PALO ALTO, Calif. & SANTA CLARA, Calif. & SUNNYVALE, Calif. (EMWNews) July 29, 2008 —

HP (NYSE:HPQ), Intel Corporation and Yahoo! Inc. (Nasdaq:YHOO) today

announced the creation of a global, multi-data center, open source test

bed for the advancement of cloud computing research and education. The

goal of the initiative is to promote open collaboration among industry,

academia and governments by removing the financial and logistical

barriers to research in data-intensive, Internet-scale computing.

” With the ready and available Internet-scale resources in Singapore to support cloud computer research and development work, we can collaborate with like-minded partners to advance the field ”

The HP, Intel and Yahoo! Cloud Computing Test Bed will provide a

globally distributed, Internet-scale testing environment designed to

encourage research on the software, data center management and hardware

issues associated with cloud computing at a larger scale than ever

before. The initiative will also support research of cloud applications

and services.

HP, Intel and Yahoo! have partnered with the Infocomm Development

Authority of Singapore (IDA), the University of Illinois at

Urbana-Champaign, and the Karlsruhe Institute of Technology (KIT) in

Germany to form the research initiative. The partnership with Illinois

also includes the National Science Foundation.

The test bed will initially consist of six “centers

of excellence” at IDA facilities, the

University of Illinois at Urbana-Champaign, the Steinbuch Centre for

Computing of the Karlsruhe Institute of Technology, HP Labs, Intel

Research and Yahoo!. Each location will host a cloud computing

infrastructure, largely based on HP hardware and Intel processors, and

will have 1,000 to 4,000 processor cores capable of supporting the

data-intensive research associated with cloud computing. The test bed

locations are expected to be fully operational and made accessible to

researchers worldwide through a selection process later this year.

The test bed will leverage Yahoo!’s technical

leadership in open source projects by running Apache Hadoop — an open

source, distributed computing project of the Apache Software Foundation

— and other open source, distributed computing software such as Pig,

the parallel programming language developed by Yahoo! Research.

“The HP, Intel and Yahoo! Cloud Computing Test

Bed furthers our commitment to the global, collaborative research

community that is advancing the new sciences of the Internet,”

said Prabhakar Raghavan, head of Yahoo! Research. “With

this test bed, not only can researchers test applications at Internet

scale, they will also have access to the underlying computing systems to

advance understanding of how systems software and hardware function in a

cloud environment.”

Researchers at HP Labs, the central research arm of HP, will use the

test bed to conduct advanced research in the areas of intelligent

infrastructure and dynamic cloud services. HP Labs recently sharpened

its focus to help HP and its customers capitalize on the industry’s

shift toward cloud computing, a driving force behind HP’s

vision of Everything

as a Service. With Everything as a Service, devices and services

will interact seamlessly through the cloud, and businesses and

individuals will use services that anticipate their needs based on

location, preferences, calendar and communities.

“To realize the full potential of cloud

computing, the technology industry must think about the cloud as a

platform for creating new services and experiences. This requires an

entirely new approach to the way we design, deploy and manage cloud

infrastructure and services,” said Prith

Banerjee, senior vice president of Research at HP and director of HP

Labs. “The HP, Intel and Yahoo! Cloud

Computing Test Bed lets us tap the brightest minds in the industry,

academia and government to drive innovation in this area.”

Intel is a leading provider of platform technologies, including

processors, chipsets, networking and SSD (solid state drives), for cloud

computing data centers. Current platform features such as Data Center

Management Interface (DCMI), Node Manager (NM) and virtualization have

been designed to improve the manageability and energy efficiency of data

centers. This open, collaborative research effort will give researchers

full access to the system’s hardware for

further innovation of existing and future platform features.

“We are pleased to engage with the academic

research community — open collaboration with the academia is in our DNA

at Intel Research,” said Andrew A. Chien,

vice president and director of Intel Research. “Creating

large-scale test beds is important because they lower barriers to

innovation and provide the opportunity to experiment and learn at scale.

Intel’s support of Tashi, an open source

cluster management system for cloud computing, and this HP, Intel,

Yahoo! Cloud Computing Test Bed are a natural extension of our ongoing,

mutually beneficial partnerships with the research community, such as

the Universal Parallel Computing Research Centers.”

IDA will facilitate research in the test bed by providing its users with

the computing resources required to develop cloud computing software and

applications. IDA will also leverage the test bed and its industry

partnerships to train local students and professionals on the

technologies and programs associated with cloud computing.

“With the ready and available Internet-scale

resources in Singapore to support cloud computer research and

development work, we can collaborate with like-minded partners to

advance the field,” said Khoong Hock Yun,

assistant chief executive of the Infrastructure Development Group at the

Infocomm Development Authority of Singapore. “Cloud

computing is considered by many to be the next paradigm shift in

computer technology, and this may be the next ‘platform’

for innovative ecosystems. Partnerships like this will allow Singapore

to leverage this new paradigm for greater economic and social growth.”

Partnership builds on initiatives in cloud computing

The Cloud Computing Test Bed is the next step in expanding each company’s

ongoing initiatives in cloud computing. In November 2007, Yahoo!

announced the deployment of a supercomputing-class data center, called

M45, for cloud computing research; Carnegie Mellon University was the

first institution to take advantage of this supercomputer. Yahoo! also

announced this year an agreement with Computational Research

Laboratories (CRL) to jointly support cloud computing research and make

one of the 10 fastest supercomputers in the world available to academic

institutions in India. Earlier this year, Yahoo! hosted the first-ever

Hadoop Summit and Data-Intensive Computing Symposium. Co-sponsored with

the Computing Community Consortium (CCC), these meetings brought

together leading experts from industry, academia and government to

discuss the future directions of Hadoop and data-intensive computing.

