Press Release:

HP Announces New Additions to World's Best-selling Line of Laser Printers

Latest Laser Printers from HP Dramatically Boost Performance While Maintaining Affordability of Popular LaserJet 4000 Series
PALO ALTO, Calif., Nov. 12, 2002

HP (NYSE:HPQ) today announced it is replacing the world's best-selling midrange laser printer with the HP LaserJet 4200, a model that is faster and easier to use, yet costs the same as its predecessor. HP also introduced the HP LaserJet 4300 printer for businesses in need of even greater speed and flexibility. The two products offer businesses affordable, high-performance monochrome printing solutions to suit the most demanding workgroups.

"HP continues to lead the printer/MFP (multi-function printer) market with a 46 percent share of U.S. unit shipments in the first half of 2002, and with competitors always targeting it, these new products from HP help keep them at bay," said Angele Boyd, group vice president and analyst, IDC.

The new printers elevate the industry’s monochrome printing standard established by the HP LaserJet 4000 series. The HP LaserJet 4200 (replacing the 4100 model) and HP LaserJet 4300 offer faster print speeds, advanced toner formulation, increased memory, expanded paper handling options, intuitive user-intervention graphics and lower total cost of ownership -- all with industry-proven HP quality and reliability.

"Not only has HP raised the bar for monochrome office printing, we've done so without raising the cost to businesses. For example, with our new LaserJet 4200 we've increased output speed by 40 percent while maintaining the acquisition cost of its predecessor," said George Mulhern, vice president, HP Imaging and Printing Group. "And for those seeking even higher performance, customers can step up to our LaserJet 4300, which boasts a speed improvement of 80 percent. There's really no reason for anyone to look beyond HP to serve their monochrome printing needs."

The HP LaserJet 4100 Printer -- A Tough Act to Follow

Since the introduction of the top-selling HP LaserJet 4100 printer, the 4000 series has provided customers a strong combination of affordability, ease of use and reliability. The LaserJet 4200 and 4300 are designed to provide even greater value for customers in need of high-performance monochrome printing.

"In our business, our competitive edge is determined by our ability to provide the news to our audience in a timely manner," said Jeff Hoffert, information technology engineer at KIVI TV in Nampa, Idaho. "Since we replaced our old printing equipment with the new LaserJet 4300, we've cut our broadcast lead-time from 20 minutes to just seven. With HP's help, we're able to deliver breaking news much quicker than before."

Key Product Specifications

HP LaserJet 4200 and 4300 printers set new standards for shared monochrome printing:

  • Fast print speeds of up to 45 pages per minute (35 ppm with the LaserJet 4200)
  • First page out in less than nine seconds
  • HP Smart Printing Supplies features, including real-time printer management, Internet supplies re-ordering and toner status sensing
  • Powered by a 350-MHz processor (300-MHz processor with the LaserJet 4200)
  • 64 MB RAM standard memory (48 MB with the LaserJet 4200)
  • 600-sheet input standard/2,600 sheets maximum
  • 250-sheet face-down output standard/750 sheets maximum

Available now, the HP LaserJet 4200 and 4300 printers have estimated U.S. base prices of $1,099 and $1,399, respectively (actual prices may vary). More information about these printers is available at or from local HP dealers.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer Corporation on May 3, 2002. More information about HP is available at

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q for the quarter ended July 31, 2002 and reports filed subsequent to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. 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