News release

HP and i2 to Deliver Solutions for Supplier Relationship Management and Private Marketplaces

Customers to Benefit from Collaborative Solutions and Best Practices

PALO ALTO, Calif., and DALLAS, Oct. 23, 2001

Hewlett-Packard Company (NYSE:HWP) and i2 Technologies, Inc. (Nasdaq:ITWO) today announced an agreement to provide global HP and i2 customers and trading partners with solutions for private marketplaces and i2 Supplier Relationship Management (SRM).

Private marketplaces give companies the ability to collaborate with their suppliers to reduce overall inventory costs and provide increased visibility throughout the supply chain. Supplier relationship management enables companies and their suppliers to collaborate to create and manufacture cost-effective products faster.

Building on a long-standing relationship, the two companies will enhance, sell and deliver solutions for private marketplaces based on i2 Supply Chain Collaboration as well as the i2 SRM solution running on HP infrastructure. As part of the agreement, HP and i2 have committed resources to develop solution centers and establish joint selling and delivery models. HP also will deliver financing, support, hosting and implementation services for these solutions.

Based on HP's recent decision to implement i2 Supply Chain Collaboration for its own private marketplace, the two companies will leverage their solutions, services and expertise to deliver to customers the same benefits that HP expects to realize internally, including rapid implementation, improved scalability and faster time to market.

"We chose i2 for HP's private marketplace because of the strength of i2's collaborative supply chain offering," said Craig Flower, chief information officer, HP Business Customer Organization. "We expect that HP and its trading partners will recognize significant savings by consolidating their global procurement collaboration activities using i2 Supply Chain Collaboration."

"i2 is excited to be working closely with HP for the deployment of i2 Supply Chain Collaboration for HP and its global supplier base," said Darryll Dewan, senior vice president, i2 Strategic Channels. "Our joint solutions are intended to set new standards for collaboration and supplier enablement and create momentum for i2 and HP to accelerate new business opportunities across the extended value chain."

As part of the expanded relationship between the two companies, i2 also has agreed to standardize its solutions on HP OpenView software as the monitoring component for i2-certified platforms running UNIX® and Windows®.

The two companies also will be leveraging an agreement signed in August enabling HP to host and operate i2 enterprise solutions for dynamic value chain management. HP is an Authorized Hosting Provider for i2 in both North America and Europe.

Webcast

i2 and HP invite you to a live Webcast on Thursday, Oct. 25, from 9:30 a.m. to 1:30 p.m. EDT for an HP presentation during the i2 Five.Two launch. To register for the Webcast, call +1 877 926 9286 or visit www.i2.com.

About i2

For more than a decade, i2 has been a leader in supply chain management. i2 has extended its technology and expertise to Dynamic Value Chain Management -- solutions to help companies collaborate on decision-making processes not only across functions within a single company, but across multiple companies. i2 solutions span the value chain interactions, including customer relationship management, supply chain management and supplier relationship management. Established in 1988, i2 is the only software solutions provider that measures, audits, and reports total value provided to its customers, with a mission to deliver $75 billion in value by 2005. Learn more at www.i2.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.

i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc.

UNIX is a registered trademark of the Open Group.

Windows is a U.S. registered trademark of Microsoft Corp.

i2 Cautionary Language

This press release contains forward-looking statements regarding i2's and HP's ability to implement solutions successfully, in a timely fashion, and to achieve expected benefits, successful integration of solutions and collaboration between i2 and HP. These forward-looking statements involve risks and uncertainties, and actual results may be much different. For a discussion of factors identified by i2 that could cause actual results to differ materially from those forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Form 10-K/A filed August 7, 2001 and Form 10-Q/A filed August 7, 2001. Additionally, i2 assumes no obligation to update the forward-looking statement contained in this news release.

HP Forward-looking statement

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 employee management issues; 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.