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Compaq Shines Bright with New iPAQ MP4800

Lightweight, Full-Feature, 2000-Lumen Projector Continues Compaq's Award-Winning Tradition of Microportable Projectors

HOUSTON, March 13, 2002

Compaq Computer Corporation (NYSE: CPQ) today announced the brightest microportable projector in the industry, the Compaq iPAQ Microportable Projector MP4800. Weighing only 6.0 pounds and yet delivering more than 2000 lumens of brightness, the iPAQ MP4800 is the perfect projector for making critical boardroom presentations.

Created by the same team recognized(1) in both North America and Europe for the design work on previous generation Compaq Microportable projectors, the new iPAQ MP4800 delivers the highest performance available in any microportable projector with a style that will compliment any conference room.

The iPAQ MP4800 utilizes Digital Light Processing (DLP) to deliver bright, crisp XGA-resolution (1024 X 768) images and a superior 800:1 contrast ratio. Mobile users needing to incorporate multimedia into their presentations will find the iPAQ MP4800 includes integrated audio, video, stereo sound and High-Definition TV support.

The iPAQ MP4800 delivers all this performance in a style that adapts to any conference room. The ultra-quiet unit operates at less than 36 decibels, while the versatile form factor can be used as a tabletop projector, set on a tripod or mounted to the boardroom ceiling. The unit also features a Lamp-Saver mode, which can extend bulb life up to 50 percent and lower the noise output to 34 decibels, yet still deliver up to 1600 lumens of brightness.

The iPAQ MP4800 is backed by a two-year worldwide warranty and features Compaq's Advance Unit Replacement program. In North America, Europe and Asia Pacific, the Advanced Unit Replacement program offers a new or "like new" replacement of a defective unit in 48 hours during the two-year warranty period.

Pricing for the MP4800 starts at $4,499. Additional information can be found at http://www.compaq.com/products/projectors/.

Company Background

Founded in 1982, Compaq Computer Corporation is a leading global provider of information technology products, services and solutions for enterprise customers. Compaq designs, develops, manufactures and markets information technology equipment, software, services and solutions, including industry-leading enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, personal desktop and notebook computers, and personal entertainment and Internet access devices that are sold in more than 200 countries directly and through a network of authorized Compaq marketing partners. Information on Compaq and its products and services is available at http://www.compaq.com.


Notes:

1 IDSA/Business Week, Gold Industrial Design Excellence Award 2001; CeBit-Industrie Forum Design Hannover "Best of Category" 2000.

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 document contains 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, 2001, HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, 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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