EXHIBIT 99.2
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(Unaudited)
(In millions except per share amounts)
	Three months ended
	January 31, 2010			October 31, 2009			January 31, 2009
Net revenue	$	31,177		$	30,777		$	28,807
Costs and expenses(a):
Cost of sales		24,062			23,475			22,073
Research and development		681			704			732
Selling, general and administrative		2,932			2,966			2,893
Amortization of purchased intangible assets		330			400			412
In-process research and development charges		-			1			6
Restructuring charges		131			38			146
Acquisition-related charges		38			60			48
Total costs and expenses		28,174			27,644			26,310
Earnings from operations		3,003			3,133			2,497
Interest and other, net		(199	)		(132	)		(232	)
Earnings before taxes		2,804			3,001			2,265
Provision for taxes(b)		554			589			409
Net earnings	$	2,250		$	2,412		$	1,856
Net earnings per share:
Basic	$	0.95		$	1.02		$	0.77
Diluted	$	0.93		$	0.99		$	0.75
Cash dividends declared per share	$	0.16		$	-		$	0.16
Weighted-average shares used to compute net earnings per share:
Basic		2,358			2,366			2,410
Diluted		2,427			2,433			2,464
(a)  Stock-based compensation expense was as follows:
Cost of sales	$	47		$	37		$	52
Research and development		14			10			17
Selling, general and administrative		119			86			85
Acquisition-related charges		1			1			6
Total costs and expenses	$	181		$	134		$	160
(b)  Tax benefit from stock-based compensation	$	(58	)	$	(41	)	$	(48	)

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
	January 31, 2010		October 31, 2009
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	13,547	$	13,279
Short-term investments		60		55
Accounts receivable		14,503		16,537
Financing receivables		2,765		2,675
Inventory		6,630		6,128
Other current assets		14,192		13,865
Total current assets		51,697		52,539
Property, plant and equipment		11,164		11,262
Long-term financing receivables and other assets		11,423		11,289
Goodwill and purchased intangible assets		39,334		39,709
Total assets	$	113,618	$	114,799
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and short-term borrowings	$	1,862	$	1,850
Accounts payable		13,557		14,809
Employee compensation and benefits		3,038		4,071
Taxes on earnings		983		910
Deferred revenue		6,412		6,182
Other accrued liabilities		15,021		15,181
Total current liabilities		40,873		43,003
Long-term debt		14,009		13,980
Other liabilities		16,845		17,052	(a)
Stockholders' equity
HP stockholders' equity		41,628		40,517
Noncontrolling interests		263		247	(a)
Total stockholders' equity		41,891		40,764
Total liabilities and stockholders' equity	$	113,618	$	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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