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Worldwide Switch Market Share Report Reveals Industry-leading Growth at HP
Dell'Oro Report Shows HP ProCurve Networking Outpacing Market and Competitor Growth
PALO ALTO, Calif., Nov. 18, 2002
HP (NYSE:HPQ) is the fastest growing Ethernet switch vendor for Q3 2002, according to research results from the Dell'Oro Group.(1)
The report, which examines the Ethernet switch market, reveals that the HP ProCurve networking business grew at a rate of 49 percent in terms of total layer 2 through layer 7 port shipments, outpacing competitors Cisco and 3Com as well as the market itself from Q3 2001 to Q3 2002. The Ethernet switch market as a whole grew 29 percent. The report also said that from Q2 2002 to Q3 2002, HP ProCurve Networking grew at 17 percent, nearly twice the overall switch market rate.
HP ProCurve grew 179 percent from Q2 2002 to Q3 2002 in total layer 3 modular ports shipped, moving from 4 percent to 11.6 percent market share.
"Many of our customers are realizing that applications such as mobility, security and convergence require advanced functionality for their enterprise environments," said John McHugh, vice president and general manager, HP ProCurve Networking Business. "These market share growth numbers illustrate that customers are rapidly adopting HP ProCurve networking solutions, which are designed to provide advanced access and distribution at industry low total cost of ownership.
HP provides networking products, services and solutions -- including Ethernet switches, hubs, routing switches and network-management applications -- that allow customers to build networks that meet current and future needs for security, performance and reliability. More information about HP ProCurve networking solutions and products is available at http://www.hp.com/go/hpprocurve.
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 Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.
(1) Q302 vs. Q301 port shipments for Layers 2, 3, 4-7 as tracked by Dell'Oro Group of vendors shipping 500,000 or more ports in Q302.
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 and performance 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 July 31, 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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