Compaq Computer Corporation Named in Shareholder Class Action Suit.

MINNEAPOLIS--(BUSINESS WIRE)--April 6, 1999--Pursuant to Section 21D (a) (3) (A) (i) of the Private Securities Litigation Reform Act of 1995, Lockridge Grindal Nauen & Holstein P.L.L.P. hereby gives notice that a class action complaint has been filed in the United States District Court for the Southern District of Texas on behalf of a Class of persons who purchased or otherwise acquired securities issued by Compaq Computer Corporation (Nasdaq: CPQ) ("Compaq" or the "Company") in the open market during the period January 27, 1999, and February 25, 1999, inclusive (the "Class Period"), and who were damaged thereby.

The Complaint charges that throughout the Class Period, defendants violated the U.S. securities laws by issuing materially false and misleading statements and by omitting material facts required to be disclosed so as to make the statements issued not materially false and misleading. Specifically, the complaint alleges that during the Class Period, defendants knowingly or recklessly issued a series of false statements and failed to disclose material facts concerning the Company's operating results and its future prospects.

Plaintiffs are represented by the law firm of Lockridge Grindal Nauen & Holstein P.L.L.P. The firm has considerable experience in prosecuting securities class actions, and has offices in Washington, D.C. and Minneapolis, Minnesota.

Any member of the proposed Class who desires to be appointed lead plaintiff in this action must file a motion with the Court no later than sixty (60) days from March 12, 1999. If you purchased Compaq securities during the period January 27, 1999, and February 25, 1999, or have questions or information regarding this action, or if you are interested in serving as a lead plaintiff in this action, you may call or write:

Karen M. Hanson Lockridge Grindal Nauen & Holstein P.L.L.P. 100 Washington Avenue South Suite 2200 Minneapolis, MN 55401 [phone] [e-mail]