DEVELOPER TOOLS

HOUSTON, TX -- The Compaq Board of Directors met Wednesday and reaffirmed its strong support for the proposed merger of Compaq Computer Corporation (NYSE: CPQ) and Hewlett-Packard Company (NYSE: HWP). The combination of these two great companies will create an even stronger market and technology leader. The Board is more convinced than ever that the merger serves the best interests of shareholders, customers, partners and employees. The board includes: -- Lawrence T. Babbio, Jr., vice chairman and president, Verizon Communications Inc. -- Michael. D. Capellas, chairman and chief executive officer, Compaq Computer Corp. -- Kenneth L. Lay, chairman and chief executive officer, ENRON Corp. -- Sanford M. Litvack, of counsel Dewey Ballantine L.L.P. -- Thomas J. Perkins, general partner, Kleiner Perkins Caufield & Byers -- Lucille S. Salhany, co-president and chief executive officer, Life FX Networks, Inc. For further information visit www.compaq.com