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Mary Matalobos

Cheri Libby

 

Compaq Computer Corp.

Compaq Computer Corp.

Starbucks Coffee Co.

 

281/514.6979

281/.514.0484

206/.3128.7272

Compaq to Join Starbucks and Microsoft to Create Breakthrough Wireless Customer Experience

 

Starbucks Names Compaq Preferred Technology Infrastructure Provider

 

HOUSTON and SEATTLE - May 1, 2001 - Compaq Computer Corporation (NYSE: CPQ) and Starbucks Coffee Company (Nasdaq: SBUX) today announced a five-year strategic relationship in which Compaq has beenwas named Starbucks preferred information technology infrastructure provider at for its retail stores and corporate headquarters. The two innovative companies will work together to converge blend technology and lifestyle, thereby enhancingto improve the Starbucks Experience and supporting its global growth.

"Starbucks chose to partner with Compaq to leverage the power of two great brands as we enhance our customers' in-store experience through innovative leading-edge technology," said Howard Schultz, Starbucks chairman and chief global strategist.

, address changing lifestyles and attracting new customers," said Howard Schultz, chairman and chief global strategist at Starbucks.

Compaq will join Starbucks and Microsoft in creating athe high-speed connected environment in Starbucks locations across North America. Compaq, a worldwide leader in mobile computing devices, has been named the in-store Internet access device provider for the wireless broadband network. In the future, Starbucks customers will be able to enjoy their favorite coffee beverages while accessing broadband content and services through innovative Compaq wireless devices such the hot-selling, award-winning iPAQ Pocket PC or their own wirelessly enabled devices. .

Compaq, a worldwide leader in mobile computing devices,, has been named the in-store has been named the in-store Internet access device supplierprovidersupplier for the wireless broadband network. In the future, Starbucks customers will be able to enjoy their cappuccinos and other favorite coffee beverages while accessing broadband content and services through their own wirelessly enabled devices or or Compaq's hot-selling,test-selling, award-winning iPAQ Pocket PC, iPAQ personal audio players or one of Compaq's award winning laptops such as the new, wirelessly enabled Presario 800. . 

"Compaq's vision for a wireless Internet is all about delivering personalized content with anytime, anywhere accessexperience," said Michael Capellas, Compaq's chairman and chief executive officer. "Our alliance with Starbucks clearly indicates that Compaq is the technology vendor of choice to create wireless solutions for customers. customers hoping to achieve real-time connection when away from the home or office.

<<Insert verbiage about future innovations /Starbucks and Compaq and Starbucks will work together to provide continuing infrastructure enhancements to Starbucks retail outlets and develop future technology innovations"This alliance with Starbucks is strong evidence of our focus on deploying innovative products and providing solutions for our partners' success.," added Capellas.

will leverage Compaq's retail technology expertise to support Starbucks global growth/etc>> …Compaq and Starbucks will also work together to provide continuing infrastructure enhancements to Starbucks retail stores and to develop future innovations…

"This agreement enables allows us to take advantage of Compaq's expertise incredible breadth and depth of technology and service offerings to continue to improve many aspects of our business," said Darren Huston, senior vice president of New Ventures at Starbucks. "Working closely with Compaq and Microsoft on enterprise and consumer-facing innovations will ultimately help us improve store operations and enhance the experience of our customersin retail technology in order to achieve our goals of improved store operations and customer enhancements." said Darren Huston, senior vice president of New Ventures at Starbucks.

Under this agreement, Compaq, as Compaq, will be the exclusive primary and preferred strategic partner provider for information technology infrastructure for Starbucks, Compaq will make infrastructure enhancements at Starbucks its corporate headquarters in Seattle. Compaq will providesuch as enterprise class servers and storage solutions, desktops, and laptops and iPAQs products to Starbucks, and will assess both present and future technology needs and improvements to support Starbucks global growth.

 

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Starbucks Background

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,000 100 retail locations in North America, the United Kingdom, continental Europe, the Middle East and the Pacific Rim, Starbucks sells coffee and tea products through its specialty operations, including its online store at Starbucks.com. Additionally, Starbucks produces and sells bottled Frappuccino® coffee drink and a line of superpremium ice creams through its joint venture partnerships. The Company's other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs.

This press release includes forward-looking statements regarding Starbucks Corporation's business within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including, but not limited to, expectations regarding the relationship with Compaq and Starbucks operations, are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors including but not limited to, material prices and availability, successful execution of internal performance and expansion plans, the impact of competition, the effect of legal proceedings and other risks detailed in the Company's filings with the Securities and Exchange Commission.

Compaq Background

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.

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.

Compaq and the Compaq logo Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. 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: component shortages, delays in the implementation of changes in delivery models, increased competitive environment and pricing pressures, delays in product rollout schedules, slow acceptance for new form factors, employee retention, disruptions related to restructuring actions, the financial condition of resellers, delays in new systems implementation, operational inefficiencies related to sales cycles, equity investment volatility, and emerging market political or economic instability. Further information on the 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.



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