Press Release:

HP Introduces Graphing Calculator with Ideal Match of Power and Value

PALO ALTO, Calif., Oct. 28, 2003

HP (NYSE:HPQ) today announced the HP 48gII graphing calculator, a powerful new entry into HP's expanding calculator line.

The HP 48gII graphing calculator performs a vast array of calculations and 3D graphics at an affordable estimated U.S. retail price of $129.(1) With an onboard library of 180 scientific and engineering constants and units, it is built for engineers, surveying professionals and students who need portable calculating power with the convenience of connectivity.

"The HP 48gII lends itself to a wide variety of uses, all the way from the classroom to the work place," said Fred Valdez, general manager, Calculators, HP. "This model combines the ultimate computation features in a very affordable package."

The calculator connects to a PC through a standard serial cable,(2) which enables users to load commercial and public domain programs, download collected data, and back up programs stored in the calculator's 80.7 kilobytes of user memory. Through its infrared port, the HP 48gII can quickly communicate with other 48gIIs and the recently announced HP 49g+ calculator.

In addition to the efficient RPN(3) (Reverse Polish Notation) entry mode, the HP 48gII offers optional algebraic and textbook entry modes, a user-friendly Computer Algebra System for dynamic equation solving, a fast flexible editor and 3D graphics. Quality-made in look and feel, the calculator has firm, durable keys and a sharp, easy-to-read 131 x 64 pixel screen.

Within the next several weeks, HP plans to launch two additional new calculators: one graphing and one scientific. The forthcoming graphing calculator, together with the HP 48gII, HP 49g+ and the entry-level HP 9g, are designed to fulfill the needs and budgets of a broad spectrum of users. The HP 17bII+ financial calculator was launched Sept. 23.

"By early 2004, HP will have a broad line of 11 scientific, graphing and financial calculators designed to meet the needs of all calculator users," said Valdez.

The HP 48gII is available today online in the United States at http://www.hpshopping.com and HP's Small and Medium Business store at http://www.smb.compaq.com. By early November, it will be available at other selected retailers throughout the United States. The calculator is already available in Latin America, Asia Pacific and Europe. Product-specific details are available at http://www.hp.com/go/48g2.

HP 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 http://www.hp.com/calculators. Also available on this Web site are step-by-step learning modules for HP's current range of calculators.

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.


(1) Actual prices may vary.

(2) A PC with an RS-232 serial port is required. Please purchase separately. RS-232 serial cable included with calculator.

(3) More information about Reverse Polish Notation is available.


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 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. 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 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.