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HP Chairman Addresses Creating Digital Dividends Conference.


Business Editors/High-Tech Writers

SEATTLE--(BUSINESS WIRE)--Oct. 17, 2000

Company Announces World e-Inclusion Milestones to Deliver

Internet-enabled Solutions to Poor in Developing Countries

In a keynote address keynote address
n.
An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech.

Noun 1.
 at the Creating Digital Dividends Conference in Seattle, Carly Fiorina Cara Carleton "Carly" Fiorina (born Cara Carleton Sneed; September 61954 in Austin, Texas) is an American business executive, best known as former CEO (1999–2005) and Chairman of the Board (2000–2005) of Hewlett-Packard (HP). , Hewlett-Packard Company (NYSE NYSE

See: New York Stock Exchange
: HWP HWP Height (and) Weight Proportionate
HWP Half-Wave Plate
HWP Highway Patrol
HWP Height Weight Proportional
HWP Hewlett-Packard Corporation (stock symbol)
HWP Hydrolyzed Whey Peptides
) chairman, president and chief executive officer called for new, people-centered, sustainable approaches and partnerships to solve the problem of the world's uneven distribution of information technology, economic resources and wealth.

Debra Dunn, vice president, HP Strategy and Corporate Operations also speaking at the conference, announced further milestones in HP's efforts to deliver relevant, sustainable, Internet-enabled solutions to the poor in developing countries through HP World e-Inclusion, a new business strategy to broaden access to the social and economic opportunities of the digital age.

HP World e-Inclusion milestones include an agreement to work together with TeltecGlobal to deploy solar- and satellite-powered telecenters to provide essential services to poor communities in Africa and Asia; and the Development MarketSpace This article or section is in need of attention from an expert on the subject.
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, an online service that brings together individuals and groups in developing countries with investors and technical professionals. To complement these alliances, HP is expanding its world-class research and development (R&D) operation by establishing research operations in India and China to generate innovations targeted at developing countries.

TeltecGlobal Project

HP and TeltecGlobal plan to work together to deploy telecenters and in-village services for the rural poor, helping to spur micro enterprise and economic development, including distance learning, telemedicine, banking, communications, and access to world markets.

A similar project is underway in partnership with the Foundation for Sustainable Development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union  of Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America.  -- led by former President Jose Maria Figueres Olsen. HP is also pursuing a project with Professor Muhammad Yunus' Grameen Bank Grameen Bank: see Yunus, Muhammad.
Grameen Bank

Bank in Bangladesh, the first bank to specialize in small loans for poor individuals. Originated by economist Muhammad Yunus, the Grameen banking model is based on groups of five prospective borrowers
 to develop village telecenters -- this time in Bangladesh -- with an initial focus on reducing infant mortality (hardware) infant mortality - It is common lore among hackers (and in the electronics industry at large) that the chances of sudden hardware failure drop off exponentially with a machine's time since first use (that is, until the relatively distant time at which enough mechanical  and developing efficient transfer of funds, especially for individuals and small businesses.

Development MarketSpace

Using HP's e-speak software technology that allows the discovery and interaction of e-services over the Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises  Development MarketSpace will link an ecosystem of communities where people and institutions can invest their knowledge, expertise, and money in ideas and programs that increase prosperity among people living in developing countries.

India Research Operation

HP is creating an India Research Operation to examine and explore the confluence of relevant social, cultural, economic and technological drivers in order to generate innovations targeted at the world's developing economies. The efforts at the India Research Operation will feed into and augment HP's World e-Inclusion effort.

HP Labs China

HP Labs China plans to focus research efforts on the intersection of the Internet and 3G wireless technology. The collision of technologies will yield opportunities for both World e-Inclusion and the emerging entrepreneurial small business community in China.

About World e-Inclusion

World e-Inclusion extends HP's business focus to traditionally excluded markets, with an emphasis on sustainable business ventures that improve the livelihoods of the roughly 4 billion people who have very low incomes in Africa, Asia, Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. , and Latin America.

HP is inventing and integrating the necessary technology, products, and e-services to deliver relevant solutions to benefit the poor in the developing world. Solutions focus on: health, education, information-based jobs, access to markets, and access to microcredit microcredit, the extension to poor individuals of small loans to be used for income-generating activities that will improve the borrowers' living standards. The loans, which may be as little as $20 for very poor borrowers in some developing countries, typically are  and other financial services.

To guide the new strategy, HP has formed an advisory board of respected experts in technology, public policy, and sustainable development.

Visitors to HP's World e-Inclusion Web site http://www.hp.com/go/we can "visit" a village, volunteer to help, sponsor programs to benefit the poor, and register to become a part of an ecosystem of World e-Inclusion partners. Craft items can also be purchased from participating villages through the Web site.

About Creating Digital Dividends

Creating Digital Dividends is sponsored by the World Resources Institute Founded in 1982, the World Resources Institute (WRI) is an environmental think tank based in Washington, D.C. WRI is an independent, non-partisan and nonprofit organization with a staff of more than 100 scientists, economists, policy experts, business analysts, statistical  to bring together a select group of leaders to explore untapped business opportunities by expanding digital technologies into regions, industries, and applications to unconventional markets in developing nations. Keynote addresses and panels of leaders from business, emerging markets and international agencies are featured. More information can be found at http://www.digitaldividend.org/.

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 individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on.

HP has 86,000 employees worldwide and had total revenue from continuing operations continuing operations

Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the
 of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

This news release may contain forward-looking statements that involve risks, uncertainties and assumptions that could cause results of Hewlett-Packard Company to differ materially from management's expectations. Such risks are detailed from time to time in Hewlett-Packard's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended Oct. 31, 1999 and any subsequently filed reports.
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Date:Oct 17, 2000
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