News release

HP Chief Marketing Officer Cathy Lyons to Return to Senior Role in Imaging and Printing Group

HP today announced that Cathy Lyons, who has served since June 2005 as executive vice president and chief marketing officer of HP, is returning to the company's Imaging and Printing Group to take on responsibility for strategic change management.

Lyons, who played an instrumental role in enhancing the efficiency of the corporate marketing function, will report to Vyomesh Joshi, executive vice president of HP's Imaging and Printing Group, and perform a key role in driving further innovation and market leadership within that organization.

Following the move, which is effective immediately, the company's corporate marketing activities will report to Shane Robison, HP executive vice president and chief strategy and technology officer. Lyons' successor as chief marketing officer will be announced in due course.

"We are working hard to ensure that our imaging and printing business is positioned for continued growth, and Cathy's move is part of that effort," said Mark Hurd, HP chairman and chief executive officer. "By moving our corporate marketing assets closer to our technology and strategy activities, we can ensure they remain fully aligned and best able to support our business."

Lyons, 50, is a 28-year HP veteran who was named chief marketing officer after serving as senior vice president of business imaging and printing. Previously, she was vice president and general manager of the supplies business, running worldwide operations for ink and LaserJet printing supplies.

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: HPQ) is available a 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 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.