UNITED STATES
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x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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for the fiscal year ended December 31, 2008 | |
OR | |
o TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the transition period from ____________ to ____________ | |
Commission File Number: 1-4423 | |
A. | Full title of the plan and address of the plan, if different from that of the issuer named below: |
HEWLETT-PACKARD COMPANY 401(k) PLAN | |
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
HEWLETT-PACKARD COMPANY 3000 HANOVER STREET PALO ALTO, CALIFORNIA 94304 |
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FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULE
Hewlett-Packard Company 401(k) Plan
December 31, 2008 and 2007, and for the Year Ended December 31, 2008
With Report of Independent Registered Public Accounting Firm
Hewlett-Packard Company 401(k) Plan
Financial Statements and Supplemental Schedule
December 31, 2008 and 2007,
and for the Year Ended December 31, 2008
Contents |
|
---|---|
Report of Independent Registered Public Accounting Firm | 1 |
Audited Financial Statements: | |
Statements of Net Assets Available for Benefits | 2 |
Statement of Changes in Net Assets Available for Benefits | 3 |
Notes to Financial Statements | 4 |
Supplemental Schedule: | |
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) | 17 |
Signature | 47 |
Exhibit | |
Exhibit 23 – Consent of Independent Registered Public Accounting Firm | 48 |
Report of Independent Registered Public Accounting Firm
Plan Administrator
Hewlett-Packard Company 401(k) Plan
We have audited the accompanying statements of net assets available for benefits of Hewlett-Packard Company 401(k) Plan as of December 31, 2008 and 2007, and the related statement of changes in net assets available for benefits for the year ended December 31, 2008. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2008 and 2007, and the changes in its net assets available for benefits for the year ended December 31, 2008, in conformity with accounting principles generally accepted in the United States.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2008, is presented for the purpose of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/S/ ERNST & YOUNG LLP
San Jose, California
June 26, 2009
1
Hewlett-Packard Company 401(k) Plan
Statements of Net Assets Available for Benefits
December 31 | ||||||||
---|---|---|---|---|---|---|---|---|
2008 | 2007 | |||||||
Assets | ||||||||
Cash | $ | 1,188,022 | $ | 25,699,157 | ||||
Investments, at fair value | 7,978,860,454 | 11,103,035,010 | ||||||
Receivables: | ||||||||
Company contribution | — | 27,316 | ||||||
Amount due from brokers for securities sold | 40,409,104 | 31,181,711 | ||||||
Forward foreign currency contracts | 55,254,427 | 66,644,321 | ||||||
Interest and dividends | 7,352,100 | 4,381,856 | ||||||
Total receivables | 103,015,631 | 102,235,204 | ||||||
Total assets | 8,083,064,107 | 11,230,969,371 | ||||||
Liabilities | ||||||||
Amounts due to brokers for securities purchased | 27,573,213 | 23,578,053 | ||||||
Forward foreign currency contracts payable | 55,217,783 | 66,968,940 | ||||||
Other payables | 2,131,335 | 2,426,263 | ||||||
Total liabilities | 84,922,331 | 92,973,256 | ||||||
Net assets reflecting investments, at fair value | 7,998,141,776 | 11,137,996,115 | ||||||
Adjustment from fair value to contract value for fully | ||||||||
benefit-responsive investment contracts | 93,053,312 | 2,332,025 | ||||||
Net assets available for benefits | $ | 8,091,195,088 | $ | 11,140,328,140 |
See accompanying notes.
2
Hewlett-Packard Company 401(k) Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended December 31, 2008
Additions to (deductions from) net assets attributed to: | |||||
Contributions: | |||||
Participant | $ | 480,208,233 | |||
Company | 281,297,319 | ||||
Rollover | 57,891,286 | ||||
819,396,838 | |||||
Transfer-in | 1,122,494 | ||||
Net investment income (loss): |
|
||||
Interest and dividends |
348,098,436 |
||||
Net realized and unrealized depreciation in fair value of investments |
(3,639,680,934 |
) | |||
Net investment loss |
(3,291,582,498 |
) | |||
Benefits paid directly to participants | (567,810,073 | ) | |||
Administrative expenses and fees | (764,200 | ) | |||
Investment management fees | (9,495,613 | ) | |||
Net decrease | (3,049,133,052 | ) | |||
Net assets available for benefits: | |||||
Beginning of year | 11,140,328,140 | ||||
End of year | $ | 8,091,195,088 |
See accompanying notes.
