Message-ID: <33477724.1075845194033.JavaMail.evans@thyme> Date: Wed, 6 Jun 2001 07:22:10 -0700 (PDT) From: elizabeth.davis@compaq.com To: houirtreas@compaq.com Subject: Financial Analysts' Reports for 6.06.01 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Davis, Elizabeth" @ENRON X-To: HOU IR Treas X-cc: X-bcc: X-Folder: \Lay, Kenneth\Lay, Kenneth\Inbox X-Origin: LAY-K X-FileName: Lay, Kenneth.pst Please open the attached file to read the complete text of the following items: 08:41AM EDT 6-JUN-01 A.G. EDWARDS (MILLER, BRETT) CPQ WEAKNESS SPREADS &2ND HALF RAMP APPEARS UNLIKELY THEREFORE TAKING NUMBERS LOWER 06:54AM EDT 6-JUN-01 GOLDMAN SACHS (CONIGLIARO) IBM IBM`S SEMIS GRP SHD SEE STRONG GROWTH & EXPANDING MGNS GOING FORWARD 07:45AM EDT 6-JUN-01 SG COWEN SECURITIES INC. (MOSHE KATRI) CSC CSC/VALUATION REMAINS COMPELLING DESPITE RECENT MULTIPLE EXPANSION/BUY 08:03AM EDT 6-JUN-01 GOLDMAN SACHS (CONIGLIARO) SUNW NT ISSUES ASIDE, SUN`S MISSTEPS ARE FIXABLE W/ SIGNS THE WORST MAY HAVE PASSED 08:52AM EDT 6-JUN-01 MERRILL LYNCH (M.TECH GROUP) ALA DCTM HWP TECHNOLOGY:ML TECH BITS & BYTES 6.6AM <<6.06.01 Analyst Reports.doc>> The analyst reports provided are reports prepared by independent analysts who monitor and track Compaq's performance. These reports are not prepared by or at the direction of Compaq and as a result, Compaq is not endorsing or verifying the information contained in these reports or endorsing any of these analysts. These reports are being provided solely for business reasons and as a result, do not distribute these reports to other individuals outside of Compaq. If other individuals are interested in receiving the reports provided herein, please contact Elizabeth Davis in Compaq's Investor Relations Department at elizabeth.davis@compaq.com. Elizabeth Davis Compaq - Investor Relations Research Analyst 281-518-4289 - 6.06.01 Analyst Reports.doc