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Please open the attached file to read the complete text of the following items: 03:10PM EST 7-NOV-01 USBANCORP PIPER (U.S. BANCORP PIPER JAFFRAY) CPQ DELL U.S. BANCORP PIPER JAFFRAY INTRADAY COMMENTS (PM) - 11/07/01 03:21PM EST 7-NOV-01 BUCKINGHAM RESEARCH GROUP (STEVENS, JAY P.) BUCKINGHAM: HWP -- ALWAYS BE PREPARED FOR THE UNEXPECTED 06:10AM EST 7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C. LAUGHLIN/S) INITIATING COVERAGE: THE LONG AND WINDING ROAD 06:09AM EST 7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C. LAUGHLIN/S) CPQ: INITIATED WITH A BUY RATING-BUY 08:31AM EST 7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C. LAUGHLIN/S) DELL: INITIATED WITH A BUY RATING-BUY <<11.08.01 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 Leslie Moore in Compaq's Investor Relations Department at leslie.moore@compaq.com. Leslie K. Moore Compaq Computer Corporation Investor Relations - Financial Analyst Phone: 281-927-8287 Fax: 281-514-2656 - 11.08.01 Analyst Reports.doc
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