Press Release:

HP ProCurve Continues Industry Leadership in Switch Growth

Dell'Oro Report Shows HP ProCurve Networking Outpaced Market and Competitor Growth in Fourth Quarter
PALO ALTO, Calif., Feb. 26, 2003

HP ProCurve Networking was the fastest growing layer 3 Ethernet switch vendor for the fourth quarter of calendar year 2002, according to research results from the Dell'Oro Group.(1)

The report, which examines the Ethernet switch market, revealed that the HP ProCurve networking business grew at a rate of 89 percent from Q3 2002 to Q4 2002 in terms of layer 3 port shipments, outpacing every competitor, including Cisco, Nortel, Extreme and 3Com. HP ProCurve also surpassed the layer 3 switch market as a whole, which grew 32 percent for the quarter.

The report also said that for the same period, HP ProCurve Networking, with a growth rate of 21 percent, grew faster than the market and all tracked competitors in layer 2 modular 1000 port shipments.

"Many of our customers realize that the advanced applications they are considering or deploying such as security, mobility and VoIP require layer 3 functionality at the edge of their networks," said John McHugh, vice president and general manager, HP ProCurve Networking Business Unit. "This market share growth represents how quickly our broad range of affordably priced, advanced layer 3 products are being adopted by customers."

HP is committed to helping customers get the best return on their information technology investments. The HP ProCurve family of products, services and solutions -- including Ethernet switches, routing switches and network-management applications -- allows customers to build networks based on open standards that meet current and future needs for security, performance and reliability.

More information about HP ProCurve networking solutions and products is available at

About HP

HP (NYSE:HPQ) 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 acquisition of Compaq Computer Corporation on May 3, 2002. More information about HP is available at

(1) Q302 vs. Q402 total port shipments for Layer 3 as tracked by Dell'Oro Group.

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 annual report on Form 10-K for the year ended October 31, 2002, as filed with the Securities and Exchange Commission on January 21, 2003, and subsequently filed reports. 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 to update these forward-looking statements.

About HP

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