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Yahoo!, Compaq set deal
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June 9, 1998: 1:10 p.m. ET
Computer maker will feature Internet giant's Web page on new PCs
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NEW YORK (CNNfn) - Yahoo! Inc. said Tuesday its personalized Web site will be the default home page for Compaq Computer Corp.'s new Internet service.
A co-branded version of Yahoo!'s personalized Web page, My Yahoo!, will be the start page for Compaq's new Easy Internet Access Powered by GTE service.
My Yahoo! will be offered on Compaq's new line of Presario Internet PCs, which feature a button on a special keyboard that leads users directly to Compaq's Internet services.
Financial terms weren't disclosed.
Shares of Yahoo! (YHOO) soared in midday trading, climbing 4-7/8 to 114-1/4. Compaq (CPQ) shares gained 7/8 to 29-5/8.
The agreement calls for My Yahoo! to provide access to information on Compaq products, services and customer support. My Yahoo! features links to news, sports and financial information, all of which can be customized to individual tastes.
Ellen Siminoff, Yahoo! vice president of business development, said the company may be looking to establish similar partnerships with other computer makers.
By providing one-button access to its new Internet service, Compaq becomes the latest computer maker to allow users to bypass the initial Windows desktop to feature its own services.
Last month, Gateway Inc. and IBM Corp. announced they were configuring their new computers to make their own Internet services more prominent. 
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