P R E S S   R E L E A S E

HP Expands Digital Projector Offering and Drives Growing Market with New Wireless Technologies

ORLANDO, Fla.--(BUSINESS WIRE)--June 2, 2003--HP (NYSE:HPQ) today announced two new HP Digital Projector product lines with color and wireless features designed to improve communication in the workplace.

The new HP Digital Projector vp6100 series, available immediately, is a line of portable projectors equipped with advanced color features and excellent image quality for businesses, educators and institutions.

Designed specifically for the ProAV channel, the new HP Digital Projector xp8000 series is the first projector line to use HP's proprietary dual color wheel technology. This provides customers with no-compromise presentation imaging choices - business-graphics, theatre-color video and super-bright mode.

HP collaborated with Texas Instruments (TI) and MARGI Systems on the HP Digital Projector xp8000 series to provide presenters with wireless instant display connectivity. The joint development efforts enable the HP Digital Projector xp8000 series to achieve smooth-flowing slide transitions and animations within Microsoft(R) PowerPoint presentations by using TI's DisplayConnect technology and new client technology from MARGI Systems.

Wireless-enabled presentations are expected to grow as wireless networks become more pervasive and the number of handheld devices and notebook PCs grows from 130 million today to 250 million by 2005, according to IDC.

"HP continues to drive innovation in the imaging market to help business customers and educators communicate more effectively," said Vyomesh Joshi, executive vice president, HP Imaging and Printing Group. "We're also expanding our distribution network to include both the ProAV channel and select retail stores, so we can make it even more convenient for customers to shop for and buy our projects. Today's announcement is an example of how HP brings customers a broad offering of imaging solutions with the help of our strong network of channel partners."

HP Digital Projector vp6100 Series
The HP Digital Projector vp6100 series offers a cost-effective, bright and secure solution for businesses, educators and institutions. The HP Digital Projector vp6110 and vp6120 are convenient and portable devices that allow on-the-go presenters to easily operate and move projectors between meeting rooms or office locations.

Both models in the product line feature white-segment-optimized mode designed for life-like video color saturation, advanced AV connectivity with seven video connections and TI's Digital Light Processing technology for high brightness.

HP Digital Projector vp6110 and vp6120 features include:
-- SVGA resolution (vp6110) and XGA resolution (vp6120);
-- 1,500 peak ANSI lumens brightness (vp6110) and 2,000 peak ANSI lumens brightness (vp6120);
-- 1,024 x 768 XGA or 800 x 600 SVGA resolution, depending on mode;
-- Table-top, ceiling, rear-mount and portable capabilities;
-- Easy-to-use wireless remote control featuring complete projector functionality, additional user-friendly keys and a laser pointer.

Both the HP Digital Projector vp6110 and vp6120 are available now at estimated U.S. street pricing of $1,499 and $1,999, respectively.(1)

HP Digital Projector xp8000 Series
Designed for professional AV installations, the HP Digital Projector xp8000 series includes two new models with industry-first technologies that deliver ease of use and advanced color imaging features.

The new HP Digital Projector xp8010 and xp8020 use HP's proprietary dual color wheel technology for optimized multimedia viewing. The dual color wheel feature offers one-touch switching between the three presentation modes - business-graphics, theatre-video and super-bright modes - to achieve optimal brightness or color.

The HP Digital Projector xp8000 series is the first to incorporate MARGI Systems' Wireless Presenter-to-Go presentation software, enabling easy wireless presentation from any WiFi-enabled PC or handheld device. The solution is available through an optional HP connectivity module that incorporates TI's DisplayConnect technology to enable remote control, management and maintenance of networked digital projectors.

HP Digital Projector xp8010 and xp8020 features include:
-- 2,600 peak ANSI lumens brightness (xp8010) and 3,300 peak ANSI lumens brightness (xp8020);
-- sRGB color matching and enhanced color tables;
-- 32 dBA for low-noise operation within conference rooms;
-- Optional short-, medium-, long- and extra-long throw lenses.

The HP Digital Projector xp8010 is planned to be available through HP ProAV channel partners in July at an estimated U.S. street price of $4,999.(1) The HP Digital Projector xp8020 is planned to be available by the end of the year with the price still to be determined. The HP Digital Projector xp8000 series advanced connectivity module, that includes wireless connectivity, is expected to be available at an estimated U.S. street price of $699.(1)

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.

(1) Actual prices may vary.
Microsoft is a U.S. 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. -