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P R E S S   R E L E A S E

Compaq Introduces World's Smallest Projector

Sleek, Lightweight Compaq MP2800 Simplifies Travel for 'Road Warriors' and Mobile Professionals

LAS VEGAS, November 13, 2000 - Compaq Computer Corporation (NYSE: CPQ) today simplified travel for 'road warriors' and mobile professionals with the introduction of the world's smallest projector, the Compaq MP2800. Traveling business people around the world can now focus their time and energy on business needs, and not worry about transporting a large, heavy projector to their next meeting or presentation.

Roughly the size of a day planner, the aggressively-priced MP2800 weighs just 3 pounds and stands as the world's smallest projector at 118 cubic inches. Featuring the distinct tower design unique to all Compaq microportable projectors, the MP2800 goes beyond size to provide the world's smallest footprint, allowing customers to deliver stunning multimedia presentations in even the most space-constrained environments.

Utilizing the latest in Texas Instruments DLP and Pixelworks technologies, the MP2800 autosynchs with any PC, features plug-and-play ease of use, offers an on-screen menu for easy adjustments, and displays 1024x768 XGA resolution at a brightness of 900 lumens.

"The MP2800 offers powerful, sophisticated technology that is cutting edge yet easy to use," said Mike Winkler, Senior Vice President and Group General Manager of Compaq's Commercial Personal Computing Group. "It offers business customers full presentation power without sacrificing mobility or affordability."

Priced at $4,999(1), the MP2800 features magnesium casing that is stronger than plastic and lighter than aluminum, allowing the MP2800 to withstand the rigors of business travel while easing the weight burden on travelers.

"The MP2800 Microportable Projector is a small, lightweight, and powerful presentation tool that simplifies business computing and makes traveling with a projector hassle-free," Winkler said. "It is a dream come true for business travelers or anyone demanding computing and presentation technology that calls for powerful projection imaging."

A true multimedia device, the Compaq MP2800 is compatible with VCR, DVD and HDTV equipment, features a manual zoom lens, standard 8-watt Premier·Sound Speaker system and multi-function remote control.

About Compaq

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 authorized Compaq marketing partners, and directly to businesses and consumers through Compaq's e-commerce Web site at http://www.compaq.com. 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.com.

Notes:

1 All prices listed herein are suggested U.S. selling prices. Actual pricing will vary.

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.