BERLIN, June 10, 2008 - HP today kicked off a new era of calculators by introducing the HP 20b Business Consultant calculator, which boasts a sleek, modern design, while continuing in the HP heritage of technical innovation and product performance.

To meet a broader range of customer needs, HP also introduced the HP OfficeCalc series, HP PrintCalc and HP Quick Calc calculators.

The HP Business Consultant is the first device based on the new HP calculator industrial design platform that unites style and usability to deliver visually distinct and meaningful elements across the company’s calculator lineup.

The new design platform includes user-friendly elements such as tapered side surfaces for a visually thinner aesthetic, a comfortable grip and a guide when slipping the calculator into a pocket. Raised edges provide added protection to the screen and keypad.

"With the HP Business Consultant, HP is redefining design and usability in the calculator market," said Wing Kin Cheung, general manager, Calculator Division, HP. "Building on the cache of products such as the revolutionary HP-35 and the best-selling HP 12c Financial Calculator, we are re-imagining their iconic elements, making them relevant and aesthetically engaging to today’s users."

Stylish, fast and easy-to-use HP Business Consultant
The modernly styled HP Business Consultant is a financial calculator targeted for business, finance and real estate professionals as well as students.

As part of its functional design, the HP Business Consultant boasts an intuitive key layout with frequently used business functions such as TVM (Time Value of Money), depreciation, amortization, bonds and cash flows grouped together for easy access. It also offers dedicated keys for commonly used math functions.

In addition, beveled keys allow for easy visual separation of dual function labeling directly on the key, which leaves the faceplate free of text, contributing to the calculator’s clean, uncluttered look.

The HP Business Consultant also continues in the HP tradition of technical innovation and product quality. Feature highlights include:

• Two-line display allowing users to view up to 12 digits and scroll through variables, real-text labels, menus and prompts
• New high-speed, low-power CPU delivering fast, accurate results with up to 15-digit internal precision while extending battery life
• Choice of time-saving Reverse Polish Notation (RPN), hierarchical or traditional chain algebraic data entry
• Scroll keys permitting users to navigate through menu lists, variables and recent results
• More than 15 statistical analysis functions including eight statistical models, standard error and covariance
• Advanced math library including trigonometry and hyperbolic functions
• Easily configurable display format and language preferences

In addition, the HP Business Consultant is the only financial calculator in its class with four advanced probability distributions: normal distribution, Chi-squared, student distribution, F-distribution.

Environmentally responsible, user-friendly packaging
Packaging for the new calculator portfolio offers more than a 50 percent reduction in source materials by weight and reduces carton space by more than 40 percent.⁽¹⁾ These design changes help reduce the company’s source material usage and fuel consumption associated with transportation.

In addition, a new "clip and zip" feature makes the packages easy to open at home with common scissors.

Quick and easy-to-use calculating solutions
HP’s expanded calculator portfolio delivers HP reliability in convenient, easy-to-use solutions. New calculators include:

• HP OfficeCalc series - Stylish desktop offerings for simple calculations at users’ desks or sales counters; ideal for office or retail workers who need to quickly and accurately calculate items such as mark-up percentages, sales totals and taxes
• HP PrintCalc - Ideal for small business owners that make quick calculations requiring receipts or documentation
• HP Quick Calc - Geared toward students and adults alike with a compact size that allows users to keep it handy for on-the-go calculations; available in fashionable colors and designed for quick and convenient access, it can attach to key chains and has magnetic backing to stick to refrigerators, file cabinets or any metal surface

Availability and pricing⁽²⁾
The HP 20b Business Consultant, HP OfficeCalc series, HP PrintCalc and HP Quick Calc are expected to be available this summer.⁽³⁾

• HP 20b Business Consultant - Available for an estimated retail price of $40 through HP Home and Home Office Store, HP Small and Medium Business Store (www.hp.com) and other select retailers.⁽⁴⁾
• HP OfficeCalc series - Available for an estimated starting price of $9.99.
• HP PrintCalc - Available for an estimated starting price of $19.99.
• HP Quick Calc - Available for an estimated starting price of $5.99.

Additional information on the new calculators is available at www.hp.com/personal. Information about HP’s complete line of graphing, scientific and financial calculators, as well as on-demand training videos, computer-based training and step-by-step learning modules for each of HP’s current calculators is available at www.hp.com/calculators.

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 $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.

⁽¹⁾ HP preliminary estimates of 56 percent weight reduction and 49 percent volume reduction compared to 2007 10bII calculator clamshell packaging. Subject to change.
⁽²⁾ Estimated U.S. street prices; actual prices may vary.
⁽³⁾ Availability will vary by region.
⁽⁴⁾ In United States only; available through local distributors in other regions.

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.

^© 2009 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.