Compaq Edges Higher on Restructuring

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Compaq (CPQ) was up 0.6% in early trading after Reuters said it was planning a major restructuring amid a price war in the personal computer sector.

The company this morning announced an agreement to share technology with chipmaker

Intel

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to build high-powered computers, and also announced plans to scale back computer products based on other chip technology.

The company plans to base its "entire 64-bit family of servers" on Intel's Itanium microprocessor design by 2004. Intel was up 2.7%.