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

To: P P Bravo who wrote (57600)	4/13/1999 1:59:00 PM
From: P P Bravo	Respond to of 97611

Tuesday April 13, 1:18 pm Eastern Time Company Press Release SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP Class Counsel Intend to Expand Class Period Following Compaq's Announcement Preliminary First Quarter Results NEW YORK, April 13 /PRNewswire/ -- Class Counsel in the securities class action litigation involving Compaq Computer Corporation (NYSE: CPQ - news; ''Compaq'' or the ''Company''), which was filed in early March 1999, intend to extend the class period in an amended complaint. The extended class period will be January 27, 1999 through April 9, 1999. On April 9, 1999 Compaq announced that its earnings for the first fiscal quarter, the three-month period ended March 31, 1999, would be below analyst consensus estimates by a shocking 50%. Following this announcement, Compaq shares plummeted over 22% in value on volume of over 100 million shares. The amended complaint will allege that Compaq issued a series of materially false and misleading statements concerning the demand for the Company's products and its future prospects during the expanded class period. If you purchased Compaq securities during the period described above, you may contact Class Counsel to serve as a representative of the class, if you so choose. In order to serve as a class representative, however, you must meet certain legal requirements. The action filed by Class Counsel in March 1999 charged Compaq with violations of the Federal Securities Laws and alleged that the Company had misrepresented and failed to disclose material adverse facts concerning the Company's financial performance. Prior to the disclosure of these adverse facts, certain insiders profited by selling shares to the public at artificially inflated prices. If you wish to discuss these actions or have any questions concerning this notice or your rights or interests with respect to these matters, please contact, at Milberg Weiss Bershad Hynes & Lerach (''Milberg Weiss''), Steven G. Schulman or Samuel H. Rudman, One Pennsylvania Plaza, 49th Floor, New York, New York 10119-0165, by telephone 800-320-5081 or via e-mail: endfraud@mwbhl.com or visit the firm's website at milberg.com. CONTACT: Milberg Weiss Bershad Hynes & Lerach LLP Shareholder Relations Dept. E-Mail: endfraud@mwbhl.com. 800-320-5081 SOURCE: Milberg Weiss Bershad Hynes & Lerach LLP