News release

HP Announces Participation in Upcoming Investor Conferences

HP today announced its participation in the following investor conferences, which will be available via live audio webcast:

JP Morgan 35th Annual Technology Conference on May 23. John McCain, senior vice president and general manager of HP Services, is scheduled to speak at 8:40 a.m. ET / 5:40 a.m. PT.

Sanford C. Bernstein 23rd Strategic Decisions Conference on June 1. Mark Hurd, HP chairman and chief executive officer, is scheduled to speak at 9 a.m. ET / 6 a.m. PT.

Bear Stearns 18th Annual Technology/Communications/Internet Conference on June 11. Andy Mattes, senior vice president and chief sales officer, Technology Solutions Group, HP, is scheduled to speak at 10 a.m. ET / 7 a.m. PT.

Webcast information for the conferences is available at http://www.hp.com/investor/calendar.

Replays of the audio webcasts will be available approximately three hours after the presentations end at http://www.hp.com/investor/pastevents.

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 at http://www.hp.com.

Microsoft is a U.S. registered trademark of Microsoft Corporation.

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.