Hewlett-Packard Company Foundation, HP and Employees Commit More Than $1 Million to Relief Efforts in China

PALO ALTO, Calif.—(BUSINESS WIRE)—May 15, 2008— The Hewlett-Packard Company Foundation (NYSE:HPQ) today announced that it has committed $500,000 to the American Red Cross International Relief Fund in partnership with the Red Cross Society of China for aid in the aftermath of the earthquake that devastated the countrys Sichuan Province.

Numerous HP employees have already provided financial aid, and HP supports and encourages continued giving. HP employees in China have collectively given at least $285,000 approximately $100,000 of which was donated within the first hour alone of Chinas appeal for donations. The Hewlett-Packard Company Foundation also has instituted a gift-matching program for HP employee contributions for up to $350,000.

In addition, HP will donate approximately $300,000 fair market value worth of IT equipment to help rebuild local schools in the affected communities. HP has established an earthquake emergency relief team in China that will work to identify and support affected customers and mobilize volunteer teams to help recovery efforts. These volunteers will help with rebuilding and provide technical expertise to schools and communities in need.

HP and its employees have a long history of supporting those in need, said Piau-Phang Foo, managing director, HP China. Our thoughts are with the families and communities affected by this tragedy, and we are working hard to relieve their suffering and return their lives to some normalcy.

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 worlds largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP is available at www.hp.com.

Note to editors: More news from HP, including links to RSS feeds, is available at www.hp.com/hpinfo/newsroom/.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

 



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