What is it?
HPPrint.exe is an application used commonly by the HP brand printer software

Virus risk?
Unfortunately this file is associated with the W32.Spybot.DNB worm

What does it do?
W32.Spybot.DNB is a worm that may be remotely controlled via IRC channels. The worm has the ability to perform distributed denial of service (DDoS) attacks and open a backdoor on the infected computers. It also attempts to steal CD keys from some computer games.

More info and removal instructions
@symantec