FYI:
HOUSTON--(BUSINESS WIRE)--May 6, 1998--Compaq Computer Corporation (NYSE:CPQ) and
Digital Equipment Corporation (NYSE:DEC) today announced that the proxy statement to be provided
to Digital shareholders in connection with Compaq's pending acquisition of Digital will be mailed
beginning on May 7, 1998.
The transaction is subject to approval by holders of two-thirds of Digital's common stock. A special
meeting of shareholders will be held at 11 a.m. on June 11, 1998, at the Westford Regency Inn in
Westford, Massachusetts. Shareholders of record as of May 4, 1998, are entitled to vote at the special
meeting.
The transaction is also subject to, among other things, the termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Subject to satisfaction of these and other customary conditions, Compaq and Digital currently expect
the transaction to close shortly after the special meeting.
Company Backgrounds
Compaq Computer Corporation, a Fortune 100 company, is the fifth largest computer company in the
world and the largest global supplier of personal computers, delivering useful innovation through
products that connect people with people and people with information. The company is an industry
leader in environmentally friendly programs and business practices. Compaq is strategically organized
to meet the current and future needs of its customers, offering Internet and enterprise computing
solutions, networking products, commercial PC products and consumer PCs. As the leader in
distributed enterprise solutions, Compaq has shipped over a million servers. In 1997, the company
reported worldwide sales of $24.6 billion. Compaq products are sold and supported in more than 100
countries through a network of authorized Compaq marketing partners. Customers support and
information about Compaq and its products can be found at compaq.com or by calling
1-800-OK-COMPAQ. Product information and reseller locations can be obtained by calling
1-800-345-1518.
Digital Equipment Corporation, recognized for product and service excellence, is a leading supplier of
high-performance, Web-based computing solutions, which help enterprises compete in the global
marketplace. Digital gives its customers a winning Internet advantage through a comprehensive
portfolio of Internet solutions based on award-winning systems, advanced networking infrastructure,
innovative software, and industry applications -- including those from its business partners. The
expertise and experience of Digital employees help customers plan, design, implement, manage and
support Internet solutions in countries throughout the world. For the latest company information, visit
Digital on the World Wide Web at digital.com and/or newsdesk.com. |
