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HP plans electronic whiteboarding tool

The PC-to-PC conferencing solution will allow people to video conference and write on their screens, CEO Mark Hurd said at the Brainstorm: Tech conference on Friday.

PASADENA, Calif.--Hewlett-Packard plans in coming months to introduce an electronic collaboration tool that combines video conferencing with electronic whiteboarding, CEO Mark Hurd said Friday.

Speaking at Fortune's Brainstorm: Tech conference here, Hurd said the tool goes beyond anything Microsoft has developed.

HP CEO Mark Hurd and Dreamworks Animation CEO Jeffrey Katzenberg speak at Fortune's Brainstorm: Tech conference here. Ina Fried/CNET

"This is a great capability," he said. "This will not just (have the) ability for you and I to see each other. I can actually write on the screen. You will see it the way I wrote it."

He said the product would be "very, very competitively priced," but didn't give pricing or further details.

Hurd was asked about the economy, but said there wasn't much he can say given that HP's quarter is just about to end.

"Everything we see says '10, being 2010, we expect to be a better year than 2009," Hurd said. "There's no question that people have put off purchases. That ages the infrastructure, which at some point creates a replacement cycle. Sooner or later, things will rebound."