Press Release: December 13, 2007

Customers Select HP and Oracle to Modernize Legacy Environments

PALO ALTO, Calif., Dec. 13, 2007

HP and Oracle (Nasdaq: ORCL), in collaboration with Intel Corp., today announced that their Application Modernization Initiative is gaining momentum as customers increasingly migrate away from legacy systems to drive business growth with more reliable and efficient IT infrastructures.

Introduced last year at Oracle OpenWorld 2006, the Application Modernization Initiative is a comprehensive solution that helps businesses modernize their legacy environments to increase business agility and performance, reduce operational costs and lower risks.

The initiative is a multi-vendor collaboration that delivers specialized hardware, software and services that are designed to help companies easily transition from legacy environments to an open-standards based infrastructure that is flexible enough to meet dynamic business conditions.

The Application Modernization Initiative was most recently adopted by the Swedish Tax Agency (Skatteverket), a government agency under the Ministry of Finance in Sweden. In leveraging the tools and resources of the Application Modernization Initiative to modernize its IT environment, the organization joins, among others, BBVA, a Madrid-based multinational financial services group, and Carrefour Italy, part of one of the world’s leading distribution companies and the world’s second-largest retailer.

“Customers are rapidly adopting our solutions to assist in the modernization of their IT environments,” said Joe Kovach, vice president, Consulting and Integration, HP Services. “The Application Modernization Initiative enables organizations to efficiently transition to open standards-based architectures so they can focus on innovation.”

According to Dale Vecchio, research vice president, Gartner, “Gartner continues to see a growing interest in modernizing the business processes implemented in legacy applications. The desire to create greater agility is driving organizations to consider more modern application platforms as the vehicle for satisfying that demand. The relationship between the application decisions and the underlying infrastructure upon which they are delivered is critical to any IT modernization initiative.”

When the Swedish Tax Agency wanted to modernize its technology infrastructure to make its operational activities more effective, it worked with HP Services to design and implement an application modernization solution. The agency’s objective was to simplify its procedures when interacting with both the public and business community.

“We have selected HP to perform key migration of our Unisys legacy applications. This migration will make it possible for the Swedish Tax Agency to provide better opportunities for all kinds of taxpayers to file their tax returns electronically, and save time and money,” says Anne Grön, chief information officer, Swedish Tax Agency. “This is a critical modernization program for the Swedish Tax Agency. Under the contract, HP will migrate the existing legacy mainframe environment, consisting of Cobol and Assembler applications, to a new, open systems-based environment including HP Integrity servers and Oracle Database.”

The Application Modernization Initiative solution incorporates the Oracle Grid Computing Platform with SOA capabilities, including Oracle Database 10g with Real Application Clusters, Oracle Fusion Middleware and Oracle Enterprise Manager/Grid Control.

The solution runs on HP Integrity systems based on Intel® Itanium® processors – working with the HP Virtual Server Environment Reference Architecture and HP Software Business Technology Optimization solutions that include SOA governance, quality and management products – making it an ideal platform to achieve the required availability, scalability and resource utilization.

It is designed, implemented and supported through the HP Application Modernization Services portfolio and also includes architectural design and consulting support from HP, Intel and Oracle.

“The success of our joint investment in the Application Modernization Initiative demonstrates the strength of our alliance. Together we are helping enterprises take advantage of an open standards, SOA-based solution to give customers the confidence to address these expensive and inflexible legacy systems,” said John Gawkowski, vice president, Platform Technology Solutions, Oracle. “We are delighted to have Oracle’s Grid Computing software playing such a key role in this initiative.”

“Open systems based on Intel Itanium processors, such as the HP Integrity server line, provide superior price/performance and dependability for mission-critical applications,” said Diane Bryant, vice president, Digital Enterprise Group, Intel. “The Application Modernization Initiative from Intel, HP and Oracle is providing tangible benefits to customers through accelerated innovation, minimized risk and reduced costs.”

Underscoring the open nature of the Application Modernization Initiative, HP, Intel and Oracle also announced today the first two members of a network of independent software vendors whose offerings complement the initiative.

Relativity Technologies, Inc. supports the initiative with its Modernization Workbench® software platform. The platform maximizes the business value of existing operations by analyzing, adapting and re-architecting legacy applications. Orsyp S.A. is providing its market-leading Dollar Universe job and batch scheduler software used by thousands of companies worldwide across a broad range of platforms.

More information on the Application Modernization Initiative product and service offerings is available at

About Oracle

Oracle (Nasdaq: ORCL) is the world’s largest enterprise software company. For more information about Oracle, visit

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 $104.3 billion for the four fiscal quarters ended Oct. 31, 2007. More information about HP (NYSE: HPQ) is available at

Intel and Itanium are trademarks or registered trademarks of Intel Corp. or its subsidiaries in the United States and other countries. Oracle is a registered trademark of Oracle Corporation and/or its affiliates.

This announcement is provided solely for information purposes, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle. This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. Oracle specifically disclaims any liability with respect to this information.

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