News release

HP and Inktomi Announce Alliance to Create Intelligent Caching and Streaming Media Appliances

HP Netserver Hardware Integrated with Inktomi Software to Accelerate e-Business and Optimize Performance

PALO ALTO and FOSTER CITY, Calif., Feb. 21, 2001

Hewlett-Packard Company (NYSE:HWP) and Inktomi Corp. (Nasdaq:INKT), developer of scalable Internet infrastructure software, today announced that HP has agreed to build intelligent caching and streaming media appliances using Inktomi's leading network infrastructure software. HP will embed Inktomi® Traffic Server® and Traffic Server Media-IXT™ software into customized HP Netservers to create three new products for edge and server caching and streaming.

HP and Inktomi are working together to offer three reliable and scalable HP server appliances -- the HP Web Cache SA 2100, the HP Web Cache SA 2200 and the HP Media Cache Server Appliance SA 2250 - designed to enable caching and fast delivery of rich media content. These caching server appliances are designed to allow service providers and enterprise customers to accelerate e-business and optimize data center performance by maximizing available bandwidth, improving response time and off-loading tasks from critical servers. These products are expected to begin shipping in Q2 2001.

" HP aims to work with leading vendors such as Inktomi to create the best appliance solutions for its customers," said Frank Harbist, general manager, HP Server Appliances. " HP has broad caching experience and is pursuing the caching and streaming server appliance market - among the industry's fastest growing segments. This alliance with Inktomi demonstrates HP 's commitment to its customers to deliver the broadest and deepest range of server appliances for an always-on Internet infrastructure."

"Inktomi's network infrastructure software platform enables dramatic efficiency and performance benefits for distributed enterprise and service provider networks," said Ted Hally, senior vice president and general manager, Network Products Division at Inktomi. "Inktomi looks forward to working with HP on building intelligent caching appliances and providing core technology for this new appliance initiative."

The agreement with Inktomi positions HP to offer the widest range of caching and content distribution solutions incorporating Inktomi software and represents an important milestone in HP 's strategy to become a leader in the server appliance marketplace -- a market that International Data Corporation is projecting to grow to $13 billion by 2004(1).

Today's news also highlights the importance of HP 's recent announcement with Intel(2) in the server appliance market. HP and Intel plan to help transition existing Intel customers who wish to adopt the HP and Inktomi caching solution that includes HP 's unparalleled service and support. Over a month ago, HP was named as the first major OEM of Intel's NetStructure™ appliance server line. Following the announcement, HP and Intel have worked extensively to ensure a smooth transition and develop products that address the needs of both HP and Intel's customers.

About Inktomi

Based in Foster City, Calif., Inktomi develops and markets scalable infrastructure software that is essential to the Internet. Inktomi's business is divided into Network Products, comprised of industry leading solutions for network caching, content distribution, and media broadcasting; Search Solutions, providing search and content classification products and services to Internet portals, destination sites and enterprises; and Wireless technologies. Inktomi's customer and strategic partner base includes leading companies such as AOL Time Warner, AT&T, Excite@Home, HP , Intel, iWon, Merrill Lynch, Microsoft, Nokia, Sun Microsystems, and Yahoo! The company has offices in North America, Asia and Europe. For more information visit www.inktomi.com.

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.

(1) IDC Report, January 2001: "InfiniBand Server Market Forecast and Analysis 2001 - 2004." This figure does not include additional revenue that could be generated by storage appliances.

(2)" HP and Intel Announce Plans to Deliver Intel NetStructure Products to Service Providers", Dec. 21, 2000

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

Inktomi, Traffic Server, Media-IXT and the tri-colored cube design are trademarks or registered trademarks of Inktomi Corporation in the United States and other countries.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the respective results of (1) HP and its consolidated subsidiaries and/or (2) Inktomi to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include the ability of HP to retain and motivate key employees; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; 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, 2000, and subsequently filed reports. For risk factors associated with the financial and operating performance of Inktomi, see "Factors Affecting Operating Results" contained in our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 14, 2001 and in other reports filed by Inktomi with the Securities and Exchange Commission. HP and Inktomi do not intend to update these forward-looking statements.