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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000912057-00-052452.txt : 20001207
<SEC-HEADER>0000912057-00-052452.hdr.sgml : 20001207
ACCESSION NUMBER:		0000912057-00-052452
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20001206
ITEM INFORMATION:		
FILED AS OF DATE:		20001206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HEWLETT PACKARD CO
		CENTRAL INDEX KEY:			0000047217
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER & OFFICE EQUIPMENT [3570]
		IRS NUMBER:				941081436
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-04423
		FILM NUMBER:		784503

	BUSINESS ADDRESS:	
		STREET 1:		3000 HANOVER ST
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
		BUSINESS PHONE:		4158571501

	MAIL ADDRESS:	
		STREET 1:		3000 HANOVER ST
		STREET 2:		MS 20BL
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94304
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2032645z8-k.txt
<DESCRIPTION>8-K
<TEXT>

<PAGE>

===============================================================================

                       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

                                December 6, 2000
                Date of Report (Date of Earliest Event Reported)



                             HEWLETT-PACKARD COMPANY
- -------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)





        DELAWARE                    1-4423                   94-1081436
- -------------------------------------------------------------------------------
(State or other jurisdiction      (Commission             (I.R.S. Employer
      of incorporation)           File Number)           Identification No.)



                    3000 HANOVER STREET, PALO ALTO, CA 94304
              (Address of principal executive offices) (Zip code)


                                 (650) 857-1501
              ----------------------------------------------------
              (Registrant's telephone number, including area code)



===============================================================================

<PAGE>

ITEM 9. REGULATION FD DISCLOSURE.

         On December 6, 2000, as previously announced, Hewlett-Packard
Company ("HP") held a simultaneous analyst presentation and audio webcast to
discuss fiscal year 2000 results and fiscal year 2001 outlook and other
business information. Slides prepared for use by HP executives at this
presentation were posted to HP's website and certain of these slides are also
furnished herewith as Exhibit 99.1 and incorporated by reference in this Item
9. The furnishing of these slides is not intended to constitute a
representation such that furnishing is required by Regulation FD or that the
materials they contain include material investor information that is not
otherwise publicly available. In addition, all of the information in the
presentations is presented as of December 6, 2000, and HP does not assume any
obligation to update such information in the future.

<PAGE>

                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                      HEWLETT-PACKARD COMPANY


Date: December 6, 2000                By:   /s/ Ann O. Baskins
                                           -----------------------------------
                                      Name:  Ann O. Baskins
                                      Title: Vice President, General Counsel
                                             and Secretary


<PAGE>

                          INDEX TO EXHIBITS FILED WITH
             THE CURRENT REPORT ON FORM 8-K DATED DECEMBER 6, 2000


<TABLE>
<CAPTION>
  Exhibit                              Description
- -----------   ----------------------------------------------------------------
<S>           <C>
   99.1       Slides prepared for use by HP executives for securities
              analysts meeting held on December 6, 2000, discussing fiscal
              year 2000 results and fiscal year 2001 outlook and other
              business information.
</TABLE>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2032645zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>

                                 REVENUE GROWTH BY PRODUCT CATEGORIES

<TABLE>
<CAPTION>

- -----------------------------------------------------------------------------------------------
key product categories                    hp fy00             2001 projected       hp fy01
                                          growth              market growth        growth
                                          (yoy)                                   components
                                                                                    (yoy)
- -----------------------------------------------------------------------------------------------
<S>                                       <C>                 <C>                 <C>
always-on internet infrastructure:

- - servers - unix                             16%                 10%(1)              20%

- - servers - nt                               10%                 13%(2)              16%

- - storage                                    -7%                 19%(1)              20%

- - software (excluding verifone)              29%                 15%(1)              38%
- -----------------------------------------------------------------------------------------------
- - services                                   14%                 14%(1)              14%
- -----------------------------------------------------------------------------------------------
notebooks:                                  142%                  8%(2)              42%
- -----------------------------------------------------------------------------------------------
PCs:

- - business                                   -2%                  3%(2)               5%

- - home                                       75%                  6%(3)              18%
- -----------------------------------------------------------------------------------------------
information appliances:                      81%                 17%(3)              26%
- -----------------------------------------------------------------------------------------------
imaging and printing:                        10%                 12%(3)              12%
- -----------------------------------------------------------------------------------------------
</TABLE>

                           Souces: 1 - IDC; 2 - IPR; 3 - HP


<PAGE>


A slide labeled "F.Y. '01 Year over Year Revenue Growth by Geography
($u.s.)." The chart depicts a pie chart divided into four sections:

14% in North America;
12% in Europe;
23% in Asia Pacific;
and 19% in Latin America.

