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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: OverSold who wrote (63176)	6/16/1999 7:00:00 AM
From: rupert1	Respond to of 97611

This is the WSJ first take on the new products. It usually produces a longer article later in the day. June 16, 1999 ------- Compaq to Cut Basic PC Price to $599, Offer Its Own Internet-Access Service By EVAN RAMSTAD Staff Reporter of THE WALL STREET JOURNAL Compaq Computer Corp. unveiled its consumer products for fall and the holidays, with plans to cut the price of its most basic computer by $100 to $599 and load each of its PCs with software for three Internet access services, including a new one of its own. Company Profile: Compaq Computer The entry-level price is the lowest starting point for a new product family at the nation's biggest seller of PCs. It recently added a model to its existing lineup at $599. The price remains well above the $299 and $399 of some start-up PC makers, however. Compaq executives said they plan to mainly market the machine in an $892 bundle with a printer and monitor. "We believe that offer will be extremely compelling and position us to compete with some of the lower-cost offerings out there," said Mike Larson, Compaq's chief of consumer products.