HP 2010 Annual Report Download - page 11

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, earnings, earnings per
share, tax provisions, cash flows, benefit obligations, share repurchases, currency exchange rates, the impact
of acquisitions or other financial items; any statements of the plans, strategies and objectives of management
for future operations, including execution of cost reduction programs and restructuring plans; any statements
concerning the expected development, performance or market share relating to products or services; any
statements regarding current or future macroeconomic trends or events and the impact of those trends and
events on HP and its financial 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 the impact of macroeconomic and geopolitical
trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new
products and services (and the enhancement of existing products and services) to meet customer needs and
respond to emerging technological trends; the execution and performance of contracts by HP and its
suppliers, customers and partners; the protection of HP’s intellectual property assets, including intellectual
property licensed from third parties; integration and other risks associated with business combination and
investment transactions; the hiring and retention of key employees; 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 solutions, information management software 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.
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