News release

HP Announces Home PC With Sleek, Innovative Design

HP Pavilion 2755C Home PC Combines Space-saving Form Factor and Stylish Look With Superior Performance

PALO ALTO, Calif., Nov. 8, 2000

Hewlett-Packard Company (NYSE: HWP) today announced the introduction of the HP Pavilion 2755C home PC featuring a space-saving form factor. Available via http://www.hpshopping.com/ and at retail kiosks nationwide, the new HP Pavilion home PC offers a dramatically re-designed chassis that is about the size and shape of a cereal box.

With U.S. estimated street prices starting at $1,049¹, the HP Pavilion 2755C home PC was developed for the consumer who values style and functionality in one machine. The thin, sleek chassis can be positioned on its side or vertically, giving users the ability to save space like never before and making it ideal for any room in the home. The HP Pavilion 2755C home PC is a solid-performing computing solution that offers consumers the ability to expand and upgrade their system. The HP Pavilion 2755C home PC is equipped with a Pentium III® 800 MHz processor, 128 MB SDRAM, 20 GB hard drive, and CD-RW. It also is accented with translucent blue and metallic gray coloring and features the HP illuminated Internet command center keyboard.

"Our research, including a just-completed major study, finds that the older, traditional PC box design is on its way out," said Roger Kay, IDC manager of desktop PC research. "By 2003, the sleek, small and stylish designs will account for more than 40 percent of all U.S. desktop shipments."²

"The HP Pavilion 2755C home PC is just the beginning of what consumers can expect to see from HP in the future," said Sam Szteinbaum, business manager, HP North America Consumer Computing Organization. "With this dramatic re-design, HP has allowed the home PC to come out of the den or office and into the living room or kitchen."

Specifications

Standing at 13-inches tall, 14-3/4-inches deep and 4-inches wide, the HP Pavilion 2755C home PC marries compact size and style with performance. The HP Pavilion 2755C home PC comes equipped with an Intel(TM) Pentium III 800 MHz processor, 128 MB SDRAM with up to 11 MB for video memory, a 20 GB hard drive, CD-RW, 10/100 BT Ethernet card, v.90 56K modem, Polk Audio stereo speakers and a one-touch, back-lit Internet keyboard and is priced at $1,049 (U.S. estimated street)¹.

Availability

The HP Pavilion 2755C home PC is available today via http://www.hpshopping.com and retail kiosks nationwide. More information on HP Pavilion home PCs is available at http://www.hp.com or by calling 1-800-PCHOME1 (1-800-724-6631).

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.

¹ Actual prices may vary.
² "The Evolving Desktop Form Factor: A U.S. Forecast," Nov. 1999

Intel and Pentium are U.S. registered trademarks of Intel Corp.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K for the year ended Oct. 31, 1999, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP does not intend to update these forward-looking statements.