Compaq Computer Sells Out 6 Million Shares At $11 Each

Dow Jones News Service

December 9, 1983

HOUSTON -- COMPAQ COMPUTER CORP. WENT PUBLIC FRIDAY WITH AN INITIAL OFFERING OF SIX MILLION COMMON SHARES INITIALLY PRICED AT $11 EACH, SIGNIFICANTLY LOWER THAN THE $15 TO $18 INDICATED IN ITS PRELIMINARY PROSPECTUS.

THE OFFERING SOLD OUT.

PROCEEDS WILL BE USED TO REPAY SHORT TERM DEBT AND FINANCE EXPANSION OF MANUFACTURING AND ADMINISTRATIVE FACILITIES.

L.F. ROTHSCHILD UNTERBERG TOWBIN AND E.F. HUTTON & CO ARE MANAGING THE OFFERING.