HP Announces Press Briefing on Board Leak
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Ryan J. Donovan
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PALO ALTO, Calif.,
Sept. 21, 2006 HP today announced that Mark Hurd, HP chief executive
officer and president, will lead a press conference on Friday, Sept. 22, at
1:05 p.m. PT, to discuss the actions HP is taking to address issues regarding
the investigation of leaks from its boardroom.
The press conference,
to be held in the companys Palo Alto head office and also will be webcast,
will include a representative from the outside law firm of Morgan, Lewis
& Bockius. The representative will provide information regarding the
investigation of the leaks.
Morgan Lewis was
retained on Sept. 8 by HP to conduct a comprehensive analysis of the leak
investigations. Morgan Lewis also is representing HP in connection with
several government inquiries.
This has nothing to do
with the strategy or operations of HP, said Hurd. What began as an effort
to prevent the leaks of confidential information from HPs boardroom ended up
heading in directions that were never anticipated. HP is working hard to
determine exactly what took place and when, and without all the facts it has
been difficult for us to respond to the questions that have been raised. We
plan to give as much clarity as we can to these matters.
HP is a technology
solutions provider to consumers, businesses and institutions globally. The
companys offerings span IT infrastructure, global services, business and
home computing, and imaging and printing. For the four fiscal quarters ended
July 31, 2006, HP revenue totaled $90.0 billion. More information about HP
(NYSE, Nasdaq: HPQ) is available at www.hp.com.