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HP Board of Directors Releases Statement

PALO ALTO, Calif., Sept. 10, 2006

The HP board of directors met for several hours Sunday morning. It has agreed to reconvene late Monday afternoon. No further statement will be forthcoming from the company before that time.

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, 2006, HP revenue totaled $90.0 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

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