PALO ALTO, Calif., Jun 30, 2008 (BUSINESS WIRE) -- HP (NYSE:HPQ) today announced that the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to HP's
proposed acquisition of Electronic Data Systems Corporation has
expired without a request for additional information by the U.S.
Department of Justice or the Federal Trade Commission.

The transaction still requires EDS stockholder approval and
regulatory clearance from the European Commission and other non-U.S.
jurisdictions and is subject to the satisfaction or waiver of the
other closing conditions specified in the merger agreement.

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.

Additional information and where to find it

EDS has filed with the Securities and Exchange Commission a
definitive proxy statement in connection with the merger. The
definitive proxy statement will be sent or given to the stockholders
of EDS. Before making any voting or investment decision with respect
to the merger, investors and stockholders of EDS are urged to read the
definitive proxy statement and any other relevant materials filed with
the SEC because they contain (or will contain) important information
about the merger. The definitive proxy statement and any other
documents filed by EDS with the SEC may be obtained free of charge at
the SEC's website at www.sec.gov. In addition, investors and
stockholders may obtain free copies of the documents filed with the
SEC by going to EDS's Investor Relations page on its corporate website
at www.eds.com or by directing a request to EDS at 5400 Legacy Drive,
Plano, TX 75024 -- Attention: Investor Relations.

EDS and HP and their respective directors and executive officers
may be deemed to be participants in the solicitation of proxies from
EDS stockholders in connection with the merger. Information about HP's
directors and executive officers is set forth in HP's proxy statement
on Schedule 14A filed with the SEC on January 29, 2008 and HP's Annual
Report on Form 10-K filed on December 18, 2007. Information about
EDS's directors and executive officers is set forth in EDS's proxy
statement on Schedule 14A filed with the SEC on March 4, 2008 and
EDS's Annual Report on Form 10-K filed on February 27, 2008.
Additional information regarding the interests of participants in the
solicitation of proxies in connection with the merger is included in
the definitive proxy statement that EDS has filed with the SEC.

Forward-looking statements

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 the expected benefits and costs of the transaction;
management plans relating to the transaction; the expected timing of
the completion of the transaction; the ability to complete the
transaction considering the various closing conditions, including
those conditions related to regulatory approvals; any statements of
the plans, strategies and objectives of management for future
operations, including the execution of integration plans; any
statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Risks, uncertainties and assumptions
include the possibility that expected benefits may not materialize as
expected; that the transaction may not be timely completed, if at all;
that, prior to the completion of the transaction, EDS's business may
not perform as expected due to transaction-related uncertainty or
other factors; that the parties are unable to successfully implement
integration strategies; and other risks that are described in HP's
Securities and Exchange Commission reports, including but not limited
to the risks described in HP's Annual Report on Form 10-K for its
fiscal year ended October 31, 2007 and Quarterly Report on Form 10-Q
for the fiscal quarter ended April 30, 2008. 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. HP shall not be
liable for technical or editorial errors or omissions contained
herein.

SOURCE: HP

HP
Ryan Donovan, +1-650-857-8410
ryan.j.donovan@hp.com
Emma McCulloch, +1-650-857-4183
emcculloch@hp.com
or
HP Media Hotline, +1-866-266-7272
pr@hp.com
www.hp.com/go/newsroom

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