3
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements
December 31, 2008
The following brief description of the Hewlett-Packard Company 401(k) Plan (the Plan) provides only general information. Participants should refer to the plan document for a more complete description of the Plan’s provisions.
The Plan is a defined contribution plan covering employees of Hewlett-Packard Company (the Company or HP) and designated domestic subsidiaries who are on the U.S. payroll and who are employed as regular full-time or regular part-time or limited-term employees. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).
In May 2007, the Investment Review Committee approved changes to the Plan’s investment lineup, including elimination of three of the Tier 1 funds, creation of ten Target Retirement Date Funds to replace the eliminated Tier 1 funds, and changing the default fund for automatic enrollment from the Stable Value Fund to the appropriate target date fund based on the participant’s expected retirement date at age 65. The changes were implemented on September 4, 2007.
Assets of the Plan are invested in a three-tier investment structure. Tier 1 includes one ready-made portfolio, i.e., the Conservative Portfolio, and ten Target Retirement Date Funds to be utilized based on the employee’s current age and anticipated retirement date at age 65. Tier 2 includes 15 institutional funds in a range of asset classes. Tier 3 includes 15 brand-name mutual funds spanning several investment categories. Additionally, the Plan offers Company common stock as an investment option. All investments are participant-directed.
Effective after the close of the market on April 25, 2008, the Fidelity Growth and Income Portfolio was removed from the investment options in Tier 3 and was replaced with a Tier 2 fund, the Large Cap Core Stock Fund.
The Plan includes a non-leveraged employee stock ownership plan (the ESOP) within the meaning of Internal Revenue Code (the Code) Section 4975(e)(7). The ESOP is maintained as part of the Plan and is designed to invest primarily in the Company’s common stock. The purpose of the ESOP is to permit participants the option of having dividends on the Company’s common stock re-invested in the Plan or paid directly to them in cash. Participants in the Plan who were formerly participants in the Compaq Computer Corporation 401(k) Investment Plan but who did not become employees of the Company subsequent to the acquisition of Compaq Computer Corporation in May 2002 are not eligible to participate in the ESOP.
4
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
As soon as administratively feasible, normally about 15 days after the employee’s employment start date, employees are automatically enrolled in the Plan at a 3% contribution rate, in one of the ten Target Retirement Date Funds based on the employee’s current age and anticipated retirement age.
Participants may annually contribute, on a pretax basis, up to 50% of their eligible compensation, as defined by the Plan. Contributions are subject to annual deductibility limits specified under the Code. The annual limitation was $15,500 for 2008.
Contributions can be made as whole or fractional percentages of pay. Employees can choose pre-tax contributions, after-tax Roth 401(k) contributions, or a combination of the two.
Effective January 1, 2007, after-tax Roth 401(k) contributions were permitted to be made to the Plan. The Plan also accepts rollover contributions from a Roth deferral account to the Plan as described in Code section 402A(e)(1) and only to the extent the rollover is permitted under the rules of section 402(c) of the Code. After-tax Roth 401(k) contributions shall be treated as deferred contributions for all purposes under the Plan, including Company matching contributions.
Participants who are age 50 or older by the end of the plan year can contribute an additional $5,000 above the annual limitation. Catch-up contributions can be pretax contributions, after-tax Roth 401(k) contributions, or a combination of the two. These “catch-up” contributions are not eligible for the Company match. Participants may also make rollover contributions of amounts representing distributions from other qualified defined benefit or defined contribution plans.
Effective January 1, 2006, employees first hired or rehired on and after January 1, 2006, and employees with fewer than 62 points, calculated as age plus years of service as of December 31, 2005, received Company matching contributions equal to 100% of the first 6% of the eligible compensation the participant contributes to the Plan; employees with 62 or more points as of December 31, 2005, calculated as age plus service, received Company matching contributions equal to 100% of the first 4% of eligible compensation contributed to the Plan. Effective January 1, 2008, all participants were eligible for the 6% matching contribution. However, effective August 1, 2008, new hires, re-hires or transfers onto the U.S. payroll receive Company matching contributions equal to 100% of the first 4% of eligible compensation they contribute to the Plan.
5
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
Participants are fully vested at all times with regard to their contributions and earnings thereon.
Participants who became employees before January 1, 2006, are also 100% vested in their Company matching contributions and earnings thereon at all times.
