<SUBMISSION>
<ACCESSION-NUMBER>0001047469-06-014179
<TYPE>SC TO-C
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20061114
<DATE-OF-FILING-DATE-CHANGE>20061114
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>HEWLETT PACKARD CO
<CIK>0000047217
<ASSIGNED-SIC>3570
<IRS-NUMBER>941081436
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1031
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC TO-C
<ACT>34
<FILE-NUMBER>005-12061
<FILM-NUMBER>061216681
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3000 HANOVER ST
<STREET2>MS 1050
<CITY>PALO ALTO
<STATE>CA
<ZIP>94304
<PHONE>6508571501
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3000 HANOVER ST
<STREET2>MS 1050
<CITY>PALO ALTO
<STATE>CA
<ZIP>94304
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>HEWLETT PACKARD CO
<CIK>0000047217
<ASSIGNED-SIC>3570
<IRS-NUMBER>941081436
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1031
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC TO-C
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3000 HANOVER ST
<STREET2>MS 1050
<CITY>PALO ALTO
<STATE>CA
<ZIP>94304
<PHONE>6508571501
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3000 HANOVER ST
<STREET2>MS 1050
<CITY>PALO ALTO
<STATE>CA
<ZIP>94304
</MAIL-ADDRESS>
</FILED-BY>
<DOCUMENT>
<TYPE>SC TO-C
<SEQUENCE>1
<FILENAME>a2174635zscto-c.htm
<DESCRIPTION>SC TO-C
<TEXT>
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<P><FONT SIZE=2>
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<hr noshade width=100% align=left size=1> </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=5><B>SCHEDULE TO<BR>  </B></FONT><FONT SIZE=3><B>(Rule&nbsp;13e-4)<BR>  </B></FONT><FONT SIZE=3><B><I>Tender Offer Statement Under Section&nbsp;14(d)(1) or 13(e)(1)<BR>
of the Securities Exchange Act of 1934  </I></B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=5><B>Hewlett-Packard Company<BR>  </B></FONT><FONT SIZE=2>(Name of Subject Company (Issuer) and Filing Person (Offeror)) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Options to Purchase Common Stock, $0.01 par value<BR>  </B></FONT><FONT SIZE=2>(Title of Class of Securities) </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2><B>428236103<BR>  </B></FONT><FONT SIZE=2>(CUSIP Number of Class of Securities Underlying Options to Purchase Common Stock) </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2><B>Charles N. Charnas, Esq.<BR>
Acting General Counsel, Vice President and Assistant Secretary<BR>
Hewlett-Packard Company<BR>
3000 Hanover Street<BR>
Palo Alto, CA 94304<BR>
(650)&nbsp;857-1501<BR>  </B></FONT><FONT SIZE=2>(Name, address and telephone number of person authorized to receive notices and<BR>
communications on behalf of filing person) </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2><I>Copies to:  </I></FONT></P>

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<TD WIDTH="50%" ALIGN="CENTER"><FONT SIZE=2><B>Paul T. Porrini, Esq.<BR>
David K. Ritenour, Esq.<BR>
Hewlett-Packard Company<BR>
3000 Hanover Street<BR>
Palo Alto, California 94304<BR>
(650) 857-1501</B></FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT SIZE=2><B>Katharine A. Martin, Esq.<BR>
David S. Thomas, Esq.<BR>
Wilson Sonsini Goodrich &amp; Rosati,<BR>
Professional Corporation<BR>
650 Page Mill Road<BR>
Palo Alto, California 94304-1050<BR>
(650) 493-9300</B></FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2><B>CALCULATION OF FILING FEE  </B></FONT></P>

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<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Transaction Valuation*</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Amount of Filing Fee*</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable*</FONT></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>A
filing fee is not required in connection with this filing as it relates solely to preliminary communications made before the commencement of a tender offer.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></DT><DD><FONT SIZE=2>Check
the box if any part of the fee is offset as provided by Rule&nbsp;0-11(a)(2) and identify the filing with which the
offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. </FONT></DD></DL>

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<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>Amount Previously Paid:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2>Not applicable.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>Form or Registration No.:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2>Not applicable.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>Filing party:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2>Not applicable.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%"><FONT SIZE=2>Date filed:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="70%"><FONT SIZE=2>Not applicable.</FONT></TD>
</TR>
</TABLE>
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<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></DT><DD><FONT SIZE=2>Check
the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. </FONT></DD></DL>

<P><FONT SIZE=2>Check the appropriate boxes below to designate any transactions to which the statement relates: </FONT></P>

