Compaq, Cable & Wireless plc form global e-business venture, will spend $500 million

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Houston--Compaq Computer Corp. and Cable & Wireless plc, London, have formed a pact to globally market electronic-business software and Internet services to midsize corporations. Compaq and Cable & Wireless will commit $500 million to the venture over the next five years. The venture will initially target business customers across the U.S., U.K. and continental Europe, followed by a push into Asia.
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