Quality was not as high as we would have hoped. Company operated margins were lower than we were expecting.

We are interested in the assets of the company, but we viewed the assets in combination with the high quality management team, development and operating platform as being even more attractive.

The company offers chic clothing but we are also focused on the quality of the garments. H&M clothing offers high fashion and quality.

We think a good quality company with a long track record, like Compaq is going to find the right CEO and they're going to turn this boat around and it's going to be a lot higher than it is today. ... I think they've swept most of the bad news under the rug right now and we're looking at Compaq as really going forward.

It has long been Hayes' vision to create a company that could provide a wide range of high quality communications products to serve the rapidly evolving virtual workplace. By combining the two companies, we expect to achieve significant synergies,

Quality and value are No. 1 and have always been a priority with the company.