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


To: Diamond Jim who wrote (49278)2/23/1999 12:49:00 PM
From: Kenya AA  Respond to of 97611
 
Compaq To Redeem Digital Preferred Stock
Business Wire - February 23, 1999 12:19
HOUSTON--(BUSINESS WIRE)--Feb. 23, 1999--Compaq Computer Corporation (NYSE:CPQ) today announced that its wholly-owned subsidiary Digital Equipment Corporation (NYSE:DEC) has called for redemption and will redeem on April 1, 1999 all outstanding shares of the Series A 8-7/8% Cumulative Preferred Stock and all depositary shares evidencing the Series A Preferred Stock (each Depositary Share representing 0.25 shares of Series A Preferred Stock) of Digital.

"The redemption of the Digital preferred stock is one more step in realizing synergies from the Digital acquisition and will result in cash savings for Compaq," said Earl Mason, senior vice president and chief financial officer.

The redemption price to be paid for each depositary share will be $25.555.

For additional information, please contact the Corporate Actions Department of Citibank, N.A., the Information Agent for the redemption, at 877/248-4237.

Compaq Background

Compaq Computer Corporation, a Fortune Global 100 company, is the second largest computer company in the world and the largest global supplier of computer systems. Compaq develops and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, enterprise and network storage solutions, commercial desktop and portable products, and consumer PCs. The company is an industry leader in environmentally friendly programs and business practices.

Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products are available at compaq.com.

Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

CONTACT: Compaq Computer Corporation, Houston
Jim Finlaw, 281/514-6137
jim.finlaw@compaq.com
or
Investor Relations, 281/514-9549 or 800/433-2391
More financial information is available at
compaq.com




To: Diamond Jim who wrote (49278)2/23/1999 12:59:00 PM
From: Kenya AA  Respond to of 97611
 
Compaq halts sales to Web-only retailers

By Frank Barnako, CBS MarketWatch
Last Update: 11:38 AM ET Feb 23, 1999 Listen to Internet Daily

Compaq Computer Corp. (CPQ) confirmed it ended selling Presario personal computers to Internet-only e-tailers. The company's director of marketing described as "at least temporary" a decision to withhold product from Web sellers for a 90 day evaluation period. Among the affected e-tailers, the company said, are Cyberian Outpost (COOL), Buy.com, Shopping.com and Value America. Some traditional retailers say Web-based operations have lower costs and therefore can sell goods at lower prices, putting a competitive squeeze on land-based retailers.

Best Buy climbs on split, investor confidence
Reuters Story - February 23, 1999 12:43
CHICAGO, Feb 23 (Reuters) - Shares of home electronics retailer Best Buy Co. Inc. rallied sharply Tuesday, one day after the company announced a two-for-one stock split.

By midday, shares of the Minneapolis-based company were ahead 7-1/8, or about 8 percent, at 97-1/8, just off a record high of 97-3/8 reached earlier in the session.

"A stock split is always neutral to helpful but it's perceived as good news," said Douglas Gordon, who follows Best Buy for NationsBanc Montgomery Securities. "From a valuation standpoint, it doesn't change the reason why I have and continue to recommend the stock."

He said Best Buy is on the verge of benefiting greatly from a major and lucrative product cycle -- digital television and the digital video disk (DVD).

"They've got a ton of momentum going on right now," one analyst said. "The party's just beginning if they can continue, and investors realize that."

Gordon added that Compaq Computer Corp.'s announcement Monday that it had halted sales of personal computers to Internet-only retailers was raising investors' confidence in Best Buy.

"That gives investors more comfort in terms of the margins at the retail distribution level," he said



To: Diamond Jim who wrote (49278)2/23/1999 1:01:00 PM
From: Kenya AA  Respond to of 97611
 
Digital Display Working Group Delivers Final Draft of New Digital Visual Interface
Business Wire - February 23, 1999 12:16
Intel Developer Forum

PALM SPRINGS, Calif.--(BUSINESS WIRE)--Feb. 23, 1999--

Cooperative Effort by Compaq, Fujitsu, Hewlett Packard, IBM, Intel, NEC, and Silicon Image will Build Momentum for Digital Displays

The Digital Display Working Group (DDWG) has announced the completion of the Digital Visual Interface (DVI) specification for DDWG member final draft review.

The announcement was made today at the Intel Developer Forum (IDF). The DVI specification addresses the requirement for a common digital connectivity specification for digital displays and high-performance PCs while allowing for existing analog support. The DDWG, a cooperative effort lead by Intel, Compaq, Fujitsu, Hewlett Packard, IBM, NEC and Silicon Image defines a robust, comprehensive and extensible interface specification addressing protocol, electrical, and mechanical definitions.