Effective January 1, 2006, all new employees are subject to a three-year cliff vesting schedule with regard to Company matching contributions. As a result, participants with no prior HP service who enter the Plan on or after January 1, 2006, do not vest in Company matching contributions until the earlier of earning three years of credited service, attaining age 65, death before termination of employment, or becoming eligible for disability benefits under the Company’s long-term disability benefits program, at which time they will become 100% vested in their Company matching contributions and earnings thereon.
Each participant’s account is credited with the participant’s contributions and allocations of (i) Company contributions and (ii) Plan earnings and losses. Allocations are determined in accordance with the provisions of the plan document. The benefit to which a participant is entitled is the benefit that can be provided from the vested portion of the participant’s account.
The Plan offers two types of loans, namely general-purpose loans and primary residence loans. The repayment period for a general-purpose loan may not exceed five years, and the repayment period for a primary residence loan may not exceed 15 years.
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balances. Loans are secured by the participant’s account and bear interest at a rate equal to the prevailing prime rate plus 1%. Principal and interest is paid ratably through payroll deductions.
6
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
Upon termination of employment, participants forfeit their nonvested balances. Forfeited balances of terminated participants’ nonvested accounts are used to reduce future company contributions. Unallocated forfeiture balances as of December 31, 2008 and 2007, were approximately $2,700,000 and $900,000, respectively, and forfeitures used to reduce Company contributions for 2008 were approximately $900,000.
On termination of service, death, or retirement, participants may elect to receive a lump-sum amount equal to the value of their account. Lump-sum payments may be made in cash or shares of stock for distribution from the Company Stock Fund. Hardship distributions and in-service withdrawals are permitted if certain criteria are met. Participants may also, at any time, withdraw all or part of their rollover accounts.
Certain fees and expenses of the Plan for legal, accounting, and other administrative services are paid directly by the Company on behalf of the Plan. Other administrative fees and all investment management fees are charged to individual participants’ accounts. Certain administrative fees and investment management fees related to Tiers 1 and 2 investment options are paid directly to the Plan’s investment managers and are reported separately on the statement of changes in net assets available for benefits. Investment management fees charged by the Tier 3 mutual funds are deducted from the net asset values of the mutual funds and are, therefore, recorded as a component of the net realized and unrealized depreciation in fair value of the Plan’s investments.
Although it has not expressed any intent to do so, the Company has the right to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA.
The accompanying financial statements have been prepared on the accrual basis of accounting.
7
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes and supplemental schedule. Actual results could differ from those estimates.
In September 2006, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No. 157, Fair Value Measurements (SFAS 157). This standard clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements. SFAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007. Additionally, in October 2008, the FASB issued FASB Staff Position 157-3, Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not Active (FSP 157-3). FSP 157-3 clarifies the application of SFAS 157 in markets that are not active and provides an example to illustrate key considerations in determining the fair value of a financial asset when the market for an asset is not active. The guidance in FSP 157-3 was effective upon issuance, including prior periods for which financial statements had not been issued. The Plan adopted SFAS 157 effective January 1, 2008.
In April 2009, the FASB issued FASB Staff Position 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly (FSP 157-4). FSP 157-4 supersedes FSP 157-3 and amends SFAS 157 to provide additional guidance on estimating fair value when the volume and level of activity for an asset or liability have significantly decreased in relation to normal market activity for the asset or liability. FSP 157-4 also provides additional guidance on circumstances that may indicate that a transaction is not orderly and on defining major categories of debt and equity securities in meeting the disclosure requirements of SFAS 157. FSP 157-4 is effective for reporting periods ending after June 15, 2009. Plan management is currently evaluating the effect that the provisions of FSP 157-4 will have on the Plan’s financial statements.
8
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
In March 2008, the FASB issued SFAS 161, Disclosures about Derivative Instruments and Hedging Activities. This standard applies to all derivative instruments and related hedged items accounted for under SFAS 133, Accounting for Derivative Instruments and Hedging Activities, and requires entities to provide greater transparency about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under SFAS 133 and (c) how derivative instruments and related hedged items affect an entity’s financial position, results of operations and cash flows. SFAS 161 is effective for financial statements issued for fiscal years beginning after November 15, 2008, with earlier application encouraged. Plan management intends to include the additional disclosures required under SFAS 161 in the Plan’s financial statements for the year-end December 31, 2009.
