News release

HP Names Bruce Dahlgren to Lead Enterprise Sales for Imaging and Printing Group

HP has appointed Bruce Dahlgren, formerly vice president and general manager of North America Printing Solutions and Services Division at Lexmark, to serve as the head of enterprise sales for the Imaging and Printing Group (IPG).

Effective today, Dahlgren will serve as senior vice president of IPG worldwide enterprise sales, a new role created to bring greater focus to the printing and imaging opportunities in large enterprises. He reports to Vyomesh Joshi, executive vice president of IPG.

In this position, Dahlgren will drive IPG's enterprise go-to-market approach globally, delivering complete printing solutions to the company's top 1,500 accounts. Additionally, he will work with Technology Solutions Group sales, service and support to aggressively grow HP's enterprise business.

Dahlgren joins HP after six years at Lexmark, where he was responsible for leading the company's most profitable business unit, the North America Printing Solutions and Services Division. Prior to Lexmark, Dahlgren spent 15 years with NCR, AT&T and Teradata.

"Bruce has a deep understanding of vertical industries and a wealth of experience delivering printing solutions specifically tailored to meet the needs of enterprise customers," said Joshi. "His expertise driving solution-oriented sales combined with the world's most extensive portfolio of printing solutions will help IPG achieve its goals moving forward."

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 Oct. 31, 2005, HP revenue totaled $86.7 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 fiscal quarter ended July 31, 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