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HP ProCurve Networking Business sets a blistering pace - and makes it to No. 2 in Oz

  • 17 September, 2003 09:05

<p>Research confirms strong company growth for Jan - June 2003</p>
<p>AUSTRALIA, Melbourne, 11 September, 2003 - HP ProCurve Networking Business (PNB) today announced that it has achieved its stated goal of moving from number three to number two position in the Australian LAN Switch Market for January to June 2003, well before its end of year target.</p>
<p>The results, just released from leading IT Market research firm IDC, IDC Australia Local Area Network Hardware Tracker, confirmed HP ProCurve Networking's tremendous first half of 2003</p>
<p>HP ProCurve Networking credits its first half-year growth to an embrace by the Australian market of the company's proposition of value networking products underpinned by true lifetime warranty, quality engineering and a commitment to open standards.</p>
<p>"HP's ProCurve switching products are seeing growth in government and medium enterprise in the price competitive, yet technologically astute market," Joel Martin, Research Director IDC, Australia. "In our analysis of the Australian LAN switch market, HP ProCurve switches have emerged as the number 2 player with 7.5% share, in terms of revenue - an increase of over 300% year-on-year.</p>
<p>The Switch 5300 family series was also credited with contributing strongly to HP ProCurve's results. Since introduction in 2002, it is quickly becoming a thoroughbred in the PNB stable. The 5300 family of products has been recently upgraded to offer greater operability and convergence at an extremely cost-effective price, adding to its sustainability in the market.</p>
<p>"Our customers are clearly telling us that in these times, they place great importance on value for money when making their switch and router purchasing decisions," Paul Fisher, General Manager PNB Asia Pacific and Japan said. "We are also seeing greater sophistication in the purchase decision process with clear rejection of solutions that lock customers into proprietary solutions. Apart from the quality and affordability of our products, it is also through our close relationships with our channel partners that we were able to access our target markets efficiently and effectively in a very short period," added Mr Fisher.</p>
<p>HP ProCurve Networking products, services and solutions -- including Ethernet switches, routing switches, wireless access points and network-management applications -- allow customers to build networks that meet current and future needs for security, performance and reliability. More information about HP ProCurve networking solutions and products is available at http://www.hp.com/go/hpprocurve.</p>
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<p>About HP</p>
<p>HP delivers vital technology for business and life. The company's solutions span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium business. For the last four quarters, HP revenue totalled $70.4 billion. More information about HP is available at http://www.hp.com.</p>
<p>This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's quarterly report on Form 10-Q for the quarter ended January 31, 2003, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP assumes no obligation to update these forward-looking statements.</p>

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