Tuesday January 4, 4:05 pm Eastern Time

Inacom Sells Product  Customization and Logistics  Operations to Compaq Computer
Corporation

Sale Accelerates InaCom's eBusiness Infrastructure Solutions Focus

Additional  Long-Term  Services  Agreement Ensures Inacom Access To Multi-Vendor
Product  Customization  and  Logistics  and Provides For Compaq  Utilization  of
Inacom Services

OMAHA,  NEB--JAN.  4, 2000-- INACOM CORP. (NYSE:ICO - NEWS) announced today that
it has entered  into a definitive  agreement  with Compaq  Computer  Corporation
(NYSE:CPQ - news) to sell certain operations and assets  principally  related to
InaCom's product customization and logistics capabilities.  Under the agreement,
Compaq will pay $370 million in cash for these operations.

Inacom and Compaq also agreed to enter into a  three-year  Services,  Supply and
Sales  Agreement.  This  agreement  will give  Inacom full access to the product
customization  and  logistics  capabilities  that are being sold to Compaq.  The
agreement  will  also  provide  for  Compaq's  use  of  InaCom's  lifecycle  and
professional   services  offerings  over  the  same  three-year   period.   This
arrangement is expected to provide substantial  incremental services revenues to
Inacom.

"The sale of these  operations  is  perfectly  aligned with  InaCom's  strategic
position  as  the  multi-vendor  eBusiness  infrastructure  expert,"  said  G.A.
Gagliardi, Inacom President and Chief Executive Officer (CEO). "This transaction
allows us to retain our  entry-point to the client - our sales force,  technical
professionals  and the  multi-vendor  procurement and  customization  capability
while  eliminating the significant  working capital  requirements of the product
business.  Both Inacom and Compaq stand to benefit from achieving  critical mass
as Compaq moves increased volumes through the facilities."

"Following  this  transaction,  Inacom will have the optimal  business  model to
design and manage reliable,  secure eBusiness infrastructures for corporations,"
Gagliardi  added.  "Specifically,  Inacom will  continue to benefit  from having
relationships with more than 35% of Fortune 500 corporations;  more than 800,000
seats under management;  and more than 30 long-term,  full outsource accounts as
well as 6,000 technical  professionals.  All of these elements will be maximized
within the framework of an attractive economic and operational structure."

"This  purchase makes great  strategic  sense for Compaq because it gives us the
right  capabilities  quickly  and  cost-effectively,"  said  Michael  Cappellas,
President and Chief Executive Officer (CEO), Compaq Computer Corporation. "We'll
be better equipped to meet the diverse and changing needs of our U.S.  customers
- -  particularly  our major accounts which clearly want to go direct - increasing
our potential for profitable growth."

About Inacom

INACOM CORP. (NYSE:ICO - NEWS) is an eBusiness Infrastructure Management expert.
The company architects, builds and manages solutions that optimize corporations'
return on IT investments.  InaCom's client  portfolio  includes more than 35% of
Fortune 500 corporations.

Forward Looking Statement

This press release contains certain forward-looking  statements based on certain
assumptions and information  currently available to management.  Such statements
are subject to various risks and uncertainties, including those described in the
Company's 1998 10-K Report that could cause actual results to differ  materially
from the results discussed herein.