GlobalEdge From Compaq Financial Services Provides Multinational Customers With Efficient and Cost-Effective Solution for Acquiring and Managing Information Technology

CFS Solution Enables Global Customers to Streamline Management Of

Leased IT Assets to Reduce Total Cost of Ownership



Apr 24, 2001, 01:00 ET from Compaq Financial Services Corporation

    MURRAY HILL, N.J., April 24 /PRNewswire Interactive News Release/ --
 Compaq Financial Services Corporation, a wholly owned subsidiary of Compaq
 Computer Corporation (NYSE:   CPQ), today launched GlobalEdge -- an industry-
 first suite of offerings that enables multinational businesses to
 significantly streamline how they access and manage their IT investments
 around the world.
     "We've talked to our customers around the world, and have listened
 carefully to ensure we are aggressively building and deploying the
 capabilities they want and need," said Irv Rothman, president and chief
 executive officer of Compaq Financial Services (CFS).  "GlobalEdge speaks to
 the top three concerns of multinational businesses:  accountability,
 consistency in solutions -- including terms, conditions and pricing -- and the
 ability to implement and execute on a global basis."
     Through GlobalEdge, Compaq Financial Services (CFS) has taken a leadership
 role in the IT leasing industry by providing customers with the end-to-end
 services they need to acquire and manage their assets with the lowest total
 cost of ownership:
     Documentation:  A Global Master Lease and Financing Agreement (GMLFA)
 enables customers to negotiate and sign a global lease once, in one country,
 with additional country agreements managed through simple addenda.  For
 multinational customers, this means globally consistent terms & conditions,
 greater simplicity, and less negotiation time and effort.
     Pricing:  CFS offers customers a consistent pricing methodology globally,
 providing them with one pricing structure no matter where they install their
 Compaq technology.  This translates into much faster lease quotes, and pricing
 that reflects each customer's worldwide relationship with Compaq and CFS.
     Account Management:  Multinational businesses are increasingly looking for
 a single point of accountability when managing global needs.  CFS has created
 a dedicated Global Account team of highly trained professionals focused on
 meeting the unique needs of global customers.  Based on customer requirements,
 CFS will manage the global leasing centrally from one country, or in a
 decentralized customer model with separate but coordinated resources in each
 geography.  In addition, global customer care services are an integrated
 component of GlobalEdge, and include process integration, workflow mapping,
 and solution consulting -- all designed to make each customer's leasing
 experience smooth and simple.
     Technology Protection:  A single agreement protects customer IT assets
 around the world, including hardware repair/replacement services and disaster
 recovery.  With zero deductible, priority replacement of damaged equipment
 (with new technology) and efficient parts sourcing, CFS makes it simple for
 customers to ensure technology continuity during the lease term.
     Lifecycle Asset Management:  Compaq Financial Services helps customers
 maximize the value of their global IT investments from acquisition through
 disposal.  Global offerings include trade-ins, technology refreshes, asset
 recovery, logistics and transportation services and financial asset
 management.  According to Gartner Group analysts, "... asset management best
 practices will lower TCO and enable an enterprise to reap the strategic
 benefits of PC leasing."
     "GlobalEdge ties together the two core components of effective IT asset
 management-access to technology and efficient management of technology
 throughout its lifecycle," said Rothman.  "CFS operates in 41 countries,
 serving customers of all sizes in any number of industries.  It's critical
 that we offer real value to them, and deliver a truly integrated leasing and
 financial asset management solution that works seamlessly around the world."
 
     About Compaq Financial Services
     Compaq Financial Services Corporation, a wholly owned subsidiary of Compaq
 Computer Corporation, is the sole authorized provider of Compaq-branded
 financing.  The company serves the Americas from its world headquarters in
 Murray Hill, New Jersey, and operates from regional headquarters in Dublin,
 Ireland (for Europe, Middle East and Africa); and Sydney, Australia (for the
 Asia Pacific region).
     The company serves all of Compaq's individual and business customers,
 including consumers, small and mid-sized businesses, government agencies,
 educational institutions and large, multinational corporations.  Typical
 transactions range in size from $500 to $500 million dollars.  Additional
 information on CFS leasing and financial asset management programs is
 available at www.compaq.com/financialservices.
     Compaq and the Compaq logo Registered in U.S. Patent and Trademark Office.
 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:  market conditions, particularly in North America, increased
 competitive environment and pricing pressures, disruptions related to
 restructuring actions and delays in the implementation of changes in delivery
 models.  Further information on these factors and other 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 Quarterly Report on Form 10-Q, which will be filed shortly.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66687854
 
