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transform markets, even industries. Central to our aspirations is a vision of computing developed more than a decade ago in hp Labs. At that time, a team of researchers began envisioning an interconnected world. It was a world where computing was not limited by proprietary technology, closed computing architectures or even the need for electrical power. Our researchers envisioned a world based on open standards, a world in which virtu- ally every person, place and thing on the planet could be connected. 

This vision has become our company’s shared vision, a vision in which e-services of all types are made available on personal, friendly information appliances that are powered by an always-on Internet infrastructure. 

It’s at the intersection of these three major forces of technology—information appliances, useful e-services and an always-on Internet infrastructure—that the most inventive solutions will be created: vehicles that serve as platforms for myriad e-services, connected to the Net via wireless networks. Mobile phones that offer an array of nimble e-services that will become essential for people on the go. Entire buildings—and virtually every entity in them— acting as platforms for e-services that serve tomorrow’s workforce. This is a wholly different view of how the Net works—it’s a world where the Web works for you, rather than the other way around. 

All the hard work we are currently investing in the reinvention of hp will put us in position to deliver the benefits of this vision—a Net that serves everyone. It will allow us to extend the power of technology far beyond the halls of business and deep into society, including the four billion people in the developing world who currently don’t have access to technology and the benefits it provides. 

## The journey 

We have made solid progress over the past year and a half. And we know we have more work to do in FY01 to meet our commitments to shareowners. The 89,000 people of hp are reenergized and working with a common sense of purpose. We have a new bounce in our step because we realize as a team that we are on the verge of living up to our promise—to our customers, our shareowners and ourselves. 

We have reinvented and revitalized ourselves before in our 61 years of superior business performance. This time, our renewal will place us at the forefront of the Internet Age, where we will use our unique inventive capability to fundamentally transform how people live, learn, work and play. 

This is something worth doing—something that is worthy of Hewlett-Packard. 

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