News release

HP Trade Up Program Eases Transition for Identity Management Software Customers

HP targets Computer Associates and Netegrity customers with discounts, free services

HP today announced "HP Select," a program to help customers address challenges that may arise in the areas of identity and access management as a result of Computer Associates' planned acquisition of Netegrity.

Qualified customers can trade up to HP OpenView Identity Management Solutions with discounts up to 20 percent to 80 percent off solutions purchased directly from HP or via its channel partners through Jan. 31, 2005. Other incentives may include complimentary HP consulting, such as an identity management needs assessment and cost analysis.

HP's offer to Computer Associates and Netegrity customers provides a path for easy, seamless integration of provisioning, access and user management using their existing infrastructures. HP's identity management solutions, such as HP OpenView Select Identity, streamline the management of users and their secure access to network and enterprise resources, helping customers reduce overall IT costs and improve compliance.

"Identity management is an area where customers can't afford disruption or uncertainty," said David Petts, vice president, Software Business - Americas, Management Software Organization, HP. "HP's business-driven, service-oriented identity management approach enables an Adaptive Enterprise with the agility needed to meet changing organizational and regulatory requirements. As a result, customers can realize a lower total cost of ownership and improved return on investment."

"Our customers are primarily in the healthcare, pharmaceutical and financial services industries - all of which have evolving regulatory requirements that result in complex identity management needs," said Brad Osborne, director and practice manager for Identity and Access Management, Melillo Consulting in Washington, D.C. "These customers want a solution that they can rely on to meet their changing business needs in the long term. With an object-oriented approach, HP OpenView Select Identity is adaptable and enables customers to address change at a lower cost."

HP's comprehensive line of identity management solutions also includes HP OpenView Select Access, which provides systematic and secure user access to network services and enterprise resources. When integrated together with HP OpenView Select Identity, the solutions streamline the management of users and their secure access to network and enterprise resources. For customers, the result is ease of use, expedited deployment, reduced IT costs and the ability to handle change more easily.

For more information about the HP OpenView portfolio and the HP Select program, contact hp-select-trade-up@hp.com.

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 July 31, 2004, HP revenue totaled $78.4 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services 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 period ended July 31, 2004 and other reports filed after HP's 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.