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

To: Eddie Kim who wrote (25021)	4/27/1998 12:04:00 PM
From: Eddie Kim	Respond to of 97611

HOUSTON and TORONTO, April 27 /PRNewswire/ -- Compaq Computer Corporation (NYSE:CPQ) and INEX Corporation today announced that Compaq has taken a minority equity stake in INEX, a leading provider of turnkey Internet commerce applications. The investment from Compaq comes on the heels of recent partnership announcements from the two companies. Focusing on small- and medium-sized businesses, Compaq recently entered into an agreement(A) to become a distributor for the INEX Commerce Suite of products, and to bundle versions of the products on their small business desktops, seeding the market with INEX's Web store publishing product(B). The product is also available for purchase and download from the Compaq Club Web site at www.compaq.com/clubweb. "Compaq is committed to making electronic business a market reality for all businesses, " said Kenny Kurtzman, Vice President, Small and Medium Business Division, Compaq Computer Corporation. "Compaq's investment in INEX demonstrates our commitment to providing customers with the best electronic business solutions. This solution can help a small- or medium-sized business put an initial storefront on the web in 24 hours or less." "We couldn't have asked for a better partner than Compaq," said Alex Barrotti, founder and CEO of INEX. "This financing ensures our rapid roll-out of turnkey Internet commerce solutions to small and medium businesses worldwide, and will ensure our continued momentum as a leader in the e- commerce marketplace."