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

03:10PM EST  7-NOV-01 USBANCORP PIPER (U.S. BANCORP PIPER JAFFRAY) CPQ
DELL
U.S. BANCORP PIPER JAFFRAY INTRADAY COMMENTS (PM) - 11/07/01

03:21PM EST  7-NOV-01 BUCKINGHAM RESEARCH GROUP  (STEVENS, JAY P.)
BUCKINGHAM: HWP -- ALWAYS BE PREPARED FOR THE UNEXPECTED

06:10AM EST  7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C.
LAUGHLIN/S)
INITIATING COVERAGE: THE LONG AND WINDING ROAD

06:09AM EST  7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C.
LAUGHLIN/S)
CPQ: INITIATED WITH A BUY RATING-BUY

08:31AM EST  7-NOV-01 DEUTSCHE BANC ALEX. BROWN INC. (G. ELLING/C.
LAUGHLIN/S)
DELL: INITIATED WITH A BUY RATING-BUY

 <<11.08.01 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
Leslie Moore in Compaq's Investor Relations Department at
leslie.moore@compaq.com.

Leslie K. Moore
Compaq Computer Corporation
Investor Relations - Financial Analyst
Phone:  281-927-8287
Fax: 281-514-2656


 - 11.08.01 Analyst Reports.doc