Press Release: February 12, 2009

Tipping Point Community to Receive $250,000 in Cash and HP Technology to Fight Bay Area Poverty

HP grant is final push to meeting Tipping Point’s $2 million goal
PALO ALTO, Calif., Feb. 12, 2009

HP today announced it will donate $250,000 in cash and technology to Tipping Point Community, a San Francisco Bay Area grant-making organization, in support of 22 local poverty-fighting organizations.

To combat poverty in the Bay Area during the current economic downturn, and as an incentive to inspire people to donate money to Tipping Point Community, the board of directors of Tipping Point Community offered a dollar-for-dollar match for money raised between Dec. 1, 2008, and Jan. 31, 2009, up to $1 million.

HP committed $100,000 in cash, allowing Tipping Point Community to reach $1 million in donations and thus a total of $2 million was raised to support Tipping Point grantees.

In addition, HP will donate $150,000 in HP technology, to be distributed in partnership with Tipping Point Community to local Bay Area organizations. Also, Michael J. Holston, executive vice president, general counsel and secretary at HP, has joined the Tipping Point Community board.

“Our groups desperately need modern technology to guarantee effective service delivery to their communities – most simply can’t afford it,” said Daniel Lurie, president and founder, Tipping Point Community. “HP’s generous contributions ensure they will have the tools required to have maximum impact in the fight against poverty.”

“HP’s donation to Tipping Point Community furthers our long history of commitment to supporting the communities in which we live and work,” said Holston. “It is even more important to support our communities in the current economic crisis, and Tipping Point Community’s campaign to fight poverty aligns with HP’s commitment to empower individuals and communities by supporting them with investments of HP resources and technology.”

More information about HP’s social investment activities is available at http://www.hp.com/hpinfo/globalcitizenship/gcreport/socialinvestment.html.

About Tipping Point Community

Tipping Point Community screens non-profits rigorously to find the most effective groups connecting Bay Area individuals and families to the services and opportunities needed to break the cycle of poverty and achieve economic self-sufficiency. Tipping Point’s board underwrites all operating and fundraising expenses so that 100 percent of every dollar donated goes directly toward fighting poverty. More information about Tipping Point Community is available at www.tippoint.org.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP (NYSE: HPQ) is available at http://www.hp.com.


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; any statements regarding 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 macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


Editorial contacts:

Pamela Bonney, HP: pamela.bonney@hp.com

Jen Pitts, Tipping Point Community: jen@tippoint.org

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 http://www.hp.com.