Electronic Data Systems Corporation Schedules Special Meeting of Stockholders

    PLANO, Texas, June 18 /CNW/ -- Electronic Data Systems Corporation (NYSE:  
EDS), today announced that it has called a special meeting of its
stockholders, to be held at 9:30 a.m. Central time on July 31, 2008 at its
principal executive offices located at 5400 Legacy Drive, Plano, Texas 75024.
The purpose of the special meeting is for EDS stockholders to consider and
vote on the proposal to adopt the previously disclosed Agreement and Plan of
Merger, dated as of May 13, 2008, by and among EDS, Hewlett-Packard Company
and Hawk Merger Corporation, under which EDS would be acquired by
Hewlett-Packard Company. Stockholders of record as of the close of business on
Tuesday, June 24, 2008 will be entitled to receive notice of, and to vote at,
the special meeting.

    About EDS

    EDS is a leading global technology services company delivering business
solutions to its clients. EDS founded the information technology outsourcing
industry more than 45 years ago. Today, EDS delivers a broad portfolio of
information technology 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. Learn more at eds.com.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this document, including Electronic Data
Systems Corporation's ("EDS") future expectations, beliefs, goals or
prospects, and any statements that are not statements of historical facts are
forward-looking statements. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those stated in the forward-looking statements. Important factors that
could cause actual results or events to differ materially from those indicated
by such forward-looking statements include: (i) the conditions to the
completion of the proposed merger may not be satisfied, or the regulatory
approvals and clearances required for the proposed merger may not be obtained
on the terms expected or on the anticipated schedule (if at all); (ii) the
parties' ability to meet expectations regarding the timing for completion of
the proposed merger; (iii) the possibility that the parties may be unable to
achieve expected synergies and operating efficiencies within the expected
time-frames or at all; (iv) operating costs, customer loss and business
disruption may be greater than expected following the transaction; (v) the
retention of certain key employees at EDS; and (vi) the outcome of any legal
proceedings that may be instituted against EDS and others following the
announcement of the merger agreement. These factors, and other important
factors that could affect these outcomes are set forth in EDS' most recently
filed Annual Report on Form 10-K and its other filings with the Securities and
Exchange Commission, in each case under the heading "Forward-Looking
Statements" and/or "Risk Factors." Such discussions regarding risk factors and
forward-looking statements are incorporated herein by reference. EDS assumes
no obligation to update or revise any forward-looking statement in this
document, and such forward-looking statements speak only as of the date

    Additional information and where to find it

    EDS has filed with the Securities and Exchange Commission (the "SEC") a
preliminary proxy statement and intends to file a definitive proxy statement
and other relevant materials in connection with its proposed business
combination with Hewlett-Packard Company ("HP"). The definitive proxy
statement will be sent or given to the stockholders of EDS. Before making any
voting or investment decision with respect to the merger, investors and
stockholders of EDS are urged to read the proxy statement and the other
relevant materials when they become available because they will contain
important information about the merger. The proxy statement and other relevant
materials (when they become available), and any other documents filed by EDS
with the SEC, may be obtained free of charge at the SEC's website at
http://www.sec.gov. In addition, investors and stockholders may obtain free
copies of the documents filed with the SEC by going to EDS's Investor
Relations page on its corporate website at www.eds.com or by directing a
request to EDS at 5400 Legacy Drive, Plano, TX 75024 - Attention: Investor
    EDS and HP and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies from EDS stockholders
in connection with the merger. Information about HP's directors and executive
officers is set forth in HP's proxy statement on Schedule 14A filed with the
SEC on January 29, 2008 and HP's Annual Report on Form 10-K filed on December
18, 2007. Information about EDS's directors and executive officers is set
forth in EDS's proxy statement on Schedule 14A filed with the SEC on March 4,
2008 and EDS's Annual Report on Form 10-K filed on February 27, 2008.
Additional information regarding the interests of participants in the
solicitation of proxies in connection with the merger will be included in the
definitive proxy statement that EDS intends to file with the SEC.

     Bob Brand - EDS
     972 605 1290

For further information:

For further information: Bob Brand of EDS, (972) 605-1290,
bob.brand@eds.com, Web Site: http://www.eds.com

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