(ZDNet) Despite its initial denials, Compaq Australia now admits that it did in fact process the payments of customers who bought Presario laptops for just one cent as a result of an online pricing hiccup. As such, the hardware giant has promised to provide refunds to hundreds of customers who took advantage of the implausible offer. Compaq is still adamant, however, that it is not obligated to honor the accidental one-cent pricing, despite mounting industry criticism and ongoing threats of a customer-initiated class action law suit.

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