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Compaq Computer Corporation | 1,120 followers on LinkedIn. Inspiration technology | Compaq (a portmanteau of Compatibility And Quality; occasionally referred to as CQ prior to its final logo) was a company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced some of the first IBM PC compatible computers, being the first company to legally reverse engineer the IBM Personal Computer. It rose to become the largest supplier of PC systems during the 1990s before being overtaken by Hewlett-Packard (HP) in 2001.