Increased Demand for CD-RW Drives
and Lower Manufacturing Prices Enable HP to Pass Savings on to
PALO ALTO, Calif.--(BUSINESS
WIRE)--Aug. 23, 1999-- Hewlett-Packard Company, the worldwide
market leader in CD-ReWritable (CD-RW) drives, today announced
price cuts of more than 30 percent on the HP CD-Writer Plus 8200i.
In an effort to make CD-RW drives more affordable for a larger
number of users, the estimated street price of the HP CD-Writer
Plus 8200i will drop from $349 (U.S.) to $229, effective Sept. 1.
In addition, the HP CD-Writer Plus
8250i will be added to the portfolio at $199 (available only in
the United States). The HP CD-Writer Plus 8200i and 8250i are
internal rewritable IDE drives that read data at up to 24X
transfer speed and write and rewrite at up to 4X transfer speed.
The price cut and addition of the
entry-level 8250i drive reflect HP' s proactive strategy to offer
home and business users a broad range of CD-RW products with a
variety of performance levels, connection options and affordable
price points. In addition, increased demand for CD-RW drives and
lower manufacturing prices have enabled HP to pass savings on to
its customers. HP's CD-Writer Plus 8200i and 8250i drives are
targeted for consumers who want an entry-level CD-RW drive with
good performance at a very affordable price.
"By increasing the number of
entry-level drives at lower price points, HP is demonstrating its
leadership in the CD-RW market and offering superior optical
storage solutions for the desktop at competitive prices," said
Perry Ralph, product-marketing manager for HP's CD-RW products. "As
the worldwide market leader in CD-RW drives, HP continues to
provide the industry's best combination of cutting-edge
technology, compatibility, flexibility and storage capacity."
CD-RW drives allow users to
create, write, rewrite, store, manage and share data, music,
photos on a CD just as they would save information to a floppy.
CDs can store up to 650MB of data -- the equivalent of more than
400 standard high-density floppy disks, or 20,000 scanned pages of
text. The speed of CD-RW drives is equal to that of a CD-ROM
drive, allowing users to migrate to CD-RW drives without
More information is available at www.hp.com/go/cdr.
Hewlett-Packard Company -- a
leading global provider of computing and imaging solutions and
services for business and home -- is focused on capitalizing on
the opportunities of the Internet and the proliferation of
HP had computer-related revenue of
$39.5 billion in its 1998 fiscal year.
HP plans to launch a new company
consisting of its industry-leading test-and-measurement,
semiconductor products, chemical-analysis and medical businesses.
These businesses represented $7.6 billion of HP's total revenue in
fiscal 1998. With leading positions in multiple market segments,
this technology-based company will focus on opportunities such as
communications and life sciences.
HP has 123,000 employees worldwide
and had total revenue of $47.1 billion in its 1998 fiscal year.
Information about HP, its products and the company's Year 2000
program can be found on the World Wide Web at http://www.hp.com.
Katie Coulter, 970/635-6922
Eastwick Communications for HP
Alicia Swanson, 408/264-3690