American Express Taps EDS, an HP Company, for Enhanced IT Services, Lower Costs

PLANO, Texas--(Business Wire)--
EDS, an HP (NYSE:HPQ) company, today announced a five-year technology services
agreement with American Express.

Initial implementation of the infrastructure services agreement, which was
signed in December 2008, has been completed without business interruption to
American Express employees and customers.

"Our goal is to drive American Express` growth, innovation and customer service
using secure technology that enables a more productive, efficient and
collaborative workplace," said Matthew Robinson, chief technology officer,
American Express. "Our partnership with EDS will enable us to do this while
continuing to decrease operating costs."

Under the agreement, EDS is managing the American Express end-user desktop
computing environment and its global voice and data networks. In addition, EDS
will provide on-site services for about 60,000 employees in more than 130
countries around the world.

"American Express was looking for a partner to manage and transform its
technology environment for better business outcomes," said Mark DeBenedictus,
vice president of Financial Services at EDS, an HP company. "To do this, we`re
combining EDS` financial services industry knowledge with workplace and network
services expertise."

EDS provides a wide range of consulting, outsourcing and managed services to all
sectors of the financial services industry, including payments and securities
processing,workplace, networking, data center and security services,
applications development and management as well as customer relationship
management.

About EDS

EDS, an HP company, is a leading global technology services provider, delivering
business solutions to its clients. EDS founded the information technology
outsourcing industry nearly 50 years ago. Today, EDS delivers a broad portfolio
of information technology, applications and business process outsourcing
services to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries, and
to governments around the world.

About HP

HP, the world`s largest technology company, simplifies the technology experience
for consumers and businesses with a portfolio that spans printing, personal
computing, software, services and IT infrastructure. More information about HP
is available at http://www.hp.com/.

EDS and the EDS logo are registered trademarks of Hewlett-Packard Development
Company, LP.

This news release contains forward-looking statements that involve risks,
uncertainties and assumptions. If such risks or uncertainties materialize or
such assumptions prove incorrect, the results of HP and its consolidated
subsidiaries could 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 statements of the plans, strategies and
objectives of management for future operations; any statements concerning
expected development, performance or market share relating to products and
services; any statements regarding anticipated operational and financial
results; 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
execution and performance of contracts by HP and its customers, suppliers and
partners; the achievement of expected operational and financial results; and
other risks that are described in HP`s Quarterly Report on Form 10-Q for the
fiscal quarter ended April 30, 2009 and HP`s other filings with the Securities
and Exchange Commission, including but not limited to HP`s Annual Report on Form
10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and
does not intend to update these forward-looking statements.

HP is an equal opportunity employer and values the diversity of its people. ©
2009 Hewlett-Packard Development Company, LP.

EDS, an HP company
Beth Bilal, 707-709-8906
beth.bilal@hp.com

Copyright Business Wire 2009