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

To: Red Scouser who wrote (67125)	8/30/1999 8:43:00 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Monday August 30, 8:09 am Eastern Time - Cable & Wireless Signs $75 Million Global Agreement With Compaq HOUSTON--(BUSINESS WIRE)--Aug. 30, 1999--Compaq Computer Corporation (NYSE:CPQ - news) today announced a global IT agreement with Cable & Wireless, a world leader in telecommunications. Under the agreement, Compaq will supply Cable & Wireless with Deskpro desktop and Armada notebook PCs for its global operation. International Computer Group (ICG), a Compaq International Systems Reseller, will handle configuration, service and support. The contract has a projected value of $75 million over three years. ''When we started talking to Compaq, there was a meeting of the minds in terms of long-term business objectives,'' said Nick Duarte, Cable & Wireless Director of Purchasing for IT and IS. ''The key for us with this agreement is that it gives us world class delivery and support, as well as a best price guarantee.'' Cable & Wireless expects the agreement will deliver significant cost savings through global standardization of its desktop platforms, improved management reporting, and complete visibility of worldwide purchasing. Each country is able to order and deploy Compaq systems by working with a local Compaq account manager and the local ICG company. Availability of the agreement to the Cable & Wireless business units will take place in three phases. The full rollout is anticipated to be complete within three months beginning with offices located in the US and the UK. ''Compaq is dedicated to supporting Cable & Wireless' rapid growth and leadership position in telecommunications,'' said Randy DeMont, Vice President, Global Accounts, Compaq Computer Corporation. ''Global corporations are choosing Compaq because we can deliver global IT solutions, provide world-class service and support, and offer a single point of accountability for our customers.'' About Cable & Wireless Cable & Wireless is one of the world's leading providers of integrated communications and a major global carrier of communications traffic: Internet, data, voice and video. Its businesses around the world offer a range of services spanning interactive entertainment and information, broadband data, Internet access and broadcast television, as well as fixed and mobile voice. With customers in 70 countries, Cable & Wireless is one of the world's largest carriers of international traffic and provides mobile communications in more than 30 countries. 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 Simon Eastwick, 281/514-2702