Message-ID: <25513247.1075840221982.JavaMail.evans@thyme> Date: Thu, 9 Nov 2000 00:53:00 -0800 (PST) From: elizabeth.davis@compaq.com To: houirtreas@compaq.com Subject: Financial Analysts' Reports for 11.09.00 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Davis, Elizabeth" X-To: HOU IR Treas X-cc: X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\All documents X-Origin: LAY-K X-FileName: klay.nsf Please open the attached file to read the complete text of the following items: 08:04AM EST 9-NOV-00 UBS WARBURG (US) (YOUNG, DON) HWP IBM CPQ G PCS: COMMERCIAL IMPROVING - RETAIL FADING 06:15AM EST 9-NOV-00 UBS WARBURG (US) (YOUNG, DON) IBM AAPL CTXS IBM: PROFITABILITY--YES, MARKET SHARE--NO 11:12PM EST 8-NOV-00 BOFA MONTGOMERY (KING, KURTIS R) DELL CPQ HWP DELL: DELL REPORTS FY 3Q TONIGHT; WE'LL BE LOOKING FOR REASONS TO STAY BULLISH 04:29PM EST 8-NOV-00 CIBC WORLD MARKETS CORP. (STEVE PUCKOWITZ) INDUSTRY: WINSTAR CONVERTIBLES 09:00PM EST 8-NOV-00 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP HWP: 4Q00 EPS EXPECTED SOLID <<11.09.00 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 - 11.09.00 Analyst Reports.doc