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

To: Night Writer who wrote (93187)	9/24/2001 10:05:58 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Gov. McCallum Celebrates $25 Million Technology Pact to Give UW-Stout Students Compaq Notebooks UW-Stout Partners With Compaq to Deliver Unprecedented Notebook and Mobility Initiative to Its Students MENOMONIE, Wis., Sept. 24 /PRNewswire/ -- Wisconsin Governor Scott McCallum joins University of Wisconsin-Stout and Compaq Computer Corporation (NYSE: CPQ - news) as they sign a $25 million, seven-year mobility initiative in a ceremony today on University of Wisconsin-Stout's main campus. Unprecedented in the University of Wisconsin system, the initiative will provide the latest Compaq enterprise-class notebooks to every UW-Stout freshman beginning Fall 2002. As part of the initiative, students will have wireless access to the Internet and the UW-Stout computer network environment throughout the campus including classrooms, hallways, and to a certain extent outdoors. The signing ceremony, which will be held at 2:30 PM CDT in UW-Stout's Millennium Hall, marks the beginning in Wisconsin of what is expected to be the wave of the future in higher education. ``I applaud UW-Stout's initiative in implementing this program. Education is the key to a successful future. With a Higher Educational workforce, we can continue to attract the type of high paying jobs we need to build this state, and keep our best and brightest in Wisconsin where they belong,'' stated Gov. McCallum. ``Wisconsin is committed to ensuring that all of our citizens reach their highest potential.'' UW-Stout launched the pilot portion of its laptop program in Fall 2000. More than 50 freshmen in the technical communication and graphic communications management programs participated in the pilot. This year, UW-Stout and Compaq along with Vanguard Computers will focus on fine tuning UW-Stout's infrastructure and preparing UW-Stout faculty to incorporate the new technology into their academic programs. Many of UW-Stout's faculty will redesign courses to take full advantage of laptops as learning tools. Instructors also may choose to supplement their textbooks with electronic resources such as DVDs and CD-ROMs. In some classes, students will learn to use the specialized software employed in their fields of study. ``Technology is driving change at an extremely fast pace. But, when used effectively, it can stimulate learning, enrich lives and provide greater opportunity for the future,'' said UW-Stout Chancellor Charles W. Sorensen. ``An innovator for more than a century, UW-Stout is committed to its vision of delivering hands-on, minds-on learning. We have partnered with Compaq and Vanguard because we are confident that their breadth and depth of IT experience will ensure the success of our vision.'' ``Partnering with forward-looking institutions such as UW-Stout is critical to Compaq,'' said Bill Weaver, vice president of US Sales for Compaq Computer Corporation. ``Access to technology and computer-based skills as well as the ability to use this technology is essential to training our future workforce. Compaq, and indeed the entire high-tech industry, rely heavily on skilled workers such as UW-Stout's graduates to create innovative products and get them to market quickly.'' Company Background Founded in 1982, Compaq Computer Corporation (``Compaq'') is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault- tolerant business-critical solutions, communication products, and desktop and portable personal computers 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 are trademarks of Compaq Information Technologies Group, L.P. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the Hewlett-Packard/Compaq merger does not close or that the companies may be required to modify aspects of the transaction to achieve regulatory approval or that prior to the closing of the proposed merger, the businesses of the companies suffer due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Compaq and Hewlett-Packard are unable to transition customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Compaq and Hewlett-Packard's Securities and Exchange Commission reports; and other risks that are described from time to time in Compaq's and HP's Securities and Exchange Commission reports (including but not limited to Compaq's annual report on Form 10-K for the year ended December 31, 2000, HP's annual report on Form 10-K for the year ended October 31, 2000, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Compaq's results could differ materially from Compaq's expectations in these statements. Compaq assumes no obligation and does not intend to update these forward-looking statements. SOURCE: Compaq Computer Corporation

To: Night Writer who wrote (93187)	9/24/2001 11:32:31 AM
From: Elwood P. Dowd	Respond to of 97611

DJ news: SSB's Gardner on CPQ by: skeptically 09/24/01 10:58 am Msg: 256733 of 256737 Compaq Up 5% After Salomon Ups It To Buy From Neutral 09/24 9:33 AM (DJ) Story 3460 =DJ Compaq Up-2:Salomon Set $10 Price Target On Compaq Stock By Donna Fuscaldo Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of Compaq Computer Corp. (CPQ) climbed as much as 6% in early trading Monday after Salomon Smith Barney analyst Richard Gardner raised his investment rating on the computer maker to a buy from neutral. In a research report issued Monday, Gardner, who set a $10 price target on shares of Compaq, said the proposed merger of Compaq with Hewlett-Packard Co. (HWP), which was announced earlier this month, will likely go through. He noted that the fixed exchange ratio of .6325 H-P shares for Compaq shares implies a fair value based on last Friday's closing prices. Shares of Compaq closed Friday at $7.99. H-P closed at $14.96, up 3%, on Friday. While Gardner said there will be risks in integrating H-P and Compaq, he said the stock has already discounted that risk and that if the merger is done well, it will create a "more competitive" company in 18 to 24 months. Still the analyst, who expects Compaq to preannounce lower than expected results for the September quarter, slashed his earnings estimates on Compaq to reflect the Sept. 11th attacks and revenue declines in certain product categories that are now "lame ducks" because of the merger with H-P. The analyst now expects Compaq to post earnings of 26 cents a share for 2001, down from 36 cents a share, and 15 cents a share in 2002, lower than his previous 69 cents a share estimate. Despite expectations that Compaq will lower its financial targets for the current quarter, Gardner did say Monday that even with an earnings warning the downside risk will be limited. "If the shares are weaker on a preannouncement we would be buyers," he said. Shares of Compaq were recently trading up 6%, or 46 cents, at $8.45, on volume of 4.7 million shares. Average daily volume is 12.2 million shares. -By Donna Fuscaldo, Dow Jones Newswires, 201 -938 -5253 donna.fuscaldo@dowjones.com (END) DOW JONES NEWS 09 -24 -01 10:13 AM