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Technology Stocks : Compaq

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To: hlpinout who wrote (78215)2/15/2000 7:25:00 AM
From: Dorine Essey  Read Replies (1) of 97611
 
More good news. Hopefully this will help bring us back where we belong.
Dorine

Compaq Unveils MyWorkspace.compaq.com and New Prosignia, Windows 2000 Products; Prosignia, First Business-Class, Windows 2000 Products in Retail Stores


February 15, 2000 07:00 AM
HOUSTON, Feb. 15 /PRNewswire/ -- Marking an important step in its strategy to lead the industry in providing Internet access, infrastructure, services and solutions, Compaq Computer Corporation CPQ , today announced a powerful Small and Medium-Business (SMB) focused Internet-destination called "http://MyWorkspace.compaq.com" and introduced new Microsoft Windows 2000-based Prosignia products. With this introduction, Compaq also became the first vendor to offer Windows 2000-based, business-class PCs in retail stores.(1)
Committed to making it easier for its SMB customers to do business on the Internet, Compaq offers one-touch access to MyWorkspace.compaq.com on the new Prosignia desktops and extends special offers on online services with the purchase of Prosignia PCs that come pre-loaded with Windows 2000 Professional, Office 2000 Small Business, and Norton AntiVirus. For the approximate 25 percent of small business customers who prefer to buy through retail locations, these new Prosignia products will be available at CompUSA, Office Depot, Staples, Circuit City and Best Buy. Customers will also be able to buy these products directly from Compaq through the company's Online Store (DirectPlus) at directplus.compaq.com, by calling 1-800-888-9909 or through local Compaq Authorized Resellers and direct marketers. Compaq is offering the new Prosignia 340 Desktop starting at $1,099(2) the Prosignia 330 Desktop starting at $1,799 and the Prosignia 170 Notebook(3) starting at $2,799.

"Unveiling the new MyWorkspace.compaq.com business portal with Prosignia products featuring Microsoft Windows 2000, clearly underscores Compaq's commitment to providing growing businesses with the most comprehensive Internet solutions," said Ray Frigo, Vice President, iServices at Compaq. "This offering joins award-winning technology and software with a powerful array of best-in-class online productivity tools so our business customers can easily capitalize on the power of the Internet to improve their personal and professional productivity."

MyWorkspace.compaq.com -- Gateway to the SMB Internet Economy Leveraging the relationship with MyWay.com Corporation, a CMGI company, and other key Internet partners,http://MyWorkspace.compaq.com is a customizable business-to-business site offering news, information and access to online productivity tools such as Compaq's Small Business Resource Center, Free eBusiness, online training, online postage and Internet access through Compaq.NET(TM) for Business. Comprised of comprehensive business oriented content and a secure suite of Internet-based services, MyWorkspace.compaq.com allows end-users to automate and streamline business practices -- from administration and sales to remote productivity -- reducing costs and increasing market reach.http://MyWorkspace.compaq.com includes tools and services from leading Compaq Internet partners such as Concentric, Headlight.com, Bigstep.com, E-Stamp, e-Parcel, and Smart Online.

"MyWay is pleased to partner with Compaq, the NonStop(TM) Internet Company," said David Luff, Vice President of Enterprise Solutions for MyWay.com. "By providing a co-branded portal site with content, applications and commerce options tailored specifically to meet the unique needs of small and medium size businesses, Compaq and MyWay are taking the lead in the rapidly growing SMB market segment."

Special Offers -- Prosignia and Microsoft Windows 2000

Combining the quality and built-in features of Windows 2000 with the new Prosignia configurations empowers SMBs to quickly, easily and cost effectively do business on the Internet. With the purchase of Windows 2000 based Prosignia PCs Compaq is providing special introductory offers:

-- 3 months of free Internet access with multiple email accounts and web hosting with Compaq.NET(TM) for Business. -- Free Windows 2000 online training. -- 2 percent cash rebate or a 3-month lease payment holiday each year. These special lease offers are for customers who buy direct Compaq or from participating Authorized Compaq Resellers through Compaq Financial Services.(4) -- Access to Free All-in-One e-Business service to create and maintain a customized Web site, conduct secure e-Commerce, send personalized email newsletters, receive detailed reports of site activity, and market a business on the Web.

For more information on these Prosignia offers, pricing and other related rebates visit: www.myworkspace.compaq.com.

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices.

Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at 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 the failure to close the contemplated transaction with Inacom; failure of systems associated with order fulfillment; the failure to close certain contemplated sales; changes in product mix; inventory risks due to shifts in market demand; continued competitive factors and pricing pressures; and market responses to pricing actions and promotional programs. Further information on the factors that could affect Compaq's financial results are included in its SEC filings, including the annual report on Form 10-K for the year ended December 31, 1998, and the latest quarterly report on Form 10-Q.

(1) Either through the Built-for-You kiosks or on the shelf.
(2) All prices are suggested retail prices. Actual retail, DirectPlus and
reseller prices may vary. Prices do not include applicable state and
local sales taxes or shipping charges.
(3) The Compaq Prosignia 170 Notebook will not be available through
retail.
(4) Financing available through Compaq Financial Services Corporation
(CFSC) to qualified commercial customers in the U.S. Financing is
subject to credit approval and execution of standard CFSC
documentation. Monthly lease payments are based on 48-month Fair
Market Value leases, and do not include taxes, fees, or shipping
charges. Customers can choose to defer 3 lease payments per 12 month
period of the lease term for a total of 36 monthly payments over a
48 month period; or customers can enter into a lease with a standard
30-day billing cycle and receive 2% cash back on the total value of
the lease. Leases must commence between February 1 and June 30, 2000
to qualify for this offer. Other fees and restrictions may apply and
CFSC reserves the right to change or cancel this program at any time
without notice.

SOURCE Compaq Computer Corporation



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