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

09:11AM EDT  4-JUN-01 MORGAN STANLEY/DW (MUNSON, GILLIAN) EMC
EMC CORP.: BANTER ON A BUDGET-WITH EMC

08:24AM EDT  4-JUN-01 MERRILL LYNCH (S.FORTUNA) CPQ AAPL DELL
COMPAQ COMPUTER:COMPAQ FIELD TRIP HIGHLIGHTS

07:14AM EDT  4-JUN-01 SALOMON SMITH BARNEY (RICHARD GARDNER) CPQ
CPQ: REDUCING REVENUE ESTIMATES; REITERATE 3H

07:02AM EDT  4-JUN-01 PRUDENTIAL SECURITIES (K.ALEXY) AAPL CPQ CMP
WEEKLY INDEX OF PC AND ENTERPRISE HARDWARE, PC CHANNEL, AND DATA STORAGE
STOCKS

04:35AM EDT  4-JUN-01 J.P. MORGAN (WALTER J. WINNITZKI) CPQ AAPL DELL
CPQ: REDUCING ESTIMATES DUE TO ADVERSE INDUSTRY CONDITIONS

09:35AM EDT  4-JUN-01 WIT SOUNDVIEW (GARY HELMIG) IBM
IBM (IBM) COMPANY UPDATE JUNE 4, 2001

HWP: EXPECT CAUTIOUS OUTLOOK AT JUNE 6 ANALYST MEETING
09:42AM EDT  4-JUN-01 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP

 <<6.04.01 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 Elizabeth Davis in
Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

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



 - 6.04.01 Analyst Reports.doc