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


To: Captain Jack who wrote (89480)2/3/2001 11:22:33 AM
From: hlpinout  Read Replies (2) | Respond to of 97611
 
Maybe I read into the pr but I've highlighted the parts I've referred to. I don't believe that "free ISP" is part of the deal.
Perhaps I should have used the word "secure" but I was paraphrasing from memory. Either way it appears I see much more here than you.
hio
--
Thursday February 1, 4:08 pm Eastern Time

Press Release

SOURCE: Compaq Computer Corporation

Compaq Chosen By U.S. Postal Service to Provide
Employees Affordable Technology, Internet Access

Program Creates Custom Portal and Offers Workers PCs

HOUSTON, Feb. 1 /PRNewswire/ -- Compaq Computer Corp. (NYSE: CPQ - news) has signed an agreement with the US
Postal Service to offer Presario Internet PCs and a variety of Internet services options to 800,000 postal employees in more
than 42,000 locations across the United States including Puerto Rico, Hawaii and Guam. In addition, Compaq will create a
custom portal through which postal employees can securely access the USPS Intranet.


``Compaq has had a long and productive business partnership with the US Postal Service. We are pleased to have the
opportunity to extend that partnership by offering USPS employees affordable personal technology and Internet connectivity,''
said Michael D. Capellas, Compaq's chairman and chief executive officer. ``With Compaq's support, USPS has been a leader
in using the Internet to increase efficiency and customer satisfaction. This new program will give employees secure access to the
Postal Service Intranet and other Web resources.''


Compaq's Consumer Group continues to hold the number one worldwide consumer PC market share position, according to
the market research firm International Data Corporation.

Personal Computers, Internet Access, Custom Portal

Later this quarter, USPS employees will be able to purchase Compaq Presario Internet PCs configured anyway they like via a
customized website or toll-free phone number. Compaq is offering USPS employees a specially customized PC and monitor
bundle, a wide range of configurable Presario Internet desktop and notebook PCs, associated options and a variety of Internet
services.


As part of this agreement, Compaq is making arrangements for USPS employees to receive special offers on Internet access
from ISPs at reduced rates. Compaq will use its integration expertise to create a customized news and information portal that
also provides USPS with a persistent and timely channel for employee communications. The integration of a Virtual Private
Network (VPN) provides Postal Service employees with secure access to the USPS Intranet.


Compaq's Relationship with USPS

Compaq's relationship with USPS began in 1979 and has grown into a mutually successful business partnership. In the last six
years, Compaq has shipped more than $1 billion of quality products and services to support USPS information technology
infrastructure and strategic e-commerce revenue programs. Compaq is proud of being recognized by USPS as a Quality
Supplier Award winner for 1997, 1998 and 1999. In 2000, Compaq was honored with their prestigious USPS Postmaster
General Award in recognition of our partnership and delivering innovative technology solutions to help USPS address their
business challenges.

Company Background

Compaq Computer Corp., a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq
designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry- leading enterprise
computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable
products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is
available at www.compaq.com.

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: Compaq Computer Corporation

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