News release

HP Bolsters Output Management Portfolio with Introduction of Output Server 3.4.1

Also introduces HP International Printing Solution, enabling printing in multiple languages

HP today expanded its portfolio of output management solutions with the addition of HP Output Server 3.4.1. HP Output Server 3.4.1 enables customers to maintain a central monitoring point for all input and output of documents by allowing them to deliver content flexibly and reliably to multiple output destinations, such as print, fax, Web and e-mail.

HP also announced the HP International Printing Solution, which enables printing in multiple languages - an important consideration for companies with print networks that span throughout multiple geographic regions.

"HP is committed to the Output Server market and has invested heavily in HP Output Server 3.4.1 to answer the demands of our customers," said Sharon Jones, vice president, Enterprise Solutions, Imaging and Printing Group, HP. "A critical tool for managing virtually any business process, HP Output Server helps enterprises ensure business process continuity, and helps them positively impact their bottom line."

HP Output Server

SAP recently validated the importance of the HP Output Server by including the software as a key component in SAP's IT Service & Application Management portfolio - an initiative focused on helping large enterprises lower the total cost of IT operations.

Key improvements to HP Output Server 3.4.1 include:

• MySQL database offers a rich set of database management tools that speed functionality and increase the ability to expedite data processing.



• Firewall navigation allows HP Output Server 3.4.1 to transmit data securely through firewalls, streamlining output to outside vendors.



• Intel Itanium processor-based server support for functionality on HP-UX servers.

U.K.-based analyst firm Strategy Partners advises clients on document management, business process and content management technologies, solutions, and markets. A specific area of focus for the firm is document output management services, which correlates directly with the HP Output Server product suite.

"Our market surveys show the increasing value of composition and print management products that are scalable and pre-integrated," said Rory Staunton, head of research, Strategy Partners. "These result in a lower cost of ownership than the individual components that they supercede."

PacifiCorp, which serves 1.5 million electricity customers in six western states, relies on HP Output Server to manage data flow between its data centers in Portland, Ore., and Salt Lake City, Utah. With the help of HP Output Server, PacifiCorp manages more than 165,000 print, fax and e-mail transactions per month. As PacifiCorp's needs have grown, the HP Output Server has scaled with the company and as a result, the flow of information throughout the company has never been more reliable.

"While we've nearly tripled our printed output since implementing HP Output Server, I remain the only operator needed to manage this substantial increase in volume," said Jennifer Mead, UNIX system administrator, PacifiCorp. "Without Output Server, we would likely need more staff to manage the same amount of throughput."

HP International Printing Solution

In addition to the convenience of printing in multiple languages, the HP International Printing Solution enables substantial cost-savings by eliminating the need for companies to make costly and time-consuming adjustments to hardware and software to suit local languages.

Supporting the Unicode standard, the HP International Printing Solution enables a single device to print in virtually any language by assigning a unique number to each character, regardless of platform, program or language.

Pricing and Availability

HP Output Server 3.4.1 is scheduled to be available in early July starting at the estimated U.S. street price of $50,000. HP International Printing Solution is currently available at an estimated U.S. street price of $199.⁽¹⁾

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 the four fiscal quarters ended April 30, 2004, HP revenue totaled $76.8 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

⁽¹⁾ Actual prices may vary.

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 the Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2004, and other Securities and Exchange Commission reports, filed after the Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2003. HP assumes no obligation and does not intend to update these forward-looking statements.