The Plan’s investments are stated at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). See Note 4 for further discussion of fair value measurements.
Investment contracts held by a defined contribution plan are required to be reported at fair value (see Note 4). However, contract value is the relevant measurement attribute for that portion of net assets available for benefits of the Plan attributable to fully benefit-responsive contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in fully benefit-responsive guaranteed investment contracts (GICs) and synthetic investment contracts (synthetic GICs). The statements of net assets available for benefits present the fair value of the investment contracts, as well as an adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The fair value of the GICs is calculated by discounting the related cash flows based on current yields of similar instruments with comparable durations. The underlying investments of the synthetic GICs are valued at quoted redemption values on the last business day of the Plan’s year-end. Wrapper contracts are valued using a replacement cost methodology as of the last day of the plan year. The contract value of the fully benefit-responsive investment contracts represents contributions plus earnings, less participant withdrawals and administrative expenses.
9
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
In accordance with SFAS 157, assets and liabilities measured at fair value are categorized into the following fair value hierarchy:
Level 1 – Fair value is based on unadjusted quoted prices for identical assets or liabilities in an active market that the Plan has the ability to access at the measurement date. |
Level 2 – Fair value is based on quoted prices in markets that are not active, quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level 2. |
Level 3 – Fair value is based on prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the investment and are based on the best available information, some of which may be internally developed. |
The level in the fair value hierarchy with which the fair value measurement is classified is determined based on the lowest level input that is significant to the fair value measure in its entirety.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded as earned. Dividends are recorded on the ex-dividend date. Net depreciation in the fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
10
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
The fair values of individual investments that represent 5% or more of the fair value of the Plan’s net assets are as follows:
December 31 | ||||||||
---|---|---|---|---|---|---|---|---|
2008 | 2007 | |||||||
Hewlett-Packard Company common stock | $ | 972,759,293 | $ | 1,395,814,908 | ||||
Vanguard Employee Benefit Index Fund | 647,986,051 | 1,047,528,380 | ||||||
Vanguard PRIMECAP ADM Fund | 530,157,876 | 807,456,538 | ||||||
Fidelity Contrafund | 458,134,765 | 738,930,008 | ||||||
Dwight Target 2 Fund | 601,916,872 | 609,625,823 | ||||||
Fidelity Magellan Fund | 292,412,138 | * | 608,536,858 |
*Less than 5% of the fair value of the Plan’s net assets as of December 31, 2008.
For the year ended December 31, 2008, the Plan’s investments (including investments purchased, sold, as well as held during the year) depreciated in fair value as follows:
Registered investment companies | $ | 2,038,414,030 | |||
Common stock | 622,542,052 | ||||
Common collective trust funds | 592,900,262 | ||||
Company common stock | 378,933,934 | ||||
Corporate debt | 6,890,656 | ||||
Total net realized and unrealized depreciation in fair value of investments | $ | 3,639,680,934 |
Following is a description of the valuation methodologies used for assets measured at fair value.
Mutual funds: Valued at the net asset value (“NAV”) of shares held by the plan at year-end. |
Common collective trusts: Valued at the unit prices established by the funds’ sponsors on the last business day of the plan year, based on the fair value of the assets underlying the funds. |
11
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
Common stocks, corporate debt and U.S. government securities: Valued at the closing price reported on the active market on which the individual securities are traded. |
Money market funds: Valued at NAV of units held by the Plan at year-end. |
Short-term investments: Valued at cost plus accrued interest, which approximates fair value. |
Guaranteed investment contracts: Valued at fair value of the underlying investments which consist of mutual funds, short-term investments, corporate debt and U.S. government securities (See Note 5). |
Participant loans: Valued at amortized cost, which approximates fair value. |
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets as of December 31, 2008:
Investment Assets at Fair Value | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Level 1 | Level 2 | Level 3 | Total | |||||||||||
Mutual funds | $ | 3,042,394,007 | $ | — | $ | — | $ | 3,042,394,007 | ||||||
Common collective trusts | — | 1,220,681,896 | — | 1,220,681,896 | ||||||||||
Employer stock | 972,759,293 | — | — | 972,759,293 | ||||||||||
Money market funds | 250,261,152 | — | — |
250,261,152 |
||||||||||
Managed accounts: | ||||||||||||||
Short-term investments | 34,572,440 | — | — | 34,572,440 | ||||||||||
Common and preferred stocks | 946,749,911 | — | — | 946,749,911 | ||||||||||
Corporate debt | — | 70,762,793 | — | 70,762,793 | ||||||||||
U.S. government securities | — | 84,284,639 | — | 84,284,639 | ||||||||||
Guaranteed investment contracts | — | 1,226,121,380 | — | 1,226,121,380 | ||||||||||
Participants loans | — | — | 130,272,943 | 130,272,943 | ||||||||||
Total investment assets at fair value | $ | 5,246,736,803 | $ | 2,601,850,708 | $ | 130,272,943 | $ | 7,978,860,454 |
12
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets (participant loans) as of December 31, 2008:
Balance, beginning of year | $ | 124,729,139 | |||
New loans | 58,434,191 | ||||
Repayments | (52,890,387 | ) | |||
Balance, end of year | $ | 130,272,943 |
The Plan offers a Stable Value Fund, which invests in GICs and synthetic GICs, to provide participants with a stable, fixed-rate return and protection of principal from market changes. There are no reserves against contract value for credit risk of the contract issuers or otherwise. The crediting interest rates are based on a formula agreed upon with the issuer. The interest rate paid by the issuer or contract rate may be fixed over the life of the contract or adjusted periodically, but cannot fall below 0%.
