News release

HP Expands Award-winning Lineup with $199 iPAQ

HP (NYSE:HPQ) today extended the No. 1 selling Pocket PC family worldwide with the introduction of the lightweight, slim and expandable HP iPAQ Pocket PC h1935 at a price of only $199.⁽¹⁾

Building on the success of the recently announced HP iPAQ h1940 and h1945 models, the h1935 offers consumers and mobile professionals integrated expansion in a slim and sleek design that fits into almost any pocket or purse.

"The HP iPAQ Pocket PC h1935 brings affordable and feature-rich mobile computing to the broader market," said John Dayan, director, HP Handheld and Wireless Business Unit, Americas. "Its slim size and integrated expansion allows consumers and mobile professionals the ability to be productive in and out of the office."

The h1935 incorporates common iPAQ Pocket PC features such as a brilliant and vivid transflective display, a secure digital input/output (SDIO) expansion slot allowing for additional storage and capability, removable battery and mobile printing software.

The innovative transflective liquid crystal display combines the rich color saturation and high contrast of a backlit TFT display, while remaining viewable outdoors in bright sunlight.

The SDIO expansion slot allows customers to do even more with the iPAQ Pocket PC by adding not only memory cards but also wireless cards and digital cameras, such as the recently announced HP Photosmart Mobile Camera.⁽²⁾ In the future, SDIO options from third-party developers may be offered, such as wireless LAN and scanners.

Delivering up to eight hours of battery life, the iPAQ h1935 includes a 900 mAh rechargeable and removable battery for on-the-go power. Customers can remove and exchange the battery without losing valuable data or time, and additional batteries may be purchased. The iPAQ h1935 and a spare battery can be simultaneously recharged while in the optional USB synchronization cradle/charger. The spare battery also can be charged separately in the battery slot in the cradle.

Mobile printing software for the h1935 is available as a free download at http://www.hp.com/go/ipaqsolutions.⁽³⁾ This allows customers to take advantage of the integrated infrared capability to wirelessly print e-mail attachments, documents or photos conveniently from the Pocket PC to a compatible HP printer.

The h1935 also includes HP-exclusive applications that allow customers to get more from their iPAQ Pocket PCs. For example, the HP iPAQ Image Viewer enables easier user navigation for viewing images and creating and viewing slide shows.

A synchronization cable is included with the device, and a variety of optional accessories are available including a USB cradle with an extra battery slot for charging, extra styli, a spare lithium-ion battery, auto adapter and a variety of cases.

Technical information on the HP iPAQ Pocket PC h1935 includes:

• Microsoft Windows® Mobile 2003 software for Pocket PC
• Samsung S3C2410 203-MHz processor
• 64 MB Synchronous SDRAM (56 MB main memory)
• Transflective TFT liquid crystal display with 64K colors
• Dimensions of 4.46 x 2.75 x .5 inches
• Weight of 4.46 ounces
• Removable, rechargeable 900-mAh lithium-ion battery; estimated usage time of a fully charged battery is up to eight hours
• Integrated SDIO slot
• Worldwide 90-day warranty. Next business day replacement CarePAQ available for purchase.

To further expand the capabilities of the HP iPAQ Pocket PC, various solutions and tools are available at the HP iPAQ Pocket PC Solutions Catalog Web site at http://www.hp.com/go/ipaqsolutions.

The new iPAQ Pocket PC h1935 will be available for purchase online.

More information about the h1935 is available in an online press kit at http://www.hp.com/hpinfo/newsroom/press_kits/2003/ipaq/.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totaled $71.8 billion. More information about HP is available at http://www.hp.com.

⁽¹⁾ Estimated street price is U.S. only, and the $199 total price includes the $50 mail-in rebate ($249 plus $50 mail-in rebate). Actual prices may vary.

⁽²⁾ HP Photosmart Mobile Camera is expected to be available in October.

⁽³⁾ Select "printing" option on this Web site.

Microsoft and Windows are U.S. registered trademarks of Microsoft Corp.

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 annual report for the fiscal year ended October 31, 2002 and subsequently filed reports, including its quarterly report for the fiscal quarter ended April 30, 2003. 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.