News release

HP Acquires Trinagy, Inc. to Expand HP OpenView e-Services Management Software

PALO ALTO and TORRANCE, Calif., Aug. 9, 2001

Hewlett-Packard Company (NYSE:HWP) and Trinagy, Inc. today announced the companies have signed a definitive agreement under which HP will acquire Trinagy, a privately held supplier of advanced network performance management software for enterprise and service provider customers.

Trinagy's software will augment the HP OpenView e-services management software portfolio and further its position as one of the industry's most comprehensive offerings.

With these solutions, customers can maximize the performance and availability of business-critical applications and services delivered over the network. This includes the ability to:

• quickly identify network performance problems;
• automatically analyze and predict performance issues before they affect services;
• accurately project and allocate appropriate levels of network capacity needed to develop new services that drive new revenues; and
• deliver customized reports for in-depth network analysis.

Trinagy's solutions complement the HP OpenView portfolio by being modular, highly scalable and built on open architectures. In addition, Trinagy has a strong presence in the service provider market, in which HP OpenView solutions already manage the top 10 U.S. service providers.

"Today companies must do more than simply monitor their ever-expanding networks -- they must turn their networks into a primary competitive advantage," said Patty Azzarello, vice president and general manager, HP OpenView Business Unit. "With the addition of Trinagy solutions to the HP OpenView suite, customers can better characterize the performance of their networks. This is essential to managing successful e-services and providing an optimal customer experience."

"Winning software companies know that merely managing technology and providing point solutions are yesterday's strategies," said David Woodall, chief executive officer, Trinagy. "Service providers and enterprises have been demanding the integration of fault and performance management because they recognize that both uptime and performance drive their business success. The integration of Trinagy capabilities with the HP OpenView portfolio gives customers a network management solution that leapfrogs our competition."

HP is the leading provider of e-services management solutions with its HP OpenView portfolio of management software and services. These solutions drive breakthroughs in business performance by enabling service providers, enterprises and Internet businesses to consistently meet and exceed customer expectations for service performance. HP OpenView solutions are at work in more than 135,000 multivendor customer environments worldwide. Together with offerings from more than 200 HP OpenView partners, HP offers a comprehensive portfolio of network, Internet, systems, storage, application and service management solutions. Information about HP OpenView software solutions can be found on the World Wide Web at http://www.hp.com/openview.

About Trinagy, Inc.

Trinagy, Inc. is a performance management pioneer, offering complete, end-to-end solutions that enable service providers and enterprises to improve, maximize and guarantee performance and service delivery. Trinagy's Insight Plus suite is packaged to meet specific customer requirements for networks, applications, dial-up and broadband access, and VoIP. In addition to service-specific reports and data collection software, each Insight Plus solution includes TREND, a powerful, open network repository and database engine. Trinagy's Insight Plus solutions provide unequaled scalability, flexibility and portability -- in short, substantial competitive advantage -- for major customers such as AT&T, MCI, British Telecom and IBM worldwide. More information can be found on the World Wide Web at http://www.trinagy.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.

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 assumes no obligation and does not intend to update these forward-looking statements.