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

To: Howard Feinstein who wrote (55804)	4/6/1999 1:59:00 PM
From: Night Writer	Respond to of 97611

Compaq Misled Investors According to Class Action Suit Filed by Weinstein Kitchenoff Scarlato & Goldman Ltd. and Caddell & Chapman PHILADELPHIA, April 6 /PRNewswire/ -- Weinstein Kitchenoff Scarlato & Goldman Ltd. and Caddell & Chapman announce that a class action lawsuit has been commenced on behalf of persons who purchased shares of Compaq Computer Corporation ("Compaq") (NYSE: CPQ) common stock and options between January 27, 1999 and February 25, 1999 (the "Class Period"). The lawsuit has been commenced in the United States District Court for the Southern District of Texas. It charges Compaq, its President and Chief Executive Officer, Eckhard Pfeiffer, and its Chief Financial Officer, Earl L. Mason, with violating the federal securities laws by misrepresenting and/or failing to disclose material information regarding a slowdown in sales of Compaq products in certain market sectors in North America and Europe. It alleges that despite the known slowdown in sales, defendants repeatedly made statements to the market, directly and through securities analysts, that demand for Compaq's products and services remained strong. It further alleges defendants' violations of law caused the price of Compaq stock to be artificially inflated during the Class Period. When Compaq belatedly revealed the sales slowdown, the price of Compaq shares plummeted. Investors who purchased shares of Compaq common stock during the Class Period have been damaged by defendants' wrongful conduct. However, Mr. Mason and other Compaq executives benefited by selling hundreds of thousands of their personal Compaq shares just prior to the revelation of the sales slowdown. The attorneys at Weinstein Kitchenoff Scarlato & Goldman Ltd. of Philadelphia, PA, have up to 25 years' experience representing defrauded investors in class actions in courts throughout the United States, and have achieved recoveries on behalf of investors, consumers and other victims of unlawful conduct totaling more than $1 billion. Houston's Caddell and Chapman has represented plaintiffs in complex litigation across the United States for fifteen years, and has obtained more than 30 recoveries in excess of $1 million in the last 10 years, totaling more than $1.1 billion, including several national class actions. If you purchased Compaq common stock between January 27, 1999 and February 25, 1999, and if you meet certain other legal requirements, you may, not later than 60 days from March 12, 1999, seek to serve as a lead plaintiff in the action. If you wish to discuss this lawsuit, or have any questions concerning this notice or your rights or interests, please contact either Mark Goldman, Esquire, or Paul Scarlato, Esquire at 215-545-7200 or by e-mail to msgoldman@wksg.com, or pscarlato@wksg.com, or Michael Caddell at 713-751-0400, or by e-mail at caddel1331@aol.com. SOURCE Weinstein Kitchenoff Scarlato & Goldman Ltd.; Caddell and Chapman -0- 04/06/99 /CONTACT: Mark Goldman, Esquire, or Paul Scarlato, Esquire, of Weinstein Kitchenoff Scarlato & Goldman Ltd., 215-545-7200, or msgoldman@wksg.com, or pscarlato@wksg.com; or Michael Caddell of Caddell and Chapman, 713-751-0400, or caddel1331@aol.com/ (CPQ) CO: Weinstein Kitchenoff Scarlato & Goldman Ltd.; Caddell and Chapman; Compaq Computer Corporation ST: Pennsylvania, Texas IN: CPR SU: LAW