EXHIBIT 99.2

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions except per share amounts)
	Three months ended
	October 31, 2010			July 31, 2010			October 31, 2009
Net revenue	$	33,278		$	30,729		$	30,777
Costs and expenses(a):
Cost of sales		25,024			23,402			23,475
Research and development		814			742			704
Selling, general and administrative		3,435			3,154			2,966
Amortization of purchased intangible assets		424			383			401
Restructuring charges		235			598			38
Acquisition-related charges		51			127			60
Total costs and expenses		29,983			28,406			27,644
Earnings from operations		3,295			2,323			3,133
Interest and other, net		(81	)		(134	)		(132	)
Earnings before taxes		3,214			2,189			3,001
Provision for taxes(b)		676			416			589
Net earnings	$	2,538		$	1,773		$	2,412
Net earnings per share:
Basic	$	1.13		$	0.76		$	1.02
Diluted	$	1.10		$	0.75		$	0.99
Cash dividends declared per share	$	-		$	0.16		$	-
Weighted-average shares used to compute net earnings per share:
Basic		2,249			2,322			2,366
Diluted		2,297			2,376			2,433
(a)  Stock-based compensation expense was as follows:
Cost of sales	$	31		$	43		$	37
Research and development		14			11			10
Selling, general and administrative		77			111			86
Acquisition-related charges		-			1			1
Total costs and expenses	$	122		$	166		$	134
(b)  Tax benefit from stock-based compensation	$	(39	)	$	(54	)	$	(41	)

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(In millions except per share amounts)
	Twelve months ended
	October 31,
	2010			2009
	(unaudited)
Net revenue	$	126,033		$	114,552
Costs and expenses(a):
Cost of sales		96,089			87,524
Research and development		2,959			2,819
Selling, general and administrative		12,585			11,613
Amortization of purchased intangible assets		1,484			1,578
Restructuring charges		1,144			640
Acquisition-related charges		293			242
Total costs and expenses		114,554			104,416
Earnings from operations		11,479			10,136
Interest and other, net		(505	)		(721	)
Earnings before taxes		10,974			9,415
Provision for taxes(b)		2,213			1,755
Net earnings	$	8,761		$	7,660
Net earnings per share:
Basic	$	3.78		$	3.21
Diluted	$	3.69		$	3.14
Cash dividends declared per share	$	0.32		$	0.32
Weighted-average shares used to compute net earnings per share:
Basic		2,319			2,388
Diluted		2,372			2,437
(a)  Stock-based compensation expense was as follows:
Cost of sales	$	169		$	178
Research and development		55			57
Selling, general and administrative		443			374
Acquisition-related charges		2			26
Total costs and expenses	$	669		$	635
(b)  Tax benefit from stock-based compensation	$	(215	)	$	(199	)

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
	October 31, 2010		October 31, 2009
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	10,929	$	13,279
Short-term investments		5		55
Accounts receivable		18,481		16,537
Financing receivables		2,986		2,675
Inventory		6,466		6,128
Other current assets		15,317		13,865
Total current assets		54,184		52,539
Property, plant and equipment		11,763		11,262
Long-term financing receivables and other assets		12,225		11,289
Goodwill and purchased intangible assets		46,331		39,709
Total assets	$	124,503	$	114,799
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and short-term borrowings	$	7,046	$	1,850
Accounts payable		14,365		14,809
Employee compensation and benefits		4,256		4,071
Taxes on earnings		802		910
Deferred revenue		6,727		6,182
Other accrued liabilities		16,207		15,181
Total current liabilities		49,403		43,003
Long-term debt		15,258		13,980
Other liabilities		19,601		17,052	(a)
Stockholders' equity
HP stockholders' equity		40,449		40,517
Noncontrolling interests		332		247	(a)
Total stockholders' equity		40,781		40,764
Total liabilities and stockholders' equity	$	124,503	$	114,799
(a)  Reflects the adoption of the accounting standard related to the presentation of noncontrolling interests in consolidated financial statements.

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
(In millions)
	Three months ended
	October 31, 2010			July 31, 2010			October 31, 2009
Net revenue:
Services	$	8,963		$	8,609		$	8,926
Enterprise Storage and Servers		5,269			4,449			4,218
HP Software		974			863			967
HP Enterprise Business		15,206			13,921			14,111
Personal Systems Group		10,283			9,918			9,862
Imaging and Printing Group		6,995			6,167			6,454
HP Financial Services		809			764			726
Corporate Investments		705			607			191
Total Segments		33,998			31,377			31,344
Eliminations of intersegment net revenue and other		(720	)		(648	)		(567	)
Total HP Consolidated	$	33,278		$	30,729		$	30,777
Earnings from operations:
Services	$	1,497		$	1,366		$	1,444
Enterprise Storage and Servers		730			549			481
HP Software		247			183			234
HP Enterprise Business		2,474			2,098			2,159
Personal Systems Group		568			469			460
Imaging and Printing Group		1,220			1,040			1,171
HP Financial Services		73			72			66
Corporate Investments		18			83			(8	)
Total Segments		4,353			3,762			3,848
Corporate and unallocated costs and eliminations		(239	)		(175	)		(100	)
Unallocated costs related to stock-based compensation expense		(109	)		(156	)		(116	)
Amortization of purchased intangible assets		(424	)		(383	)		(401	)
Restructuring charges		(235	)		(598	)		(38	)
Acquisition-related charges		(51	)		(127	)		(60	)
Interest and other, net		(81	)		(134	)		(132	)
Total HP Consolidated Earnings Before Taxes
	$	3,214		$	2,189		$	3,001

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
(In millions)
	Twelve months ended
	October 31,
	2010			2009
Net revenue:
Services	$	34,935		$	34,693
Enterprise Storage and Servers		18,651			15,359
HP Software		3,586			3,572
HP Enterprise Business		57,172			53,624
Personal Systems Group		40,741			35,305
Imaging and Printing Group		25,764			24,011
HP Financial Services		3,047			2,673
Corporate Investments		1,863			768
Total Segments		128,587			116,381
Eliminations of intersegment net revenue and other		(2,554	)		(1,829	)
Total HP Consolidated	$	126,033		$	114,552
Earnings from operations:
Services	$	5,609		$	5,044
Enterprise Storage and Servers		2,402			1,518
HP Software		759			684
HP Enterprise Business		8,770			7,246
Personal Systems Group		2,032			1,661
Imaging and Printing Group		4,412			4,310
HP Financial Services		281			206
Corporate Investments		132			(56	)
Total Segments		15,627			13,367
Corporate and unallocated costs and eliminations		(614	)		(219	)
Unallocated costs related to stock-based compensation expense		(613	)		(552	)
Amortization of purchased intangible assets		(1,484	)		(1,578	)
Restructuring charges		(1,144	)		(640	)
Acquisition-related charges		(293	)		(242	)
Interest and other, net		(505	)		(721	)
Total HP Consolidated Earnings Before Taxes	$	10,974		$	9,415

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