November 24, 2008
HP Reports Fourth Quarter 2008 Results

-Fourth quarter net revenue up 19%, or $5.3 billion, from a year earlier to $33.6 billion

-Fiscal 2008 net revenue up 13%, or $14.1 billion, to $118.4 billion

-Fourth quarter GAAP operating profit up 4% to $2.7 billion; $0.84 earnings per share, up from $0.81 a year earlier

-Fourth quarter non-GAAP operating profit up 21% to $3.4 billion; $1.03 earnings per share, up from $0.86 a year earlier

-Fourth quarter cash flow from operations of $3.3 billion; fiscal 2008 cash flow from operations of $14.6 billion, up 52% from a year earlier

-Closed EDS acquisition; integration on track

November 18, 2008
HP Announces Preliminary Fourth Quarter Results; Provides 2009 Outlook

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. Excluding the impact of the EDS acquisition, HP revenue grew 5% year over year or 2% when adjusted for the effects of currency. In the fourth quarter, preliminary GAAP and non-GAAP diluted earnings per share (EPS) were $0.84 and $1.03, respectively. Non-GAAP EPS estimates exclude after-tax adjustments related to amortization of purchased intangibles, restructuring, in-process R&D and other acquisition-related charges of approximately $0.19 per share.

November 15, 2008
HP Board Declares Regular Dividend, Sets Annual Meeting and Record Dates

On Nov. 20, 2008, the HP board of directors declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the first in HP’s fiscal year 2009, is payable on Jan. 7, 2009, to stockholders of record as of the close of business on Dec. 17, 2008.

October 15, 2008
Subsidiary of EDS, an HP Company, to Modernize Washington State Unemployment Insurance Tax System

EDS, an HP company, announced that Saber Government Solutions, its non-healthcare U.S. state and local government subsidiary, has been awarded a $24 million contract to develop and design the new tax system for the Washington Employment Security Department (WA ESD).

September 24, 2008
HP Names Raj Gupta to Board of Directors

HP today announced that Raj Gupta, chairman and chief executive officer of Rohm and Haas Company, has been elected to serve on the HP board of directors. Gupta will join the board in January 2009, bringing the total number of members to 11, ten of whom are outside directors.

September 22, 2008
HP Board Authorizes Additional $8 Billion for Share Repurchases

The HP board of directors has approved the authorization of an additional $8 billion for share repurchases. HP repurchased approximately $1.6 billion worth of its shares in the third quarter and, as of July 31, 2008, had approximately $3.0 billion of repurchase authorization remaining under the $8.0 billion repurchase authorization approved by the board in November 2007.

September 15, 2008
HP Announces Plans to Integrate EDS

With the acquisition of EDS, HP has the industry’s most comprehensive portfolio of IT solutions to help customers manage and transform their technology environments. The company also will announce plans to restructure the EDS business group to streamline costs, invest in growth and drive shareholder value. Once completed, the restructuring program is expected to result in annual cost savings of approximately $1.8 billion. These savings are net of reinvestments in areas including sales coverage, delivery optimization and emerging markets. HP will be recording a charge of $1.7 billion in the fourth quarter of fiscal 2008 relating to the restructuring program, $1.4 billion of which will be recorded as goodwill and $0.3 billion of which will be recorded as a restructuring charge that will be included in HP’s GAAP financial results.

 

August 26, 2008
HP Completes $13.9 Billion Acquisition of EDS

HP today announced that it has completed its acquisition of Electronic Data Systems Corporation (EDS), creating a leading force in technology services. With this acquisition, initially announced on May 13 and valued at an enterprise value of approximately $13.9 billion, HP has one of the technology industry's broadest portfolios of products, services and end-to-end solutions. The combined offerings are focused on helping clients accelerate growth, mitigate risks and lower costs.

