Please open the attached file to read the complete text of the following
items:

07:36AM EDT 12-OCT-00 ING BARINGS (ROBERT CIHRA) CPQ DELL GTW
CPQ: Q3 LIKELY SOLID; EXECUTING WELL IN A SOFTER MARKET

01:36AM EDT 12-OCT-00 MORGAN STANLEY DEAN WITTER (GILLIAN MUNSON) GTW
GTW: LOWERED TO OUTPERFORM

09:19AM EDT 12-OCT-00 SALOMON SMITH BARNEY (RICHARD GARDNER) GTW
GTW: 3Q00 EARNINGS EXPECTATIONS

09:54AM EDT 12-OCT-00 BOFA MONTGOMERY (WHITTINGTON, RICHARD L) AMD
AMD: Q3 RESULTS

07:19AM EDT 12-OCT-00 WASSERSTEIN PERELLA (STEPHEN C. DUBE) IBM
WASSERSTEIN: IBM IBM THROWS A PARTY, AND OTHER ITEMS

 <<10.12.00 Analyst Reports.doc>>

The analyst reports provided are reports prepared by independent analysts
who monitor and track Compaq's performance.  These reports are not prepared
by or at the direction of Compaq and as a result, Compaq is not endorsing or
verifying the information contained in these reports or endorsing any of
these analysts.   These reports are being provided solely for business
reasons and as a result, do not distribute these reports to other
individuals outside of Compaq.  If other individuals are interested in
receiving the reports provided herein, please contact Elizabeth Davis in
Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

Elizabeth Davis
Compaq - Investor Relations
Research Analyst
281-518-4289





 - 10.12.00 Analyst Reports.doc