In 2008, HP announced the formation of its Scalable

Computing & Infrastructure Organization (SCI), which includes a

dedicated set of resources that provide expertise and spearhead

development efforts to build scalable solutions designed for

high-performance and cloud computing customers. The company introduced

scalable computing offerings including the Intel Xeon-based HP

ProLiant BL2x220c G5, the world’s first

server blade to combine two independent servers in a single blade, and

the HP StorageWorks

9100 Extreme Data Storage System (ExDS9100), a highly scalable

storage system designed to simplify the management of multiple petabytes.⁽¹⁾

HP also introduced the HP POD

(Performance-Optimized Datacenter) (http://www.hp.com/products/pod),

an open architecture, compact, shipped-to-order alternative for

deploying IT resources.

Organizations interested in learning more about research in cloud

computing and other key industry issues are invited to contact HP, Intel

or Yahoo! at http://www.hpl.hp.com/,

www.intel.com/research and http://research.yahoo.com/cloud.

About Intel

Intel (NASDAQ:INTC), the world leader in silicon innovation, develops

technologies, products and initiatives to continually advance how people

work and live. Additional information about Intel is available at www.intel.com/pressroom

and blogs.intel.com.

About Yahoo!

Yahoo! Inc. is a leading global Internet brand and one of the most

trafficked Internet destinations worldwide. Yahoo! is focused on

powering its communities of users, advertisers, publishers, and

developers by creating indispensable experiences built on trust. Yahoo!

is headquartered in Sunnyvale, California. For more information, visit

pressroom.yahoo.com or the company’s blog,

Yodel Anecdotal.

About HP

HP focuses on simplifying technology experiences for all of its

customers — from individual consumers to the largest businesses. With a

portfolio that spans printing, personal computing, software, services

and IT infrastructure, HP is among the world’s

largest IT companies, with revenue totaling $110.4 billion for the four

fiscal quarters ended April 30, 2008. More information about HP is

available at http://www.hp.com/.

⁽¹⁾ 1 petabyte equals 1,000 terabytes or 1,000⁵

bytes.

Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks

of Yahoo! Inc.

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; 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 the

execution and performance of contracts by HP and its customers,

suppliers and partners; the achievement of expected results; and other

risks that are described in HP’s Quarterly

Report on Form 10-Q for the fiscal quarter ended April 30, 2008 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, 2007. HP assumes no obligation and

does not intend to update these forward-looking statements.

This news release also contains forward-looking statements that involve

risks, uncertainties and assumptions concerning Yahoo!’s

expected performance (including without limitation the plans for the

Global Cloud Computing Research Test Bed and the statements from

management in this news release), as well as Yahoo!’s

strategic and operational plans. Actual results may differ materially

from the results predicted. The potential risks and uncertainties

include, among others, the possibility that the expected or planned

activities of the collaboration described might be delayed, might not

ultimately be implemented, or if implemented might not be successful;

and that the anticipated benefits to Yahoo!, Infocomm Development

Authority of Singapore (IDA), the University of Illinois at

Urbana-Champaign, the National Science Foundation (NSF), the Karlsruhe

Institute of Technology (KIT) and the collaboration’s

other members might not be realized; the potential for litigation costs

and adverse results in litigation, including intellectual property

infringement claims; the collaboration might fail to protect its

intellectual property and the value of its brands diligently; Yahoo!

depends and the collaboration might depend on key personnel; the

collaboration might depend on third parties for technology and funding;

general adverse economic conditions and changes in economic conditions

might impede the collaboration’s efforts;

potential continuing uncertainty arising in connection with Microsoft’s

various proposals to acquire all or a part of Yahoo!; the possibility

that Microsoft or another person may in the future make other proposals,

or take other actions which may create uncertainty for Yahoo’s

employees, publishers, advertisers, and other business partners, which

might affect the collaboration; and the possibility of significant costs

of defense, indemnification, and liability resulting from stockholder

litigation against Yahoo and its directors and officers relating to such

proposals might affect Yahoo’s funding of the

collaboration. Yahoo! does not intend, and undertakes no duty, to update

this information to reflect future events or circumstances. More

information about potential factors that could affect Yahoo!’s

business and financial results is included under the captions “Risk

Factors” and “Management’s

Discussion and Analysis of Financial Condition and Results of Operations”

in Yahoo!’s Annual Report on Form 10-K for

the year ended December 31, 2007, as amended, and the Quarterly Report

on Form 10-Q for the quarter ended March 31, 2008, which are on file

with the SEC and available at the SEC’s

website at www.sec.gov. Additional

information will also be set forth in those sections in Yahoo!’s

Quarterly Report on Form 10-Q for the quarter ended June 30, 2008, which

will be filed with the SEC in the third quarter of 2008.

© 2008 Hewlett-Packard Development Company,

L.P. The information contained herein is subject to change without

notice. The only warranties for HP products and services are set forth

in the express warranty statements accompanying such products and

services. Nothing herein should be construed as constituting an

additional warranty. HP shall not be liable for technical or editorial

errors or omissions contained herein.