HP Board Declares Regular Dividend

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 16, 2001--The board of directors of Hewlett-Packard Company (NYSE: HWP - news) today declared a regular cash dividend of 8 cents per share on the company's common stock. The dividend, the first in HP's fiscal year 2002, is payable on Jan. 9, 2002, to shareholders of record as of Dec. 19, 2001.

As of Oct. 31, 2001, the end of the company's 2001 fiscal year, HP had approximately 2 billion shares of common stock outstanding.

About HP

Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all. HP had total revenue of $45.2 billion in its 2001 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

     Dave Berman, 650/857-7277
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