August 19, 2008
HP Reports Third Quarter 2008 Results

HP today announced financial results for its third fiscal quarter ended July 31, 2008, with net revenue of $28.0 billion, up 10% from a year earlier and up 5% when adjusted for the effects of currency. In the third quarter, GAAP operating profit was $2.5 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.66 in the prior-year period. Non-GAAP operating profit was $2.7 billion, with non-GAAP diluted EPS of $0.86, up from $0.71 in the prior-year period.

July 25, 2008
HP Board Declares Regular Dividend

The HP board of directors has declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the fourth in HP’s fiscal year 2008, is payable on Oct. 1, 2008, to stockholders of record as of the close of business on Sept. 10, 2008.

HP Announces European Commission Approval of EDS Acquisition; Agrees to Settle Litigation Relating to Acquisition

HP today announced that the European Commission has approved without conditions HP’s planned acquisition of Electronic Data Systems Corporation. The transaction still requires EDS stockholder approval and regulatory clearance from other non-U.S. jurisdictions. EDS stockholders are scheduled to vote on the transaction on July 31, 2008. The transaction also is subject to the satisfaction or waiver of the other closing conditions specified in the definitive agreement.

 

June 19, 2008
HP Offers Solutions Contributing to 1 Billion Tonnes of CO2 Emissions Reductions

HP published a guide that identifies the potential to reduce carbon dioxide (CO2) emissions by using existing HP solutions. HP's white paper, titled "Low Carbon IT Solutions," further supports the company-wide HP Eco Solutions program. Beyond documenting the efficiency of information technology (IT) solutions, the white paper helps customers identify those products and services that can help them transition to operate with a lower carbon footprint.

June 08, 2008
HP and Acer Settle Patent Litigation

The confidential settlement agreement resolves all claims asserted in three federal court lawsuits and two United States International Trade Commission investigations between the parties. As a result of the settlement agreement, each action will be dismissed as to the parties.

June 03, 2008
HP Board Declares Regular Dividend

The HP board of directors has declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the third in HP’s fiscal year 2008, is payable on July 2, 2008, to stockholders of record as of the close of business on June 11, 2008.

June 02, 2008
HP Announces Multimillion Dollar Sale of HP Indigo Digital Press Technologies to Consolidated Graphics

HP today announced that it has signed a multimillion dollar agreement with Consolidated Graphics, one of the largest North American general commercial printing companies, for the installation of as many as 36 HP Indigo digital presses – including multiple HP Indigo 7000 Digital Presses – at facilities in the United States and the Czech Republic this year. In terms of value, the HP Indigo technology purchase represents a significant portion of the capital expenditures Consolidated Graphics has planned for its digital printing operations this year. Last year, the company spent approximately $25 million on digital presses and related technology. Press installations are scheduled to begin in June, starting with the company’s Prague, Czech Republic, and Medford, Ore., facilities.

May 20, 2008
HP Reports Second Quarter 2008 Results

-Second quarter net revenue up 11%, or $2.7 billion, from a year earlier to $28.3 billion
-Second quarter GAAP operating profit up 22% to $2.6 billion; $0.80 earnings per share, up from $0.65 a year earlier
-Second quarter non-GAAP operating profit up 22% to $2.8 billion; $0.87 earnings per share, up from $0.70 a year earlier
-Record cash flow from operations of $4.8 billion
-$2.8 billion of share repurchases

May 13, 2008
HP to Acquire EDS for $13.9 Billion

HP and EDS today announced that they have signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion. The terms of the transaction have been unanimously approved by the HP and EDS boards of directors. The transaction is expected to close in the second half of calendar year 2008 and to more than double HP's services revenue, which amounted to $16.6 billion in fiscal 2007. The companies' collective services businesses, as of the end of each company's 2007 fiscal year, had annual revenues of more than $38 billion and 210,000 employees, doing business in more than 80 countries.

