HP acquires Bitfone Corp.

CALIFORNIA

JANUARY 4, 2007

HP announced that it has signed a definitive agreement to purchase Bitfone
Corp., a privately held global software and services company that develops
software solutions for mobile device management for the wireless industry.

The acquisition is part of HP's strategy to grow its mobile enterprise
business. Acquiring Bitfone will strengthen HP's ability to provide customers
with a flexible, modular approach to building a mobile infrastructure by
allowing them to choose what they need to meet their business needs.

"Mobile device management is a key component to driving widespread
mobile IT deployments," said Dave Rothschild, VP, Handheld Business Unit,
Personal Systems Group, HP. "With the acquisition of Bitfone, HP adds
mobile device management to a comprehensive management suite that already
includes servers, desktops and notebooks."

The acquisition adds a strategic component to HP's device management software
portfolio that is designed to accelerate customers' ability to manage their
mobility infrastructure in a reliable, secure and cost-effective way.

Mobile devices are increasingly becoming part of the core IT infrastructure
and there is a growing requirement that they need to fit into existing
management systems and frameworks. This acquisition provides HP the software
tools to help business customers reduce device support costs and smooth device
deployments, migration and replacement.

"As a leading technology innovator in the mobile device management and
wireless space, Bitfone has built a world-class software platform over the past
six years," said Gene Wang, chairman and chief executive officer, Bitfone
Corp. "We are proud to be joining HP, where we can continue to innovate and
provide software solutions that deliver a more compelling mobile
experience."

Financial terms of the transaction were not disclosed. The transaction is
subject to certain closing conditions and is expected to be completed by
February 2007.

Following completion, Bitfone will be integrated into the Handheld Business
Unit of HP's Personal Systems Group.