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HP Names Enrique Lores Worldwide Sales Lead for Personal Systems Group and Head of Partner Unit

PALO ALTO, Calif., April 15, 2008

HP today appointed Enrique Lores to the position of senior vice president of worldwide sales for its Personal Systems Group (PSG) and head of its Solutions Partner Organization, serving all HP businesses worldwide.

Lores, 42, will report to PSG Executive Vice President Todd Bradley and be responsible for the strategy and growth of the business group’s direct and channel commercial volume sales.

HP is the world’s largest PC provider and, within its Personal Systems Group, has the industry’s broadest portfolio of business desktops, notebooks, workstations and client virtualization offerings, as well as a broad range of services and support that span the entire IT lifecycle from deployment to environmentally responsible disposal.

As head of the Solutions Partner Organization, Lores will be charged with building on HP’s more than 25 years of developing profitable and growing channel relationships. HP currently has approximately 145,000 commercial channel partners across the more than 170 countries in which the technology leader operates.

In this capacity, Lores will indirectly report to Ann Livermore, executive vice president of the Technology Solutions Group (TSG), and Vyomesh Joshi, executive vice president of the Imaging and Printing Group (IPG), at HP.

“Enrique’s sales and marketing expertise spans all commercial customer segments and channels,” said Bradley. “He is known as a change agent with broad business and global experience, and I’m confident he’ll work across all regions to continue to create best practices that drive revenue growth and profitability for both HP and its partners.”

A 20-year HP veteran, Lores has served since 2003 as general manager and vice president of the fast-growing Inkjet Commercial Division, responsible for IPG’s large-format printing business. Previously, he held management positions in IPG’s printing hardware, supplies and services businesses at regional and worldwide levels, and he served as general manager and vice president of the IPG Commercial Category in Europe, the Middle East and Africa. He first joined the company in 1988 as a research and development engineer.

Lores will move from Barcelona, Spain, to Silicon Valley to replace Jim McDonnell, who previously accepted a position within TSG leading global sales programs for the Enterprise Storage and Servers business unit.

Lores holds an undergraduate degree in electrical engineering from the Polytechnic University of Valencia, and an MBA from ESADE Business School in Barcelona.

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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