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<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>third party tender offer subject to Rule&nbsp;14d-1.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>issuer tender offer subject to Rule&nbsp;13e-4.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>going-private transaction subject to Rule&nbsp;13e-3.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>amendment to Schedule&nbsp;13D under Rule&nbsp;13d-2.</FONT></TD>
</TR>
</TABLE>
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<P><FONT SIZE=2>Check
the following box if the filing is a final amendment reporting the results of the tender offer:&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=2><hr
noshade width=100% align=left size=1>
<hr noshade width=100% align=left size=4> </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
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<P ALIGN="CENTER"><FONT SIZE=2><B>FORM OF E-MAIL TO EMPLOYEES HOLDING DISCOUNTED STOCK OPTIONS<BR>
ISSUED BY MERCURY INTERACTIVE CORPORATION  </B></FONT></P>

<P><FONT SIZE=2>TO:
Name of Discounted Option Holder<BR>
SUBJECT: Save the date: Section&nbsp;409A discounted stock option briefings<BR>
FROM: [RETURN E-MAIL ADDRESS] </FONT></P>

<P><FONT SIZE=2>You
are receiving this e-mail because HP has determined that certain of your stock options were or may have been granted to you by Mercury at exercise prices less than fair market value on
the date of grant. We are pleased to announce that HP plans to offer you an opportunity to participate in a special option amendment program with respect to those discounted stock options that may
enable you to avoid unfavorable tax consequences you may otherwise incur with respect to those discounted options under Section&nbsp;409A of the federal income tax laws. The program will be
conducted by means of a tender offer for your discounted stock options. </FONT></P>

<P><FONT SIZE=2>HP,
Mercury, and Deloitte Tax will be holding two identical special briefings on Mercury's campus on Friday, November&nbsp;17 to: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Help
explain the potential adverse tax impact of Section&nbsp;409A
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Explain
how HP has addressed the situation and the choices you have
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Answer
any other questions you may have </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>Please
plan to attend one of the briefings. A dial-in number will be available for those unable to attend the live presentation. Additional information and the materials describing the
tender offer and how to participate will be provided to you on the day of the briefings. </FONT></P>

<P><FONT SIZE=2><B>BRIEFINGS<BR>
Where:&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=2>Mercury Cafeteria, Mountain View<BR></FONT> <FONT SIZE=2><B>Date:&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=2>Friday, November&nbsp;17, 2006<BR></FONT> <FONT
SIZE=2><B>Time:&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=2>Session 1: 10-11AM PST<BR></FONT> <FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=2>Session 2: 3-4PM PST
</FONT></P>

<P><FONT SIZE=2><B>ACCESS<BR>
SESSION 1 (10AM, PST):</B></FONT><FONT SIZE=2><BR>
Participant Dial-In Number(s):<BR>
US/Canada Dial-in [TELEPHONE NUMBER]<BR>
Int'l/Local Dial-In #: [TELEPHONE NUMBER]<BR>
Conference ID #: [CONFERENCE ID] </FONT></P>

<P><FONT SIZE=2>Participant
URL: [URL]<BR>
To test your setup ahead of your event, please use the following link: [URL] </FONT></P>

<P><FONT SIZE=2><B>SESSION 2 (3PM, PST):</B></FONT><FONT SIZE=2><BR>
Participant Dial-In Number(s):<BR>
US/Canada Dial-in #: [TELEPHONE NUMBER]<BR>
Int'l/Local Dial-In #: [TELEPHONE NUMBER]<BR>
Conference ID: [CONFERENCE ID] </FONT></P>

<P><FONT SIZE=2>Participant
URL: [URL]<BR>
To test your setup ahead of your event, please use the following link: [URL] </FONT></P>

<P><FONT SIZE=2>If
you cannot attend either of these briefings, the presentation will be recorded and the replay will be posted on Inside Mercury [URL] after Monday, November&nbsp;20, 2006.
Additionally, a follow-up meeting will be held on November&nbsp;28 at 10AM, PST. An invitation to that meeting will be sent next week. </FONT></P>

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<BR>

<P><FONT SIZE=2><B><U>Important Information</U>  </B></FONT></P>

<P><FONT SIZE=2><B>THIS E-MAIL IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE
OFFER TO AMEND ONLY WILL BE MADE PURSUANT TO AN OFFER TO AMEND AND RELATED MATERIALS THAT HP INTENDS TO FILE WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC") AS PART OF A TENDER OFFER STATEMENT ON
THE DATE OF COMMENCEMENT OF THE TENDER OFFER. OPTION HOLDERS WHO ARE ELIGIBLE TO PARTICIPATE IN THE TENDER OFFER SHOULD READ THE TENDER OFFER STATEMENT AND THE RELATED MATERIALS CAREFULLY BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER. OPTION HOLDERS WILL BE ABLE TO OBTAIN THE TENDER OFFER STATEMENT AND THE RELATED MATERIALS FREE OF CHARGE FROM THE SEC'S WEBSITE AT
<U>WWW.SEC.GOV</U> OR FROM HP.  </B></FONT></P>

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