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Compaq and QUALCOMM Showcase Next Generation 3G Wireless Solution at CDG World Congress

SAN DIEGO, November 1, 2001

Compaq Computer Corporation (NYSE: CPQ) and QUALCOMM Inc. (Nasdaq: QCOM) continued to prove their leadership and commitment to high-speed wireless data solutions by demonstrating next generation (3G) wireless multimedia data services today at the CDG World Congress in San Diego.

Using a Compaq Evo Notebook N600c and 1xEV-DO Compaq MultiPort Module, the companies showcased advanced wireless data services such as wireless Web browsing, mobile e-mail and video streaming all at speeds of up to 2.4 Mbps. The 1xEV-DO Compaq MultiPort Module delivers on both companies' shared vision of enabling high-speed wireless data anytime, anywhere.

"Demonstrating the 1xEV-DO Compaq MultiPort Module at the CDG World Congress is an important milestone in realizing a vision for pervasive high-speed wireless data," stated Kevin Frost, vice president of mobile products business, Compaq Access Business Group. "The Compaq MultiPort design provides a superior platform on which to integrate next generation wireless technology as proven by today's demonstration with QUALCOMM."

The two companies will continue to work together to make 1xEV-DO enabled Compaq notebooks available for use in upcoming network field trials.

"Compaq's MultiPort design provides superior performance and flexibility for integrating wireless capabilities such as 1xEV-DO into a notebook computer," stated Barbara Noerenberg, vice president of program management for QUALCOMM. "This demo pairs industry leading QUALCOMM 3G technology with industry leading notebooks from Compaq that have been optimized for integrated high-speed wireless data."

The demonstration used the Compaq Evo Notebook N600c, one of the latest additions to the Compaq Evo line of notebooks PCs. The Evo Notebook N600c features up to a 1.2 GHz -M Mobile Intel Pentium III-M processor, ATI Mobility Radeon graphics adapter with 32MB of DDR (double data rate) SDRAM memory, 14.1" SXGA+ TFT display and high performance DVD/CD-RW optical drives.

Additional information on the Compaq Evo N600c can be found at http://www.compaq.com/products/notebooks/n600/.

QUALCOMM Background

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless™ (BREW™) applications platform; Eudora®e-mail software; digital cinema systems; satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. QUALCOMM owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2001 FORTUNE 500®company traded on The Nasdaq Stock Market®under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements (including without limitation, express and/or implied statements regarding the development of the 1xEV-DO Compaq MultiPort Module and the expected market for the module) that are subject to risks and uncertainties, including the Company's ability to successfully design and develop the module, the level of acceptance of the module in the marketplace, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 24, 2000, and most recent Form 10-Q.

Company Background

Founded in 1982, Compaq Computer Corporation ("Compaq") is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries. Information on Compaq and its products and services is available at http://www.compaq.com.


Notes:

QUALCOMM, OmniTRACS, OmniExpress and Eudora are registered trademarks of QUALCOMM Incorporated. BREW is a trademark of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. Compaq and the Compaq logo are trademarks of Compaq Information Technologies Group, L.P. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

This news release may contain forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the Hewlett-Packard/Compaq merger does not close or that the companies may be required to modify aspects of the transaction to achieve regulatory approval or that prior to the closing of the proposed merger, the businesses of the companies suffer due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Compaq and Hewlett-Packard are unable to transition customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Compaq and Hewlett-Packard's Securities and Exchange Commission reports (including but not limited to Compaq's annual report on Form 10-K for the year ended December 31, 2000, HP's annual report on Form 10-K for the year ended October 31, 2000, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Compaq's results could differ materially from Compaq's expectations in these statements. Compaq assumes no obligation and does not intend to update these forward-looking statements.

 


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