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Compaq Expands Mobile Lineup With New Wireless-Ready, Mobile Intel® Pentium® 4 Processor - M Powered Evo and Presario Notebooks

Evo Notebook N800 Series to Offer Both Mainstream and Corporate Models to Meet Needs of All Business Users

HOUSTON, April 23, 2002

Continuing its commitment to offer the widest range and greatest depth of mobile products available to the marketplace, Compaq Computer Corporation (NYSE: CPQ) today announced several new wireless-ready Evo and Presario notebook computers.

The sleek, new Presario 2800, Evo Notebook N800v and Evo Notebook N800c all feature the power of the mobile Intel® Pentium® 4 processor-M, as well as the performance of Compaq's innovative MultiPort wireless solution to provide customers the mobile freedom to stay connected to their information anytime, anywhere.

Recognized as the most innovative wireless solution on the market(1), MultiPort provides users the convenience to access the Internet or their enterprise network without cables. Available in either an 802.11b or Bluetooth module, MultiPort provides mobile users with greater performance than traditional wireless PC cards, as well as increased flexibility for upgrades and expansion.

Presario 2800

With a sleek, eye-catching mobile design, the powerful new Presario 2800 delivers the latest notebook technologies in a style that can easily meet the needs of any mobile users. The magnesium-enforced notebook weighs less than 5.6 pounds and measures only 1.3" thin, yet this thin-and-light design still delivers integrated wireless communications(2), outstanding multimedia performance and the very latest in mobile technologies at a starting price of only $1,399(3).

The Presario 2800 offers the widest range of powerful mobile Intel Pentium 4 processors - M with speeds ranging from 1.4 GHz to 1.8GHz. It adds advanced mobile technologies such as ATI's Mobility Radeon 7500 graphics controller (with up to 64 MB memory) to provide stunning 3D graphics capabilities, as well as a large 15" TFT display (with up to UXGA resolution) to allow users to view DVD movies, open multiple windows or deliver stunning, crisp, clear graphics and presentations.

Additional features include: High-speed USB 2.0 connectivity, large capacity hard drives (up to 60 GB) and various MultiBay optical drives including DVD/CD-RW combo drive.

To get detailed specifications and additional product information or to purchase a new Presario 2800 go to http://www.compaq.com/athome/2800, call 1-800-888-0220 or visit any Compaq Built For You kiosk located in more than 10,000 popular retail stores.

Evo Notebook N800 Series

Designed for businesses that demand reliability and stability with leading-edge performance, the new Evo N800 series packs the power of the new mobile Intel Pentium 4 processor - M in a slim 1.3" thin design that weighs less than 5.6 pounds. Available in either a corporate/enterprise (c) or mainstream (v) version, the Evo N800 series includes the most advanced portable product features in the marketplace.

The Evo "c" class of product was designed to meet the needs of the enterprise customer and offers unsurpassed commonality, consistency and compatibility. The products will have up to 12 month life cycles to support customer deployment activities, as well as share the highest level of commonality via common options, with new simplified common docking solutions, MultiBay and software images. "c" class also offers the highest level of customer support including a standard three year warranty, free software support for the lifetime of the warranty and a designated commercial call center. The "c" class will also offer a combination touch pad/pointstick.

The Evo "v" class of product was developed to meet the needs of the mainstream business notebook users, including small and medium-sized business. This class of product provides excellent value and will have a moderate life cycle of up to six months, standard one year warranty and features a dedicated support call center.

Innovative features common to the entire Evo N800 series include: Dual battery support via the MultiBay battery to provide more than seven hours of battery life; mobile Intel Pentium 4 processor - M with speeds up to 1.8 GHz; ATI Mobility Radeon 7500 graphics controller (with up to 64 MB memory); and choice of up to a 15" UXGA display.

Additional product features and information for the Evo N800v and Evo N800c products can be found at www.compaq.com/products/notebooks. The Evo N800 series is expected to be available in May with prices starting at $1,959.

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 Andy Seybold's Outlook 4Mobility—Most Innovative Wireless Enabled Notebook Computer, Nov. 2001
2 Integrated wireless is an option on most models and is not a standard feature.
3 After $50 instant rebate. Based on estimated U.S. selling prices. Reseller prices may vary

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 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 for the fiscal year ended October 31, 2001, and subsequently filed reports and HP's registration statement on Form S-4 filed on February 5, 2002). 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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