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Technology Stocks : Compaq

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To: Night Writer who wrote (93178)9/24/2001 8:23:20 AM
From: Elwood P. Dowd  Read Replies (2) of 97611
 
Compaq Launches Windows(R) XP(R) Lineup for Holidays Featuring All-New Presario Notebooks, Desktop and Printers
New Products Designed to Help Compaq Win Back Consumer Market Share
HOUSTON, Sept. 24 /PRNewswire/ -- Compaq Computer Corporation (NYSE: CPQ - news) today introduced a powerful new lineup of consumer products for the holidays, all of which will ship with the much anticipated Microsoft® Windows® XP® operating system.

Featuring two all-new Presario notebooks, a sleek new Presario desktop form factor and three new alternatives in printers, the Compaq 2001 holiday line brings the latest technologies to consumers with Intel® Pentium® 4, AMD® Athlon(TM) 4 and Windows XP offerings at attractive price points.

``Compaq's new holiday products, coupled with the power of Windows XP, represents the strongest lineup of consumer offerings we've ever assembled,'' said Mike Larson, senior vice president and general manager of Compaq's Access Business Group. ``As a result, we expect to win back share in the U.S. consumer market in the fourth quarter.''

The introduction of Windows XP is expected to establish a new standard in dependability and simplicity, providing a new, friendly and stable computing experience for consumers. The new operating system's digital media features will also help Compaq customers extend their PCs' multimedia capabilities, such as digital music and photo albums, and such applications as the popular MyMovieSTUDIO home movie-making solution. All new Presario notebook and desktop PCs will be available with either Windows XP Home or Windows XP Pro.

``We believe the introduction of Windows XP is the most significant milestone for the consumer PC industry this year,'' Larson continued. ``By combining the attractiveness of the retail shopping experience with in-store, build-to-order direct kiosks, we're giving our customers unmatched shopping choices, innovative products and a variety of Internet and wireless capabilities.''

New for Christmas: Notebooks, Desktops, Printers and More

Compaq today unveiled two totally new Presario Notebook PCs featuring a sleek new onyx and silver design -- the Presario 2700 and Presario 700 Notebooks.

Redefining power, freedom and mobile design, the Presario 2700 Notebook PC offers desktop-like performance with the fastest Intel Pentium III processors at speeds up to 1.13 GHz, the fastest graphics processor available, and both a fixed optical drive and hot-swappable FutureBay(TM) for just $1,699, which includes a $100 manufacturer's rebate. Even greater savings can be realized when ordered direct from Compaq.

The new feature-rich Presario 700 is an innovative, aggressively priced, easy-to-use notebook PC. Capable of handling the most demanding applications with the fastest AMD processors up to 1.2 GHz, the Presario 700 is optimized for affordability for the home or small office starting as low as $999 direct from Compaq.

Compaq also re-energized its popular thin and light Presario 1700 Notebook PC, offering Intel Pentium III processors at speeds up 1.13 GHz, starting at just $1,599 at retail, which also includes a $100 manufacturer's rebate, or as low as $1,148 when configured direct from Compaq.

Compaq also revealed today a sleek new Presario desktop form factor: the Presario 8000 Desktop PC. Available direct from Compaq at www.compaq.com , the Presario 8000 is the fastest PC on the market, configurable with either AMD or Intel processors at speeds up to 2 GHz. The ultimate PC for video editing and gaming, the Presario 8000 is still affordable with prices starting at just $1,199.

Compaq has also enhanced the long-time favorite Presario 5000 desktop series to offer the latest Intel Pentium 4 processing power at speeds up to 2 GHz at the affordable price of just $899.

Both the Presario 5000 and 8000 series PCs are packaged with new Quicken financial and Electronic Arts software, and when configured direct from Compaq, feature six months free AOL Internet service.

Compaq also announced today an all-new lineup of imaging products, including a four-function all-in-one printer, a three-function all-in-one printer, as well as the ultimate in photo printing, the Compaq 1400P Color Inkjet Printer.

The 1400P features stand-alone digital photo capabilities -- users can print photos directly from their digital camera's memory card, without the need for a PC. The 1400P also offers the highest resolution available (up to 2400x1200 dpi) at any price for PC users or digital camera owners, and is available for just $149.99.

Two all-in-one printers, the A3000 and A4000 were also unveiled. The A3000 color inkjet all-in-one saves time and space by allowing users to create, edit, print, copy, scan and share projects, photos and documents quickly and easily for just $199.99. The Compaq A4000 is a powerful all-in-one device for professional projects, document management and small office tasks, featuring 10 MB of memory for incoming fax and speed dial storage, all for just $249.99.

For more information about the holiday lineup from Compaq, go to Compaq's Web site at athome.compaq.com , or visit a Compaq kiosk located in more than 10,000 popular retail stores and many traditional retail locations.

In addition to an exciting new line of products, Compaq customers can rely on Compaq award-winning customer care and service. Customers have the option of calling Compaq's technical support line at 1-800-OK-Compaq or e-mailing their questions 24 hours a day, seven days a week to www.compaq.com/consumersupport , through which Compaq provides the fastest average response time of just one hour.

Continually striving to simplify and secure computing and communicating for its customers, new Compaq Presarios feature out-of-the-box support applications, including Compaq Advisor, a messaging application that provides helpful, timely technical advice and information to ensure users are getting optimal performance from their Presario PCs; and links to the NetSmartz Internet safety workshop (www.netsmartz.org ), an Internet safety web site that helps children and parents learn to avoid dangerous online situations and what steps to take if a situation occurs. (Editor's Note: For more information about the NetSmartz Internet Safety program, see related web advisory titled ``New Presario PCs Make Internet Safety a Click Away for Children, Parents'' at compaq.com .)

Company Background

Founded in 1982, Compaq Computer Corporation (``Compaq'') is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault- tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.com .

Compaq and the Compaq logo are trademarks of Compaq Information Technologies Group, L.P. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the Hewlett-Packard/Compaq merger does not close or that the companies may be required to modify aspects of the transaction to achieve regulatory approval or that prior to the closing of the proposed merger, the businesses of the companies suffer due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Compaq and Hewlett-Packard are unable to transition customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Compaq and Hewlett-Packard's Securities and Exchange Commission reports; and other risks that are described from time to time in Compaq's and HP's Securities and Exchange Commission reports (including but not limited to Compaq's annual report on Form 10-K for the year ended December 31, 2000, HP's annual report on Form 10-K for the year ended October 31, 2000, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Compaq's results could differ materially from Compaq's expectations in these statements. Compaq assumes no obligation and does not intend to update these forward-looking statements.

COMPAQ 2001 HOLIDAY LINEUP
PRODUCTS AND SERVICES BACKGROUND
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