HP 2011 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 restructuring and integration 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 restructuring and
integration 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:
• personal computing and other access devices;
• 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;
• imaging and printing-related products and services; and
• enterprise information technology infrastructure, including enterprise storage and server
technology, networking products and solutions, IT management software, information
management solutions and security intelligence/risk management solutions.
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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