Certain events limit the ability of the Plan to transact at contract value with the issuer. Such events include amendments to the plan document, changes to the Plan’s prohibition of competing investment options, complete or partial termination of the Plan, the failure of the Plan or its trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA, the redemption of all or a portion of the Plan’s interest in the investment at the direction of the Company, or delivery of any communication to participants designed to influence participants not to invest in the Stable Value Fund. The Company does not believe that the occurrence of any such event, which would limit the Plan’s ability to transact at contract value with participants, is probable.
GICs generally do not permit issuers to terminate the contract prior to the scheduled maturity date. Wrapper contracts, a component of synthetic GICs generally allow the issuer to terminate upon notice at any time for market value. Wrapper contracts generally also contain provisions to allow the Plan to elect to convert the wrapped portfolio to a declining direction strategy upon termination by the issuer. Such provisions are intended to result in contract value equaling market value by the ultimate termination date.
13
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
Average yields earned on the Stable Value Fund are as follows:
Year Ended December 31 | ||||||||
---|---|---|---|---|---|---|---|---|
2008 | 2007 | |||||||
Based on actual earnings | 5.36% | 5.52% | ||||||
Based on interest rate credited to participants | 3.67% | 5.12% |
The Plan began using forward foreign currency contracts in 2006, as the Plan holds investments denominated in foreign currencies. Forward foreign currency contracts are generally utilized to hedge a portion of the currency exposure that results in those investments denominated in foreign currencies. The forward foreign currency contracts are not designated as hedging instruments.
Forward foreign currency contracts are generally marked-to-market at the prevailing forward exchange rate of the underlying currencies and the difference between contract value and market value is recorded as unrealized appreciation (depreciation) in fair value of investments. When the forward foreign currency contract is closed, the Plan transfers the unrealized appreciation (depreciation) to a realized gain (loss) equal to the change in the value of the forward foreign currency contract when it was opened and the value at the time it was closed or offset.
Certain risks may arise upon entering into a forward foreign currency contract from the potential inability of the counterparties to meet the terms of their contracts. Additionally, when utilizing forward foreign currency contracts to hedge, the Plan gives up the opportunity to profit from favorable exchange rate movements during the term of the contract. As of December 31, 2008 and 2007, the value of currencies under forward foreign currency contracts represented less than 1% of net assets.
Effective May 8, 2008, Tower Software Engineering Pty Ltd (Tower) was acquired by the Company and the Tower 401(k) Plan was merged into the Plan. Former employees of Tower began participating in the Plan effective July 1, 2008. The net assets transferred to the Plan are reflected on the statement of changes in net assets available for benefits as a transfer from other qualified plan.
14
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
The Plan has received a determination letter from the Internal Revenue Service (IRS) dated August 22, 2000, stating that the Plan is qualified under Section 401(a) of the Code and, therefore, the related trust is exempt from taxation. Subsequent to the issuance of the determination letter, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The plan administrator believes that the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended and restated, is qualified and the related trust is tax-exempt.
Transactions in shares of the Company’s common stock qualify as party-in-interest transactions under the provisions of ERISA. During 2008, the Plan made purchases of approximately $218,885,650 and sales of approximately $254,877,008 of the Company’s common stock.
