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

07:34AM EST 17-NOV-00 BEAR STEARNS (J. NEFF/BOBBA/HAND) IBM HWP
SUNW: MID-QUARTER UPDATE: ON PLAN; MAINTAIN BUY

08:37AM EST 17-NOV-00 BOFA MONTGOMERY (KING, KURTIS R) SUNW
SUNW: MID-QUARTER UPDATE:  'NO CHANGE TO GUIDANCE'

07:25AM EST 17-NOV-00 CREDIT SUISSE FIRST BOSTON  (GLAVIN, CHARLES)
SEMICONDUCTORS: COMMUNICATION SEMICONDUCTORS: 3 WORDS-BUY ON WEAKNESS

06:05AM EST 17-NOV-00 DEUTSCHE BANC ALEX. BROWN (P. RUEPPEL/G. BENOTHMAN)
NTAP: UPDATE FROM DEUTSCHE BANC ALEX. BROWN TECH 2000 CONFERENCE-STRONG BUY

 <<11.17.00 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
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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





 - 11.17.00 Analyst Reports.doc