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


To: Night Writer who wrote (84271)8/17/2000 10:53:21 AM
From: Andrew  Read Replies (2) | Respond to of 97611
 
CPQ has become too expensive for me. Has anyone else thought about leveraging a bet on CPQ by hitching a ride on CYNE?

Thursday August 17, 8:00 am Eastern Time

Press Release

SOURCE: CYNET, Inc.

CYNET, Inc. Forms Strategic Alliance With
Compaq

Compaq Allies With CYNET in Deployment of Wireless and Convergent Messaging
Solutions

HOUSTON, Aug. 17 /PRNewswire/ -- CYNET, Inc. (OTC Bulletin Board: CYNE - news and CYNEB - news)
announced today that Compaq Computer Corp. (NYSE: CPQ - news) has signed a multi-year strategic alliance
with CYNET to designate Compaq as its exclusive vendor to provide computer hardware and software to power
CYNET's Application Services Provider infrastructure and to work with CYNET to explore opportunities for
Compaq to deploy CYNET wireless, Internet applications, and convergent messaging solutions in certain
Compaq business groups. In addition, Compaq recently made a $2 million equity investment in CYNET, Inc.

CYNET will work with Compaq to bring to market its wireless modem technology that will be compatible with the
popular Compaq iPAQ Pocket PC and other handheld and portable devices. CYNET is exploring technology that
could potentially allow these devices to have high-speed wireless Internet connections.

``CYNET's visionary leadership, and focus on wireless and convergent communications, tightly aligns with
Compaq's emerging market focus,'' said Bud Enright, Compaq's vice president of corporate development. ``We
look forward to working with CYNET as it brings great solutions to the market.''

``This agreement allows CYNET a unique opportunity to align itself with one of the world's premier technology
companies. Through the benefits of this relationship, CYNET will be able to provide its customers with excellent
wireless, Internet and convergent messaging products,'' said Vincent W. Beale, Sr., chairman and CEO of CYNET.
``We believe this alliance has multi-million dollar implication for CYNET.''

Convergent messaging integrates e-mail, fax, data and voice messaging to simplify business communications
through a single desktop interface. Through the use of a common phonebook within CYNET's Convergent
Messaging software, global workforces will have access to fax-to-e-mail; e-mail-to-fax; fax broadcasting; e-mail
broadcasting; conference calling and wireless connectivity.

CYNET recently announced an agreement with Enron Corporation to deliver corporate wide convergent
messaging to domestic and international Enron employees. Compaq hardware has recently been deployed to
power this service delivery.

About CYNET

CYNET, Inc. is an Application Service Provider specializing in convergent technology. CYNET Convergent
Messaging simplifies business communications by using a single desktop interface to control multiple functions
including e-mail, fax, data and voice messaging. The company creates customized solutions by integrating
convergent messaging with Internet applications and wireless tools to maximize the efficiency of business
communications. To learn more about CYNET, contact the corporate offices at 800.964.2963 or visit:
www.cynetinc.com.

The Company is publicly traded and its Class A and Class B common stock are traded on the OTC Bulletin Board
under the symbols ``CYNE'' and ``CYNEB''.

About Enron Investment Partners

Enron Investment Partners, a wholly-owned subsidiary of Enron, is a private equity firm investing in early- and
mid-stage businesses that are owned or controlled by women or minorities or are located in or serve economically
disadvantaged urban areas. Enron Investment Partners provides much needed capital to segments of the
business community that have been previously overlooked by equity investors. Working together with local
community and business development groups, Enron Investment Partners is able to use its wealth of experience
to help its portfolio companies achieve the next level of success. The offices of Enron Investment Partners are in
Houston.

Notes: Compaq and the Compaq logo Registered U.S. Patent and Trademark Office. Product names mentioned
herein may be trademarks and/or registered trademarks of their respective companies. This financial discussion
contains forward-looking statements based on current expectations that involve a number of risks and
uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include:
delays in the implementation of changes in delivery models, component shortages, increased competitive
environment and pricing pressures, delays in product rollout schedules, slow acceptance for new form factors,
changes in product, customer and geographic sales mix, employee retention, the financial condition of resellers,
delays in new systems implementation, operational inefficiencies related to sales cycles, equity investment
volatility, emerging market political or economic instability and disruptions related to restructuring actions.
Further information on the factors that could affect Compaq's financial results is included in Compaq's Securities
and Exchange Commission (SEC) filings, including the latest Annual Report on Form 10-K and the latest quarterly
report on Form 10-Q.

SOURCE: CYNET, Inc.



To: Night Writer who wrote (84271)8/17/2000 11:25:10 AM
From: John Koligman  Read Replies (1) | Respond to of 97611
 
Mossberg gives some good press to the new internet IPAQ...

