With a new CEO, it

To those people who have been bashing Compaq Computer Corp. and dourly predicting its demise, I have one thing to say: Get a life! Compaq isn’t about to take its last breath any time soon, so you might as well get on with business.

With the recent announcement of Michael Capellas’s appointment as president and CEO, Compaq itself is getting on with business. Capellas was promoted from the ranks of chief information officer and acting chief operating officer to take the helm of the world’s second-largest computer company. The appointment surprised many, including Compaq insiders, who were expecting a big-name star from the outside world to be hired.

The fact that Capellas isn’t a household name is distressing to many analysts, especially those in the financial community, because he doesn’t have prior CEO experience on his r