 

SOURCE Compaq Financial Services Corporation
    MURRAY HILL, N.J., April 24 /PRNewswire Interactive News Release/ --
 Compaq Financial Services Corporation, a wholly owned subsidiary of Compaq
 Computer Corporation (NYSE:   CPQ), today launched GlobalEdge -- an industry-
 first suite of offerings that enables multinational businesses to
 significantly streamline how they access and manage their IT investments
 around the world.
     "We've talked to our customers around the world, and have listened
 carefully to ensure we are aggressively building and deploying the
 capabilities they want and need," said Irv Rothman, president and chief
 executive officer of Compaq Financial Services (CFS).  "GlobalEdge speaks to
 the top three concerns of multinational businesses:  accountability,
 consistency in solutions -- including terms, conditions and pricing -- and the
 ability to implement and execute on a global basis."
     Through GlobalEdge, Compaq Financial Services (CFS) has taken a leadership
 role in the IT leasing industry by providing customers with the end-to-end
 services they need to acquire and manage their assets with the lowest total
 cost of ownership:
     Documentation:  A Global Master Lease and Financing Agreement (GMLFA)
 enables customers to negotiate and sign a global lease once, in one country,
 with additional country agreements managed through simple addenda.  For
 multinational customers, this means globally consistent terms & conditions,
 greater simplicity, and less negotiation time and effort.
     Pricing:  CFS offers customers a consistent pricing methodology globally,
 providing them with one pricing structure no matter where they install their
 Compaq technology.  This translates into much faster lease quotes, and pricing
 that reflects each customer's worldwide relationship with Compaq and CFS.
     Account Management:  Multinational businesses are increasingly looking for
 a single point of accountability when managing global needs.  CFS has created
 a dedicated Global Account team of highly trained professionals focused on
 meeting the unique needs of global customers.  Based on customer requirements,
 CFS will manage the global leasing centrally from one country, or in a
 decentralized customer model with separate but coordinated resources in each
 geography.  In addition, global customer care services are an integrated
 component of GlobalEdge, and include process integration, workflow mapping,
 and solution consulting -- all designed to make each customer's leasing
 experience smooth and simple.
     Technology Protection:  A single agreement protects customer IT assets
 around the world, including hardware repair/replacement services and disaster
 recovery.  With zero deductible, priority replacement of damaged equipment
 (with new technology) and efficient parts sourcing, CFS makes it simple for
 customers to ensure technology continuity during the lease term.
     Lifecycle Asset Management:  Compaq Financial Services helps customers
 maximize the value of their global IT investments from acquisition through
 disposal.  Global offerings include trade-ins, technology refreshes, asset
 recovery, logistics and transportation services and financial asset
 management.  According to Gartner Group analysts, "... asset management best
 practices will lower TCO and enable an enterprise to reap the strategic
 benefits of PC leasing."
     "GlobalEdge ties together the two core components of effective IT asset
 management-access to technology and efficient management of technology
 throughout its lifecycle," said Rothman.  "CFS operates in 41 countries,
 serving customers of all sizes in any number of industries.  It's critical
 that we offer real value to them, and deliver a truly integrated leasing and
 financial asset management solution that works seamlessly around the world."
 
     About Compaq Financial Services
     Compaq Financial Services Corporation, a wholly owned subsidiary of Compaq
 Computer Corporation, is the sole authorized provider of Compaq-branded
 financing.  The company serves the Americas from its world headquarters in
 Murray Hill, New Jersey, and operates from regional headquarters in Dublin,
 Ireland (for Europe, Middle East and Africa); and Sydney, Australia (for the
 Asia Pacific region).
     The company serves all of Compaq's individual and business customers,
 including consumers, small and mid-sized businesses, government agencies,
 educational institutions and large, multinational corporations.  Typical
 transactions range in size from $500 to $500 million dollars.  Additional
 information on CFS leasing and financial asset management programs is
 available at www.compaq.com/financialservices.
     Compaq and the Compaq logo Registered in U.S. Patent and Trademark Office.
 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:  market conditions, particularly in North America, increased
 competitive environment and pricing pressures, disruptions related to
 restructuring actions and delays in the implementation of changes in delivery
 models.  Further information on these factors and other 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 Quarterly Report on Form 10-Q, which will be filed shortly.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66687854
 
 SOURCE  Compaq Financial Services Corporation