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HP's ProCurve Networking Secures No. 2 Switch Vendor Position Worldwide for Total Port Shipments

Posted on: Thursday, 19 August 2004, 06:00 CDT

Double-digit Ethernet switch port shipment and revenue growth continues for ProCurve Networking

ProCurve Networking by HP led the worldwide Ethernet switch market in revenue and port shipment growth among top tier enterprise vendors year-over-year for the second quarter of calendar year 2004, according to the latest report by Dell'Oro Group.(1) ProCurve Networking secured the No. 2 position in terms of total Layer 2 through 7 switch port shipments worldwide.

Results from the analyst firm's recent report examining the worldwide Layer 2 through Layer 7 Ethernet switch market revealed ProCurve's market leading revenue growth was 25.3 percent year-over-year while the market grew at 19.4 percent. ProCurve Networking port shipments grew 42.7 percent year-over-year while outpacing the overall Ethernet switch market, which grew 29.5 percent. The business saw consistent and comparable growth around the world.

"We credit our absolute growth to our customers recognizing the unique value they get from ProCurve," said John McHugh, vice president and general manger, ProCurve Networking by HP. "Enterprises are demanding a business-driven network, which we deliver with our Adaptive EDGE Architecture. Our customers get more from their networks, enabling increased security, reliability and flexibility. This makes ProCurve Networking the best choice in the market."

ProCurve also led the market in Layer 2 through Layer 7 Gigabit switch growth with 354.5 percent growth year-over-year. In addition, ProCurve's total Layer 3 switch port shipment market share was No. 2 worldwide with 84.5 percent port shipment growth year-over-year.

About ProCurve Networking by HP

The ProCurve Networking business unit of HP is a supplier of enterprise networking solutions comprising wired and wireless enterprise networking products, services and solutions - including Ethernet switches, routing switches, wireless access points and network-management applications - which allow customers to build networks based on open standards that meet current and future needs for security, performance and reliability.

More information about ProCurve networking solutions and products is available at www.hp.com/go/hpprocurve.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the four fiscal quarters ended July 31, 2004, HP revenue totaled $78.4 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.

(1) Dell'Oro Group, Q2'04 Ethernet Switch Report, August 2004.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever 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 and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected development, performance or rankings of products or services; statements of expectation or belief; and any statement of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the development, performance and market acceptance of products and services and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the risks described in HP's Quarterly Report on Form 10-Q for the period ended April 30, 2004 and reports filed after HP's Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2003. HP assumes no obligation and does not intend to update these forward-looking statements.

(C) 2004 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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