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

To: PCSS who wrote (83040)	6/29/2000 4:22:00 PM
From: Seamus McKenna	Respond to of 97611

Did MC anticipate this when he said on CNBC earlier in the week that he was comfortable with projections and that the high end business was doing well? Edit: Now 25 1/4 on Datek RT streamer SMcK

To: PCSS who wrote (83040)	6/29/2000 4:25:00 PM
From: Piotr Koziol	Respond to of 97611

The actual text of Compaq's response: Compaq Statement PR Newswire - June 29, 2000 16:20 HOUSTON, June 29 /PRNewswire/ -- The following statement from Compaq Computer Corporation (CPQ: NYSE) is in response to Solomon Smith Barney report dated June 29: At this time, we are comfortable with channel inventory levels. Compaq's channel inventory has been low and in some cases near stock-out levels. Q2 has been very back-end loaded due to supply constraints early in the quarter. There have been no changes to standard price protection terms or any adjustments made in the normal course of business. Jesse Greene Chief Financial Officer Compaq Computer Corporation SOURCE Compaq Computer Corporation /CONTACT: Grace Trent of Compaq Computer Corporation, 281-518-9460/ /Photo: newscom.com PR Newswire Photo Desk, 888-776-6555 or 201-369-3467/ /Web site: compaq.com /