News release

HP Introduces Industry’s First Blade Workstation

Lloyds TSB in London deploys the solution to run 255-position trading floor

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HP today introduced the industry’s first blade workstation solution which combines the benefits and security of a centralized data center with workstation-class performance.

Based on HP BladeSystem infrastructure, the HP ProLiant Blade Workstation Solution gives users the ability to quickly and seamlessly access workstation compute power from anywhere in the world using thin client devices or Microsoft Windows®-based workstations, PCs and notebooks. This type of solution is ideal for customers in the financial trading, public sector, and manufacturing industries.

London-based Lloyds TSB Corporate Markets recently customized its 255-postion trading floor with 280 HP ProLiant xw25p Blade Workstations. The devices are used by traders in the foreign exchange, derivatives, and global commodities markets, as well as by sales traders in the derivatives and interest rate trading markets.

“We were looking for something that was going to give a market edge to our traders, and for us, the HP Blade Workstation delivered on that,” said Colin Everett, head of IT strategy and infrastructure, Financial Markets, Lloyds TSB. “Having invested substantially in new premises and recruitment within our expanding Corporate Markets division, we needed to ensure our technology and customer delivery was state of the art. We believe the HP blade workstations give us this edge and will translate into better client services – which can only help boost the bottom line.”

Specific workstation features include fully certified and supported HP Remote Graphics software, real-time streaming video, 3D graphics, and multiple display support. The new solution also enables new business workflow models.

“We’re on the cusp of a major change in the way we build, maintain and adapt IT for business, and the HP Blade Workstation Solution is at the forefront of that change,” said Jim Zafarana, vice president, worldwide marketing, Workstations, HP. “The new BladeSystem solution delivers the security, reliability and manageability of a data center infrastructure with high-quality workstation performance.”

Additional benefits of the solution include significant cost savings in move/add/change (MAC) costs, system maintenance, power and cooling, and remote site operation, as well as improved data security, accessibility, work environment, disaster recovery support, and system uptime and availability.

The HP Blade Workstation Solution is available now in North America and Europe, the Middle East and Africa. More information is available at www.hp.com/go/workstations.

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, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

Windows is a U.S. registered trademark of Microsoft Corp.

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 statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements 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 July 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.

© 2006 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
11/2006