Press Release:

HP Storage Solution Cost Efficiently Extends Fibre Channel SANs via IP Networks

PALO ALTO, Calif., Feb. 24, 2003

HP (NYSE:HPQ) today introduced an Internet protocol (IP) storage solution that enables server and storage connectivity to Fibre Channel storage area networks (SANs) across an Ethernet network. The solution provides a cost-efficient entry point to IP storage by extending the benefits of existing SANs to isolated, "stranded" servers through IP networks.

The HP StorageWorks SR2122 iSCSI storage router is a key building block of HP's ENSAextended strategy to deliver an adaptive infrastructure for storage, based on business requirements, that is controllable, resilient and extensible. Based on the new standard iSCSI (Internet small computer systems interface) protocol, the device integrates TCP/IP and Fibre Channel connectivity in a single unit. The HP iSCSI storage router provides block-level, location-independent data storage and retrieval. Enterprises can deploy the product to consolidate storage resources, centralize backup, improve disk utilization, shorten storage implementation and simplify storage management.

"HP is a strong proponent of multi-protocol storage environments, and the HP StorageWorks SR2122 iSCSI storage router demonstrates our commitment to providing customers with IP storage capabilities to extend their SAN investments beyond the data center," said Roger Archibald, vice president and general manager, Infrastructure and NAS Division, HP Network Storage Solutions. "We will continue to expand our standards-based solutions to allow customers to extend their SAN infrastructure for broader use in their enterprises, therefore helping improve their return on investment."

Large enterprises seeking to augment existing Fibre Channel SANs can use the low-cost HP iSCSI storage router as an easy method of providing SAN connectivity to isolated servers or servers without internal expansion capabilities -- eliminating the need to extend Fibre Channel networking components to these environments. The product enables consolidated storage solutions where it would be otherwise cost prohibitive or impractical to deploy traditional fibre infrastructures.

According to IDC's Worldwide Disk Storage Systems Quarterly Tracker, December 2002, HP is the No. 1 provider of open SANs for the third quarter of 2002. HP delivers technology-agnostic, end-to-end storage solutions that dynamically align IT resources to business objectives. HP storage environments enable faster time to market, reduced risk, greater return on IT investment and a higher quality of service.

Available immediately, the HP StorageWorks SR2122 is a multi-protocol storage router with two Gigabit Ethernet ports, for connectivity to standard TCP/IP networks, and 2-gigabit Fibre Channel interfaces for connectivity to a SAN. Fully qualified and tested by HP standards, the device offers iSCSI connectivity for X86 servers, including HP ProLiant BL series blade servers, as well as HP StorageWorks HSG80 products, the HP StorageWorks Modular SAN Array 1000, HP StorageWorks Enterprise Virtual Arrays and all major enterprise backup solutions. Estimated U.S. list pricing is $9,995.(1)

More information about the storage router is available at

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 acquisition of Compaq Computer Corporation on May 3, 2002. More information about HP is available at

(1) Actual prices may vary.

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

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