April 5, 2000 -- Microsoft Corp., Compaq Computer Corp. and Reuters today announced they will co-host the Financial Summit, a one-day conference, demonstration and exposition for Wall Street. Michael Capellas, president and CEO of Compaq, Thomas Glocer, chief executive of Reuters America Inc., and Steve Ballmer, president and CEO of Microsoft, will discuss challenges faced by the financial services industry as consumer and business activity continues its move to the Internet in the new millennium. Industry leaders will discuss the driving forces behind the new technologies that enable global transaction capability, business intelligence analytics, customer relationship management, and transformation of legacy systems to Internet speed.

In addition, attendees will have the opportunity to take a hands-on look at the solutions that are available now and those that have the potential to be the critical success factors of future businesses in the financial services market. A Solutions Center will showcase Reuters' information solutions running on Microsoft^® Windows NT^® and Windows^® 2000 operating systems optimized for performance on Compaq platforms.

Throughout the day more than 20 ISVs developing leading applications will be available to demonstrate their products and speak with attendees one-on-one in the Solution Center.

When: 8:30 a.m.-3:30 p.m.

Wednesday, April 19, 2000

Where: Bridgewaters

11 Fulton St.
New York, NY 10038

How: Register at http://www.compaqevents.com/financialsummit/, or call (800) 213-4110 and mention the Financial Summit.

Agenda: 7:30 a.m. Registration and continental breakfast - Solutions Center open

8:30 a.m. Welcome and Introduction of Event
Lisa Napoli, Internet correspondent, MSNBC

8:35 a.m. "A Nonstop Strategy for the Securities Industry"
Michael Capellas,president and CEO, Compaq

9:20 a.m. "The Securities Industry Online"
John A. McKinley Jr., executive vice president and chief technology officer, Merrill Lynch & Co. Inc.

9:50 a.m. "The Future for Online Financial Markets"
Thomas Glocer, chief executive officer, Reuters America Inc.

10:20 a.m. Break - Solutions Center open

10:45 a.m. "Technology and the Securities Industry"
Steve Ballmer, president and CEO, Microsoft

11:30 a.m. Lunch - Solutions Exposition open

1 p.m. Solution Sessions, first round*

1:50 p.m. Solution Sessions, second round*

2:40 p.m. Solution Sessions, third round*

(*Each Solution Session will be held three times, beginning at the times noted.)

Solution Sessions

"The Equity Desk of the Future." An overview of new equity products and solutions from Compaq, Reuters and Plural.

"Xbond Fixed-Income Order-Management System." A look at how to market, negotiate and execute bond trades safely and accurately over the public Internet as well as through private networks.

"Web-Enhancing Your Marketshare." A discussion of best practices for developing business through Web communities.

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The names of actual companies and products mentioned herein may be the trademarks of their respective owners.