HP Announces Preliminary Second Quarter Results; Raises Full Year Earnings, Revenue Outlook

HP today announced preliminary results for the second fiscal quarter 2008, with revenue of $28.3 billion compared with $25.5 billion one year ago. In the second quarter, preliminary GAAP diluted earnings per share (EPS) were $0.80 and non-GAAP diluted EPS were $0.87, compared with second quarter fiscal 2007 GAAP diluted EPS of $0.65 and non-GAAP diluted EPS of $0.70. Non-GAAP diluted EPS estimates exclude after-tax costs related primarily to the amortization of purchased intangible assets of approximately $0.07 per share and $0.05 per share in the second quarter of fiscal 2008 and fiscal 2007, respectively. HP estimates full-year FY08 revenue will be approximately $114.2 billion to $114.4 billion, up from its previous estimate of $113.5 billion to $114 billion. FY08 GAAP diluted EPS is expected to be in the range of $3.30 to $3.34, up from its previous estimate of $3.26 to $3.30

May 12, 2008
HP Confirms It is in Talks with EDS Regarding Possible Business Combination

HP today confirmed that it is engaged in advanced discussions with Electronic Data Systems Corporation regarding a possible business combination involving the two companies. There can be no assurances that an agreement will be reached or that a transaction will be consummated. HP does not intend to comment further until an agreement is reached or discussions are terminated.

April 03, 2008
HP Reports Social and Environmental Progress and Goals in Fiscal Year 2007

HP today issued its annual Global Citizenship Report that outlines the company’s progress, as well as challenges, for fiscal year 2007. HP’s major global citizenship accomplishments in 2007 include:

-In 2007, HP conducted 150 audits of its suppliers. The company is providing training and support to help them meet the same stringent social and environmental standards to which HP holds itself, and the suppliers are responding with great progress and a commitment to ongoing improvement.

-Nearly three years ahead of schedule, HP has met its goal to reduce the annual energy consumption and associated greenhouse gas emissions of its operations and products sold each year to 20 percent below 2005 levels by 2010. As part of the company’s comprehensive climate change strategy and to underscore its commitment, HP has increased its target to 25 percent below 2005 levels by 2010, and it joined the World Wildlife Fund Climate Savers program in 2008.

-HP exceeded its goal to recycle 1 billion pounds (450,000 tonnes) of electronic products and supplies by the end of 2007. Now, the company has challenged itself to recover an additional 1 billion pounds for reuse and recycling by the end of 2010.

 

March 31, 2008
HP to Acquire Tower Software, Expanding Capabilities in Fast-growing e-Discovery and Compliance Software Mark

HP and Tower Software today announced that they have signed a pre-bid agreement for HP to acquire Tower, a document and records management software company based in Canberra, Australia. The deal will enable HP to expand its offerings in the fast-growing electronic discovery and compliance software market. The acquisition of Tower will add electronic records management to HP Software’s existing e-discovery and compliance capabilities in information collection and retention. This includes both records management and identification,(1) which have become increasingly important for organization due to rules and regulations such as the Federal Rules of Civil Procedure, the Sarbanes-Oxley Act and the Data Protection and Freedom of Information Acts.

February 28, 2008
HP Makes Big Investment in Consumer Tech Support
HP today announced the most substantial investment in consumer technical support in its history – the aim of which is to enable people to get faster, more effective help with the HP technology products in their homes. Customer service agents from Missouri to Moscow are now equipped with state-of-the art tools to help customers quickly return to their tasks, whether printing photos or connecting online with friends. HP’s investment is focused in three areas:

A new customer support infrastructure, serving customers in 132 counties and 31 languages;
Eight new call centers, including ones in Alabama, Missouri and Oregon and five others around the world; and
A support agent training pilot program and expanded availability of key technology tools.

February 19, 2008
HP Reports First Quarter 2008 Results

HP today announced financial results for its first fiscal quarter ended Jan. 31, 2008, with net revenue of $28.5 billion, up 13% from a year earlier and up 8% when adjusted for the effects of currency.In the first quarter, GAAP operating profit was $2.6 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.55 in the prior-year period. Non-GAAP operating profit was $2.8 billion, with non-GAAP diluted EPS of $0.86 up from $0.65 in the prior-year period. Non-GAAP financial information excludes $158 million of adjustments on an after-tax basis, or $0.06 per diluted share, related primarily to amortization of purchased intangibles.

