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Compaq Declares Regular Dividend

HOUSTON, June 11, 2001

The Board of Directors of Compaq Computer Corporation (NYSE: CPQ) has declared a $0.025 per share quarterly dividend on the company's common stock. The dividend is payable on July 20, 2001 to shareholders of record on June 29, 2001.

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. 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 that are sold in more than 200 countries. Information on Compaq and its products and services is available at http://www.compaq.com.


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