Compaq Named Preferred Technology Provider for E*TRADE Center Opening Today In New York City

Apr 04, 2001, 01:00 ET from Compaq Computer Corporation

    HOUSTON, April 4 /PRNewswire/ -- Compaq Computer Corporation (NYSE:   CPQ)
 today announced that it has partnered with E*TRADE Group, Inc. (NYSE:   ET) to
 provide technology investments, as well as to supply enterprise infrastructure
 hardware for the new E*TRADE Center located at 540 Madison Avenue.
     From desktop computers to high-speed servers capable of processing
 millions of transactions per minute, E*TRADE's innovative financial services
 center prominently features top-of-the-line technology and infrastructure
 powered by Compaq.  In addition to E*TRADE Center in New York, Compaq also
 provides enterprise solutions to facilitate the computing environment
 necessary to meet the high demands of E*TRADE's growing business in E*TRADE's
 facilities in Alpharetta, GA and Rancho Cordova, CA.
     "We are very excited about our partnership with E*TRADE and view our
 involvement in their new facility in New York as a proof-point of their
 confidence in Compaq," said Leigh Morrison, vice-president of enterprise
 sales, Compaq Computer Corporation.  "This affirmation of our capabilities
 demonstrates how we are developing innovative products, integrating them into
 solutions, and delivering them globally."
     Compaq offers financial institutions the capability to perform any
 transaction -- anywhere, anytime -- through innovative products and bundled
 end-to-end solutions based on best-of-class partnerships and superior
 services.  Last year, E*TRADE purchased several Compaq products such as Alpha-
 based hardware and storage, including new GS series servers and a contract for
 round-the-clock services support.
     "E*TRADE Center is designed to deliver a richer educational experience for
 our customers and through our partnership with Compaq, we are able to offer
 investors simple access to technology that is essential for making important
 financial decisions," said Michael Sievert, chief sales and marketing officer
 at E*TRADE Group, Inc.  "Compaq's involvement in our New York facility
 illustrates our belief in Compaq's ability to provide high-quality products
 that assist us in delivering added value to our more than three million
 accounts worldwide."
     Compaq is the leader in providing technology solutions for the financial
 services industry. In addition to powering E*TRADE, Compaq technology powers
 Nasdaq, 14 of the 15 largest stock exchanges in the world, 75 percent of the
 world's 100 largest electronic funds transfer networks, 95 percent of the
 world's securities transactions, 80 percent of all automated teller machines,
 and 66 percent of all credit card transactions.
 
     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.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure.  In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Hong Kong, Korea, Japan, New Zealand, Norway, South Africa, Sweden,
 and the U.K., through branded web sites.  E*TRADE Securities, Incorporated
 (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc., have offices
 in Northern California and in other major business centers in the U.S. and
 worldwide.  E*TRADE and the E*TRADE logo are registered trademarks of E*TRADE
 Securities, Inc.  System response and account access time may vary due to
 market conditions, trading volume, system performance and other factors.
 
     Notes:
     Compaq and the Compaq logo Registered U.S. Patent and Trademark Office.
 Product names mentioned herein may be trademarks and/or registered trademarks
 of their respective companies.  This press release may contain forward-looking
 statements based on current expectations that involve a number of risks and
 uncertainties.  The potential risks and uncertainties that could cause actual
 results to differ materially include: component shortages, delays in the
 implementation of changes in delivery models, increased competitive
 environment and pricing pressures, delays in product rollout schedules, slow
 acceptance for new form factors, employee retention, disruptions related to
 restructuring actions, the financial condition of resellers, delays in new
 systems implementation, operational inefficiencies related to sales cycles,
 equity investment volatility, and emerging market political or economic
 instability.  Further information on the factors that could affect Compaq's
 financial results is included in Compaq's Securities and Exchange Commission
 (SEC) filings, including the latest Annual Report on Form 10-K and the latest
 quarterly report on Form 10-Q.
 
