HP 2009 Annual Report Download - page 10

Forward-Looking Statements
This Annual Report on Form 10-K, including ‘‘Management’s Discussion and Analysis of Financial
Condition and Results of Operations’’ in Item 7, contains forward-looking statements that involve risks,
uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove
incorrect, the results of Hewlett-Packard Company and its consolidated subsidiaries (‘‘HP’’) may 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 any projections of revenue, margins, expenses, tax provisions,
earnings, cash flows, benefit obligations, share repurchases, acquisition synergies, currency exchange rates or
other financial items; any statements of the plans, strategies and objectives of management for future
operations, including the execution of cost reduction programs and restructuring plans; any statements
concerning expected development, performance or market share relating to products or services; any
statements regarding future economic conditions or performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions
underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and
geopolitical trends and events; the execution and performance of contracts by HP and its customers,
suppliers and partners; the challenge of managing asset levels, including inventory; the difficulty of aligning
expense levels with revenue changes; assumptions related to pension and other post-retirement costs;
expectations and assumptions relating to the execution and timing of cost reduction programs and
restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are
described herein, including but not limited to the items discussed in ‘‘Risk Factors’’ in Item 1A of this
report, and that are otherwise described or updated from time to time in HP’s Securities and Exchange
Commission reports. HP assumes no obligation and does not intend to update these forward-looking
statements.
PART I
ITEM 1. Business.
HP is a leading global provider of products, technologies, software, solutions and services to
individual consumers, small- and medium-sized businesses (‘‘SMBs’’) and large enterprises, including
customers in the government, health and education sectors. Our offerings span:
• multi-vendor customer services, including infrastructure technology and business process
outsourcing, technology support and maintenance, application development and support services
and consulting and integration services;
• enterprise information technology infrastructure, including enterprise storage and server
technology, networking products and resources, and software that optimizes business technology
investments;
• personal computing and other access devices; and
• imaging and printing-related products and services.
HP was incorporated in 1947 under the laws of the State of California as the successor to a
partnership founded in 1939 by William R. Hewlett and David Packard. Effective in May 1998, we
changed our state of incorporation from California to Delaware.
HP Products and Services; Segment Information
During fiscal 2009, our operations were organized into seven business segments: Services,
Enterprise Storage and Servers (‘‘ESS’’), HP Software, the Personal Systems Group (‘‘PSG’’), the
Imaging and Printing Group (‘‘IPG’’), HP Financial Services (‘‘HPFS’’), and Corporate Investments.
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