Press Release:

HP Positioned in "Leaders" Quadrant for IT Event Correlation and Analysis

PALO ALTO, Calif., June 16, 2006

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HP today announced that its HP OpenView management software has been listed in the "Leaders" quadrant of industry analyst firm Gartner Inc.'s evaluation of the IT Event Correlation and Analysis market.(1)

According to Gartner, "leaders" are vendors that are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.

Leaders in the IT Event Correlation and Analysis market are vendors that possess a large and satisfied installed base and have a high degree of visibility within the market. They offer highly scalable, robust applications and have the strategic vision to address evolving enterprise requirements in the areas of mapping and prioritizing events to business impact and optimizing the event-to-incident/problem resolution processes, including integration with service desk tools.(1)

"HP OpenView software enables more efficient use of IT staff by allowing them to focus on resolving the events that affect the highest-impact business services," said Todd DeLaughter, vice president and general manager, OpenView Business Unit, HP. "Our solution is based on more than 15 years of experience with customer requirements and management software technology."

HP OpenView Operations anchors HP's solution for consolidated event and performance management of heterogeneous enterprise IT environments. The solution offers a service-driven operations approach to support customers' key business processes, and it includes capabilities to pinpoint problems in complex infrastructures so IT can resolve problems faster. HP's overall solution also encompasses services provided by the company or its extensive community of experienced partners.

More information about the HP OpenView portfolio is available at

About the Magic Quadrant

The Magic Quadrant is copyrighted 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended April 30, 2006, HP revenue totaled $88.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at

(1) Gartner, "Magic Quadrant for IT Event Correlation and Analysis, 2006" by D. Curtis, W. Cappelli and D. Williams, June 13, 2006.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the risks described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2006, and other reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at