Message-ID: <16459664.1075845192635.JavaMail.evans@thyme> Date: Mon, 4 Jun 2001 07:24:26 -0700 (PDT) From: elizabeth.davis@compaq.com To: houirtreas@compaq.com Subject: Financial Analysts' Reports for 6.04.01 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: 09:11AM EDT 4-JUN-01 MORGAN STANLEY/DW (MUNSON, GILLIAN) EMC EMC CORP.: BANTER ON A BUDGET-WITH EMC 08:24AM EDT 4-JUN-01 MERRILL LYNCH (S.FORTUNA) CPQ AAPL DELL COMPAQ COMPUTER:COMPAQ FIELD TRIP HIGHLIGHTS 07:14AM EDT 4-JUN-01 SALOMON SMITH BARNEY (RICHARD GARDNER) CPQ CPQ: REDUCING REVENUE ESTIMATES; REITERATE 3H 07:02AM EDT 4-JUN-01 PRUDENTIAL SECURITIES (K.ALEXY) AAPL CPQ CMP WEEKLY INDEX OF PC AND ENTERPRISE HARDWARE, PC CHANNEL, AND DATA STORAGE STOCKS 04:35AM EDT 4-JUN-01 J.P. MORGAN (WALTER J. WINNITZKI) CPQ AAPL DELL CPQ: REDUCING ESTIMATES DUE TO ADVERSE INDUSTRY CONDITIONS 09:35AM EDT 4-JUN-01 WIT SOUNDVIEW (GARY HELMIG) IBM IBM (IBM) COMPANY UPDATE JUNE 4, 2001 HWP: EXPECT CAUTIOUS OUTLOOK AT JUNE 6 ANALYST MEETING 09:42AM EDT 4-JUN-01 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP <<6.04.01 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 - 6.04.01 Analyst Reports.doc