 

SOURCE Compaq Computer Corporation
    HOUSTON, April 4 /PRNewswire/ -- Compaq Computer Corporation (NYSE:   CPQ)
 today announced that it has partnered with E*TRADE Group, Inc. (NYSE:   ET) to
 provide technology investments, as well as to supply enterprise infrastructure
 hardware for the new E*TRADE Center located at 540 Madison Avenue.
     From desktop computers to high-speed servers capable of processing
 millions of transactions per minute, E*TRADE's innovative financial services
 center prominently features top-of-the-line technology and infrastructure
 powered by Compaq.  In addition to E*TRADE Center in New York, Compaq also
 provides enterprise solutions to facilitate the computing environment
 necessary to meet the high demands of E*TRADE's growing business in E*TRADE's
 facilities in Alpharetta, GA and Rancho Cordova, CA.
     "We are very excited about our partnership with E*TRADE and view our
 involvement in their new facility in New York as a proof-point of their
 confidence in Compaq," said Leigh Morrison, vice-president of enterprise
 sales, Compaq Computer Corporation.  "This affirmation of our capabilities
 demonstrates how we are developing innovative products, integrating them into
 solutions, and delivering them globally."
     Compaq offers financial institutions the capability to perform any
 transaction -- anywhere, anytime -- through innovative products and bundled
 end-to-end solutions based on best-of-class partnerships and superior
 services.  Last year, E*TRADE purchased several Compaq products such as Alpha-
 based hardware and storage, including new GS series servers and a contract for
 round-the-clock services support.
     "E*TRADE Center is designed to deliver a richer educational experience for
 our customers and through our partnership with Compaq, we are able to offer
 investors simple access to technology that is essential for making important
 financial decisions," said Michael Sievert, chief sales and marketing officer
 at E*TRADE Group, Inc.  "Compaq's involvement in our New York facility
 illustrates our belief in Compaq's ability to provide high-quality products
 that assist us in delivering added value to our more than three million
 accounts worldwide."
     Compaq is the leader in providing technology solutions for the financial
 services industry. In addition to powering E*TRADE, Compaq technology powers
 Nasdaq, 14 of the 15 largest stock exchanges in the world, 75 percent of the
 world's 100 largest electronic funds transfer networks, 95 percent of the
 world's securities transactions, 80 percent of all automated teller machines,
 and 66 percent of all credit card transactions.
 
     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.
 
     About E*TRADE
     E*TRADE is a global leader in online personal financial services, offering
 value-added investing, banking and research features, premium customer service
 and a redundant, proprietary Stateless Architecture(R) infrastructure.  In
 addition to the U.S., E*TRADE presently serves customers in Australia, Canada,
 Denmark, Hong Kong, Korea, Japan, New Zealand, Norway, South Africa, Sweden,
 and the U.K., through branded web sites.  E*TRADE Securities, Incorporated
 (Member NASD/SIPC), and its parent company, E*TRADE Group, Inc., have offices
 in Northern California and in other major business centers in the U.S. and
 worldwide.  E*TRADE and the E*TRADE logo are registered trademarks of E*TRADE
 Securities, Inc.  System response and account access time may vary due to
 market conditions, trading volume, system performance and other factors.
 
     Notes:
     Compaq and the Compaq logo Registered U.S. Patent and Trademark Office.
 Product names mentioned herein may be trademarks and/or registered trademarks
 of their respective companies.  This press release may contain forward-looking
 statements based on current expectations that involve a number of risks and
 uncertainties.  The potential risks and uncertainties that could cause actual
 results to differ materially include: component shortages, delays in the
 implementation of changes in delivery models, increased competitive
 environment and pricing pressures, delays in product rollout schedules, slow
 acceptance for new form factors, employee retention, disruptions related to
 restructuring actions, the financial condition of resellers, delays in new
 systems implementation, operational inefficiencies related to sales cycles,
 equity investment volatility, and emerging market political or economic
 instability.  Further information on the factors that could affect Compaq's
 financial results is included in Compaq's Securities and Exchange Commission
 (SEC) filings, including the latest Annual Report on Form 10-K and the latest
 quarterly report on Form 10-Q.
 
 SOURCE  Compaq Computer Corporation