February 13, 2008
HP Signs Seven-year, $675 Million Outsourcing Services Contract with Unilever
HP and Unilever today announced an extension of their relationship with the signing of a seven-year outsourcing contract for the management of Unilever’s technology infrastructure in the Americas, Asia, Africa, Turkey and Middle East. Through this agreement, HP will provide management of Unilever’s IT processes and services, including: corporate data centers, messaging and directory services, Internet and intranet systems hosting, disaster recovery services, and the outsourcing of 4,500 multi-vendor UNIX and Windows® servers and storage environments. As part of this agreement, approximately 250 Unilever employees will transfer to HP.

-Fourth quarter net revenue up 19%, or $5.3 billion, from a year earlier to $33.6 billion

-Fiscal 2008 net revenue up 13%, or $14.1 billion, to $118.4 billion

-Fourth quarter GAAP operating profit up 4% to $2.7 billion; $0.84 earnings per share, up from $0.81 a year earlier

-Fourth quarter non-GAAP operating profit up 21% to $3.4 billion; $1.03 earnings per share, up from $0.86 a year earlier

-Fourth quarter cash flow from operations of $3.3 billion; fiscal 2008 cash flow from operations of $14.6 billion, up 52% from a year earlier

-Closed EDS acquisition; integration on track

November 18, 2008
HP Announces Preliminary Fourth Quarter Results; Provides 2009 Outlook

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. Excluding the impact of the EDS acquisition, HP revenue grew 5% year over year or 2% when adjusted for the effects of currency. In the fourth quarter, preliminary GAAP and non-GAAP diluted earnings per share (EPS) were $0.84 and $1.03, respectively. Non-GAAP EPS estimates exclude after-tax adjustments related to amortization of purchased intangibles, restructuring, in-process R&D and other acquisition-related charges of approximately $0.19 per share.

November 15, 2008
HP Board Declares Regular Dividend, Sets Annual Meeting and Record Dates

On Nov. 20, 2008, the HP board of directors declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the first in HP’s fiscal year 2009, is payable on Jan. 7, 2009, to stockholders of record as of the close of business on Dec. 17, 2008.

October 15, 2008
Subsidiary of EDS, an HP Company, to Modernize Washington State Unemployment Insurance Tax System

EDS, an HP company, announced that Saber Government Solutions, its non-healthcare U.S. state and local government subsidiary, has been awarded a $24 million contract to develop and design the new tax system for the Washington Employment Security Department (WA ESD).

September 24, 2008
HP Names Raj Gupta to Board of Directors

HP today announced that Raj Gupta, chairman and chief executive officer of Rohm and Haas Company, has been elected to serve on the HP board of directors. Gupta will join the board in January 2009, bringing the total number of members to 11, ten of whom are outside directors.

September 22, 2008
HP Board Authorizes Additional $8 Billion for Share Repurchases

The HP board of directors has approved the authorization of an additional $8 billion for share repurchases. HP repurchased approximately $1.6 billion worth of its shares in the third quarter and, as of July 31, 2008, had approximately $3.0 billion of repurchase authorization remaining under the $8.0 billion repurchase authorization approved by the board in November 2007.

September 15, 2008
HP Announces Plans to Integrate EDS

With the acquisition of EDS, HP has the industry’s most comprehensive portfolio of IT solutions to help customers manage and transform their technology environments. The company also will announce plans to restructure the EDS business group to streamline costs, invest in growth and drive shareholder value. Once completed, the restructuring program is expected to result in annual cost savings of approximately $1.8 billion. These savings are net of reinvestments in areas including sales coverage, delivery optimization and emerging markets. HP will be recording a charge of $1.7 billion in the fourth quarter of fiscal 2008 relating to the restructuring program, $1.4 billion of which will be recorded as goodwill and $0.3 billion of which will be recorded as a restructuring charge that will be included in HP’s GAAP financial results.

