IN: Please open the attached file to read the complete text of the following items: 00:19AM EDT 8-JUN-01 MERRILL LYNCH (S.FORTUNA) AAPL CPQ DELL APPLE COMPUTER:PEELING BACK ESTIMATES 07:04AM EDT 8-JUN-01 ABN AMRO INC. (GODFREY,GEORGE J.) MSFT INTC MICROSOFT CORPORATION: INTEL MID-QUARTER UPDATE IS POSITIVE FOR MICROSOFT 04:08AM EDT 8-JUN-01 CREDIT SUISSE FIRST BOSTON (CHOPRA, AMIT) AM CALL: SUNW: NOT SEEING THE BOTTOM 06:51AM EDT 8-JUN-01 PRUDENTIAL SECURITIES (K.ALEXY) HAND PALM CPQ HAND: HAND GETS SQUEEZED, SHARPLY LOWERS GUIDANCE 06:29AM EDT 8-JUN-01 SALOMON SMITH BARNEY (JONATHAN JOSEPH) INTC INTC: REITERATES Q2 GUIDANCE; NO CHANGE TO ESTIMATES 10:03AM EDT 8-JUN-01 MORGAN STANLEY/DW (MUNSON, GILLIAN) CPQ DELL: BANTER ON A BUDGET-WITH DELL <<6.08.01 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 Elizabeth Davis in Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

Generate a subject line.

OUT: Financial Analysts' Reports for 6.08.01

IN: Denise, here are a few things off the top of my head. 1. I mostly work for the Transwestern Commercial Group, which is the following cast of characters: Steve Harris Kevin Hyatt Lindy Donoho Jeff Fawcett TK Lohman Christine Stokes Michelle Lokay Lorraine Lindberg When I am not on 47, I sit near their work area on 41 (and forward my phone to x34516). These are the people I'm most likely to have you organize meetings with, distribute things to, etc. Their assistant is Audrey Robertson. I lost our most recent phone list but please get one from her (x35849). 2. Usually I get in around 8:30 and leave around 6. I'm not picky about when you're in the office; it is very rare that I will need you to come in early or stay late. I think I asked Janet only twice. 3. Major projects I'm working on right now that you'll hear me mention a lot: - TW Options (a tariff filing) - Order 637 compliance - Caithness/Big Sandy (potential pipeline interconnect) 4. Standing meetings: - TW Commercial Group staff meeting: Monday at 9:30 - Omaha regulatory staff meeting: Tues. at 8:15. - Therapist: every few weeks Thurs. 9:00 (if anyone asks, I'm in a meeting; but if they knew where I really was I'm sure they would understand!) 5. Faxes: I get faxes from Regulatory a lot and they generally don't call first. Please check the fax machine once a day (and my chair, if I'm not on 47 that day, in case someone got a fax for me and put it there). 6. Mail: Please open my mail, and I'll try to come pick it up every day. 7. Filing: I generally avoid keeping files of useless information. However, since I'm a regulatory lawyer it is inevitable that I will have a ton of paper to stash away where I can find it later. Filing is pretty important to me. I promise to try to let you know what files are more important than others so you can prioritize. The good news: I rarely ever go to the extent where I would have you index a file. Just putting things in the right folder is enough. 8. Computer files: At the beginning of each quarter, please create a new Word file folder (if you look under sscott you'll see I have 2ndqtr00, 3rdqtr00, etc.) 9. Calendar: Please obtain access to my Lotus Organizer, and if you get e-mails of meetings I'm supposed to attend go ahead and put them in the calendar. 10. Friends you're likely to hear from a lot: Ann, Bill, my grandmother ("Ms. Savoy"), Dianna 11. The Other Susan Scott: There is a Susan M Scott who works for ENA. I get her mail and phone calls all the time! Her extension is 31445. Not sure of her location as it seems to change a lot. I look forward very much to working with you! !

Generate a subject line.

OUT: my work

IN: Steven: I am trying to finalize this master during Carol St. Clair's absence. I have a few questions prior to our comments. They are: (1) Have you already commented on the new form of Letter of Credit Provisions which Carol sent to you? This is referred to as Exhibit A to Paragraph 13 of Annex A. I did not see your response. (2) Have you reviewed the latest Letter of Credit format? I did not see your response. (3) What is the genesis of Part 5, Section 18 of your redline. I know that DB acquired Bankers Trust, but did Carol ever review this provision? Have both parties agreed as to existing transactions? Please let me hear from you. Thanks. Sara

Generate a subject line.

OUT: ISDA Master Agreemen between Deutsche Bank AG ("DB") and Enron North America Corp.

IN: Jim @ Kaztex bought 20/d NBPL @ Harper on our behalf from Tenaska. Jim sold it to us at his cost, he said--$1.84. Said yesterday's deal was at 2 cents over his cost, but that you had done him a favor and that he also owed us one related to something Patrice had done for him, so that 'we're even' now.

Generate a subject line.

OUT:
Wednesday's Activity Recap