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Compaq announces 13% price cuts


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Compaq announces 13% price cuts on average for notebooks, desktops and workstations

Auckland, 23 February, 2001. - Compaq Computer New Zealand today announced price reductions for notebook, desktop and workstation computers which last year increased in price with the falling New Zealand dollar.

List price reductions averaging 13 per cent were announced for each of the Armada notebook, Deskpro desktop computer, and Workstation ranges. Product Marketing Managers Paull Wilson and Craig Stokes said the recent strengthening of the New Zealand dollar had enabled Compaq to pass on reduced component costs to customers.

It is believed Compaq is the first computer hardware vendor to price reductions this year. The company last year held prices on some products while the dollar movement forced adjustments across the industry. The price cuts take affect immediately.

ENDS

Compaq Background Compaq Computer Corporation, a Fortune Global 100 company, is the largest supplier of computing systems in the world. 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. Compaq products and services are sold in more than 200 countries directly to businesses, through a network of authorised Compaq marketing partners. Compaq markets its products and services primarily to customers from the business, home, government, and education sectors. Customer support and information about Compaq and its products and services are available at http://www.compaq.co.nz

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 financial discussion contains 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: delays in the implementation of changes in delivery models, component shortages, increased competitive environment and pricing pressures, delays in product rollout schedules, slow acceptance for new form factors, changes in product, customer and geographic sales mix, employee retention, the financial condition of resellers, delays in new systems implementation, operational inefficiencies related to sales cycles, equity investment volatility, emerging market political or economic instability and disruptions related to restructuring actions. 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.

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