Press Release: December 08, 2006

Richard H. Lampman, Director of HP Labs, to Retire in 2007 After 35 Years with HP

PALO ALTO, Calif., Dec. 8, 2006

HP today announced that Richard H. (Dick) Lampman, senior vice president of research at HP and director of HP Labs, has decided to retire in 2007.

As director of HP Labs, Lampman, 61, has had responsibility for the research activities in six research labs around the world, with the objectives of providing leading-edge technologies to HP's current businesses and creating new technology-based business opportunities. Lampman has established HP Labs as a world leader in areas of research including global utility computing, trusted systems and security, imaging and printing, technology for developing economies and quantum science.

"It has been a privilege to work closely with Dick during the past several years," said Shane Robison, executive vice president and chief strategy and technology officer, HP. "Under his leadership, HP Labs has played an integral role in transforming HP from an instrument- and hardware-based company to one focused on software, systems and services. He leaves behind a world-class research organization focused on creating exciting new opportunities for HP."

Lampman joined HP in 1971 and held a series of positions in HP's measurement and computing businesses before joining HP Labs in 1981. From 1988 to 1992, he was director of the Computer Systems Lab, where he managed the development of PA-Wide Word, the architecture that became the basis for the HP and Intel alliance to build a common 64-bit architecture, which resulted in the Intel® Itanium® processor.

From 1992 to 1999, Lampman served as director of HP Labs' worldwide Computer Research Center. Under his leadership, several key technologies were developed that launched new businesses for HP, including digital photography. Lampman was named director of HP Labs in 1999.

HP will launch an immediate search to replace Lampman as director of HP Labs, spearheaded by Robison. Lampman will remain in the position until a successor has been named and will assist with the transition.

"HP remains fully committed to research and I look forward to an exciting future for HP Labs," said Robison.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at

Intel and Itanium are registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

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 July 31, 2006, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at