hpqste08.exe is a program file which was most likely pre-installed on your computer when you purchased it. The exact disk location is also shown below to verfiy it is not spyware, as many spyware programs use similiar names and just locate them elsewhere on your hard drive. Always check the proper disk location of your programs if you are suspicious. This hpqSTE08.exe software's main purpose is for digital imaging, and it is part of their digital image software package. This will be found on Hewlett Packard computers (HP), and shouldn't be found on Dell, etc. This program is considered safe and is not virus, malware, or spyware related.
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Not a critical component, but see the information above before disabling it. It is highly recommended to Run a Free Performance Scan to automatically optimize memory, CPU and Internet Settings.