Filed by Hewlett-Packard Company Pursuant to Rule 425
                                                Under the Securities Act of 1933
                                         And Deemed Filed Pursuant to Rule 14a-6
                                       Under the Securities Exchange Act of 1934
                                   Subject Company:  Compaq Computer Corporation
                                                  Commission File No.: 333-73454

This filing relates to a planned merger (the "Merger") between Hewlett-Packard
Company ("HP") and Compaq Computer Corporation ("Compaq") pursuant to the terms
of an Agreement and Plan of Reorganization, dated as of September 4, 2001 (the
"Merger Agreement"), by and among HP, Heloise Merger Corporation and Compaq. The
Merger Agreement is on file with the Securities and Exchange Commission as an
exhibit to the Current Report on Form 8-K, as amended, filed by Hewlett-Packard
Company on September 4, 2001, and is incorporated by reference into this filing.

On March 15, 2002, HP issued the following press release.



                    [LETTERHEAD OF HEWLETT-PACKARD COMPANY]

                                                                [HP INVENT LOGO]

Editorial Contacts:

Andrea Bass, HP
+1 408 873 6549
andrea_bass@hp.com

Essi Pekkala, Sonera Corp.
+358 2040 54193
essi.pekkala@sonera.com

                     HP AND SONERA ANNOUNCE GLOBAL ALLIANCE

                       SONERA LOOKING FORWARD TO STRENGTHS
                OF HP-COMPAQ COMBINATION TO HELP SERVE CUSTOMERS

PALO ALTO, Calif., March 15, 2002 -- Hewlett-Packard Company (NYSE:HWP) and
Sonera Corporation (Finland, HEX:SRA) (Nasdaq:SNRA) today announced that they
have agreed to form a global alliance. The companies will cooperate in sales,
research and development and production to support customers in the converging
Information Communication Technology (ICT) market.

The new relationship will initially focus on customers in Finland and other
European markets to help them manage and benefit from the convergence of
telecommunications and IT infrastructures technologies. The companies are
expected to start offering solutions to customers in the second calendar quarter
of this year, pending the approval of the HP-Compaq merger, and the relationship
does not include any ownership arrangements.

Sonera's leadership team supports the HP-Compaq merger as it believes the
combination will create a powerful entity with world-class competencies for
building new business in the ICT market.

"The convergence of the ICT business and the disruptive technologies in the
mobile data space will give no mercy to companies that only look back and are
not ready to face the new challenges," said Harri Koponen, chief executive
officer, Sonera.




"Sonera is a leading innovator and service provider with a strong customer
presence. We believe together we can better serve customers and create
outstanding new services for them," said Carly Fiorina, chairman and chief
executive officer, HP.

ABOUT SONERA

Sonera Corporation is a leading provider of mobile and advanced
telecommunications services. Sonera is growing as an operator, as well as a
provider of transaction and content services in Finland and in selected
international markets. The company also offers advanced data solutions to
businesses and fixed network voice services in Finland and neighboring markets.
In 2001, Sonera's revenues totaled EUR 2.2 billion and profit before
extraordinary items and taxes was EUR 0.45 billion. Sonera employs about 10,000
people. http://www.sonera.com/.

ABOUT HP

Hewlett-Packard Company -- a leading global provider of computing and imaging
solutions and services -- is focused on making technology and its benefits
accessible to all. HP had total revenue of $45.2 billion in its 2001 fiscal
year. Information about HP and its products can be found on the World Wide Web
at http://www.hp.com.

                                      # # #

This document contains forward-looking statements that involve risks,
uncertainties and assumptions. If any of these risks or uncertainties
materializes or any of these assumptions proves incorrect, the results of HP and
its consolidated subsidiaries could differ materially from those expressed or
implied by such forward-looking statements.

All statements other than statements of historical fact are statements that
could be deemed forward-looking statements, including any projections of
earnings, revenues, synergies, accretion or other financial items; any
statements of the plans, strategies, and objectives of management for future
operations, including the execution of integration and restructuring plans and
the anticipated timing of filings, approvals and closings relating to the Merger
or other planned acquisitions; any statements concerning proposed new products,
services, developments or industry rankings; any statements regarding future
economic conditions or performance; any statements of belief and any statements
of assumptions underlying any of the foregoing.

The risks, uncertainties and assumptions referred to above include the ability
of HP to retain and motivate key employees; the timely development, production
and acceptance of products and services and their feature sets; the challenge of
managing asset levels, including inventory; the flow of



products into third-party distribution channels; the difficulty of keeping
expense growth at modest levels while increasing revenues; the challenges of
integration and restructuring associated with the Merger or other planned
acquisitions and the challenges of achieving anticipated synergies; the
possibility that the Merger or other planned acquisitions may not close or that
HP, Compaq or other parties to planned acquisitions may be required to modify
some aspects of the acquisition transactions in order to obtain regulatory
approvals; the assumption of maintaining revenues on a combined company basis
following the close of the Merger or other planned acquisitions; and other risks
that are described from time to time in HP's Securities and Exchange Commission
reports, including but not limited to HP's annual report on Form 10-K, as
amended on January 30, 2002, for the fiscal year ended October 31, 2001 and HP's
registration statement on Form S-4 filed on February 5, 2002.

HP assumes no obligation and does not intend to update these forward-looking
statements.

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT

On February 5, 2002, HP filed a registration statement with the SEC containing a
definitive joint proxy statement/prospectus regarding the Merger. Investors and
security holders of HP and Compaq are urged to read the definitive joint proxy
statement/prospectus filed with the SEC on February 5, 2002 and any other
relevant materials filed by HP or Compaq with the SEC because they contain, or
will contain, important information about HP, Compaq and the Merger. The
definitive joint proxy statement/prospectus and other relevant materials (when
they become available), and any other documents filed by HP or Compaq with the
SEC, may be obtained free of charge at the SEC's web site at www.sec.gov. In
addition, investors and security holders may obtain free copies of the documents
filed with the SEC by HP by contacting HP Investor Relations, 3000 Hanover
Street, Palo Alto, California 94304, 650-857-1501. Investors and security
holders may obtain free copies of the documents filed with the SEC by Compaq by
contacting Compaq Investor Relations, P.O. Box 692000, Houston, Texas
77269-2000, 800-433-2391. Investors and security holders are urged to read the
definitive joint proxy statement/prospectus and the other relevant materials
(when they become available) before making any voting or investment decision
with respect to the Merger.