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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (Date of earliest event reported): June 2, 2000
HEWLETT-PACKARD COMPANY
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 1-4423 94-1081436
(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation or Organization) Number) Identification Number)
3000 HANOVER STREET, PALO ALTO, CA 94304
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (650) 857-1501
N/A
(Former Name or Former Address if Changed Since Last Report)
Item 2. Acquisition or Disposition of Assets.
On April 7, 2000, Hewlett-Packard Company ("HP") announced that the HP
Board of Directors (the "Board") approved the spin-off of Agilent Technologies,
Inc. ("Agilent Technologies") and declared a stock dividend of all of HP's
shares in Agilent Technologies. The dividend has been distributed on June 2,
2000 to HP shareowners of record as of 5:00 PM Eastern Daylight Time on May 2,
2000. HP received no consideration in connection with the distribution. At the
time the dividend was declared, HP held 380 million shares, or approximately
84.1 percent, of the outstanding common stock in Agilent Technologies.
Effective July 31, 1999, HP's management and Board completed the plan of
disposition for Agilent Technologies. In accordance with Accounting Principles
Board Opinion No. 30, Agilent Technologies has been segregated as a discontinued
operation in HP's consolidated financial statements for all periods presented in
HP's Securities and Exchange Commission filings since July 31, 1999, including
but not limited to the Annual Report on Form 10-K for the year ended October 31,
1999 and the Quarterly Reports on Form 10-Q for the quarters ended July 31, 1999
and January 31, 2000.
Item 5. Other Events
On June 2, 2000, HP issued a press release announcing that, after the close
of the market on this date, it distributed 0.3814 of a share of Agilent
Technologies common stock as a dividend on each share of HP common stock
outstanding at 5:00 PM Eastern Daylight Time on May 2, 2000, the record date for
the distribution. The press release is attached as Exhibit 99 to this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 Press Release dated June 2, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HEWLETT-PACKARD COMPANY
Date: June 2, 2000
By: /s/ ROBERT P. WAYMAN
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Robert P. Wayman
Executive Vice President,
Finance and Administration
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit 99 Press Release dated June 2, 2000.