Update on previously announced settlement with U.S. Dept. of Justice

Ethan_Bauley — Mon, 30 Aug 2010 22:49:35 GMT

This afternoon, we've seen stories in the news reporting that HP is paying the Department of Justice $55 million as part of a settlement agreement.

We thought we would clarify what this is. In fact, this is the finalization of a settlement in principle that was previously announced by HP on August 2, 2010.

At that time, HP also reported that it expected a negative impact of approximately 2 cents on third quarter fiscal year 2010 earnings per share. This was again reported in the company’s earnings announcement on August 19, 2010.

As we stated during the original announcement, HP denies engaging in any illegal conduct in connection with these matters. We believe it’s in the best interest of our stakeholders to resolve the matter and move beyond this issue.

article Update on previously announced settlement with U.S. Dept. of Justice in Data Central

Update on previously announced settlement with U.S. Dept. of Justice