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Table 6			HP Financing & Investments							Nov-05
				(Fiscal year end: Oct 31)
			2005	% of	Change	2004	% of	Change	2003	% of
			($ Mill)	Rev	05/04	($ Mill)	Rev	04/03	($ Mill)	Rev
_	_	_	_	_	_	_	_	_	_	_
Revenue			3%			3%			3%
Business Segments (est)
	Americas		$930	44.0%	12.0%	$830	44.0%	-2.4%	$850	44.0%
	EMEA		$840	40.0%	10.5%	$760	40.0%	-1.3%	$770	40.0%
	Asia/Pacific		$333	15.9%	9.3%	$305	16.1%	1.3%	$301	15.7%
			$2,103			$1,895			$1,921
Total Revenue			$2,626	99.9%	12.0%	$2,344	100.1%	3.5%	$2,265	99.7%
Corp Investments (incl. above)			$523			$449			$344
	4Q05 Actual		$514		3.4%	$497
Costs
Cost of Revenue			$1,810	69.0%	5.2%	$1,720	73.5%	-2.8%	$1,770	78.0%
Cost of Corp Investments			$697			$628			$505
Total Costs			$2,507	95.5%	6.8%	$2,348	100.2%	3.2%	$2,275	100.4%
Gross Profit/Margin			$119	4.5%	-3086.3%	($4)	-0.2%	-60.0%	($10)	-0.4%
Expenses
Sales, General & Marketing			$30	1.0%	-40.0%	$50	2.0%	0.0%	$50	2.0%
Restr. Charges (apportioned)			$51						$25
Research & Development
Total Expenses			$81	0.0%	62.0%	$50	0.0%	-33.2%	$75	0.0%
Operating Profit (Loss)			$38	1.5%	-171.2%	($54)	-2.3%	-36.3%	($85)	-3.7%
as reported (incl. corp invest)						($54)	-2.3%	-34.1%	($82)	-3.6%
	4Q05 Actual		$52	10.1%	173.7%	$19	3.8%
Other Income (Loss)			($5)	-0.2%	449.8%	($1)	-0.0%	266.7%	($0)	-0.0%
Income (Loss) Before Tax			$33	1.3%	-160.9%	($55)	-2.3%	-35.4%	($85)	-3.8%
Income Tax (Benefit)				20.3%			16.7%			12.1%
Net Income (Loss)			$33	1.3%	-160.9%	($55)	-2.3%	-35.4%	($85)	-3.8%
Earnings per share (basic)		2.88	0.01			(0.02)			(0.03)
				Pro Forma Valuation
		P/E Ratio	Rev Ratio	Market Cap (est.)			Spin-off	Actual
				P/E	Rev	Combined	Benefit	(11/17/05)
Industry Segment Avg		14.50	2.20	$0.48	$5.78	$3.13
HP Corp Act Prorated		27.72	0.95	$0.93	$2.50	$2.52		$83.08
HP Fin & Inv			1.00		$2.63	$2.63	$0.11
	Source: Annex Research
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