ADVISORY/HP to Present Live Audio Webcast of Q2 Earnings Conference Call.

Business Editors/High-Tech Writers

ADVISORY...for Tuesday (May 20th)

--(BUSINESS WIRE)

What:       HP (NYSE:HPQ), as in past quarters, plans a live audio
            Webcast of its upcoming second quarter earnings conference
            call.

Who:        The audio Webcast of the conference call will be hosted by
            Carly Fiorina, HP chairman and chief executive officer,
            and Bob Wayman, HP executive vice president and chief
            financial officer.

When:       Tuesday, May 20
            5 p.m. EST/2 p.m. PST

URL:
www.hp.com/hpinfo/investor/financials/quarters/2003/q2webcast.html

Replay:     A replay of the audio Webcast will be available at the
            same Web site shortly after the call and will remain
            available for approximately one week.