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Technology Stocks : Compaq

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To: Satish C. Shah who wrote (84821)9/20/2000 5:03:20 AM
From: Elwood P. Dowd   of 97611
 
Tuesday September 19, 11:30 pm Eastern Time

Press Release

Compaq and Siemens Partner to Deliver
Network Management Solutions for
Mobile Operators

Siemens to Include Compaq's TeMIP in its Mobile Integrator Solution; Compaq
To Provide Global Professional Services

HOUSTON and MUNICH, Germany, Sept. 19 /PRNewswire/ -- Compaq Computer Corporation (NYSE:
CPQ - news) and Siemens Information and Communication Mobile (ICM) announced a worldwide
agreement to jointly provide unique network management solutions for their growing base of worldwide
wireless customers. Under the terms of the agreement, Siemens ICM will serve as a strategic partner
for Compaq's TeMIP(TM) (Telecommunications Management Information Platform), the industry's
leading high-end, standards-based, multi-platform network and service management system for existing
and next-generation networks. The announcement was made at Compaq's worldwide TeMIP Forum in
Singapore.

The two companies will cooperate in the development, selling and deployment of ``best of breed''
network management solutions based on TeMIP and Siemens' performance management product
SPOTS (Support for Planning, Operation & Maintenance and Traffic Analysis System). These two
products form the basis of Siemens' Mobile Integrator, a tool that addresses the growing needs of
mobile operators to manage increasingly complex, multi-vendor, multi- technology infrastructures,
particularly in the areas of service assurance and performance management.

Compaq and Siemens ICM will help mobile operators rapidly deploy the standards-based, highly
scalable management solutions, and provide a secure path to third generation (3G) networks such as
UMTS/IMT2000. In the agreement, Siemens ICM selects Compaq Global Services as its partner for the
delivery of Mobile Integrator solutions worldwide.

``This partnership will enable us to offer our customers an extended product and service portfolio,
especially with regard to uniform network management in heterogeneous network architectures,'' said
Manfred Grenzhauser, president of Mobile Switching at Siemens ICM.

``This agreement is the natural result of cooperation that Compaq and Siemens ICM have enjoyed for
many years,'' said Larry Schwartz, vice president and general manager, Compaq Telecom. ``With the
industry-leading TeMIP and Siemens' high value management products, along with Compaq worldwide
professional services, our two companies today are much more able to meet the management needs of
our joint customers, now and in the future as they move to 3G networks.''

Compaq Telecom combines the heritage of Tandem and Digital into a single organization with lengthy
carrier-grade experience. Its offerings span the full spectrum of customer needs: in platforms, an
end-to-end product line that runs from handheld Internet-access devices to mission-critical servers that
manage large-scale network infrastructure; in services, a respected global organization that provides
customers with a single point of contact anywhere in the world; and in solutions, from wireless and
wireline solutions to business intelligence, network management and real-time CRM. Compaq
Telecommunications works with more than 200 communications companies, including the largest 40 in
the world.

About Compaq TeMIP

Compaq's TeMIP unifies and integrates multiple management platforms for a wide range of network
infrastructures and greatly simplifies the operation of today's increasingly complex networks and
services. Designed for telecommunications operators, network service providers and large corporate
users, Compaq's TeMIP is the most widely used system of its type in the world, and is currently used
by more than 70 leading telecommunications operators to manage both fixed-line and mobile networks.

About Siemens Information and Communication Mobile

Siemen's Information and Communication Mobile division (payroll 26,000, turnover 6 billion EUR in the
first nine months of fiscal 99/2000) covers all aspects of the mobile telephony business, both
communication devices and network technology and applications. The palette of communication devices
ranges from mobile phones and ISDN cards to mobile organizers, cordless and conventional telephones;
the infrastructure side covers all aspects of network technology, from base stations to switching
technology, applications and intelligent networks. Further information about these areas of Siemens is
to be found in the Internet at siemens.com.

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing
systems in the world. Compaq designs, develops, manufactures and markets hardware, software,
solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant
business-critical solutions, and communications products, commercial desktop and portable products,
and consumer PCs.

Compaq products and services are sold in more than 200 countries directly to businesses, through a
network of authorized Compaq marketing partners, and directly to businesses and consumers through
Compaq's e-commerce website at www.compaq.com. Compaq markets its products and services
primarily to customers from the business, home, government, and education sectors. Customer support
and information about Compaq and its products and services are available at www.compaq.com.

Compaq and the Compaq logo Registered U.S. Patent and Trademark Office. Product names mentioned
herein may be trademarks and/or registered trademarks of their respective companies. This financial
discussion 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: delays in the implementation of changes in delivery models, component shortages,
increased competitive environment and pricing pressures, delays in product rollout schedules, slow
acceptance for new form factors, changes in product, customer and geographic sales mix, employee
retention, the financial condition of resellers, delays in new systems implementation, operational
inefficiencies related to sales cycles, equity investment volatility, emerging market political or economic
instability and disruptions related to restructuring actions. Further information on the factors that could
affect Compaq's financial results is included in Compaq's Securities and Exchange Commission (SEC)
filings, including the latest Annual Report on Form 10-K and the latest quarterly report on Form 10-Q.

SOURCE Compaq Computer Corporation and Siemens Information and Communication

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