HP Unveils Storage Software and Services to Support Business Continuity; Instant Recovery Solutions, Innovative Pricing Model and New Services Change Data Center Economics.

Business Editors/High-Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 3, 2001

Hewlett-Packard Company (NYSE:HWP) today announced storage software and services, including the industry's first instant recovery management solution, to help customers efficiently control data center business applications and resources while optimizing uptime.

The business continuity offerings are the latest developments in HP's Federated Storage Area Management (FSAM) strategy, which is to increase the amount of data managed on a customer's network ten-fold without adding human resources.

"Business continuity is at the heart of an always-on Internet infrastructure. IT managers can now control elements of their storage environment that lead to a healthy bottom line," said Nora Denzel, vice president and general manager, HP Network Storage Solutions Organization. "Providing customers with consistent, immediate access to data and with support services that help customers scale their storage environments are key elements of HP's FSAM strategy."

HP's Data Protection and Recovery Solutions

-- HP OpenView Omniback II 4.1 software provides a way to instantly eliminate
data recovery windows and optimize uptime. Customers increase the efficiency of
their IT resources and storage infrastructure by fully automating the data
protection process while keeping data accessible. Compatible with most
operating, library and disk systems, the software provides customers with
disaster recovery and increased zero-downtime backup.

-- HP Surestore Fast Recovery Solutions have now been extended to HP Surestore
Virtual Arrays. By using HP Surestore Business Copy or Continuous Access
functionality, customers can significantly decrease the amount of time it takes
to recover Microsoft(R) Exchange 2000 databases and restore multiple databases
at once. These solutions also can improve ASP (application service provider)
service level agreements by predicting data corruption.

-- HP Zero Downtime Backup Solution also has been extended to HP Surestore
Virtual Arrays. This is the industry's first offering of a complete, integrated
package of hardware, software, consulting and services for restoring data in
mission-critical applications.

HP Storage Consolidation Services

Customer can now intelligently evolve their data centers while reducing total cost of ownership in heterogeneous environments. Services in this offering include storage analysis, design and consolidation implementation.

HP Storage Management

-- HP Pay Per Use (PPU) utility pricing for storage allows

customers to control the economics of their data centers by

reducing or eliminating capital investment and aligning

storage costs to business needs. Payments are made on a

gigabyte per month basis and customers pay only for the

storage they use. Available for the HP Surestore XP Disk and

Virtual Array families, HP PPU utility pricing incorporates HP

OpenView Storage Accountant software, which tracks storage for

financial analysis, budgeting and charge back.

-- HP OpenView Storage Area Management consulting services enable

customers to create scalable pools of storage that can evolve

using modular storage appliances on any operating system.

These services assist customers in building an FSAM

environment.

-- An updated HP OpenView Storage Area Manager software suite

offers enhanced integration with HP OpenView solutions and

support for multi-vendor storage management. Customers can

manage their data without disrupting business by pooling

storage virtually with one software solution, using "one pane

of glass."

-- HP Storage Area Networks (SAN) environment support services

are the first in the industry to support any brand of SAN

offering. Designed as a one-stop shop for customers' entire

SANs, these services provide customers troubleshooting

diagnostic tools, including guidance for outsourcing and HP

OpenView storage management software.

Additional products announced today include the HP Surestore Tape Autoloader 1/8, the HP Surestore FC 1Gb/2Gb Switch 16B and enhancements to HP Surestore Virtual Arrays 7100 and 7400.

More information about today's announcement is available at http://www.wswinteractive.com/hp/nsso/winter.

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.

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.

Note to Editors: Microsoft is a U.S. registered trademark of Microsoft Corp.