SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2001

COMPAQ COMPUTER CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Delaware	1-9026	76-0011617
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

20555 SH 249 Houston, Texas	77070
(Address of Principal Executive Offices)	(Zip Code)

(281) 370-0670

(Registrant’s telephone number, including area code)

ITEM 5.     Other Events.

In a release dated June 25, 2001, Compaq Computer Corporation (NYSE: CPQ) and Intel Corporation today announced a multi-year agreement that accelerates availability of next-generation enterprise servers based on the Intel® Itanium™ processor family. Compaq will transfer key enterprise processor technology to Intel and consolidate its entire 64-bit server family on the Itanium architecture. The press release is attached as Exhibit 99.1.

ITEM 7.      Financial Statements and Exhibits.

Exhibit 99.1     Press Release dated June 25, 2001 is attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COMPAQ COMPUTER CORPORATION
Dated:   June 25, 2001	By:   /s/ Linda S. Auwers                         Linda S. Auwers         Vice President, Deputy General         Counsel and Secretary

Exhibit Index

                 Exhibit No.                        Description

                     99.1                       Press Release dated June 25, 2001