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HP Hires Stephen DeWitt to Lead Americas PC Business

PALO ALTO, Calif., March 13, 2008

HP today announced it has hired Stephen DeWitt as senior vice president for the Americas region of its Personal Systems Group (PSG), effective immediately.

DeWitt, 42, reports to Todd Bradley, HP PSG executive vice president, and is responsible for driving the marketing, sales and operations strategy for the continued growth of PSG in the United States, Canada and Latin America. PSG’s portfolio includes PCs, mobile products, client virtualization and connected entertainment solutions, Internet services and support for consumers, small to mid-size business and enterprise customers.

“From consumer software to midmarket and enterprise hardware, Stephen has more than 20 years of experience as a high-energy, hard-charging technology executive driving product development, operations, marketing, direct and indirect sales, and customer support,” said Bradley. “He has demonstrated his ability to forge high-performing teams that architect and execute aggressive strategies for profitable growth across a variety of Silicon Valley innovators, and I’m confident he’ll do the same for PSG’s largest region.”

DeWitt joins HP from Azul Systems Inc., where he served as president and chief executive officer from its earliest stages and most recently as the company’s chairman. Prior to Azul, DeWitt was vice president and general manager of Content Delivery and Edge Computing at Sun Microsystems Inc., which he joined through the acquisition of Cobalt Networks Inc., where he was president and chief executive officer. He also has held executive positions at Cisco Systems and Symantec Corp.

He replaces Mike Larson, who is retiring following 12 years of executive leadership at HP and Compaq.

DeWitt holds a bachelor’s degree in finance and economics from Babson College in Wellesley, Mass. He will be based in Cupertino, Calif.

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.

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 execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

© 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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