"Michael David Capellas" is an American executive in the computer and telecommunication industries.

Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldCom (later MCI) where he led its merger with Verizon.

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We still have a lot of work to do, but we are delivering on our 100-day plan, ... We are making solid progress on our cost reduction initiatives, and we are profitable. We remain on track to emerge from Chapter 11 protection later this year.

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The combined company will have the strength and assets necessary to be a competitive force in today's transforming communications marketplace.

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People are willing to spend if we give them something new, ... But there really are no new waves of technology.

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We are betting the bank, building our future on convergence.

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A work force reduction is always a difficult decision, but we are confident that our overall cost reduction plan will help us emerge from Chapter 11 and make us more competitive in the marketplace in the long run.

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No one even arguably associated with the past wrongdoing continues to work at the company.

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There's no question that we have a sense of urgency in everything that we do.

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We are emerging with a new board and management team, a sound financial position, unmatched global assets, a strong customer base and industry-leading service quality.

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In the first quarter, we recorded more than $1 billion in major account wins in the healthcare, education and travel markets alone.

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