Financial Analysts' Reports for 11.17.00

Please open the attached file to read the complete text of the following
items:

07:34AM EST 17-NOV-00 BEAR STEARNS (J. NEFF/BOBBA/HAND) IBM HWP
SUNW: MID-QUARTER UPDATE: ON PLAN; MAINTAIN BUY

08:37AM EST 17-NOV-00 BOFA MONTGOMERY (KING, KURTIS R) SUNW
SUNW: MID-QUARTER UPDATE: 'NO CHANGE TO GUIDANCE'

07:25AM EST 17-NOV-00 CREDIT SUISSE FIRST BOSTON (GLAVIN, CHARLES)
SEMICONDUCTORS: COMMUNICATION SEMICONDUCTORS: 3 WORDS-BUY ON WEAKNESS

06:05AM EST 17-NOV-00 DEUTSCHE BANC ALEX. BROWN (P. RUEPPEL/G. BENOTHMAN)
NTAP: UPDATE FROM DEUTSCHE BANC ALEX. BROWN TECH 2000 CONFERENCE-STRONG BUY

<<11.17.00 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

- 11.17.00 Analyst Reports.doc