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HP Applauds Bipartisan “America COMPETES Act”

Statement by David Isaacs, HP Director of Federal Government Affairs

WASHINGTON, March 7, 2007

"HP strongly supports the ‘America COMPETES Act’ (S. 761), introduced Monday by a bipartisan group of U.S. Senators. This legislation will help drive innovation and enable American companies to remain competitive in today’s global marketplace.

“HP thanks the sponsors of this bill, Senate Majority Leader Harry Reid (D-NV) and Minority Leader Mitch McConnell (R-KY), among many others, for their efforts to strengthen our nation’s workforce and allow American businesses to innovate.

“Global competitiveness for America and U.S. businesses will be sustained only if there is collaboration in addressing this challenge. U.S. economic security cannot be secured by the private sector alone; it will require a team effort of the government and private sector. This Act is an important step in that direction.

“The America COMPETES Act will strengthen three fundamental areas critical to America’s competitiveness: education, research and innovation infrastructure. The Act will increase funding for education and training in the Science, Technology, Engineering and Math (STEM) fields, increase investment in cutting-edge research, and invest in an innovation infrastructure that will ensure American competitiveness remains a long-term priority.

“HP looks forward to continuing to work with lawmakers from both sides of the aisle on this and other important legislation that will allow HP and all American

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $94.1 billion for the four fiscal quarters ended Jan. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.


© 2006 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

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