News release

Carly Fiorina Statement on Appointment to Governor-elect Schwarzenegger's Transition Committee

PALO ALTO, Calif., Oct. 9, 2003 - HP (NYSE:HPQ) today issued the following statement from Carly Fiorina, HP chairman and chief executive officer, regarding her appointment to Governor-elect Arnold Schwarzenegger's Transition Committee:

"We're honored to be playing an advisory role in this important transition. We believe a healthy business environment is critical to HP and every other California employer, large or small. The state is facing a unique and extraordinary set of challenges and opportunities that demand the involvement of all of us to address them. It's time for everyone to pull together to improve California's competitiveness."

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.