HP 2012 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 other
financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any
statements of the plans, strategies and objectives of management for future operations, including the
execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any
statements concerning the expected development, performance, market share or competitive performance
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 and retirement programs; the
execution, timing and results of restructuring plans, including estimates and assumptions related to the cost
and the anticipated benefits of implementing those 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 server and storage
technology, networking products and solutions, information technology (‘‘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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