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Ericsson Expands Services Relationship with Compaq in Sweden
HOUSTON Dec. 20, 2001
Compaq Computer Corporation (NYSE: CPQ) today announced that global telecommunications leader Ericsson has expanded its existing contract with Compaq through an extended service agreement in Sweden. For the next five years, Compaq will manage Ericsson's existing IT resources and provide additional Compaq Computing on Demand services at an increased number of Ericsson sites in Sweden. The extension is worth a total of US $200 million. Computing on Demand combines Compaq's strengths in technology-servers, storage, wireless handheld devices, and PCs-with Compaq Global Services architecture, management, and support capabilities, giving enterprise customers increased flexibility and control over the design, management, and cost of their IT infrastructure.
Compaq will take responsibility for a significant part of Ericsson's IT infrastructure including asset management of hardware, services, operations and support of PC workstations and printers at Ericsson sites in Sweden, including the company headquarters. The contract also includes associated financial services provided by Compaq Financial Services, a Compaq subsidiary. "More and more global companies such as Ericsson are taking advantage of Compaq's strength and broad leadership in complete IT management," said Peter Blackmore, executive vice president, Sales and Services, Compaq Computer Corporation. "Compaq's Computing on Demand solutions offer just the right blend of hardware and services to provide customers the flexibility and cost efficiency so essential in today's economy, and more importantly, the ability to focus on their core business."
About Compaq
Founded in 1982, Compaq Computer Corporation 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:
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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