Press Release: September 02, 2008

Belk Renews IT Agreement with EDS, an HP Company

PLANO, Texas, Sept. 2, 2008

EDS, an HP company, announced today that Belk (, the nation’s largest privately owned department store chain, has renewed its agreement with EDS.

With the seven-year information technology (IT) services contract, EDS will continue to manage the voice and data network that connects employees at Belk’s 307 retail stores, five warehouses and five offices across the southern United States, as well as to Belk vendors located worldwide. Financial terms of the transaction were not disclosed.

“This network allows communication – data and voice – among all of our sites, which is critical in the highly competitive retail apparel industry,” said Roddy Kerr, chief information officer, Belk. “Since 2002, the EDS team has proven its value by helping us lower costs, improve our communications and effectively support our expansion, allowing us to focus on our growing customer base.”

The agreement also includes managing implementations at new locations and ensuring that networks are reliable and perform at consistent levels. Belk’s networks handle customer purchase processing and approvals, provide product information and perform inventory transactions for the retailer.

“As Belk’s trusted business ally, the EDS team’s focus is on seamlessly and cost-effectively managing this critical network so that Belk can manage its day-to-day business operations and growth strategy,” said Mike Klaus, vice president, Global Consumer and Retail Industries, EDS, an HP company. “We take a personal stake in Belk’s operational success and will continue to provide the flexible and scalable technology foundation that can grow and change with Belk’s needs.”

EDS serves more than 200 consumer and retail industry clients. As a leading provider in the consumer and retail industries, EDS focuses on a variety of market segments including food and beverage, apparel and footwear, consumer products, and retail outlets including restaurants, mass and department, grocery, drug, convenience, online and catalog, and specialty.

About EDS

EDS, an HP company, is a leading global technology services provider, delivering business solutions to its customers. EDS founded the information technology outsourcing industry more than 46 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to customers in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments around the world.

About HP

HP, the world’s largest technology company, provides printing and personal computing products and IT services, software and solutions that simplify the technology experience for consumers and businesses. HP completed its acquisition of EDS on Aug. 26, 2008. More information about HP (NYSE: HPQ) is available at

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 April 30, 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. 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.

Editorial contacts:

Annabelle Baxter, EDS, an HP company:

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