Compaq Strengthens Genomics Foothold with $100M Commitment | GenomeWeb

NEW YORK, Sept 26 – By earmarking $100 million for investments in genomics start-ups, Compaq Computer Corporation (NYSE: CPQ) is poised to earn big returns from picking winners as well as from generating increased revenues by creating more demand for its computers, experts said Tuesday.

“The more that these computer companies can drive genetic sciences and bioinformatics, the more computers they can sell,” said Alexander Hittle, genetic sciences analyst at AG Edwards.

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