HP Announces Resumption of Share Repurchases
PALO ALTO, Calif., May 20, 2002
HP (NYSE: HPQ) today announced that it has resumed its normal stock repurchase activities. The company has authorization of approximately $1.4 billion for the repurchase of shares as part of the company's share repurchase programs. These programs had been suspended while the company's registration statement of Form S-4 related to its merger with Compaq Computer Corp. was effective.
HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access
devices, global services and imaging and printing. HP merged with Compaq Computer Corp. on May 3, 2002. The merged
company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries.
More information about HP is available at http://www.hp.com.