PRESS RELEASE: H-P Comments On Merger -2-
For telco software, the new company will consolidate both HP's and Compaq's telecom software into the Opencall product family that will be used to develop, integrate and deliver voice, data and converged services.
The new HP will be equally strong on UNIX, Windows and Linux-based servers, requiring middleware solutions to support all platforms. HP will leverage key partner company relationships that enhance the middleware stacks around both J2EE and .NET to deliver a comprehensive ecosystem for HP and partners' application infrastructure components. HP will help customers manage the heterogeneous stack environments by providing key interoperability through the company's services and solutions organizations.
Personal Systems -- The personal systems branding strategy is designed to capitalize on the strong equity in the HP brand across a broad range of technology products as well as the strong equity in the Compaq brand for PCs worldwide.
HP announced that customers will be able to purchase both HP and Compaq-branded consumer PCs and notebooks in stores and online. In the commercial PC and notebook product categories, the Compaq brand will be retained and the HP brand will be dropped. All other products, solutions and services will carry only the HP brand. Product names for surviving products will be maintained.
Imaging and Printing -- All imaging and printing categories and product lines remain the same, with the exception of Compaq-branded products. HP and Compaq digital projectors will be combined into a single product line under the HP brand, a transition that will occur over the next 12 months. 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. The merged company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries. Information about HP and its products can be found at hp.com.
Microsoft and Windows are U.S. registered trademarks of Microsoft Corp. Intel is a U.S. registered trademark and Itanium is a trademark of Intel Corp. in the United States and other countries and is used under license of Intel Corp. HP-UX Release 10.20 and later and HP-UX Release 11.00 and later (in both 32- and 64-bit configurations) on all HP 9000 computers are Open Group UNIX 95 branded products. UNIX is a registered trademark of the Open Group.
This document contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. Further, these forward-looking statements do not constitute new or amended overall financial guidance for HP, and any anticipated aggregate contract values referred to in this document do not independently provide a basis for determining the future timing of revenue.
All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; 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 annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, HP's quarterly report on Form 10-Q for the quarter ended January 31, 2002 (as filed with the SEC on March 12, 2002) and subsequently filed reports.
HP assumes no obligation and does not intend to update these forward-looking statements. CONTACT: HP Rebeca Robboy, 408/447-2310 (May 7) 650/857-7750 (After May 7) rebeca_robboy@hp.com Dave Berman, 408/447-2311(May 7) 650/857-7277 (After May 7) dave_berman@hp.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE INTERNET NETWORKING SOFTWARE SOURCE: HP Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com
(END) DOW JONES NEWS 05-07-02
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