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HP Completes VoodooPC Acquisition

PALO ALTO, Calif. -- HP today announced it has completed itsacquisition of VoodooPC, a high-end gaming PC provider located inCalgary, Alberta, Canada.

Announced on Sept. 28, theacquisition will strengthen HP’s gaming market portfolio bybringing together the high-end gaming expertise of VoodooPC withHP’s research and development and global distributioncapabilities.

Effective Nov. 1, VoodooPCco-owner Rahul Sood will be the chief technologist for HP’s newlyformed gaming PC business unit, and co-owner Ravi Sood will be theunit’s director of strategy and marketing. Both executives willreport to Phil McKinney, general manager of HP’s gaming businessunit and vice president and chief technology officer of HP’sPersonal Systems Group.

“HP is delighted to welcomeVoodooPC into our new gaming business unit,” said Todd Bradley,executive vice president, Personal Systems Group, HP. “CombiningVoodooPC’s passion and expertise of the gaming world with HP’sR&D and marketing infrastructure positions HP to play aleadership role in all aspects of gaming.”

HP plans to maintainVoodooPC’s current distribution model and brand name along with itsmarketing, sales, support and development operations. Voodoo PCswill continue to be available for purchase on line at www.voodoopc.com.


This news releasecontains forward-looking statements that involve risks,uncertainties and assumptions. If such risks or uncertaintiesmaterialize or such assumptions prove incorrect, the results of HPand its consolidated subsidiaries could differ materially fromthose expressed or implied by such forward-looking statements andassumptions. All statements other than statements of historicalfact are statements that could be deemed forward-lookingstatements, including but not limited to statements of the plans,strategies and objectives of management for future operations; anystatements concerning expected development, performance or marketshare relating to products and services; anticipated operationaland financial results; any statements of expectation or belief; andany statements of assumptions underlying any of the foregoing.Risks, uncertainties and assumptions include the achievement ofexpected results and other risks that are described from time totime in HP’s Securities and Exchange Commission reports, includingbut not limited to the risks described in HP’s Quarterly Report onForm 10-Q for the fiscal quarter ended July 31, 2006, and otherreports filed after HP’s Annual Report on Form 10-K for the fiscalyear ended Oct. 31, 2005. HP assumes no obligation and does notintend to update these forward-looking statements.

© 2006Hewlett-Packard Development Company, L.P. The information containedherein is subject to change without notice. The only warranties forHP products and services are set forth in the express warrantystatements accompanying such products and services. Nothing hereinshould be construed as constituting an additional warranty. HPshall not be liable for technical or editorial errors or omissionscontained herein.

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