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From: Cathie Lesjak, CFO and interim CEO

To: All HP employees


Subject: Organization announcement

This is to advise you that Mark Hurd, chairman and CEO of HP, has
resigned from the company effective immediately. Mark's resignation was
submitted at the request of the company's board of directors as a result of
inappropriate behavior in which he engaged that violated HP's Standards of
Business Conduct and undermined his ability to continue to lead the
company.

At the request of the board, I have agreed to serve as interim CEO until a
new, permanent CEO is hired. During this time I also will continue to
perform my duties as CFO. The board has formed a committee to undertake
a search for a new CEO, and candidates from inside the company as well as
outside the company will be considered. I have informed the board,
however, that I do not wish to be considered for the role of permanent CEO,
and I have removed myself from being a candidate for that position.

While this news is unexpected, HP remains in an exceptionally strong


position both financially and in the marketplace. It is essential, however, that
we remain focused and continue to achieve--if not exceed--our operational
and financial objectives.
Because there is likely to be considerable media coverage of this
announcement during the next few days, I wanted to be the first to share the
facts with you.

Mark's resignation followed an internal investigation into a claim of sexual


harassment asserted against Mark and HP by a woman who is former
contractor to HP. The investigation was conducted by outside counsel in
conjunction with HP's general counsel's office and was overseen by the
board. Based on the investigation it was determined that the former
contractor's claim of sexual harassment was not supported by the facts.

The investigation did reveal, however, that Mark had engaged in other
inappropriate conduct. Specifically, based on the facts that were gathered it
was found that Mark had failed to disclose a close personal relationship he
had with the contractor that constituted a conflict of interest, failed to
maintain accurate expense reports, and misused company assets. Each of
these constituted a violation of HP's Standards of Business Conduct (PDF),
and together they demonstrated a profound lack of judgment that
significantly undermined Mark's credibility and his ability to effectively lead
HP.

As we regularly remind all employees, each of us is expected to adhere


strictly to the Standards of Business Conduct in all of our business dealings
and relationships. This expectation applies with even greater force to HP's
CEO and other senior executives who, given their positions, must set the
highest standard for professional and personal conduct. The investigation
that was conducted revealed that Mark had failed to meet this standard.

We recognize that this change of leadership is unexpected news. We also


know that HP's success in recent years is due to the collective efforts and
hard work of more than 300,000 talented employees who have formulated
far-reaching strategies and achieved our objectives better than anyone else in
the industry.

On Monday morning we will conduct an all-employee Webcast to discuss


this matter further and answer your questions. To join the Webcast please
click on this link.

In closing, I would like to thank each of you for your contributions to HP


and to ask that in the weeks and months to come we do everything to ensure
that HP's future, like its past, is one of innovation, operational excellence,
and the delivery of world-class products and services.

All the best.


Cathie