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

To: NickSE who wrote (27346)	6/9/1998 8:33:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Compaq bets on Net Compaq Computer Corp. (CPQ) hopes to make $1 billion a year in fees from Internet service providers and online services. As part of its fall product roll-out, Compaq is expected to show Presario Internet PCs, which include built-in Internet function keys, and to announce agreements with America Online Inc. (AOL) and GTE Corp. (GTE) under which it will receive fees based on how much Presario owners use those services, The Wall Street Journal reported. "We've focused on placing connectivity front and center," Compaq consumer division chief Rod Schrock said. "That's going to drive sales now." Details of the Net promotion include plans to rebate $100 to Presario buyers who sign up for trial subscriptions with the online services. Major retailers including Best Buy Co. (BBY) and Office Depot Inc. (ODP) will participate in the sales promotion. Net's news use triples An estimated 36 million people now get some news from the Internet in a typical week, compared to 11 million who did so two years ago, according to the Pew Research Center for the people and the Press. News users on the Net are also younger, better educated and more affluent than the population as a whole, the report showed. Putting the finding in context, the research concluded almost as many people use the Internet for news on a typical day as do those who read magazines. More information about the survey can be found at www.people-press.org. The Internet Daily (TM) is originally published and edited by CBS MarketWatch