COMPAQ LAUNCHES "COOL CASH" REBATE PROMOTION ON PRESARIO PCS

HOUSTON, June 16, 1995 -- Compaq Computer Corporation (NYSE: CPQ) today
announced the "Cool Cash" Rebate Promotion, a summer retail program that
offers cash rebates to consumers who purchase select models of the
all-in-one Presario 500 Series of multimedia PCs between June 16 and Sept.
4, 1995. The Compaq "Cool Cash" Rebate, available through Compaq
authorized retail locations nationwide, offers a cash rebate of $150 on
the Compaq Presario CDTV 520 and CDTV 528, television-capable models; and
a rebate of $100 on the Compaq Presario CDS 520, CDS 524 and CDS 526,
feature-rich, all-in-one multimedia PCs.

"The Compaq Cool Cash Rebate provides one more incentive to consumers
interested in joining the growing ranks of extremely pleased Presario PC
owners," said Jim Tucker, vice president, Compaq's Consumer Products
Business Unit. "With a unique multimedia feature set specifically attuned
to the needs of the home user, the Presario has become a solid
multi-purpose appliance in the home, offering the best value in computing
for entertainment, home-office use and education."

In order to take advantage of the summer promotion, customers who purchase
the specified Presario 500 Series models in participating Compaq
authorized retail locations nationwide, can pick up a rebate form from the
retail display and mail it to the Compaq Fulfillment Center with their
original receipt and the UPC code from the Presario cardboard box.
Eligible customers will receive a check for the qualifying amount within
six to eight weeks.

Presario Family of Multimedia PCs

The Presario family of multimedia PCs includes integrated home and home
office appliance features, such as a cable-ready television, a
high-quality speakerphone, a fax machine, 16-bit stereo sound, and a
telephone answering system. A power conservation utility automatically
"powers down" the Presario when not in use and awakens the system
automatically for an incoming fax or telephone call. The Presario is also
loaded with today's most popular software programs and a three year
warranty, with one year on-site service. The CDTV models of the Presario
family allow users to stay on top of world events by watching or listening
to television in a "window" while working in other PC applications, or by
viewing a full-screen TV image.

Company Background

Compaq Computer Corporation is the world's largest supplier of personal
computers, offering desktop PCs, portable PCs and servers. Founded in
1982, the Company reported 1994 worldwide sales of $10.9 billion. Compaq
products are sold and supported in more than 100 countries through a
network of more than 38,000 Compaq marketing partners. Compaq also sells
directly to customers through Compaq Direct Plus at 1-800-888-5858. Compaq
provides 24-hour customer support and can be reached through the Compaq
forums on America Online, CompuServe, Internet (http://www.compaq.com),
and Prodigy, or by calling 18003451518.

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