August 26, 2008
HP Completes $13.9 Billion Acquisition of EDS

HP today announced that it has completed its acquisition of Electronic Data Systems Corporation (EDS), creating a leading force in technology services. With this acquisition, initially announced on May 13 and valued at an enterprise value of approximately $13.9 billion, HP has one of the technology industry's broadest portfolios of products, services and end-to-end solutions. The combined offerings are focused on helping clients accelerate growth, mitigate risks and lower costs.

August 19, 2008
HP Reports Third Quarter 2008 Results

HP today announced financial results for its third fiscal quarter ended July 31, 2008, with net revenue of $28.0 billion, up 10% from a year earlier and up 5% when adjusted for the effects of currency. In the third quarter, GAAP operating profit was $2.5 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.66 in the prior-year period. Non-GAAP operating profit was $2.7 billion, with non-GAAP diluted EPS of $0.86, up from $0.71 in the prior-year period.

July 25, 2008
HP Board Declares Regular Dividend

The HP board of directors has declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the fourth in HP’s fiscal year 2008, is payable on Oct. 1, 2008, to stockholders of record as of the close of business on Sept. 10, 2008.

HP Announces European Commission Approval of EDS Acquisition; Agrees to Settle Litigation Relating to Acquisition

HP today announced that the European Commission has approved without conditions HP’s planned acquisition of Electronic Data Systems Corporation. The transaction still requires EDS stockholder approval and regulatory clearance from other non-U.S. jurisdictions. EDS stockholders are scheduled to vote on the transaction on July 31, 2008. The transaction also is subject to the satisfaction or waiver of the other closing conditions specified in the definitive agreement.

 

June 19, 2008
HP Offers Solutions Contributing to 1 Billion Tonnes of CO2 Emissions Reductions

HP published a guide that identifies the potential to reduce carbon dioxide (CO2) emissions by using existing HP solutions. HP's white paper, titled "Low Carbon IT Solutions," further supports the company-wide HP Eco Solutions program. Beyond documenting the efficiency of information technology (IT) solutions, the white paper helps customers identify those products and services that can help them transition to operate with a lower carbon footprint.

June 08, 2008
HP and Acer Settle Patent Litigation

The confidential settlement agreement resolves all claims asserted in three federal court lawsuits and two United States International Trade Commission investigations between the parties. As a result of the settlement agreement, each action will be dismissed as to the parties.

June 03, 2008
HP Board Declares Regular Dividend

The HP board of directors has declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the third in HP’s fiscal year 2008, is payable on July 2, 2008, to stockholders of record as of the close of business on June 11, 2008.

June 02, 2008
HP Announces Multimillion Dollar Sale of HP Indigo Digital Press Technologies to Consolidated Graphics

HP today announced that it has signed a multimillion dollar agreement with Consolidated Graphics, one of the largest North American general commercial printing companies, for the installation of as many as 36 HP Indigo digital presses – including multiple HP Indigo 7000 Digital Presses – at facilities in the United States and the Czech Republic this year. In terms of value, the HP Indigo technology purchase represents a significant portion of the capital expenditures Consolidated Graphics has planned for its digital printing operations this year. Last year, the company spent approximately $25 million on digital presses and related technology. Press installations are scheduled to begin in June, starting with the company’s Prague, Czech Republic, and Medford, Ore., facilities.

