News release

HP Unveils New Products and Outlines Vision for a Connected World at CeBIT

HANOVER, Germany, CeBIT 2002, March 12, 2002

Hewlett-Packard Company (NYSE:HWP) today described a range of futuristic technologies and applications designed to help deliver the company's vision of anytime, anywhere communication for everyone.

The technologies include HP's leading research in the field of molecular electronics which could ultimately lead to the development of computers the size of a dust particle. HP also is working to create planetary-scale computing where giant facilities will have the capability to supply virtually limitless computing power whenever it is needed, much as utilities deliver water and energy today.

At HP's international press conference during CeBIT, the world's largest IT trade show, Dr. Per-Kristian Halvorsen, Solutions and Services Center Director at HP Labs, described a future world where information technology is seamlessly available to people in both the developed and the developing worlds, a world in which people everywhere can access services, information and entertainment wherever they go.

Halvorsen said that extending the benefits of technology to a wider cross-section of society is an essential part of the vision of HP Labs, HP's central research facility. "We are, for instance, researching the feasibility of a simple person-to-person, multi-media access device for use in developing countries which is inexpensive, easy to use and close to indestructible," he said. "As with all our research, we are starting with the end user, understanding their needs as well as language and other barriers to using technology."

During the news conference, HP outlined its intention to put customers at the center of today's products and services. Delivering against this strategy, HP announced new additions to its business-to-business and consumer portfolios, including the products described below. Detailed information about these new products can be accessed at http://www.hp.com and http://www.hp.com/de/presse/cebit.

For Business Customers:

Multifunction products designed to enable users to print, copy, fax and digitally send documents over the Internet, including the HP LaserJet 4100mfp series and HP LaserJet 9000mfp series.

The large-format HP Designjet Copier cc800ps for print service providers and other professionals requiring color copying, scanning and printing-on-demand of large-sized documents.

The HP Jetdirect 680n 802.11b, an internal wireless print server, and the HP Jetdirect 380x 802.11b, an external wireless print server, both designed for small- to medium-sized businesses.

A new range of Intel®-based servers covering the entire business-to-business market, including: HP Servers tc2110, tc3100 and tc4100.

HP SANlink, a network virtualization appliance that presents multi-vendor storage capacity as a single, logical pool that can be easily and centrally managed.

The new HP Surestore Disk System 2300, a SCSI-connect storage device that comes equipped with fully redundant power supplies and the capacity to hot-swap components.

For Consumers:

The HP Photosmart 812 digital camera featuring HP Instant Share technology. At the touch of a button users can distribute and share images across the Internet in a variety of formats.

New combination DVD+RW/+R / CD-RW drives, which allow customers to create CDs and DVDs containing video, images, music and data. The HP DVD Writer dvd200i, a powerful internal drive, and the HP DVD Writer dvd200e, HP's first external DVD+RW drive, include features making them very easy for consumers to use and enabling the creation of DVDs by notebook PC owners.

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 of $45.2 billion in its 2001 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

Intel is a U.S. registered trademark of Intel Corporation.

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