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HP to Announce Q3 Earnings After Market Close on Aug. 27

Conference Call to Follow Approximately One Hour Later

PALO ALTO, Calif., July 22, 2002


HP (NYSE:HPQ) plans to announce its third quarter earnings for fiscal year 2002 on Aug. 27 after market close (4 p.m. EST, 1 p.m. PST).

A live audio conference call Webcast will follow approximately one hour later. Details of the Webcast will be announced several days prior to the earnings announcement date.

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.

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