News release

HP Unveils Storage Software to Reduce Complexity, Lower Costs for Midsize Businesses

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HP today announced a new version of its award-winning storage resource management software that allows midsize businesses⁽¹⁾ to gain control over their rapidly expanding storage environments.

HP Storage Essentials Standard Edition Storage Resource Management (SRM) Software automates complex and manual tasks, and improves the utilization of IT resources via a single, secure, web-based interface.

Introduced at Storage Networking World, the software is the first product rollout from HP’s recently formed Enterprise Storage and Server Software business unit, which provides software to manage, virtualize and automate customers’ IT systems.

Compared to traditional a la carte enterprise SRM software, HP Storage Essentials Standard Edition offers a more cost-effective solution that better equips companies to deal with constant business change and the exponential growth of their data.

“HP has created an entry-level storage software solution with enterprise-class, peak performance standards without sacrificing quality or features,” said Nick van der Zweep, director of product marketing, Enterprise Storage and Software Division, HP. “The latest Storage Essentials offering is yet another illustration of HP’s growing portfolio of tailored solutions designed specifically to meet the needs of midsize business customers.”

HP Storage Essentials is built on the latest open standards, including SMI-S and J2EE, and integrates with HP Systems Insight Manager software for unified server and storage management.

Simplifying storage environments with SRM software

HP Storage Essentials Standard Edition reduces complexity in small to medium HP storage-based storage area networks (SANs) by offering customers a complete view of their storage systems. Using HP Storage Essentials provides customers with greater optimization of SAN and network-attached storage (NAS) capacity, increased IT staff efficiency and simplified end-to-end management processes.

The single web-based interface efficiently centralizes and automates a complete storage infrastructure, from Windows® and Linux servers to HP StorageWorks EVA and HP MSA disk array families, HP ProLiant Storage Servers, HP EML E-Series tape libraries, host-bus adapters, and fabric switches. This allows a single IT administrator to easily manage tasks at the application level down to the spindle, including end-to-end troubleshooting, reporting, file level scanning, integrated SAN and NAS management, and monitoring of infrastructure performance and utilization rates. An optional software plug-in is also available for customers to monitor the status of an entire backup process.

HP Storage Essentials Standard Edition is expected to be upgradeable later this year to HP Storage Essentials Enterprise Edition Software Suite to provide customers with effortless scalability to a larger, heterogeneous, multi-vendor SAN environment.

The HP Storage Essentials Standard Edition SRM Software is expected to be available worldwide from HP and select channel partners in June 2007. More information is available at www.hp.com/go/sese.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $94.1 billion for the four fiscal quarters ended Jan. 31, 2007. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

⁽¹⁾ Midsize businesses are defined as those with 100 to 999 employees.

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 Jan. 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2007 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.