HP INVESTOR DEADLINE ALERT

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In HP Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in HP Inc. (“HP” or the “Company”) (NYSE:HPQ) of the April 20, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in HP stock or options between February 23, 2017 and October 3, 2019 and would like to discuss your legal rights, click here: http://www.faruqilaw.com/HPQ. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [e-mail].

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased HP common stock between February 23, 2017 and October 3, 2019 (the “Class Period”). The case, Electrical Workers Pension Fund, Local 103, I.B.E.W. v. HP Inc. et al, No. 20-cv-01260 was filed on February 19, 2020, and has been assigned to Judge Susan Illston.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by falsely emphasizing that its four-box model was an accurate, reliable tool to determine demand and revenue in the Company's Supplies business, and reassuring investors that, based on the four-box model, HP had a "clear line of sight to supply stabilization."

On February 27, 2019, after the close of trading, HP reported that total Supplies revenue was down 3%, with a 9% decline in Europe, the Middle East, and Africa (“EMEA”), for the first quarter of fiscal 2019. On an earnings call held that day, HP management attributed the shortfall to weaker than predicted demand from commercial customers in EMEA driven by an increase in online sales, where HP had a lower market share and faced more competition from cheaper third-party alternatives than in the US. HP admitted to a larger problem with its four-box model: it had been using incorrect Supplies market share assumptions and, contrary to its previous statements, in fact had limited “visibility into the downstream channel ecosystem” and had failed to accurately predict “a decline in share and, to a lesser extent, pricing,” most significantly for Supplies in HP’s commercial channels.