Message-ID: <18274255.1075852814562.JavaMail.evans@thyme> Date: Fri, 21 Sep 2001 07:04:52 -0700 (PDT) From: elizabeth.davis@compaq.com To: houirtreas@compaq.com Subject: Financial Analysts' Reports for 9.21.01 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: \KLAY (Non-Privileged)\Inbox X-Origin: Lay-K X-FileName: KLAY (Non-Privileged).pst Please open the attached file to read the complete text of the following items: 06:11AM EDT 21-SEP-01 UBS WARBURG (US) (YOUNG, DON) PALM AAPL PALM: CHANNEL INVENTORIES IMPROVE BUT SALES SLACKEN 08:29AM EDT 21-SEP-01 BEAR STEARNS (J. NEFF/BOBBA/HAND) HWP EMC EMC: FIRST OF MANY PREANNOUNCEMENTS TO COME 08:31AM EDT 21-SEP-01 SG COWEN SECURITIES INC. (RICHARD CHU) AAPL COMPUTER SYSTEMS/STORAGE STOCKS 09:31AM EDT 21-SEP-01 SOUNDVIEW TECHNOLOGY CORP. (GARY HELMIG) IBM IBM (IBM) COMPANY UPDATE SEPTEMBER 21, 2001 07:56AM EDT 21-SEP-01 ABN AMRO INC. (CIHRA,ROBERT) AAPL CPQ DELL DRIVING THROUGH A FOG; LOWERING PC MARKET FORECAST 08:15AM EDT 21-SEP-01 GERARD KLAUER MATTISON & CO. (BAILEY, D.) EMC EMC--SUNW--IT SPENDING STALLS; LOWERING ESTS. <<9.21.01 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 - 9.21.01 Analyst Reports.doc