HP Broadens Line of Multifunction Business Systems to Optimize Workplace Efficiency.

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PALO ALTO, Calif.--(BUSINESS WIRE)--March 12, 2002

Hewlett-Packard Company (NYSE:HWP)

Portfolio Includes Hardware, Software, Service and Support to

Enhance Productivity, Reduce Costs

Hewlett-Packard Company (NYSE:HWP) today introduced an expanded portfolio of multifunction products (MFPs), services, software and support options that make it easier for businesses to reduce costs by managing information globally from a single integrated device.

Three new HP LaserJet MFP business systems allow organizations to capture, integrate, archive and distribute information to optimize productivity and streamline communications. Engineered to improve operational efficiency and reduce costs, the systems can aid businesses of all sizes. By enabling users to print, copy, color scan, fax and digitally send documents to Internet and e-mail addresses, HP MFP business systems can help customers optimize their work environments without sacrificing user access, convenience or productivity.

In addition, the new portfolio is designed to simplify IT infrastructures by providing organizations with the HP services, products and support they need to standardize on HP configurations and supplies management, robust networking connectivity and management solutions, and Internet-enabled printing.

In addition to the MFP systems, HP unveiled its first large-format HP Designjet color copier for technical professionals and an external print server that allows workgroups to share HP USB-supported printers on a network or across the Internet.

Convergence Driving Enormous Changes in Office Productivity

According to Gartner, Inc., organizations that typically print and then distribute paper documents have begun to transition to new workflow processes in which digital content can be stored, retrieved, integrated and distributed whenever and wherever it's needed. When combined with a well-planned "rightsizing" of underused assets, these workflow enhancements can save businesses between 10 and 30 percent of their operational costs when fully deployed.(1)

"For many of our customers, MFPs represent a key opportunity to reduce costs and improve productivity within their enterprises," stated Vyomesh Joshi, president, HP Imaging and Printing Systems. "We believe the customer value delivered by these business systems will play a critical role in accelerating HP's growth in this evolving market. Additionally, customers can expect to see a further broadening of our multifunction product and solutions offerings as HP continues to aggressively invest in this area."

HP LaserJet Multifunction Printer Highlights

Designed for the small business, home office and small workgroup user, the HP LaserJet 3300mfp series provides both Windows(R) and Macintosh owners with reliable network printing, versatile copying, high-quality color scanning and send-to-email capabilities. Equipped with an engine that prints at 15 pages per minute (ppm) and copies at 14 ppm, the HP LaserJet 3300mfp series achieves professional results on a variety of media.

The HP LaserJet 4100mfp is a compact, intelligent network multifunction product that offers fast, efficient printing, copying, color scanning and digital sending for business workgroups with shared printing and copying needs. Small, medium and large organizations can use the robust 25 ppm print and copy engine, embedded send-to-email capabilities and optional digital sending software to maximize document management and distribution capabilities.

A high-performance, high-volume network multifunction system, the HP LaserJet 9000mfp is designed for large workgroups and departments with shared needs for fast network printing, copying, faxing, embedded send-to-email and robust paper handling.

With print and copy speeds of 50 ppm and a wide range of document finishing options, the HP LaserJet 9000mfp can quickly turn digital documents into ready-to-use booklets. An optional digital sending software package expands document management and distribution capabilities.

HP Copier and External Print Server Highlights

Developed for architects and engineers, the HP Designjet Copier cc800ps provides the convenience of in-house color copying, printing and scanning of wide, large-format documents for less than the cost of digital, monochrome alternatives. The integrated design makes it an ideal addition to any business that wants high-resolution, high-quality color operation on demand.

Compatible with HP Web Jetadmin printer management software and equipped with an embedded Web server for diagnostics and supplies ordering, the HP Jetdirect external print server can link to network printers with USB ports in most Ethernet/Fast Ethernet operating environments.

HP Services and Support

In addition to flexible leasing solutions, HP customers have two integrated financing services for purchasing their new MFP business systems. HP Printadvantage is a usage-based program that allows small- and medium-sized businesses to purchase HP MFPs, supplies, services and support for a single monthly payment.

HP Managed Print Services is an outsourcing service for large, distributed environments. Through the HP Managed Print Services program, qualified professionals provide analysis, design, implementation and management services to reduce costs and increase workplace productivity. Flexible payment options, including pay-per-page and monthly pay programs, are available at http://www.printservices.hp.com.

HP and Partner Solutions

To simplify the integration of paper documents into business communications systems, HP is offering HP and partner-developed applications to address key business needs. HP's send-to-email capabilities -- standard features across the MFP product line -- allow customers to reduce printing, faxing and overnight delivery expenses by converting black and white or color documents into email attachments.

Optional MFP digital sending software enables users to distribute information securely via Novell and Windows authentication to Internet and LAN fax servers, network folders and workflow applications. When combined with Notable Solution Inc.'s AutoStore 2002 software and Microsoft(R) Sharepoint Portal Server, customers have an integrated document management solution to capture, route, store, archive and retrieve information. Additional HP and partner applications simplify electronic filing processes, deliver documents securely over the Internet, and more.

Availability and Pricing

The HP LaserJet MFPs, software and services are expected to be available beginning March 26 in North America. The HP Designjet Copier cc800ps is expected to be available April 3 in North America. Estimated U.S. street pricing is as follows(2):

    HP LaserJet 3300mfp series                     $499-$899
    HP Jetdirect 310x external print server        $     299
    HP Designjet Copier cc800ps                    $  19,995

Available through resellers, estimated U.S. list pricing is as follows(3):

    HP LaserJet 4100mfp                            $   3,749
    HP LaserJet 9000mfp                            $  13,999

More information about HP's MFP portfolio is available at: http://www.hp.com/go/mfp.

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) Gartner Research Note, "Rightsizing Output Fleets: The Hidden

Goldmine," March 19, 2001.

(2) Actual prices may vary.

(3) Actual prices may vary depending upon the reseller as well as

services, support and software options.

Note to Editors: Windows and Microsoft are U.S. registered trademarks of Microsoft 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 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.

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