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Technology Stocks : American Power Conversion

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To: Boots who wrote (2316)3/16/2000 5:48:00 PM
From: Stephen Tomasetti   of 2574
 
APC and HP Press release from today:

Thursday March 16, 9:59 am Eastern Time

Company Press Release

SOURCE: American Power Conversion

American Power Conversion and HP Sign Worldwide Resale Agreement

WEST KINGSTON, R.I. and PALO ALTO, Calif., March 16 /PRNewswire/ -- After more than two years
of Hewlett-Packard Company (NYSE: HWP - news) recommending American Power Conversion
(Nasdaq: APCC - news) as its uninterruptible power supply (UPS) vendor of choice for HP NetServer
systems, the two companies today announced that they have entered into a global resale agreement. This strategic alliance enables HP to
exclusively offer APC's Smart-UPS© NS series of rack-mount UPSs to HP customers worldwide.

``We recognize that our customers' computing environments have become increasingly more complex due to the expansion of the Web-enabled
infrastructure as well as the growing demand for the highest levels of availability for business-critical processes,' said Silvana Torik, marketing
manager for HP's Enclosures and Peripherals Products Operation. ``We believe that HP's NetServer systems and APC's Smart-UPS NS series
are the ideal combination for today's e-services world, and we're pleased to be the exclusive provider of such a respected product as the
Smart-UPS NS.'

``We are very gratified that HP and its customers continue to find significant value through the combination of HP NetServer systems and APC
Smart-UPS NS solutions. This announcement is a natural next step in our relationship with HP and will provide the rapidly expanding HP
customer base with a single point of contact when they require a highly available business process,' said Peter Rumsey, vice president of APC's
Enterprise Systems Group. ``We are proud that HP has tremendous confidence in the quality of APC's products and that it shares our strong
belief that reliable power protection is not just nice to have, but is an essential component in helping customers reach the highest levels of
business-process availability.'

APC's Smart-UPS NS series, which is designed specifically for HP NetServer systems, has the same industrial design as the NetServer system
and is fully compatible with the HP rack environment. APC's UPS management software provides a variety of UPS management and monitoring
features and can be easily integrated with HP's server management tools including HP OpenView, HP NetServer Assistant and HP TopTools.
The Smart-UPS NS 2200VA UPS is available in both 120- and 230-volt models, while the 3000VA unit can be purchased for 120-, 230- and
208-volt markets.

Today's announcement further broadens the long-standing relationship between the two companies, which includes APC's solutions being
specified in HP-designed network solutions via HP's Network Design Center and the APC Redundant Switch being recommended for highly
available, mission-critical applications.

The Smart-UPS NS series is available immediately through HP's channel partners.

More information about APC's award-winning power protection and management solutions can be found at APC's Web site at www.apcc.com
or by calling APC at 800-877-4080.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services for business and home -- is focused
on capitalizing on the opportunities of the Internet and the proliferation of electronic services.

HP plans to spin off Agilent Technologies and distribute its shares to HP shareowners by mid-calendar year 2000. Agilent consists of HP's test
and measurement, semiconductor products, chemical analysis and healthcare solutions businesses, and has leading positions in multiple market
segments.

HP has 85,400 employees worldwide and had total revenue from continuing operations of $42.4 billion in its 1999 fiscal year. Information about
HP, its products and the company's Year 2000 program can found on the World Wide Web at hp.com.

About American Power Conversion

Founded in 1981, American Power Conversion is a leading provider of global, end-to-end power protection products and services, which
include surge suppressors, uninterruptible power supplies (UPS), power conditioning equipment, related software, and professional and
consulting services for Nonstop Networking(TM). APC's comprehensive solutions, which are designed for both home and corporate
environments, improve the manageability, availability and performance of sensitive electronic, network, communication and industrial equipment
of all sizes. APC, which is headquartered in West Kingston, Rhode Island, reported sales of $1.337 billion for the year ended December 31, 1999.

All trademarks are the property of their owners. Additional information about APC and its global end-to-end solutions can be found by
accessing the APC World Wide Web site at www.apcc.com or by calling 800-877-4080.

For more information contact:
At APC:
Media
Jodi Kennedy, APC director of media relations worldwide, 800-788-2208
ext. 2158, jkennedy@apcc.com
Juli Dexter, APC media relations manager, 800-788-2208 ext. 2373,
jdexter@apcc.com
Ron Seredian, APC media relations manager, 661-259-7799,
rseredia@apcc.com
Investors:
Debbie Grey, APC investor relations manager, 800-788-2208, ext. 2994,
dgrey@apcc.com
At HP:
Kim Kreutzer, 408-873-5284, kim_kreutzer@hp.com
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