News release

BEA Systems and HP Team to Deliver Integrated Solutions to the Enterprise

Companies To Jointly Market BEA's Application Infrastructure Software Across All HP Hardware Platforms

PARIS, BEA eWorld Europe 2002 and PALO ALTO, Calif. -- June 24, 2002

Building on the strength of their existing relationship, BEA Systems, Inc. (Nasdaq: BEAS), the world's leading global application infrastructure software company, and HP (NYSE: HPQ), a leading global provider of products, technologies, solutions and services to consumers and businesses, today announced that the two companies are expanding their efforts to jointly market, sell and deliver integrated solutions, including hardware, software and services, across all HP operating systems. The systems include HP-UX, OpenVMS, NonStop Kernel (NSK) and Tru64 Unix on current standard platforms and future Itanium platforms, as well as Windows 2000, Windows NT and Linux.

Under the terms of the agreement, the companies have named each other as preferred strategic partners. BEA and HP will jointly identify and deliver J2EE e-business solutions using BEA's application infrastructure solutions for joint enterprise customers. HP will become a preferred strategic systems integration partner of BEA with a dedicated team of BEA-certified consultants and HP-UX will become BEA's first enterprise-class UNIX operating environment supported on the Itanium processor family. The expanded relationship will further HP's enterprise integration offerings, helping enable customers to deploy seamless business process applications to maximize existing infrastructures and create high returns on investment. Additionally, HP is evaluating the BEA WebLogic JRockit Java Virtual Machine (JVM), with the potential to standardize on JRockit across HP's enterprise servers for all operating systems and server lines for the Intel architecture.

"BEA is excited to be working with HP to provide our joint customers with one of the most powerful, integrated and cost effective multi-OS, multi-platform enterprise solutions available on the market today," said Scott Dietzen, chief technology officer, BEA Systems. "All of this, combined with HP services focused on BEA products, will allow our joint customers to immediately take full advantage of the power that our solutions offer."

"BEA Systems' leadership in the application server market makes them a natural choice for our enterprise customers since they are able to deliver highly scalable, industry-leading e-business solutions that support HP's multi-OS strategy," said Peter Blackmore, executive vice-president, HP enterprise systems group. "We are delighted to be working together to accelerate the adoption of the Itanium processor family in the market, and as J Rockit, BEA's Java Virtual Machine, is well-suited to drive market momentum in the IA-32 and Itanium space HP is looking forward to taking advantage of this technology."

In addition, as part of the agreement, HP will be a BEA preferred strategic partner for services management via HP OpenView. HP OpenView is an industry-leading software portfolio for managing and optimizing services over IT, voice and data infrastructures.

About HP

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 completed its merger transaction involving Compaq Computer Corp. on May 3, 2002. The company would have had combined revenue on a pro forma basis with the Compaq transaction of approximately $81.1 billion in fiscal 2001 and has operations in more than 160 countries. More information about HP is available at http://www.hp.com.

About BEA

BEA Systems, Inc. (Nasdaq: BEAS) is the world's leading application infrastructure software company, providing the enterprise software foundation for 13,000 customers around the world, including the majority of the Fortune Global 500. BEA and its WebLogic® brand are among the most trusted names in business.

Headquartered in San Jose, Calif., BEA has 91 offices in 33 countries and is on the Web at www.bea.com.

BEA, BEA Tuxedo, BEA WebLogic, BEA WebLogic Enterprise, BEA WebLogic Enterprise Platform, BEA WebLogic Server, BEA WebLogic Integration, BEA WebLogic Portal and BEA WebLogic Workshop are trademarks or registered trademarks of BEA Systems, Inc.

Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including the statements regarding HP's and BEA's efforts to and success at jointly marketing, selling and delivering solutions; the completion, implementation, benefits, and details of the alliance agreement between BEA and HP; the outcome of HP's evaluation of JRockit; and the acceleration of the adoption of Itanium. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that could cause results to differ materially include risks associated with: any unforeseen technical difficulties related to the ongoing development and optimization of BEA solutions; the timing of additional investments by BEA and HP in resources for supporting the implementation of our agreement; technological and competitive changes in the marketplace for enterprise-wide software solutions and related hardware solutions, including the introduction of products and technologies competitive with BEA's and HP's products; any software errors or other technical problems related to BEA's or HP's products; and competitive market and technological conditions that could impede the adoption if Itanium. Readers should also refer to the risk disclosures set forth in BEA's 10-Q for the quarter ended April 30, 2002, as filed with the SEC and subsequent reports filed thereafter from time-to-time with the SEC. The forward-looking statements contained in this release are made as of the date hereof, and BEA does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.