News release

HP Introduces Rapid PC Deployment Solution to Reduce IT Costs

HP Also Unveils Latest Notebook and Desktop Products and Instant Support Services for Customers

NEW YORK CITY, PC Expo, June 25, 2001

Hewlett-Packard Company (NYSE:HWP) today introduced a rapid deployment solution that significantly increases a company's ability to remotely deploy, manage and recover desktop and notebook PCs in large network environments across multiple operating systems.

HP also unveiled two consumer notebook PCs, a liquid crystal display (LCD) monitor, wireless desktop accessories and expanded Web-based instant support services. These products and services help customers meet their evolving computer needs -- at home, in the office and on the road.

The HP rapid deployment solution, powered by Rembo Auto Deploy and Rembo Auto Backup, offers businesses an easy way to quickly deploy thousands of individualized PCs in a short time. HP is implementing the solution and expects to deploy 70,000 PC units globally in less than 6 months.

The solution helps information technology (IT) managers save time by assisting them in effectively maintaining and deploying software images, automating installations and customizing across multiple locations. This also helps to reduce the overall cost of deploying and maintaining PCs.

In addition, HP now provides customized software services for overall project management. The rapid deployment solution supports both HP and non- HP notebook and desktop PCs running either Microsoft®- or Linux-based operating systems.

For the ongoing management of hardware and software imaging, HP also provides PC management services. This outsourcing solution includes a core set of client, server, network and support capabilities to help companies control IT costs and increase end-user productivity through standardization, centralized IT management and improved service levels.

"HP brings a strong set of assets to customers around the world," said Webb McKinney, president, HP Business Customer Organization. "With the HP rapid deployment solution, HP is delivering on its promise to provide customers with a breadth and depth of products and solutions that can simplify PC deployment and reduce overall operating costs."

PCs, Display Units, Accessories and Extended Instant Support Unveiled

The HP Pavilion n5430 and HP Pavilion n5470 notebook PCs introduced today offer retail customers additional performance features and value in a portable platform. Featuring AMD's fastest Athlon and Duron mobile processors with AMD's PowerNow! technology, the competitively priced notebook PCs are configured to offer users increased multi-media options, such as the ability to record CDs and view DVDs.

Newly announced accessories for the HP Pavilion n5000 series include a 3Com Bluetooth PC card and an integrated mini-PCI modem/LAN, both of which enable convenient and reliable wireless computing.

For desktop users, HP introduced a 17-inch LCD pivot display (the HP L1720 monitor), rounding out the family that already includes 15-inch and 18-inch LCD monitors. New desktop PC accessories include an ergonomic cordless keyboard and mouse kit.

Expanded HP Instant Support services can benefit both notebook and desktop PC users with online diagnostics and resolution. This integrated phone- and Web-based service now incorporates extended Web support capabilities for networked and local printers; the ability to download BIOS and driver updates; and significant enhancements that make HP Instant Support easier to use. With a new self-help capability, HP Instant Support enhances the customer experience by providing users with timely access to information and assistance, as often as they need it.

HP Showcase Information

HP is showcasing a variety of products in its booth (No. 2204) on the trade show floor during PC Expo, being held June 26-28 at the Jacob Javits Convention Center in New York City. Conference attendees will have the opportunity to experience HP equipment firsthand, including consumer and business notebook PCs, desktop PCs and printers, as well as digital cameras, software and the latest in server technology.

Additional information about these products and services can be found in HP's PC Expo online press kit.

More information about Rembo technology can be found at http://www.rembo.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 all. 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.

Microsoft is a U.S. registered trademark 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 statements that could be deemed 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, 2000, 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.