May 20, 2008
HP Reports Second Quarter 2008 Results

-Second quarter net revenue up 11%, or $2.7 billion, from a year earlier to $28.3 billion
-Second quarter GAAP operating profit up 22% to $2.6 billion; $0.80 earnings per share, up from $0.65 a year earlier
-Second quarter non-GAAP operating profit up 22% to $2.8 billion; $0.87 earnings per share, up from $0.70 a year earlier
-Record cash flow from operations of $4.8 billion
-$2.8 billion of share repurchases

May 13, 2008
HP to Acquire EDS for $13.9 Billion

HP and EDS today announced that they have signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion. The terms of the transaction have been unanimously approved by the HP and EDS boards of directors. The transaction is expected to close in the second half of calendar year 2008 and to more than double HP's services revenue, which amounted to $16.6 billion in fiscal 2007. The companies' collective services businesses, as of the end of each company's 2007 fiscal year, had annual revenues of more than $38 billion and 210,000 employees, doing business in more than 80 countries.

HP Announces Preliminary Second Quarter Results; Raises Full Year Earnings, Revenue Outlook

HP today announced preliminary results for the second fiscal quarter 2008, with revenue of $28.3 billion compared with $25.5 billion one year ago. In the second quarter, preliminary GAAP diluted earnings per share (EPS) were $0.80 and non-GAAP diluted EPS were $0.87, compared with second quarter fiscal 2007 GAAP diluted EPS of $0.65 and non-GAAP diluted EPS of $0.70. Non-GAAP diluted EPS estimates exclude after-tax costs related primarily to the amortization of purchased intangible assets of approximately $0.07 per share and $0.05 per share in the second quarter of fiscal 2008 and fiscal 2007, respectively. HP estimates full-year FY08 revenue will be approximately $114.2 billion to $114.4 billion, up from its previous estimate of $113.5 billion to $114 billion. FY08 GAAP diluted EPS is expected to be in the range of $3.30 to $3.34, up from its previous estimate of $3.26 to $3.30

May 12, 2008
HP Confirms It is in Talks with EDS Regarding Possible Business Combination

HP today confirmed that it is engaged in advanced discussions with Electronic Data Systems Corporation regarding a possible business combination involving the two companies. There can be no assurances that an agreement will be reached or that a transaction will be consummated. HP does not intend to comment further until an agreement is reached or discussions are terminated.

April 03, 2008
HP Reports Social and Environmental Progress and Goals in Fiscal Year 2007

HP today issued its annual Global Citizenship Report that outlines the company’s progress, as well as challenges, for fiscal year 2007. HP’s major global citizenship accomplishments in 2007 include:

-In 2007, HP conducted 150 audits of its suppliers. The company is providing training and support to help them meet the same stringent social and environmental standards to which HP holds itself, and the suppliers are responding with great progress and a commitment to ongoing improvement.

-Nearly three years ahead of schedule, HP has met its goal to reduce the annual energy consumption and associated greenhouse gas emissions of its operations and products sold each year to 20 percent below 2005 levels by 2010. As part of the company’s comprehensive climate change strategy and to underscore its commitment, HP has increased its target to 25 percent below 2005 levels by 2010, and it joined the World Wildlife Fund Climate Savers program in 2008.

-HP exceeded its goal to recycle 1 billion pounds (450,000 tonnes) of electronic products and supplies by the end of 2007. Now, the company has challenged itself to recover an additional 1 billion pounds for reuse and recycling by the end of 2010.

 

March 31, 2008
HP to Acquire Tower Software, Expanding Capabilities in Fast-growing e-Discovery and Compliance Software Mark

HP and Tower Software today announced that they have signed a pre-bid agreement for HP to acquire Tower, a document and records management software company based in Canberra, Australia. The deal will enable HP to expand its offerings in the fast-growing electronic discovery and compliance software market. The acquisition of Tower will add electronic records management to HP Software’s existing e-discovery and compliance capabilities in information collection and retention. This includes both records management and identification,(1) which have become increasingly important for organization due to rules and regulations such as the Federal Rules of Civil Procedure, the Sarbanes-Oxley Act and the Data Protection and Freedom of Information Acts.

