HP Selects Adobe PDF for Its Products and Services

PALO ALTO and SAN JOSE, Calif., (April 10, 2001)--Hewlett-Packard Company (NYSE:HWP) and Adobe Systems Incorporated (Nasdaq:ADBE) today announced an alliance to improve digital publishing by reducing inconsistencies and inefficiencies in Internet printing workflows. As part of this collaboration, HP has licensed the Adobe® Portable Document Format (PDF) libraries as a preferred file format for use in its products and services.

"We look forward to working with Adobe to develop next-generation Internet printing models to enable customers to reliably print personalized documents from any HP device," said Vyomesh Joshi, president, HP Imaging and Printing Systems. "HP's endorsement of Adobe PDF is significant because customers will benefit from a standard Internet document format that spans the entire lifecycle of a document."

"HP and Adobe have consistently provided leading products that enable customers to easily create, deliver and print high-quality documents," said Bruce Chizen, president and CEO, Adobe Systems. "It's exciting to be working together on our shared vision to help printing and publishing professionals develop Internet printing workflows that deliver consistent, predictable results every time."

Printing and imaging devices, such as HP Photosmart cameras, scanners and all-in-one devices will be among the first HP products to incorporate the Adobe PDF technology. HP devices incorporating the Adobe PDF technology are expected to be available in spring 2002.

HP also announced today that it has joined Adobe as a partner member of CIP4, an international body promoting the computer-based integration of all processes of the graphic arts industry. The current high-profile work of CIP4 is the evolution of the Job Definition Format (JDF) specification, which allows users to track a job from start to finish across practically any system already in place.

About Adobe

Founded in 1982, Adobe Systems Incorporated (www.adobe.com) builds award-winning software solutions for Network Publishing, including Web, print, video, wireless and broadband applications. Its graphic design, imaging, dynamic media and authoring tools enable customers to create, manage and deliver visually-rich, reliable content. Headquartered in San Jose, Calif., Adobe is the second-largest PC software company in the U.S., with annual revenues exceeding $1.3 billion.

Adobe is a trademark of Adobe Systems Incorporated.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include the ability of HP to retain and motivate key employees; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K for the year ended Oct. 31, 2000, and subsequently filed reports. HP does not intend to update these forward-looking statements.