PALO ALTO, Calif., July 1, 2008 – HP today announced the immediate availability of a new AMD processor-based quad-core workstation offering the performance of a workstation at a PC price.

The HP xw4550 Workstation includes the highly anticipated Quad-Core AMD Opteron™ processor for entry workstation applications such as engineering, digital content creation and power office. At a starting list price of U.S. $599,(1) the HP xw4550 is ideal for customers in the government and education sectors.

“HP continues to delight our customers by delivering first-to-market advancements such as the new quad-core AMD processors.” said Jeff Wood, director of product marketing, Workstations, HP. “The HP xw4550 makes it easier for anyone wishing to tap the power of a workstation to afford to have one under their desk.”

Features

The HP xw4550 offers the engineering advantages of HP’s highly tuned workstations, plus new features from the AMD Opteron processor line, such as enhanced power management and virtualization capabilities, and the overall system efficiency and flexibility of AMD’s Direct Connect Architecture.  All models of the HP xw4550 include an integrated ATI RadeonTM X1250 graphics card with the new error correcting memory capability.

Demonstrating HP’s environmental leadership, the HP xw4550 is registered as an Electronic Products Environmental Assessment Tool (EPEAT™) Gold product, the highest rating available. All HP workstations are more than 90 percent recyclable by weight and incorporate a tool-less chassis design for quick and easy upgrades by hand. Each workstation includes an 80 PLUS power supply, which is substantially more efficient than a standard power supply, reducing both overall energy usage and the amount of waste heat released into the environment.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.

(1) Estimated U.S. list prices. Actual prices may vary.

AMD, AMD Opteron and ATI Radeon are registered trademarks of Advanced Micro Devices, Inc.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

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