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HP Reaches Settlement in Gray Market Case Against Maxicom PC Inc.

PALO ALTO, Calif., March 11, 2008

HP today announced it has reached a settlement with Maxicom PC Inc., its owner-operators, and a sales representative who were defendants in gray market litigation that HP filed in February in a Florida federal court.

HP sought to recover more than $4 million in pricing discounts for computer equipment that Maxicom PC had received based on misrepresentations that the equipment would be resold to specified end-user customers.

“HP is committed to supporting our authorized business partners and protecting our mutual customers,” said Adrian Jones, vice president and general manager, Solution Partners Organization – Americas, HP. “We’re committed to prosecuting those parties who use fraudulent means to obtain HP products for the purpose of selling them through unauthorized channels.”

To protect legitimate channel partners and joint customers, HP is focusing on three key initiatives: education and training; tightening business practices and controls; and taking appropriate action in relation to resellers who violate terms of their authorized reseller agreements.

HP is a founding member of the Alliance for Gray Market and Counterfeit Abatement, a global association formed in September 2001 composed of leading technology companies committed to addressing the global impact of the gray marketing and counterfeiting of technology products.

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 $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

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