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HP Wins Customers with Open Storage Infrastructure Solutions
PALO ALTO, Calif., Oct. 31, 2002
HP (NYSE:HPQ) today announced several new customers that have increased their ability to respond rapidly to changes in market conditions or customer demands with HP storage solutions. The companies, Health Net, Independence Blue Cross and Siemens Westinghouse, have recently selected HP as their storage partner to develop and expand open storage infrastructures.
"Representing multiple industry segments, these wins are a clear indicator of the business advantage that customers can achieve with controllable, resilient and extensible networked storage solutions from HP," said Howard Elias, senior vice president and general manager, HP Network Storage Solutions. "We are especially pleased to demonstrate continued customer success in heterogeneous storage environments during these challenging economic times."
Details of the new wins include:
- Health Net, one of the nation's largest publicly traded managed health care companies, purchased $1 million in networked storage from HP this quarter.
- Independence Blue Cross recently signed an agreement with HP for phase one of its storage implementation which includes virtualization, storage management and data migration software.
- Siemens Power Generation Group, a global leader in the power industry, recently purchased a new HP StorageWorks XP1024 disk array. The agreement includes software, director and professional services to support the new 13-terabyte system. Siemens offers a full spectrum of innovative, environmentally friendly, cost-effective power generation products and services, including gas and steam turbine-generator technology; world-class process control and power management systems; operations and maintenance support; power plant modernization and upgrades; and fuel cells for the distributed generation market.
According to IDC, with HP and Compaq revenues combined, HP storage is ranked No. 1 in Disk Storage Systems Factory Revenue, Second Quarter 2002, with revenues of $1,171 million and a 25 percent market share.(1)
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. More information about HP is available at http://www.hp.com.
(1) Source: Worldwide Quarterly Disk Storage Systems Tracker, September 2002. IDC.
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 HP's quarterly report on Form 10-Q for the quarter ended April 30, 2002 and reports filed subsequent to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001. 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.
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