HP Slashes Prices by Up to 17 Percent Across Full Line of Pentium III Business Desktop and PC Workstations

Business Wire, August 23, 1999

PALO ALTO, Calif.--(BUSINESS WIRE)--Aug. 23, 1999--

HP Continues Strategy to Deliver Award-Winning PCs and Workstations

at Aggressive Prices

Hewlett-Packard Company today slashed prices by up to 17 percent across its full range of Intel(R) Pentium(R) III-based HP Brio business PCs, HP Vectra corporate PCs and HP Kayak PC Workstations.

The price reductions, effective immediately, include the following configurations:

HP Vectra VL PC -- award-winning manageability and serviceability features, Pentium III 500MHz processor, 64MB SDRAM, 6.4GB Ultra-ATA hard-disk drive and Windows NT(R) -- is expected to sell for an estimated U.S. street price of $1,301(1), a reduction of about 17 percent.

HP Kayak XA PC Workstation mini tower designed for creative and business professionals -- Pentium III 500MHz processor, 128MB SDRAM, 9.1GB SCSI hard-disk drive, Matrox G200 graphics, and Windows NT 4.0 -- is expected to sell for an estimated U.S. street price of $2,053(1), a reduction of about 15 percent.

HP Brio BAx PC for small- to medium-sized businesses -- Pentium III 450MHz processor, 64MB SDRAM, 13GB Ultra ATA hard-disk drive, 48X CD-ROM drive, Microsoft Office 2000 Small Business and Windows(R) 98 -- is expected to sell for an estimated U.S. street price of $1,198(1), a reduction of about 10 percent. The HP Brio PC line now starts at just $645(1).

Today's price cuts reflect recent price reductions from suppliers, as well as savings derived from HP's Channel Assembly and TopValue programs and other supply chain initiatives, which deliver HP quality at reduced costs for resellers and customers. These programs enable reseller partners to provide custom-configured solutions to better meet customers' exact price and performance needs.

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 launch Agilent Technologies as an independent company by mid-calendar 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 123,500 employees worldwide and had total revenue of $47.1 billion in its 1998 fiscal year. Information about HP, its products and the company's Year 2000 program can be found on the World Wide Web at http://www.hp.com.

(1) Actual prices may vary.

Note to Editors: Intel and Pentium are U.S. registered trademarks of Intel Corporation. Windows NT is a U.S. registered trademark of Microsoft Corp. Windows is a U.S. registered trademark of Microsoft Corp.