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HP Selects Former Best Buy Exec to Lead Online Business

PALO ALTO, Calif., June 5, 2006

HP has named Sam Taylor as senior vice president of HP Online Sales, which encompasses the company’s worldwide portfolio of personal systems and imaging and printing products and services.

Taylor, 45, joins HP effective today after two years at Best Buy, where he was senior vice president of Online Stores and Marketing. He will report to Vyomesh Joshi, executive vice president of the Imaging and Printing Group at HP.

In this position, Taylor will lead web, catalog and telephone sales businesses to deliver an enhanced and more personal customer experience to people who choose to research and buy PCs and printing systems directly from HP.

“Sam brings expertise and understanding across all areas of direct sales to his new role, which is critical to growing our direct business and providing customers with a world-class buying experience,” said Joshi. “I look forward to working with Sam to build on the strength and momentum of HP’s portfolio.”

Taylor has more than 12 years of experience in retail, e-commerce, direct marketing and international business. Pr ior to Best Buy, he spent more than four years with Lands’ End leading its online and international businesses, and another four years at Disney, including a position as the European regional director of The Disney Catalog and The Disney Store Online.

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 April 30, 2006, HP revenue totaled $88.9 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, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could 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 but not limited to anticipated operational and financial results; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

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