SAP Portals and Compaq Announce Strategic Alliance To Deliver Enterprise Portal Solution

Agreement Will Empower Customers to Turn Information Overload Into Competitive Advantage

SAP Portals, Inc., a leading provider of open-enterprise portal and business intelligence solutions and a wholly owned subsidiary of SAP AG (NYSE:SAP), and Compaq Computer Corp. (NYSE:CPQ), a global enterprise and technology solutions company, today announced a strategic alliance to jointly go to market with SAP Portals(TM) solutions and Compaq technology. The two companies have joined forces to deliver a fully integrated end-to-end portals solution, offering customers faster deployment, reduced implementation expenses and increased productivity. Under the terms of the alliance, Compaq will establish global solution centers to support joint strategic business development and sales activities. These solution centers will feature demonstration systems of SAP Portals solutions that will run across Compaq hardware platforms engineered to offer high availability and scalability combined with a full set of infrastructure services, enabling customers to expand without down time. The first joint solution center will be established in Walldorf, Germany.

"A key tenet of our partner program is to seek out the top leaders in their respective markets to best provide customer value and market innovation," said Shai Agassi, chief executive officer of SAP Portals. "The combination of SAP Portals' enterprise portal and business intelligence solutions with Compaq's transactional and operational data performance leadership helps our customers derive real value and significant returns on the enterprise portal solutions they deploy."

The agreement with SAP Portals extends Compaq's long-standing relationship as an SAP(R) platform partner and one of the leading SAP server and storage vendors, with over 15,000 installations. As an active participant in the SAP Portals First Partner Ship (FPS) program, Compaq has maintained a strong and successful alliance with SAP and is a leading supplier of technology for deployment of mySAP.com(R) applications.

"The joint global strategy of SAP Portals and Compaq combines Compaq's excellence in technological innovation and the e-business expertise of SAP to deliver the enterprise portal solution vital to an enterprise business," said Mike Mulcahy, vice president of global alliances and partnerships at Compaq. "The ability to provide a fully integrated platform that runs SAP Portals solutions will allow customers to achieve significant returns on investment without compromising the availability or scalability of their enterprise portal system."

About Compaq

Founded in 1982, Compaq Computer Corp. ("Compaq") is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures and markets hardware, software, solutions and services, including industry-leading enterprise storage and computing solutions, fault-tolerant business-critical solutions, communication products, and desktop and portable personal computers that are sold in more than 200 countries. Information on Compaq and its products and services is available at http://www.compaq.com.

About SAP Portals

SAP Portals is a wholly owned subsidiary of SAP AG with headquarters in Silicon Valley, Calif. The company employs more than 900 professionals worldwide, with approximately 6 million users and more than 2,000 customers. SAP Portals empowers collaboration and intelligent action by unifying applications, information and services to achieve higher levels of efficiency, enhance the quality of relationships and maximize value across the business. The SAP Portals portfolio includes enterprise portals, business intelligence, premium content offerings and professional services. SAP Portals provides value-driven solutions that significantly impact companies' total cost of ownership, achieving a return on investment beyond other software providers. For more information about SAP Portals, visit us on the Web at http://www.sapportals.com or call (800) 360-3328.

Forward-Looking Statements

This news release may contain forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the Hewlett-Packard/Compaq merger does not close or that the companies may be required to modify aspects of the transaction to achieve regulatory approval or that prior to the closing of the proposed merger; the businesses of the companies suffer due to uncertainty; the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; that Compaq and Hewlett-Packard are unable to transition customers, successfully execute their integration strategies, or achieve planned synergies; other risks that are described from time to time in Compaq and Hewlett-Packard's Securities and Exchange Commission reports (including but not limited to Compaq's annual report on Form 10-K for the year ended Dec. 31, 2000, HP's annual report on Form 10-K for the year ended Oct. 31, 2000, and subsequently filed reports). If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Compaq's results could differ materially from Compaq's expectations in these statements. Compaq assumes no obligation and does not intend to update these forward-looking statements. SAP Portals, Inc., is a wholly owned subsidiary of SAP AG. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "intend," "may," "will," "expect," and "project" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the SAP Annual Report on Form 20-F for 2000 filed with the SEC on March 28, 2001. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

(c) 2002 SAP Portals

SAP Portals, SAP, mySAP, mySAP.com, the SAP logo and other SAP products and services mentioned herein are trademarks or registered trademarks of SAP AG in Germany and several other countries. Compaq and the Compaq logo are trademarks of Compaq Information Technologies Group, L.P. Other product or service names mentioned herein are the trademarks of their respective owners.

         CONTACT:  SAP Portals
                   Lindsey Held, 408/360-6613
                   lindsey.held@sapportals.com
                        or
                   Waggener Edstrom for SAP Portals
                   Kami Lohry, 503/443-7000
                   kamil@wagged.com
                        or
                   Compaq
                   Stacey Paul, 281/518-3205
                   stacey.paul@compaq.com