Press Release:

HP Unveils First Offerings from New Evo Line, Providing Businesses Simple IT Deployment and Management

HP (NYSE: HPQ) today continued its drive to simplify the purchase, deployment and management of business computers with fresh offerings from the company's new Compaq Evo product line.

Designed for demanding business and networked settings, Evo desktop and notebook PCs provide industry-leading innovation and flexibility that enable customers to develop their enterprise computing environments at their own pace.

"HP is delivering innovative, integrated solutions that reduce the complexity of our IT environment and enable us to focus on our core business," said Chris Rodgers, IT manager, William Blair & Company, an independent investment firm entrusted with more than $22 billion in client assets. "The Compaq Evo products and solutions offer a stable lifecycle that helps us realize a lower cost of ownership."

The Evo line of products, first introduced one year ago, has been widely recognized by press and analysts with 37 industry awards, including Comdex -- Best of Show and CES -- Best of Show honors.

"With the Evo line, we've built a superior commercial business model based on solid execution, increased direct sales and quicker inventory turns," said Mike Larson, vice president and general manager, HP Personal Systems Group. "At the same time, we're meeting business customers' demand for reliable, tailored, easily managed technology solutions that increase efficiency and competitiveness and help reduce their total cost of ownership with long product lifecycles and comprehensive management tools."

"Sharp HealthCare was looking for an IT partner who could deliver a flexible solution that would meet our evolving IT needs and enable us to realize lower ownership costs," said Patric Thomas, vice president of enterprise architecture and support, Sharp HealthCare. "HP has met this challenge with its innovative Compaq Evo line of products."

HP's Evo product line includes a wide range of innovative business computers -- from reliable desktop PCs with the latest technologies for growing businesses and desktop PCs designed to help manage complex IT environments to notebooks developed meet the high-performance needs of business users who also value mobility.

Dependable Desktop Solutions to Simplify Business Computing

HP has introduced three new models to the Compaq Evo Desktop PC lineup: the Evo D510 Desktop, D510 Ultra-slim Desktop and the D310 Desktop -- all based on the new Intel® 845G chipset with Intel Extreme Graphics. This integrated graphics solution offers the performance equivalent to a mainstream 32 MB graphics card, with four to five times improvement over previous integrated graphics products.

The Evo D500 series is designed to provide large businesses and global enterprises with maximum stability and manageability with 12-month lifecycles and additional PC management tools to help customers simplify their IT management and lower ownership costs. The series now offers performance-enhancing features such as DDR memory and USB 2.0, which offers 40 times the bandwidth of the original USB 1.1 specification.

The new Evo D510 Desktop PCs feature optional MultiBay, a flexible storage technology that allows users to easily change external drives. Available with 24x CD-ROM, 8x DVD-RR, 20 GB hard drive or 8x CD-RW, MultiBay enables users to share drives across other Evo D510 Desktop PCs and select Evo notebooks, eliminating the costly need to equip every system with every removable storage option.

The Evo D510 Desktop PC models are expected to be available in early June direct from HP with the Celeron® 845G processor starting at an estimated U.S. street price of $769 or with an Intel Pentium® 4 845G processor for $899.(1)

Additionally, the Evo D510 Ultra-slim Desktop PC will also feature the Intel Pentium 4 processor 845G chipset priced at $809.(1) Seventy-five percent smaller than previous generation desktop PCs and equipped with MultiPort wireless and MultiBay technology, the new, ergonomic Ultra-slim Desktop PC model is even quieter than the original Celeron version, with acoustics dropping to 19 decibels from 28 decibels.

The Evo D300 Desktop PC series offers businesses of all sizes reliable desktop PCs with the latest technologies at low purchase prices. Available immediately, the new Evo D310 Desktop PC also is equipped with the Intel 845G chipset featuring Intel Extreme Graphics, DDR memory and USB 2.0, starting at an estimated U.S. street price of $749.(1)

Evo Notebook N800 Series -- Performance and Mobility

The Evo Notebook N800 series was designed with reliability, stability and commonality in mind. Now available in a corporate/enterprise or SMB version starting at $1,709,(1) the Evo N800 series includes some of the most advanced portable product features on the market.

The slim 1.3-inch notebook features the power of the new mobile Intel Pentium 4 processor - M and other performance-enhancing features such as ATI Mobility Radeon 7500 graphics controller, DDR memory and USB 2.0.

These features are wrapped in a stylish, carbon design with silver accents that includes a 15-inch TFT display while weighing less than 5.6 pounds. In addition, the Evo N800 offers the innovative MultiPort design that enables integrated wireless in a modular way providing superior performance and flexibility for Bluetooth and 802.11b wireless LAN technologies.

To simplify the deployment and management of the Evo N800, a new line of docking solutions is now available. Smaller than traditional docking stations, the Port Replicator and Advanced Port Replicator support network interface card pass through, allow for external monitor usage and support two additional MultiBays in the advanced port replicator. The docking solutions as well as a new high-speed USB (2.0) MultiBay cradle also are designed for compatibility with future HP notebooks.

More information about Compaq Evo Desktop PCs is available at Additional product features and information regarding the Evo Notebook N800 series as well as the new line of docking solutions is available at

Both the Compaq Evo D500 Desktop PC and Evo Notebook N800 lines also are available through the Global Series program. The program offers international corporations a complete range of consistent products and associated support and services to help streamline IT management and enhance lifecycle management on a worldwide basis. More information about the Global Series program 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 merged with Compaq Computer Corp. on May 3, 2002. The merged company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries. More information about HP is available at

(1) Actual prices may vary.

Intel, Celeron and Pentium are U.S. registered trademarks of Intel Corp.

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 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, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, HP's quarterly report on Form 10-Q for the quarter ended January 31, 2002 (as filed with the SEC on March 12, 2002) 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 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