Press Release: October 10, 2007

HP to Open Global Services Delivery Center in Panama

PANAMA CITY, Panama, Oct. 10, 2007

HP today announced plans to build a global delivery center in Panama City, Panama, that will provide services to help customers better manage business information and optimize their technology infrastructures.

Panama City was selected due to its well-developed information technology infrastructure, large pool of skilled workers, and government and university support.

“Panama welcomes the arrival of such a prestigious company, which has chosen our country to expand its operations in Latin America, presenting real employment and training opportunities to Panamanians,” said Alejandro Ferrer, Minister of Trade and Industry of Panama. “The establishment of HP facilities in our country enormously contributes to enhance our role as a regional logistical center and the pursuit to serve our continent as the hub of the Americas.”

Once the center is developed, it is expected to employ hundreds of people in 2008 and more than 1,000 people in 2009.

“The decision to expand our global operations into Panama is a win-win situation for HP and Panama,” said Martin Castillo, vice president and general manager, Central American and Caribbean Operations, HP. “The center will bring new customers, jobs and careers to the community, and the country is an ideal location to build on the momentum of the HP Services business.”

The Panama City center initially will provide infrastructure services and call center expertise; later, it will provide additional services to customers around the world.

“Using a mix of local and global resources allows HP to provide our local, regional and multinational customers with the services they need, where they need them,” said Bob Pryor, senior vice president and general manager, Outsourcing Services, HP. “The Panama City center joins a network of HP global delivery centers where we partner with customers to provide the solutions they need to meet their business goals.”

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 $100.5 billion for the four fiscal quarters ended July 31, 2007. 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 July 31, 2007 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 Oct. 31, 2006. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2007 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.

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