News release

HP Supports Intel's Pentium 4 Processor Across Consumer and Business Platforms

HP's Pentium 4 Processor Offering Launches with HP Pavilion 9795C Home PC and HP Vectra vl800 Business Desktop PC

PALO ALTO, Calif., Nov. 20, 2000

Hewlett-Packard Company (NYSE: HWP) today announced its fastest PCs ever featuring the Intel® Pentium® 4 processor across consumer and business platforms, including the HP Pavilion and HP Vectra product lines. The integration of Intel's Pentium 4 processor into these platforms reflects HP's commitment to offer customers highly scalable, Internet-ready systems with the best performance, speed and support services on the market today.

HP's Pentium 4 processor offering will begin with the HP Pavilion 9795C home PC and the HP Vectra vl800 business desktop PC, providing customers with the ultimate in performance and power.

Designed for consumers who require a high-speed processor for advanced applications, the HP Pavilion 9795C home PC offers the most compelling features for HP Pavilion power customers. The chassis is the most expandable in the HP Pavilion home PC line, offering maximum upgradability for today's gaming and video editing enthusiasts, and features HP's stylish industrial design with a backlit keyboard and metallic silver and translucent blue coloring.

"We are committed to offering our customers the latest in performance, design and flexibility for home PCs," said Rob Wait, worldwide marketing manager, HP Home Products Division. "With Intel's fastest processor, we are able to continue providing consumers with the highest possible level of performance for demanding activities, such as video editing."

Powered by the Pentium 4 processor and advanced multimedia capabilities, the HP Vectra vl800 business desktop PC is ideal for power users.

"Integrating HP Vectra values of manageability, stability and security, this PC provides customers with maximum performance when dealing with increasingly demanding business applications in a corporate environment," said Craig Ainslie, worldwide Vectra marketing manager, HP Business Desktop Division.

Specifications

The HP Pavilion 9795C home PC comes equipped with the Pentium 4 1.4 GHz processor, 128 MB Rambus, 60 GB hard drive, 8x4x32 Max CD-RW, 12x DVD, IEEE 1394 card, NIC card, 32 MB TNT2 Pro, USB keyboard command center and mouse.

The HP Vectra vl800 business desktop PC integrates the Pentium 4 1.5 GHz processor with i850 chipset, 128 MB Rambus, Matrox Millenium G450 dual graphics, 3Com LAN card, optical mouse, multimedia keyboard, and is preloaded with Microsoft® Windows® 2000 Professional.

Pricing and Availability

The HP Pavilion 9795C home PC, with an estimated U.S. street price of $2,199¹, is expected to be available later this week at computer retailers nationwide. Customers also can configure PCs in the 9700 series chassis with Intel's P4 processor beginning today via HP's build-to-order program at www.hpshopping.com and retail kiosks. More information on HP Pavilion home PCs is available at http://www.hp.com or by calling (800) PCHOME1 (800-724-6631).

More information concerning HP Vectra business desktops is available at www.hp.com/desktops/.

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 88,500 employees worldwide and had total revenue from continuing operations of $48.8 billion in its 2000 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

¹Actual prices may vary.

Intel and Pentium are U.S. registered trademarks of Intel Corporation. Microsoft and Windows are U.S. registered trademarks of Microsoft 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.