DEMO 0_HP Earning Release_Presentation

DEMO 0_HP Earning Release_Presentation - HP Q1 FY05...

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© 2004 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice HP Q1 FY05 Earnings Announcement February 16, 2005 HP Investor Relations http://investor.hp.com/
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February 16, 2005 http://investor.hp.com/ email: [email protected] 2 Forward-looking statements These materials contain 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 earnings, revenue, expenses, cash repatriation, margins or other financial items; any statements of the plans, strategies, and objectives of management for future operations, including the execution of restructuring plans and remediation of execution issues; any statements regarding management and organizational structure; any statements concerning the expected development, performance or market share relating to products or services; any statements regarding future economic conditions or performance; 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 outcome of pending legislation; execution and performance of contracts by suppliers, customers and partners; disruptions in relationships with customers, suppliers and partners resulting from management transition; employee management issues; 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; and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2004 and subsequently filed reports. HP assumes no obligation and does not intend to update these forward- looking statements.
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February 16, 2005 http://investor.hp.com/ email: [email protected] 3 Use of non-GAAP terms To supplement our consolidated condensed financial statements presented on a GAAP basis, HP uses non-GAAP additional measures of operating results, net earnings and earnings per share adjusted to exclude certain costs, expenses, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our GAAP results are made with the intent of providing both management and investors a more complete understanding of the underlying operational results and trends and our marketplace performance. For example, the non-GAAP results are
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DEMO 0_HP Earning Release_Presentation - HP Q1 FY05...

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