"Today we are delighted to announce the final draft of the Digital Display Interface specification. This interface will allow OEMs to save costs by eliminating digital to analog conversion while enabling an new generation of digital displays with a sharper, more realistic image," said Pat Gelsinger, vice president of Intel's Desktop Products Group. "At IDF last September, we were pleased to announce the formation of Digital Display Working Group. This group set out to deliver a robust, comprehensive and extensible interface specification for digital display, today's announcement is the fruits of their work. This specification lays the groundwork for the eventual elimination of analog from the PC platform."

To date, several specifications and consortiums exist for digital displays, causing a confusing environment for system manufacturers and end users. The objective of the DDWG was to deliver a single industry specification that defines the interface between digital displays and high-performance PCs in order to eliminate the confusion. Silicon Image's PanelLink technology, which is the basis for Transition Minimized Differential Signaling (TMDS), will provide the technical basis for the working group's proposed interface specification.

By working together on completing the final draft of the Digital Visual Interface specification, members of the Digital Display Working Group hope to deliver a complete, open specification that will accelerate the adoption and implementation of high-quality digital displays on the PC platform, allowing for a better visual experience. The DDWG is looking to the participants of the working group for final review and input on the specification and expects to close the final specification by the first quarter of 1999.

"Silicon Image is thrilled with the collaborative delivery of the final draft of the DVI specification by an impressive list of industry players. This is a major milestone for the industry," said Scott Macomber, president of Silicon Image, "With the TMDS technology at the heart of the DVI specification, consumers and computer users worldwide will soon enjoy all-digital displays with the highest quality images at the lowest possible cost. We fully expect this standard to enable users of consumer electronics and computers to have true plug-and-play compatibility for a variety of displays well into the 21st century."

"As a leader in delivering Digital Flat Panel Displays, Compaq is pleased with the progress of the Digital Display Working Group to advance the next generation of digital display technology," said Laurie Frick, vice president, Compaq. "This new, robust industry specification for advanced digital and analog connectivity will enhance the end user's future PC experience while protecting their investments today with Digital Flat Panel Port (DFP) backwards compatibility. The inclusion of analog support will decrease system cost and increase performance through the accelerated removal of the VGA connector and eventually analog support altogether."

"Fujitsu is very excited to see an industry convergence to standardize on a single Digital Display interface. Completion of the Digital Visual Interface Specification is important to the PC industry and to PC users as it will enable interchangeable use of a wide variety of display technologies. The digital interface allows digital flat panel monitors to display at enhanced clarity over conventional analog interfaces. This is a great technological advancement that benefits consumers," said Koichi Inoue, general manager, Desktop Products Division, Fujitsu Limited. "Fujitsu is actively participating in driving and supporting the Digital Display Working Group activities and objectives."

"We are pleased to participate in the Digital Display Working Group," said Sylvain Sadier, R&D Manager at Hewlett Packard's Business Desktop Division. "This new extensible interface specification is continuing to help expand the PC end user connectivity path."

"IBM is pleased to participate in this working group to define a single converged monitor digital interface," said Kevin Barry, general manager, IBM Options and Monitors. "By basing the interface on the established TMDS technology as already defined in the VESA P&D standard, customers' investment in today's digital monitors, such as the IBM P&D versions of our 15" and 18" TFT LCD monitors, will be protected as the new DVI interface is adopted by the industry."

"NEC is honored to participate in the next evolution of the monitor to computer interface specification process," said K. Fujinami, senior manager, Strategic Technology Development Group. "NEC will continue our support of the development of this kind of open standard. The standardization of the digital display interface will be good for the industry and will benefit users who need compatibility between computers and displays."

"We are encouraged by the work the DDWG has done to provide the industry a video interface specification and Molex is very excited with the opportunity that the DDWG has presented us," said Liam McCarthy, President of Molex's DataComm Division. "We are anxious to develop the DVI connector based on Molex technology."

About the Digital Display Working Group

The Digital Display Working Group was formed last fall to define a universal industry standard for the digital interface between PCs, consumer electronic devices and digital displays. The DDWG is a cooperative effort by Intel (Nasdaq:INTC), Compaq (NYSE:CPQ), Fujitsu, Hewlett Packard (NYSE:HWP), IBM (NYSE:IBM), NEC and Silicon Image. DDWG membership information can be found at www.ddwg.org.

Note to Editors: All trademarks and registered trademarks are the property of their respective holders.

For more DDWG member information, contact: Administration@ddwg.org; www.ddwg.org

CONTACT: Roeder-Johnson
Paul Michelson/Abigail Johnson, 650/802-1850 (Press)
paul@roederj.com / abigail@roederj.com




To: Diamond Jim who wrote (49278)2/23/1999 1:16:00 PM
From: VICTORIA GATE, MD  Respond to of 97611
 
james d brady

re<yep, you said MOT looking good at 56, >

very very GOOD i did say MOT LOOK GOOD

VG