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HP and TANDBERG Expand Video Collaboration Alliance

June 18, 2008

HP (NYSE:HPQ) and TANDBERG (OSE:TAA) today announced an expansion of their alliance to broaden the interoperability between telepresence and standards-based videoconference technologies.

Working under their existing joint development agreement, the companies plan to jointly develop a new generation of offerings that deliver unparalleled managed telepresence and high-definition (HD) videoconferencing. In addition:

— HP will invest in expanding managed services capabilities to support technologies from immersive telepresence solutions to standards-based HD videoconferencing endpoints and video network equipment on the HP Halo Video Exchange Network.

— HP will continue to develop and offer immersive telepresence solutions.

— TANDBERG will develop additional telepresence endpoint configurations, including immersive, instant and personal telepresence solutions, and network equipment supporting management capabilities for enhanced end-to-end managed services.

— Both companies will jointly promote open industry standards to drive broader multivendor, intercompany telepresence interoperability by working co-operatively with other telepresence vendors and Unified Communications providers.

“We’re triggering the tipping point of video collaboration and telepresence market adoption,” said David Murphy, senior vice president, Imaging and Printing Group, HP. “HP remains committed to producing telepresence solutions, and our expanded alliance with TANDBERG will allow us to jointly provide customers with a comprehensive portfolio of managed video collaboration solutions.”

“The HP and TANDBERG alliance will provide the best experience to telepresence users by combining products from the video communication leader with the premier managed service offerings from HP,” said Fredrik Halvorsen, chief executive officer, TANDBERG. “Together we’re delivering flexibility to our customers – entire networks will not need to be upgraded and having telepresence at every desk can redefine collaboration with predictable costs.”

HP and TANDBERG first announced their alliance in January 2007 with the initial goal of making their respective telepresence and videoconferencing portfolios interoperable. To that end, the HP Halo Gateway, based on TANDBERG technology and introduced in August 2007, seamlessly bridged videoconferencing solutions and HP Halo to extend the access of telepresence to a much broader audience. Financial services and communications companies are already benefiting from the successful integration of the HP Halo Gateway.

About TANDBERG

TANDBERG is a leading global provider of telepresence, high-definition videoconferencing and mobile video products and services with dual headquarters in New York and Norway. TANDBERG designs, develops and markets systems and software for video, voice and data. The company provides sales, support and value-added services in more than 90 countries worldwide. TANDBERG is publicly traded on the Oslo Stock Exchange under the ticker TAA.OL. More information about TANDBERG is available at www.tandberg.com.

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 world’s largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 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/.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

(C) 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.




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