John

New Internet Appliance
May Challenge the PC
By Walter S. Mossberg

COMPAQ AND MICROSOFT -- like the rest of the computer industry -- for years scoffed at the very idea of simple, cheap Internet appliances that might challenge the PC. This week, they teamed up to introduce just such a device.

Well, better late than never. Their new Compaq iPAQ Home Internet Appliance is a solid and worthy first effort. It lets you roam the Web, and send and receive e-mail, with most of the functionality -- but none of the complexity and aggravation -- of a full-fledged PC. And it costs as little as $199, plus $22 a month for Internet access.

Compaq built the hardware, but the device runs on Microsoft software and connects to the Internet exclusively via Microsoft's MSN Internet service, though you can use it to reach any site on the Web, not just Microsoft's proprietary sites. There aren't any files, folders, commands or menus to figure out. There's no hard disk to crash. It's sort of a TV set for the Internet.

I'VE BEEN TESTING this new Internet appliance in the breakfast room off my kitchen, and have been pretty pleased with its performance. It's the best desktop Internet appliance I've seen. Some features are missing, but these can be added in future software upgrades automatically transmitted to the machine as they are developed.

Even in its present state, I can recommend the Compaq appliance to anyone who'd like to get online but doesn't want or need a PC.

Compaq's new iPAQ Home Internet Appliance
The all-white appliance looks like an inverted laptop, with the base containing the electronics lying behind the screen, not in front. The wireless keyboard has a solid feel and contains lots of special Web navigation keys. There's no separate mouse, but a pointing device is built into the keyboard. The 10-inch flat-panel screen is bright and vivid, and text and graphics are pleasing to the eye. The whole thing fit neatly on my counter without looking out of place.

Setup is speedy and easy. You just plug in the electrical and telephone cords, tell the machine your area code, and it dials in. After that, every time you want to use it, the machine starts up immediately, unlike a PC, and instantly dials into the Internet via MSN. It also shuts down instantly with the touch of a button.

This first model can only connect to the Net using a dial-up phone connection. But Compaq and Microsoft plan to offer high-speed DSL service for the appliances, probably in a few months. They say buyers of these first units will be able to upgrade their service plans and hardware to DSL.

I tested the Compaq Internet appliance on a wide range of Web sites and with different types of e-mail, and it handled almost everything quite well. Unlike other Internet appliances I've tried, this one can display all kinds of e-mail attachments, including Microsoft Word documents and Excel spreadsheets, and every common type of graphics or photo file. But you can't edit or create such documents, just view them.

On the Web, I successfully used scores of sites, all of which looked fine on the small screen. I bought a book at Amazon, refilled a prescription at CVS.com, checked my 401k at Fidelity, played MP3 music clips, and watched Windows Media video clips. I viewed photos stored in online albums, and even retrieved e-mail from the Web-based e-mail services provided by Microsoft rivals America Online and Yahoo. Overall, the speed was acceptable, similar to the speed of PCs.

THE SOLE PRINTER certified to run with the unit is the $99 Epson Stylus 740. It connected quickly, and printed most of the text and graphics screens I tried, with just the touch of the Compaq's "print" button.

This product, however, has some important limitations the companies should fix. The worst one is that the Compaq appliance can't handle Web sites that depend on the Java programming language, or use audio and video files created with RealNetworks technology. These limitations, and others, meant I couldn't sample CD selections on Amazon, or check my bank and brokerage accounts online. Also, the e-mail function is primitive. You can't sort e-mail into folders, create group e-mail addresses, or compose e-mail offline.

What's more, you can only have one online account, so family members can't keep their own e-mail and Web favorites. Documents and large photos attached to e-mail can't be printed. And you can't customize the home page.

If you have a question you want answered, or any other comment or suggestion about Walter S. Mossberg's column, please send e-mail to mossberg@wsj.com

The companies say they plan to fix many of these problems in a second version of the software, planned for December or January, that will be automatically uploaded to all the machines.

Pricing on the appliance is complicated. Nominally, it's $599, but nobody will pay that because you get a rebate with your required MSN subscription. A three-year subscription carries a $400 rebate, bringing the price to $199. For two years you get $200 off, and for one year you get $100.

Still, this is a good product that I wouldn't hesitate to use, or to buy as a gift. And it will only improve over time.

For answers to questions about DSL Internet service, handheld devices and serial ports, check out my Mossberg's Mailbox column in Tech Center.



To: Night Writer who wrote (84271)8/17/2000 5:19:35 PM
From: Captain Jack  Read Replies (1) | Respond to of 97611
 
NW-- ~~OT ~~ What makes you think so? 25 or the hiring of a real ceo? <<ggggg>> ,, still have 1K but thats not enough to keep much interest going,, not even worth writing calls against,,, We'll see,,,