News release

HP and Scholastic Administr@tor Name Winners for Annual Create-a-Calculator Contest

Students, educators and administrators in high schools and universities win thousands of dollars in scholarship awards and calculators

HP and Scholastic Administr@tor™, the leading professional resource for technology officers and administrators published by Scholastic, today announced the winners of their Create-a-Calculator contest, a nationwide competition that encourages high school and university students to enter their most imaginative calculator inventions.

Tim Wessman and Chris Camporeale, the respective winners of the university and high school divisions, each received thousands of dollars in scholarships in addition to the latest HP calculators.

Another contest winner, Cerritos High School in Cerritos, Calif., made a big impression with the judges - with the most entries, 52, and most winners, six. The school was awarded 50 HP 39g+ graphing calculators and Cindy Ravalo, the teacher who organized and submitted the entries, received a $750 grant to be used toward the school. A complete list of winners, including those from Cerritos High School, is available at http://www.hp.com/calculators.

"The Create-a-Calculator contest provides students a first-hand opportunity to directly impact the design of current and future HP calculators," said Fred Valdez, general manager, Calculator Division, Personal Systems Group, HP. "The contest provides HP an excellent venue to better understand unique student requirements. We give every entry serious review and use this knowledge to continue providing students with the best calculators possible."

HP and Scholastic created the contest in 2003 as a way to encourage students to become inventors by designing an original product that was both visually appealing and functional.

"As the leading professional resource for administrators and technology officers, Scholastic Administr@tor is pleased to offer students across the country the opportunity to develop and expand upon their own creative ideas for technology innovation in the classroom," said Michele Robinson, group publisher, Scholastic Professional Magazines.

First place: University division

Wessman, a student at Brigham Young University in Utah, secured first place in the university category for his "HP-50" calculator entry designed for use in the field with the ability to network with other devices in order to more efficiently store and transmit calculations.

Currently pursuing a degree in manufacturing engineering, Wessman's impressive entry included suggested designs for keyboard and interface, user programs, compatibility, communication, test mode and durability.

"I was trying to design a device that would interact seamlessly with other pieces of professional equipment including computers, data collection equipment and lab tools," said Wessman. "I wanted to design a new class of device designed to be useful for university students, but more targeted for professionals in technical fields."

Wessman hopes to someday design personal electronic devices and has written several programs for use on HP calculators. Wessman is the recipient of a $4,000 scholarship and an HP 49g+ graphing calculator.

First place: High school division

Camporeale, first place winner in the high school division, designed his "HP X-1" calculator with integrated wireless communications, Bluetooth™ wireless technology, color-touch screen, compact flash memory, C++ programming language, 4-dimensional graphing and an emergency backup battery.

"Winning first place was entirely unexpected," said Camporeale, who became a Microsoft® Certified Professional at 14. "I would like to continue in this field. I plan to invest the money and use it towards funding college."

Camporeale, who will be a sophomore at Canton High School in Canton, Conn., this fall, is the recipient of a $3,000 scholarship and an HP 39g+ graphing calculator.

The judging panel for the Create-a-Calculator contest included members from the American Society of Engineering Education (ASEE), employees of HP, and editors from Scholastic Administr@tor magazine and Scholastic's teen magazine network.

Winners will be featured in the September 2005 issue of Scholastic Administr@tor, the October 2005 issue of ASEE's PRISM magazine and on http://www.hp.com/calculators, http://www.scholastic.com/calculator and http://www.engineeringk12.org.

In 1972, HP invented the first handheld scientific calculator. Since then, HP has invented nearly 100 calculator models for use in schools and primarily engineering, surveying and financial professions.

More details on the contest and HP's complete line of graphing, scientific and financial calculators, as well as virtual classes, online webinars, and step-by-step learning modules for each of HP's current range of calculators is available at http://www.hp.com/calculators.

Scholastic Administr@tor is the leading professional resource for today's results-driven school leaders, reaching 300,000 school technology officers, superintendents, principals, school board presidents and technology coordinators. By providing insights into effective technology and leadership strategies through real-world examples and facilitating a dialogue among administrators, the magazine serves as a clearinghouse of concise and practical ideas, smart leadership strategies, and proven technology solutions. More information is available on http://www.scholastic.com/administrator.

The American Society for Engineering Education is a non-profit member association, founded in 1893, dedicated to promoting and improving engineering and technology education. ASEE's members are more than 12,000 engineering deans, professors, instructors, students and industry representatives. ASEE is committed to promoting engineering in the K-12 classroom. Visit http://www.asee.org or http://www.engineeringk12.org for more information.

About Scholastic

Scholastic Corporation (Nasdaq: SCHL) is the world's largest publisher and distributor of children's books. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries, and television networks; and the company's Internet site, http://www.scholastic.com.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended July 31, 2005, HP revenue totaled $85.2 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

The Bluetooth trademarks are owned by its proprietor and used by Hewlett-Packard Company under license. Microsoft is a U.S. registered trademark of Microsoft Corporation.

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 fiscal quarter ended April 30, 2005, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2004. HP assumes no obligation and does not intend to update these forward-looking statements.