News release

HP Bolsters Senior Science and Technology Team by Adding Chief Technology Officer, Chief Science Officer

PALO ALTO, Calif., Oct. 26, 2000

Hewlett-Packard Company (NYSE: HWP) today announced that Richard A. DeMillo has been named vice president and chief technology officer, a new position, reporting to Carly Fiorina, HP chairman, president and chief executive officer.

The company also announced the appointment of Stephen L. Squires as vice president and chief science officer, also a new position. Squires will report to DeMillo.

The move significantly bolsters HP's senior science and technology team. DeMillo has a deep and distinguished technology career that spans business, government and academia, including major positions at Purdue University and the National Science Foundation. He comes to HP from Telcordia Technologies (formerly Bellcore) in Morristown, N.J., where he was general manager of the Internet Systems Group, responsible for development of Web-based software and online services for the telecommunications industry. He was also vice president and general manager of Information and Computer Sciences Research, directing research for the company's software, telecommunications and consulting businesses, as well as government and other externally sponsored R&D programs.

Squires is well known as an architect of the Strategic Computing and High Performance Computing programs at the Defense Advanced Research Projects Agency (DARPA). These programs are recognized as having helped enable the modern Internet, including its scalable parallel and distributed high performance computing systems and introduction of an explicit service layer. Most recently, he served as the Special Assistant for Information Technology in the Office of the Director. In this position he focused on long-term strategic issues including the intersection of biology, information technology and physical sciences announced at the recent DARPA Focus 2000 conference. In addition, he provided technical leadership in information security and global information technology trends, and formulated the strategy for DARPA's new authority to award incentive prizes.

In addition to DeMillo and Squires, Joel Birnbaum, formerly HP chief scientist, will become senior technical advisor to the CEO, continuing to work on special projects. Birnbaum, former HP senior vice president of research and director of HP Labs, retired from HP in April 1999 and remains in a consultant role. Dick Lampman continues as the current vice president, research, and director of HP Labs, which is charged with extending current technologies beyond the product development cycle and exploring 'disruptive' technologies that can change markets and create new business opportunities. Both will continue to report to Fiorina.

As CTO, DeMillo will be responsible for chairing HP's Technology Council, which consists of Lampman, Squires and the chief technology officers of HP's printing and imaging and computing systems businesses. The Technology Council sets the company's technology agenda, evaluates technology standards initiatives, allocates technical resources, coordinates cross-company architecture strategies and platforms, and conducts periodic technology audits.

One of DeMillo's first priorities will be to help HP build a world-class software business based on next-generation Internet technologies, e-services, open standards and architectures.

Squires will coordinate with HP Labs on investigating long-term, strategic scientific and technical directions, including the architecture of the digital renaissance for the 21st century Internet.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on.

HP has 86,000 employees worldwide and had total revenue from continuing operations of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.