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

To: Steven N who wrote (65015)	7/14/1999 10:23:00 AM
From: Elwood P. Dowd	Respond to of 97611

Nike Adds Compaq to Its Global Information Technology Team Customer Choice Model and Global Product Consistency Instrumental in Securing Multi-Million Dollar Agreement BEAVERTON, Ore. and HOUSTON--(BUSINESS WIRE)--July 14, 1999-- In its continuing effort to redirect resources toward its core athletic businesses, Nike (NYSE:NKE - news) today announced the selection of Compaq Computer Corporation (NYSE:CPQ - news) as its global information technology (IT) solutions provider. Compaq was selected because of its superior product offerings, future direction of the ultraportable laptop PC, global consistency of delivered product and its Customer Choice model that provides flexibility in product customization. Financial terms of the multi-year contract were not announced; however, Nike is expected to realize significant annualized cost savings as a result of the single vendor agreement. ''Standardizing on Compaq products globally allows Nike to focus on our core athletic businesses,'' said Ken Harris, Nike's chief information officer. ''We standardized on Compaq desktops several years ago and we were very pleased with our experience. It just made sense for us to expand our relationship with Compaq, adding them to our newly configured information technology delivery team. With their solid global presence, we know that the product quality will be the same -- whether it is delivered here in Beaverton (Oregon) or in Bangkok.'' ''Nike is another example of a customer looking beyond the mere methodology of purchasing hardware to the bottom-line deliverables -- a global IT solution with Total Cost of Ownership (TCO) factored in,'' said Jim Milton, Vice President, U.S. Enterprise Sales for Compaq. ''Our Customer Choice program lets our customers determine how they want to order, customize and have products delivered. Our goal is to help Nike drive efficiencies from IT, improving their overall purchase and ownership experience.'' Nike's global standardization begins with the shipment of Deskpro desktop and Armada portable systems to Nike Mexico. Over the next six months, approximately 4,700 Deskpro EN, Armada 7400 and Workstation SP 700 units are expected to ship to Nike's global affiliates in over 35 countries. The future direction of the portable PC line was also a key factor in determining the Nike-Compaq agreement. The ultraportable laptop PC line is scheduled to be announced later this quarter. With this new partnership, Compaq now joins Lockheed Martin Integrated Business Solutions as a strategic provider of corporate IT services to Nike. Earlier this year, Lockheed Martin entered into an outsourcing agreement with Nike designed to upgrade a broad range of the company's internal information technology services. About Nike Nike Inc., headquartered in Beaverton, Ore., markets its products in more than 100 countries and is the world's leading sports and fitness company. Further information can be obtained at nikebiz.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. Contact: Compaq Computer Corporation, Houston Simon Eastwick, 281/514-2702 Simon.Eastwick@COMPAQ.com or Nike, Beaverton Vada Manager, 503/671-2875 Vada.Manager@nike.com