Compaq and Intuit Donate $40,000 in Cash, Computers, Software, Volunteers to Habitat for Humanity.

Business Editors/High-Tech Writers

HOUSTON, Texas & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 29,

2001

New Habitat Households to Receive Compaq Presario Desktops, Intuit

Personal Financial Software and Basic Computer Training

Along with keys to their new dwellings, several homeowners will also receive 21st century housewarming gifts: Compaq Presario computers with Quicken(R) personal financial software. The gifts come from technology partners Compaq Computer Corporation (NYSE:CPQ) and Intuit Inc. (Nasdaq:INTU), who together, are donating $40,000 in cash, computers, software, technology assistance and financial training to the Peninsula Habitat for Humanity project, which will welcome its latest residents with a ceremony planned for Saturday, June 30 at 4 p.m.

Ten Compaq Presario 5000 series desktop computers loaded with select Quicken products and other software, Compaq monitors and Compaq Inkjet printers will be presented to the new Habitat households at the Rolison Road Townhouses. Intuit employees will also donate their time to visit the recipients' homes, set up the computers and train the families on basic financial management and computer use. The residences are part of a 36-unit affordable housing community whose first phase was begun a year ago. Intuit and Compaq enlisted the support of their employees in the Silicon Valley to help build the houses. Three teams of volunteers dedicated 200 hours of service over three days.

"Habitat does a great job of putting these families on the road to financial freedom," said Laura Castaneda, group manager of corporate giving at Intuit. "We want to help them with the second step by providing them with financial management knowledge."

Habitat for Humanity provided the development, construction and financing for the homes through donations, volunteers and corporate sponsors, such as Intuit and Compaq. Habitat houses are sold at cost to families and financed through affordable, no-interest loans. The project has erected more than 100,000 homes worldwide.

Compaq and Intuit joined forces to provide economic empowerment and modern technology to the families moving into their new homes. Last March, the two companies announced a two-year, $60 million agreement naming Compaq as the preferred technology provider for Intuit's information technology needs. The deal included a substantial commitment by Compaq to advertise on leading Intuit Web properties and bundle select Quicken products on its personal computers.

About Intuit

Intuit Inc. (Nasdaq:INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken(R), QuickBooks(R), Quicken TurboTax(R) and Quicken Loans(R) simplify personal finance, small business management and payroll processing, tax preparation and filing and online home loans.

Founded in 1983, Intuit has annual revenues of more than $1 billion and reaches 22 million customers with nearly 5,000 employees in 13 states and four countries. More information can be found at www.Intuit.com.

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.com.

About Peninsula Habitat for Humanity

As the only non-profit affordable homeownership provider in San Mateo County, Peninsula Habitat for Humanity has built 44 single-family and condominium houses in East Palo Alto, Menlo Park, Redwood City, San Mateo, and Daly City. Currently, Peninsula Habitat is building 36 town houses on Rolison Road in Redwood City over a 3-year period. This development is the beginning of a five-year plan to build 200 affordable, ownership houses for families with low incomes in San Mateo County.

Peninsula Habitat for Humanity, Inc. constructs houses in partnership with families with low incomes. Selected families each contribute 500 "sweat equity" hours alongside community volunteers as their zero cash down payment. Homes are sold with 0% interest mortgages and paid for with monthly payments of approximately 35% of a family's income. These payments are placed in the PHfH Fund for Humanity restricted to be used to build additional houses. Peninsula Habitat is one of over 1,500 U.S. affiliates of Habitat for Humanity International, Inc.

This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include, among others: market conditions, particularly in the U.S.; increased competitive environment and pricing pressures; disruptions related to restructuring activity and delays in the implementation of changes in delivery models. Further information on these and other factors that could affect Compaq's financial results is included in Compaq's Securities and Exchange Commission (SEC) filings, including the latest Annual Report on form 10-K and the latest quarterly report on Form 10-Q.

Note to Editors: Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.