A notation below the chart indicates that total projected revenue for fiscal
2001 is $57 billion. A table next to the chart indicates that the projected
contribution to total revenue for each region is 46% for North America; 34%
for Europe; 15% for Asia Pacific; and 5% for Latin America.

<PAGE>

                                    FY01 GUIDANCE

- - revenues: + 15-17%

- - gross margin: 27.5-28.5%

- - operating expenses: + 10-12%

- - tax rate: 23%

- - comfortable with q1 and fy01 consensus

<PAGE>

hp security analysts meeting                                         bob wayman

                                     RECURRING REVENUE

<TABLE>
<CAPTION>
                             2nd half                        2nd half
                               FY 00                           FY 99
                         b$         % of revenue         b$         % of revenue        %-change-
                         -------------------------------------------------------------------------
<S>                      <C>        <C>                  <C>        <C>                <C>
consumables              4.4             18              3.6             17                 22

financing                1.0              4              0.9              4                 19

customer service         2.7             11              2.4             11                 13
                         =========================================================================
                         8.1             33              6.9             32                 18
</TABLE>


<PAGE>

A slide labeled "bco highlights." The slide depicts a pie chart divided into
four sections with the labels:

na (North America) 3.68;
eur (Europe) 3.30;
ap (Asia & Pacific) 1.54;
and la (Latin America) .39.

The sections are weighted by the amount indicated on the label. Underneath
the pie chart are two captions: "q4 $8.9b" and "fy00 $32.8b"

<PAGE>


A slide labeled "performance: consumer shipments." The slide depicts a bar
chart with four bars arranged chronologically:

fy97  $8.6b;
fy98  $10.0b;
fy99 $12.2b;
fy00 $15.9b.

To the side of the chart are two bullet points: "fy00 shipment growth 30%"
and "fy00 net profit growth 43%."

<PAGE>

A slide labeled "performance: fy00 regional growth." The slide depicts a pie
chart divided into four sections with the labels:

na (North America) 31%;
eur (Europe) 24%;
ap (Asia & Pacific) 53%;
and la (Latin America) 26%.

Next to the pie chart is a caption: "(shipments dollar value)" indicating
that the sections are weighted by that criteria.

To the side of the chart are three bullet points: "balanced regional growth,"
"acceleration globally - continues in q4" and "new categories entered in new
markets."

<PAGE>


A slide labeled "performance: fy00 category growth." The slide depicts a pie
chart divided into four sections with the labels:

PCs 75%;
Appliances 53%;
Supplies 23%;
and Printers/Imaging 10%.

Next to the pie chart is a caption: "(shipments dollar value)" indicating
that the sections are weighted by that criteria.

To the side of the chart is a bullet point: "balanced category growth."

<PAGE>

FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that involve risks and
uncertainties, as well as assumptions that, if they never materialize or
prove incorrect, could cause the results of HP and its consolidated
subsidiaries to differ materially from those expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including any projections of
earnings, revenues, or other financial items; any statements of the plans,
strategies, and objectives of management for future operations; any
statements concerning proposed products, services, or developments; any
statements regarding future economic conditions or performance; statements of
belief and any statement of assumptions underlying any of the foregoing. The
risks, uncertainties and assumptions referred to above include the ability of
HP to retain and motivate key employees; the timely development, production
and acceptance of products and services and their feature sets; the challenge
of managing asset levels, including inventory; the flow of products into
third-party distribution channels; the difficulty of keeping expense growth
at modest levels while increasing revenues; and other risks that are
described from time to time in HP's Securities and Exchange Commission
reports, including but not limited to the annual report on Form 10-K for the
year ended Oct. 31, 1999, and subsequently filed reports. HP does not intend
to update these forward-looking statements.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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