Business Editors

    STAMFORD, Conn.--(BUSINESS WIRE)--June 24, 1999--Yesterday, June 23, 1999, the United States Court of Appeals for the Federal Circuit ruled in favor of Pitney Bowes Inc. (NYSE:PBI) by reversing a decision by the United States District Court for the District of Connecticut which had dismissed a patent infringement action against Hewlett Packard. The Court returned the case to the District Court for trial.

In this case, Pitney Bowes alleges that Hewlett Packard infringes Pitney Bowes' U.S. Patent No. 4,386,272 by Hewlett Packard's Laser Jet III printers and all subsequent Laser Jet models which incorporate HP's Resolution Enhancement technology (REt). Pitney Bowes is represented in this case by Michael V. Ciresi of the law firm of Robins, Kaplan, Miller & Ciresi. A trial date will now be set by the District Court.

Pitney Bowes is a $4.2 billion global provider of informed mail and messaging management. For more information about the company, visit www.pitneybowes.com.

     --30--rg/ny*

      CONTACT: Media -  Alicia Sherry
               Pitney Bowes Media Relations
               (203) 351-6477

               Financial - Charles F. McBride
               Exec. Director, Investor Relations
               (203) 351-6349

      KEYWORD: CONNECTICUT
      INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED