News release

Wireless Technology Improves Operational Efficiencies and Productivity

GENEVA, March 1, 2001

Hewlett-Packard Company (NYSE:HWP) and Hong Kong Airport Services (HAS) today announced a joint initiative to provide ramp management technology to aircraft handling companies worldwide. The ramp management solution, already implemented by HP at the ultra-modern Chek Lap Kok (CLK) airport in Hong Kong, uses wireless technology to improve all-around operational efficiencies and productivity.

At the core of the technology is ramp management software that gives staff in the airport control room the ability to virtually "see" the entire airport through their computer screens. Working in conjunction with two human resource modules, the software allows handling agents to deploy their teams across airports in the most efficient way.

Information is relayed between control rooms and workers on the ramp using wireless terminals; this substantially reduces radio-based voice communication and helps ensure that handling companies can provide accurate records for their customers.

"There are many companies across the world who have expressed their interest in this kind of solution," said Paul Tschopp, manager, HP Aviation and Transportation Business. "They're excited because it's a fully integrated solution with modules for ramp management, human resources, finance and accounting -- addressing many of their industry-specific needs."

"With the wireless terminals, we can tell our teams of major changes to operations -- such as aircraft gate changes," said Bordford Kwan, automation manager, HAS. "But even more importantly, our staff can easily record operational information.

"So, for example, when a plane arrives at a gate, the handler presses a single button to record the time. The handler does the same to record the times of the first and last bags to be offloaded, the same information for transit baggage, cargo and so on.

"This information helps us provide detailed information to our customers if they have any questions regarding the time we spent working on a particular flight. And we can also use the data to identify any areas where we might be able to improve our performance."

In addition to airport-specific databases and links to SITA, the modular system also contains applications covering finance and accounting, shift rostering, time attendance and human resources management. According to HAS, since its implementation of the solution, the company has become one of the most productive organizations of its type in Asia.

The two companies plan to jointly market the solution and pursue business opportunities in the aviation marketplace.

About HAS

Hong Kong Airport Services (HAS) is part of the Swire Group, the parent company of airlines Cathay Pacific and Dragonair. It was established in 1998 upon the opening of the new Chek Lap Kok airport in Hong Kong and is now the largest ramp handling services firm at the airport.

HAS employs 1,500 people and handles more than 250 flights per day at CLK. Its 29 customers include many of the world's leading airlines, including Singapore Airlines, Swissair and Japan Air Lines.

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 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.

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 results of HP and its consolidated subsidiaries 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. HP does not intend to update these forward-looking statements.