Press Release: October 07, 2003
Topics:

HP and World Wide Retail Exchange Open Web-based "OneStop IT Shop" Site

WWRE members to receive discounts, faster access to HP technology
PALO ALTO, Calif., Oct. 7, 2003

HP (NYSE:HPQ) and the World Wide Retail Exchange (WWRE), the premier Internet-based business-to-business exchange for retailers and suppliers, today announced the launch of a new Web-based information technology procurement site called the "OneStop IT Shop."

The OneStop IT Shop is a custom, global, online catalog that allows WWRE members to order HP branded technology, including industry-standard HP ProLiant servers, monitors, and desktop and notebook PCs. Members can place orders through the exchange's hosted procurement solution or directly to HP.

WWRE members, which include some of the largest retail and manufacturing companies in the world, receive preferred discounts on HP technology ordered through the Web site to serve their internal IT needs.

"In today's tough economic climate, e-business is the most efficient way to do business. By purchasing IT equipment through the OneStop IT Shop, retailers can benefit from a streamlined supply chain and lower processing and purchasing costs," said Marius Haas, vice president of worldwide e-business, HP. "These benefits provide the WWRE member with more efficient and cost-effective management of their IT needs."

"Partnering with a market leader like HP demonstrates our commitment to helping our members and the retail industry on the whole improve access to some of the most trusted technology in the marketplace," said Cathy Rutherford, director of sourcing, WWRE. "The OneStop IT Shop platform also demonstrates that HP shares this goal of continually uncovering ways to bring innovation to the retail industry."

"The launch of the OneStop IT Shop, with its breadth of IT products and services in one catalog, is another way HP is helping retailers increase the efficiency of their operations and lower the cost of procurement" said Leigh Morrison, vice president, U.S. Retail Industry Sales and Solutions, HP Enterprise Systems Group. "HP is committed to delivering solutions that meet retailers' most pressing needs, from the largest enterprises in the world, to small and medium sized businesses, just around the block.

About the WWRE

Formed in 2000, the WWRE is a private member organization composed of and driven by leading retailers and suppliers from 23 countries around the world in sectors ranging from food to general merchandise, drugstore and textile/home. Designed to facilitate and simplify trading between retailers, suppliers, partners and distributors, the WWRE currently consists of 64 members from Africa, Asia, Europe, North America and South America with combined sales of approximately U.S. $900 billion. To date, the WWRE has saved its members over $1 billion through the use of its solutions. For more information, visit the website at http://www.wwre.org or http://www.worldwideretailexchange.org.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totaled $71.3 billion. More information about HP is available at http://www.hp.com.


This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include employee management issues; the timely development, production and acceptance of services and their feature sets; the challenge of managing asset levels, including inventory; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks that are described from time to time in HP's Quarterly Report on Form 10-Q for the period ended July 31, 2003 and HP's other Securities and Exchange Commission reports filed after HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2002. 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 http://www.hp.com.