Compaq offers $699 PC Summary: Compaq Computer Corp. today announced a new Presario PC that starts at $699. By Margaret Kane | October 12, 1998 -- 14:15 GMT (07:15 PDT) The 2266 model features a Cyrix M II 300 Mhz processor, 64 MB of RAM and a 4 GB hard drive. Compaq also announced price cuts to several of its Armada notebooks of up to eight percent. Topic: Hardware Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.