HP Energizes IA-32 based Product Suite with New Servers and Storage Device

Expanded Offerings Help Improve Customer Productivity, Increase Return on Investment and Maximize Uptime

PALO ALTO, Calif., March 12, 2002

Hewlett-Packard Company (NYSE:HWP) today announced a suite of new products that enhance its IA-32 based server and storage product lines. Designed to be low maintenance and easy to operate, the servers and storage device help customers maximize uptime and increase operational efficiencies while reducing costs.

The new HP IA-32 based servers and the storage system are engineered to strengthen customers' always-on Internet infrastructures. Two of these servers are designed in particular to help small- to medium-sized businesses keep their IT operations running at affordable prices with easy deployment, backup, troubleshooting and expansion features.

HP also has added to its comprehensive range of easy-to-use management tools to help ensure maximum productivity and rapid deployment of the devices. Additionally, easy server upgrade options help protect technology investments.

The IA-32 based servers announced today include the following:

• HP Server tc2110: The first Intel® Pentium® 4-based server from a major vendor, this uni-processor tower server provides price-conscious small- and medium-sized businesses with server features at a desktop price.
• HP Server tc3100: With world-class ease of use in a dual-processor Intel Pentium III-based tower server, the HP Server tc3100 provides small- and medium-sized businesses with easy deployment, back-up, troubleshooting and expansion to support their growth.
• HP Server tc4100: Providing versatility and reliability for growing businesses, this dual-processor Intel Pentium III-based tower server is designed for workgroup and remote office customers. It is optimized for flexibility and provides outstanding uptime protection and industry-leading manageability.

HP also introduced the HP Surestore Disk System 2300, an Ultra160 SCSI storage system that improves system uptime through hot-swappable components as well as fully redundant power supplies, fans and bus control cards. The storage system's high availability, flexibility and reliability make it a smart investment for IT managers.

For mid-range and enterprise customers who require a flexible, reliable and easily managed high-performance disk storage system for servers, the HP Surestore Disk System 2300 improves the productivity of system users by helping ensure they can access data stored on the system, even during most upgrades and repairs. The system holds 14 disks in a 3U SCSI enclosure for up to 1 terabyte of storage.

In addition to the new line-up of IA-32 based servers and storage device, HP is introducing enabling software products and capabilities to complement the new servers, including:

• Rapid Deployment: HP's rapid deployment software allows customers to quickly deploy multiple local or remote HP IA-32 based servers simultaneously from a single desktop or notebook PC. HP's rapid deployment software helps customers install and configure current and new servers fast. HP rapid deployment will support Linux.
• Plug-and-play Linux: HP's Linux optional preloaded software recognizes the server on the LAN the first time it is turned on, whether a keyboard and monitor are attached or not. It can be used standalone as a pre-configured file and print server (Samba) or Web server (Apache) or for firewall and caching in a larger end-to-end solution. Server addresses are easily discovered and the whole server can be managed and easily changed from any client browser. The plug-and-play Linux option is available on select new and existing HP IA-32 based servers.
• HP has made it easier than ever to troubleshoot these servers with a simple-to-read internal LED panel that shows the opening status of key server components allowing customers to quickly identify and replace failed components.

Pricing and Availability

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all. HP had total revenue of $45.2 billion in its 2001 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com/.

(1) Estimated U.S. street prices. Actual prices may vary.

Intel and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and in other countries.

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 the annual report on Form 10-K for the year ended Oct. 31, 2000, 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.