Enron Mail

From:elizabeth.davis@compaq.com
To:houirtreas@compaq.com
Subject:Financial Analysts' Reports for 12.12.00
Cc:
Bcc:
Date:Tue, 12 Dec 2000 00:56:00 -0800 (PST)

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

06:40AM EST 12-DEC-00 UBS WARBURG (US) (YOUNG, DON) SUNW NTAP
SUN MICROSYSTEMS: CAUTIOUS NEAR-TERM

08:33AM EST 12-DEC-00 BOFA MONTGOMERY (KING, KURTIS R) SUNW
SUNW: SUNW CHANNEL CHECKS COMING IN NEGATIVE; DOWNGRADING TO BUY

00:20AM EST 12-DEC-00 MERRILL LYNCH (S.MILUNOVICH) CSCO
TECH STRATEGY:MORE AGGRESSIVE SHORT TERM

08:23AM EST 12-DEC-00 PRUDENTIAL SECURITIES (H.MOSESMANN) AMD INTC
AMD: DOWNSIDE PRE-ANNOUCEMENT. NOT A SURPRISE.

<<12.12.00 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





- 12.12.00 Analyst Reports.doc