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Technology Stocks : Compaq

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To: rupert1 who wrote (80422)3/29/2000 11:19:00 AM
From: Piotr Koziol   of 97611
 
Compaq Introduces iPAQ Small Business Solution; Provides Simplified Business Computing While Bringing Power of the Internet to Small and Medium-Sized Businesses; New Information on Compaq Website
PR Newswire - March 29, 2000 11:15

HOUSTON, March 29 /PRNewswire/ -- Compaq Computer Corporation (NYSE: CPQ) today announced the iPAQ(TM) Small Business Solution, a combination of powerful software and services coupled with the iPAQ Internet Device that provides a simpler business computing experience and brings the power of the Internet to small and medium-sized businesses.

Based on the award-winning iPAQ Internet Device, which eliminates older "legacy" technologies such ISA/PCI slots and instead focuses on USB devices, the iPAQ Small Business Solution is a simple, affordable solution that includes the following tools for immediate out-of-the box productivity:

-- Compaq.NET for Business - three months free
-- Free Windows 2000 online training
-- Access to MyWorkspace.compaq.com - a destination for personal and
professional productivity
-- Pre-loaded software
-- Microsoft Office 2000 Small Business Edition
-- Norton Anti-Virus 2000
-- V75 17-inch CRT Carbon Monitor
-- 56K V.90 USB Modem
-- 24X CD-ROM Drive
Pricing starts at $1,075(1) for a legacy-free iPAQ Small Business
Solution. It features an Intel(R) Celeron(TM) 500 MHz processor, 64-megabytes
(upgradeable to 512-megabytes) of SDRAM (Synchronous Dynamic RAM), 4.3 GB
Smart II Ultra ATA 66 Hard Drive and Microsoft Windows 2000 Professional
Operating System. The iPAQ Small Business Solution is available through the
Compaq DirectPlus website. Special Leasing plans, including 90-day payment
deferral, or a 2% cash rebate or a 90 day payment holiday each year, are
available from Compaq Capital. For more details on the Small Business
Solutions, please visit Compaq's Web site at
www1.compaq.com

(1)All prices listed are U.S. estimated street prices.

Company Background

Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing systems in the world. For more corporate information, see compaq.com.

Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. This release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include implementation of a new model of distribution; the failure of systems associated with order fulfillment; changes in product mix; inventory risks due to shifts in market demand; continued competitive factors and pricing pressures; market responses to pricing actions and promotional programs; volatility of certain equity investments; component shortages; and instability in developing countries that may affect operations. Further information on the factors that could affect Compaq's financial results are included in its SEC filings, including the latest annual report on Form 10-K, and the latest quarterly report on Form 10-Q.

SOURCE Compaq Computer Corporation

/CONTACT: Mike Hockey, 281-927-9379, or email, mike.hockey@compaq.com; or
Nora Hahn, 281-514-8316, or email, nora.hahn@compaq.com, both of Compaq
Computer Corporation/

/Photo: NewsCom: newscom.com

PRN Photo Desk, 888-776-6555 or 201-369-3467/

/Web site: www1.compaq.com

compaq.com

(CPQ)

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CPQ %CPR %MLM %PDT V%PRN P%PRN
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