Press Release:

HP Expands Its Calculator Line with Two New Offerings

Powerful Graphic and Scientific Calculators Provide the Answers for Education Users
PALO ALTO, Calif., Jan. 23, 2003

HP (NYSE:HPQ) today introduced two easy-to-use algebraic calculators designed specifically for the education market. The powerful calculators are also the first products to be launched as part of HP's wider plans to enhance and develop a full range of RPN (Reverse Polish Notation) and algebraic calculators for education and financial users.

The HP 9g graphing calculator is an ideal entry-level tool for secondary school students or for anyone requiring the ability to graph and solve simple equations. HP has included the functionality and convenience of a split screen for equations and graphing; a programmable feature allowing users to enter their own data and computations; a graphing key; quick and easy metric conversions; and the ability to work in a variety of system modes.

The HP 9s scientific calculator is suited for the everyday user and middle and secondary school students solving basic math and science and related problems. It offers convenience and ease of use for everything from solving metric conversion problems to balancing a checkbook. Key product features include six common metric conversions, decimal point selection, four basic operation modes and a one-touch button to edit statistics.

"The HP 9s and HP 9g are just the beginning of what we have in store for our customers throughout the coming year," said Fred Valdez, general manager, Calculator Division, HP Personal Systems Group. "We've accelerated our product development plans and begun working with our new aggressive sales and marketing partners around the world." HP is partnering on sales and marketing with New Age Distributors in North America and Mexico, MORAVIA Consulting in Europe and Asia-Pacific and Abboud Trading in Latin America.

The HP 9g and the HP 9s calculators are available in stores now at U.S. manufacturers' suggested retail prices of $39.95 and $14.99, respectively.(1)

HP, the company that invented the scientific handheld calculator, offers a comprehensive range of calculators designed for math and science students, engineers, scientists, and financial and business consultants. More information about HP's entire range of calculators is available at

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer Corporation on May 3, 2002. More information about HP is available at

(1) Actual prices may vary.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q for the quarter ended July 31, 2002 and reports filed subsequent to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation 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