News release

Compaq's Newest Site in Colorado Sign of Things to Come from the Leader in Storage Technology

Louisville Team Focused on Enterprise Storage Software Development

Compaq Computer Corporation (NYSE: CPQ) officially announced the expansion of its Enterprise Storage Group with the opening of a new storage software development facility in Louisville, located in the Cole Creek Business Park. Initially, the 12,500 square-foot office will employ approximately 50 software engineers and support staff.

"The team we're building in Louisville will play a critical role in designing and testing some of Compaq's most innovative software products for managing storage systems and storage area networks," said Mark Lewis, Vice President, Enterprise Storage Software, Compaq Computer Corporation. "We are excited about the expansion of the Enterprise Storage Group operations, particularly with the location in Louisville. We know there is a concentration of talented professionals in the community."

As reliance on the Internet soars, the storage area network (SAN) market is expected to expand tenfold over five years, from $2.7 billion in 1998 to $27 billion in 2003 ⁽¹⁾. SANs provide the computing infrastructure for reliably and securely storing large volumes of information generated by business transactions, Web browsing and e-marketing. Compaq's Enterprise Storage Software develops software tools to simplify the management of storage resources.

The new office in Louisville will work closely with Compaq teams in Colorado Springs, Houston, Texas, and Shrewsbury, Mass., developing products in Compaq's SANworks and StorageWorks families.

Compaq in Colorado

Compaq Computer Corporation currently employs more than 2,100 Coloradoans at three facilities in the Colorado Springs/Boulder County area. Colorado Springs is the primary development site for Compaq's Enterprise Storage Group SANworks and StorageWorks product lines. In August 2000, Compaq unveiled its Enterprise Storage Customer Center, a 9,500 square foot facility in Colorado Springs dedicated to Open SAN interoperability testing and customer briefings. (For more information visit Compaq's Storage press room.)

About Compaq Enterprise Storage Group

Compaq Enterprise Storage, the number one open storage solutions supplier, is the industry leader in the development and delivery of the Open SAN. Recognized for its vision and ability to execute, Compaq Enterprise Storage Group is committed to simplifying the Open SAN through its Enterprise Network Storage Architecture (ENSA), which enables customers to efficiently manage complex, mixed storage environments. More information on Compaq StorageWorks and SANworks solutions is available at http://www.compaq.com/storage.

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing systems in the world. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs.

Compaq products and services are sold in more than 200 countries directly to businesses, through a network of authorized Compaq marketing partners, and directly to businesses and consumers through Compaq's e-commerce Web site at http://www.compaq.com. Compaq markets its products and services primarily to customers from the business, home, government, and education sectors. Customer support and information about Compaq and its products and services are available at http://www.compaq.com.

Associated Files

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