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FCB quits $70 mil Palm acc't after winning Compaq work

Published on .

Fresh off its $350 million win of Compaq Computer Corp., FCB Worldwide is resigning the $70 million Palm business, said executives close to the account. FCB officials previously had said they didn't know if the Palm handheld organizer, which operates on a non-Windows operating system, would conflict with Compaq, whose personal organizers operate with Windows software. The account had been handled out of FCB's San Francisco office. The New York office won the Compaq account. Compaq and FCB officials couldn't be reached for comment by deadline. Separately, FCB parent True North Communications, Chicago, reported its first-quarter net income more than doubled over the same period a year ago, hitting $10.2 million. Commission and fee income climbed 19% to $359.6 million. Net new-business wins increased 235% to $268 million in equivalent annualized billings.

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