HP captures No. 1 position in total server revenue worldwide

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About HP
HP delivers vital technology for business and life. The company's solutions span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium business. For the last four quarters, HP revenue totaled $70.4 billion. More information about HP is available at http://www.hp.com

About HP Middle East
HP is the largest IT company in the Middle East employing about 500 people in the region. HP has been present in the Middle East since 1968, and opened its first regional office in 1994 and has offices in Dubai, Abu Dhabi, Cairo, Riyadh, Jeddah and Khobar servicing the GCC, the Levant and Egypt. For more information about HP in the Middle East, please visit www.hp.com/me

(1)IDC Quarterly Server Tracker, Q1CY2003, published May 30, 2003.
(2)IDC's new Server Taxonomy uses the following price ranges to differentiate servers into "Volume servers" <25K$, "Midrange Enterprise Servers" 25K$-500K$, "High-end Enterprise Servers" >500K$.
Further information is available at http://idctracker.com/

Unless specified as customer revenue, all other figures are factory revenue.
UNIX is a registered trademark of the Open Group. Windows is a registered trademark of Microsoft Corp.
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 January 31, 2003, and subsequently filed reports. 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.