Commerce One Bundles and Delivers E-Procurement Solution with Compaq ProLiant Servers for Small to Mid-Market Customers.

Business Editors/High-Tech Writers

HOUSTON & PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 22, 2002

Procurement Express Streamlines Buying Process for Mid-Sized

Businesses and Helps Provide Short-Cycle Return-on-Investment

Commerce One (Nasdaq:CMRC) and Compaq Computer Corporation (NYSE:CPQ) today announced the availability of Procurement Express, a new solution combining Commerce One's industry leading e-procurement software together with industry-standard Compaq ProLiant servers and Compaq Global Services.

Procurement Express gives small to mid-sized enterprises (SME) access to the rapid return on investment available from Internet procurement by providing a pre-packaged, low cost of entry solution that can scale to meet organizational requirements.

"Through Compaq's strategic partnership with Commerce One, we are providing a world-class e-procurement solution that enables small to medium-sized companies to be up and running quickly with minimal investment," said Mark Linesch, vice president of Internet and eCommerce Solutions at Compaq. "The combination of Compaq ProLiant servers and Commerce One's procurement solution delivers all of the required elements for seamlessly completing B2B transactions with trading partners in a single package."

Procurement Express, which can be deployed in as few as 15 days, includes the hardware, software, services and content necessary for businesses to move their purchasing processes onto the Internet quickly and securely.

Procurement Express users gain access to e-commerce-ready suppliers and online business services in their region and worldwide through Commerce One e-marketplaces and access to the Global Trading Web(TM), a worldwide business commerce community.

The Procurement Express bundled solution is available immediately in select regions through a combination of Compaq Global Services and Commerce One e-marketplace partners.

"Mid-sized organizations want a low-risk procurement solution with all the infrastructure, online connectivity and company-wide control available to large enterprises," said Manoj Saxena, senior vice president of marketing and business development for Commerce One. "Commerce One, through our deep relationship with Compaq and our network of Global Trading Web partners, is uniquely positioned to deliver the same e-procurement benefits to small companies around the world that we have successfully delivered to the Global 2000."

Commerce One-powered e-marketplaces are already offering these solutions to their customers. For example, SESAMi, a Commerce One marketplace partner and Asia's leading business-to-business commerce service provider, is offering Procurement Express in Singapore and Indonesia. Some of the other marketplaces currently participating in the program include Optus in Australia and T-mart, the e-marketplace of Deutsche Telekom.

"Small and medium-sized businesses are a vital part of the commerce chain, and Procurement Express will enable SESAMi to develop a much larger trading community throughout Southeast Asia than previously possible," said Ms. Poh Mui Hoon, president, SESAMi, Inc. "With Procurement Express, the promise of B2B e-commerce and an increased competitive edge is now attainable for small to medium-sized, cost-conscious companies seeking improved productivity, reduced costs, connections to worldwide trading partners and improved service to employees, partners and customers."

About Commerce One

Commerce One(R) (Nasdaq:CMRC) is the e-marketplace company. Through its software, services and Global Trading Web(TM) business community, Commerce One enables worldwide commerce on the Internet. With headquarters in Pleasanton, Calif., and offices around the world, Commerce One can be reached by phone at 800/308-3838 (U.S. only) or [phone], or via the Internet at www.commerceone.com.

About Compaq

Founded in 1982, Compaq Computer Corporation is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.com.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements discuss the potential benefits of Procurement Express, which combines Commerce One's procurement software with Compaq servers and Global Services. Among the benefits attributed to this product combination are the following: the potential for rapid return on investment for small and mid-sized businesses; the ability to deploy the product offering in as few as fifteen days; the seamless and secure completion of on-line business transactions; rapid access to regional supplier catalogues and business services; access to the Global Trading Web; low-risk e-procurement opportunities for small and mid-sized businesses, with infrastructure and capabilities comparable to those available to larger enterprises; and the potential for improved productivity, reduced costs, improved service to employees, partners and customers. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the following: the potential that Procurement Express and/or any of its component parts may not meet user expectations; the possibility that enterprises will not be able to deploy and use Procurement Express as quickly as anticipated, or access various catalogues as quickly as expected; various external factors, including economic conditions, that may impact the results obtained by particular customers; and the potential for problems as to the cooperation between Commerce One and partners, or among the parties using the product. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances on which those statements are based, unless otherwise required by law. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2000 and its quarterly report on Form 10-Q for the quarter ended September 30, 2001.

This news release may contain forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the Hewlett-Packard/Compaq merger does not close or that the companies may be required to modify aspects of the transaction to achieve regulatory approval or that prior to the closing of the proposed merger, the businesses of the companies suffer due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Compaq and Hewlett-Packard are unable to transition customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Compaq and Hewlett-Packard's Securities and Exchange Commission reports (including but not limited to Compaq's annual report on Form 10-K for the year ended December 31, 2000, HP's annual report on Form 10-K for the year ended October 31, 2000, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Compaq's results could differ materially from Compaq's expectations in these statements. Compaq assumes no obligation and does not intend to update these forward-looking statements.

Note to Editors: Global Trading Web is a trademark of Commerce One Operations, Inc. All other company, product, and brand names are trademarks of their respective owners.

Compaq, the Compaq logo, and ProLiant are trademarks of Compaq Information Technologies Group, L.P.