February 28, 2008
HP Makes Big Investment in Consumer Tech Support
HP today announced the most substantial investment in consumer technical support in its history – the aim of which is to enable people to get faster, more effective help with the HP technology products in their homes. Customer service agents from Missouri to Moscow are now equipped with state-of-the art tools to help customers quickly return to their tasks, whether printing photos or connecting online with friends. HP’s investment is focused in three areas:

A new customer support infrastructure, serving customers in 132 counties and 31 languages;
Eight new call centers, including ones in Alabama, Missouri and Oregon and five others around the world; and
A support agent training pilot program and expanded availability of key technology tools.

February 19, 2008
HP Reports First Quarter 2008 Results

HP today announced financial results for its first fiscal quarter ended Jan. 31, 2008, with net revenue of $28.5 billion, up 13% from a year earlier and up 8% when adjusted for the effects of currency.In the first quarter, GAAP operating profit was $2.6 billion and GAAP diluted earnings per share (EPS) was $0.80, up from $0.55 in the prior-year period. Non-GAAP operating profit was $2.8 billion, with non-GAAP diluted EPS of $0.86 up from $0.65 in the prior-year period. Non-GAAP financial information excludes $158 million of adjustments on an after-tax basis, or $0.06 per diluted share, related primarily to amortization of purchased intangibles.

February 13, 2008
HP Signs Seven-year, $675 Million Outsourcing Services Contract with Unilever
HP and Unilever today announced an extension of their relationship with the signing of a seven-year outsourcing contract for the management of Unilever’s technology infrastructure in the Americas, Asia, Africa, Turkey and Middle East. Through this agreement, HP will provide management of Unilever’s IT processes and services, including: corporate data centers, messaging and directory services, Internet and intranet systems hosting, disaster recovery services, and the outsourcing of 4,500 multi-vendor UNIX and Windows® servers and storage environments. As part of this agreement, approximately 250 Unilever employees will transfer to HP.

 

November 06, 2008
HP Cuts Costs, Triples Data Center Capacity with New Energy-efficiency Technologies, Services

HP today broadened its Green Business Technology initiative with additions to its HP Thermal Logic portfolio that include power-capping server technologies and energy-efficiency services designed to reduce costs and extend the life of data centers. HP Dynamic Power Capping helps customers reallocate power and cooling resources in the data center by dynamically setting or “capping” the power drawn by the servers “With these new solutions from HP, customers are able to drive down data center costs by reducing energy consumption and, at the same time, minimize environmental impact,” said Peter Gross, chief executive officer, EYP Mission Critical Facilities, an HP company. “HP’s Green Business Technology initiative is built on decades of innovation and experience in data center design and deployment, resulting in solutions that empower CIOs to turn energy efficiency into business benefits that impact the bottom line.”

October 06, 2008
EDS, an HP Company, Expands Retail Industry Consulting Practice with Targeted Core Retail Solution

EDS, an HP company, today announced the launch of an end-to-end targeted core retail solution designed to enable retailers to compete more effectively and improve profitability.EDS’ new solution helps retailers more effectively manage local consumer demand with relevant store assortments through improved ordering, merchandising, demand/supply chain management and supporting analytical tools.

September 08, 2008
HP Breaks the 24-hour Battery Life Barrier

HP today announced an unprecedented milestone in mobile computing: up to 24 hours of continuous notebook operation on a single battery charge. As measured by an industry-standard benchmark, the new HP EliteBook 6930p configured with an optional ultra-capacity battery delivered up to 24 hours of battery runtime

July 29, 2008
HP, Intel and Yahoo! Create Global Cloud Computing Research Test Bed

HP, Intel Corporation and Yahoo! today announced the creation of a global, multi-data center, open source test bed for the advancement of cloud computing research and education. The goal of the initiative is to promote open collaboration among industry, academia and governments by removing the financial and logistical barriers to research in data-intensive, Internet-scale computing. The HP, Intel and Yahoo! Cloud Computing Test Bed will provide a globally distributed, Internet-scale testing environment designed to encourage research on the software, data center management and hardware issues associated with cloud computing at a larger scale than ever before. The initiative will also support research of cloud applications and services.

