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Technology Stocks : Compaq

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To: PCSS who wrote (79451)3/14/2000 10:02:00 AM
From: Lynn  Read Replies (2) of 97611
 
Tuesday March 14, 7:59 am Eastern Time

Company Press Release

SOURCE: Compaq Computer Corporation

Compaq Delivers Powerful New
SANworks Products; Enters Open SAN Storage
Resource Management Market

New Management Tools Promote Business Velocity

HOUSTON, March 14 /PRNewswire/ -- Compaq Computer Corporation
(NYSE: CPQ - news), the world's top ranked storage systems supplier and
leading SAN provider, took a major step in launching the Open SAN today by
announcing new SANworks(TM) software products that provide simplified
Open SAN storage resource management. The new SANworks offerings,
developed jointly with strategic partner HighGround Systems, the market leader
in storage resource management software, mark Compaq's entry into this rapidly
growing storage resource management market and significantly enhance
Compaq's NonStop(TM) eBusiness solutions.

``Today's successful businesses need simple and consistent ways to manage the
ever increasing complexity of their storage resources,' said Mark Lewis, Vice
President of Compaq Enterprise Storage Software. ``The SANworks products
we are announcing today provide these companies with powerful new tools to
dramatically simplify managing storage resources supplied by virtually any
storage vendor, including industry-leading Compaq StorageWorks(TM)
products. With these new SANworks tools, enterprises can accelerate their
business velocity and better respond to emerging e-business opportunities.'

Announced today are SANworks Storage Resource Manager and SANworks
Storage Resource Manager for Exchange -- Open SAN management tools that
allow storage administrators to detect trends, foresee problems, and balance
resources by providing automated reporting for storage capacity, consumption,
and availability. Both products ensure data protection, minimize IT spending,
and automate storage monitoring.

SANworks Storage Resource Manager is Web-based management software
supporting Windows 2000, Windows NT, Sun Solaris, HP-UX, IBM AIX,
Compaq Tru64 UNIX, and Red Hat Linux. It is a market-leading reporting
solution that provides IT managers with storage data analyses to simplify and
streamline storage resource management.

SANworks Storage Resource Manager for Exchange is also Web-based
software that provides IT managers with network-wide reports, alerts, planning
trends and policies for managing Microsoft Exchange storage capacity,
consumption, and availability. Additionally, it provides the centralized reports
and policies needed to manage critical, fast-growing Exchange information
stores.

``Improving customer service levels and business operational efficiency are two
of the key benefits SANworks management products offer to growing
enterprises,' said Dennis Grant, President and CEO at HighGround Systems.
``The products Compaq is announcing today, which are based on HighGround's
industry-leading Storage Resource Management technology, can significantly
increase the availability of mission-critical and business-critical data while
allowing IT departments to regain control of storage capacity planning and
better respond to changing business needs. Without powerful storage resource
management tools, this is difficult to do in today's fast-moving Internet
economy.'

Lewis said, ``Compaq unveiled its new SANworks product line for Open SANs
on February 7, 2000. Today's announcements fulfill an important milestone in
the SANworks technology roadmap, and vault Compaq into a leadership
position in one of the most strategic growth areas of the enterprise storage
market. As the SAN market leader, it is appropriate that Compaq assumes this
leadership position in the Open SAN storage resource management space.'

For more information about today's announcement, see the Compaq Web site at:
www.Compaq.com/storage.

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 for the NonStop(TM) Internet world.

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 Web site at
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 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

biz.yahoo.com

Lynn
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