June 18, 2008
HP and TANDBERG Expand Video Collaboration Alliance

HP and TANDBERG today announced an expansion of their alliance to broaden the interoperability between telepresence and standards-based videoconference technologies. Working under their existing joint development agreement, the companies plan to jointly develop a new generation of offerings that deliver unparalleled managed telepresence and high-definition (HD) videoconferencing.

June 16, 2008
HP Introduces World’s First Blade Server for 24/7 Mission-critical Computing

HP today introduced the industry’s first high-availability, fault-tolerant blade server, delivering the lowest total cost of ownership of any server in its class. The new HP Integrity NonStop NB50000c BladeSystem supports high transaction volumes and provides real-time response capabilities in a cost-effective design.

June 10, 2008
HP Introduces World’s First Affordable Color-critical Display
HP today introduced its new color-critical computer professional display, available for less than a quarter of the cost of competing offerings. The HP DreamColor Display features a new liquid crystal display (LCD) that provides a range of more than 1 billion colors in a 30-bit, LED-backlit display. The display is now shipping worldwide for a U.S. list price of $3,499.

May 06, 2008
HP Introduces “Extreme” Storage for Online and Digital Media Businesses

HP today announced a highly scalable storage system designed to simplify the management of multiple petabytes of data at an affordable cost, making it ideal for online and digital media businesses. New business services offered by Web 2.0 and digital media firms – such as photo sharing, streaming media, video-on-demand and social networking – generate massive amounts of file-based data that needs to be stored, managed and retrieved in an instant. Large enterprises in sectors such as oil and gas, security and surveillance, and genetic research have similar demands. The HP StorageWorks 9100 Extreme Data Storage System (ExDS9100) addresses these requirements by offering vast storage capacity and simplified, integrated management. No other file-based network-attached storage (NAS) system on the market today offers a single management interface while scaling to the multi-petabyte level.

April 30, 2008
HP Labs Proves Existence of New Basic Element for Electronic Circuits

HP today announced that researchers from HP Labs, the company’s central research facility, have proven the existence of what had previously been only theorized as the fourth fundamental circuit element in electrical engineering. This scientific advancement could make it possible to develop computer systems that have memories that do not forget, do not need to be booted up, consume far less power and associate information in a manner similar to that of the human brain.

April 28, 2008
HP Introduces High-performance, Power-efficient Business Desktop PC and Affordable, Everyday Model

Extending its portfolio of reliable, energy-efficient desktop PCs for business, HP today introduced two models packed with smart ideas like built-in power management tools, which help customers reduce their energy consumption for lower operating costs and environmental impact.The HP Compaq dc5850 Business Desktop PC blends performance and value by featuring, for example, high-end integrated graphics technology and standard support for dual monitors in an affordable, mainstream PC.

April 08, 2008
HP Introduces Full-function Mini-notebook PC for Education Market
To help schools offer affordable computing to every student, HP today introduced a full-function, mini-notebook PC priced starting under $500.Designed for the education market, the HP 2133 Mini-Note PC is flexible enough for students to use from the classroom to the family room.

March 10, 2008
HP Targets Multi-billion Dollar Graphic Arts Market with New Digital Printing Technologies
HP today announced a landmark release of graphic arts technologies and products that improve the speed and reduce the cost of digital printing. The rollout – the company’s most extensive graphic arts push to date – supports HP’s Print 2.0 strategy to capture more digital pages from the analog print market and enable printing customers to take advantage of new market segments and business opportunities. Spanning high-speed inkjet production, offset- and photo-quality liquid electrophotographic printing as well as large-format printing, the new offerings will be featured at drupa, the world’s largest printing equipment exhibition, in HP’s booth in Hall 8A, May 29-June 11, in Düsseldorf, Germany.

February 06, 2008
HP Introduces Advanced Family of Disk Arrays at Entry-level Prices
HP today introduced a new family of entry-level disk arrays with enterprise-class features that can help customers more effectively centralize storage to lower costs, increase administrator efficiency and reduce business downtime