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
December 31 | ||||||||
---|---|---|---|---|---|---|---|---|
2008 | 2007 | |||||||
Net assets available for benefits per the financial statements | $ | 8,091,195,088 | $ | 11,140,328,140 | ||||
Less: Adjustment to fair value from contract value related | ||||||||
to fully benefit-responsive investment contracts | (93,053,312 | ) | (2,332,025 | ) | ||||
Net assets available for benefits per the Form 5500 | $ | 7,998,141,776 | $ | 11,137,996,115 |
15
Hewlett-Packard Company 401(k) Plan
Notes to Financial Statements (continued)
The following is a reconciliation of the net investment loss per the financial statements for the year ended December 31, 2008, to the Form 5500:
Net investment loss per the financial statements | $ | (3,291,582,498 | ) | ||
Less: Current year adjustment between fair value and contract value | |||||
related to fully benefit-responsive investment contracts | (93,053,312 | ) | |||
Add: Prior year adjustment between fair value and contract value related | |||||
to fully benefit-responsive investment contracts | 2,332,025 | ||||
Net investment loss per the Form 5500 | $ | (3,382,303,785 | ) |
The HP Investment Review Committee evaluated the Plan’s existing fund offerings and decided to remove the Fidelity Real Estate Investment Portfolio from the investment options in Tier 3. The change was effective after the close of the market on January 30, 2009. The Fidelity Real Estate Investment Portfolio was replaced with a Tier 2 fund, the Global Real Estate Fund. Also, the Fidelity Magellan Fund was replaced with another Tier 2 fund, the Large Cap Growth Stock Fund effective after the close of the market on June 11, 2009.
Effective April 1, 2009, the Company’s matching contribution is determined up to a maximum of 100% of the first 4% of the eligible compensation for all eligible U.S. employees. The Company’s matching contribution was changed to a quarterly, discretionary performance-based match, determined each fiscal quarter based on business results. Matching contributions may vary from quarter-to-quarter based on factors such as quarterly earnings, market share growth, and performance relative to market and economic conditions. The first quarterly match will be determined as of July 31, 2009, covering the period from April 1, 2009 through July 31, 2009.
16
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Money market funds | ||||||||||||
* |
Fidelity Institutional Cash Portfolio | 250,261,152 | shares | $ | 250,261,152 | |||||||
Short-term investments | ||||||||||||
DREYFUS TREASURY CASH MGMT | 31,517,863 | shares | 31,517,863 | |||||||||
WACHOVIA BK NA BN 6 11/15/17 | 725,000 | shares | 699,861 | |||||||||
INTESA SANP Y$CD 3ML+64 6/9/10 | 300,000 | shares | 300,000 | |||||||||
TBC INC POOLED EMP DAILY LEH | 220,575 | shares | 220,575 | |||||||||
Interest-bearing cash | 1,233,244,760 | units | 1,834,141 | |||||||||
34,572,440 | ||||||||||||
Registered investment companies | ||||||||||||
Mainstay I CAP Equity Portfolio | 2,536,609 | shares | 63,795,720 | |||||||||
Artisan International Fund | 4,201,012 | shares | 62,847,145 | |||||||||
PIMCO High Yield Fund | 8,239,384 | shares | 55,121,481 | |||||||||
Lazard Emerging Markets Portfolio | 5,061,243 | shares | 55,066,322 | |||||||||
PIMCO Real Return Fund | 15,572,763 | shares | 147,162,612 | |||||||||
Vanguard PRIMECAP ADMFund | 11,475,279 | shares | 530,157,876 | |||||||||
American Funds New World Fund | 3,460,725 | shares | 108,735,980 | |||||||||
PIMCO Global Bond II Fund | 4,471,742 | shares | 39,127,741 | |||||||||
MFS International New Discovery Fund | 8,408,995 | shares | 107,130,596 | |||||||||
Dodge & Cox International Stock | 9,421,746 | shares | 206,336,233 | |||||||||
Domini Social Equity Fund | 1,924,217 | shares | 12,064,838 | |||||||||
* |
Fidelity Magellan Fund | 6,376,191 | shares | 292,412,138 | ||||||||
* |
Fidelity Contrafund | 10,122,288 | shares | 458,134,765 | ||||||||
* |
Fidelity Real Estate Investment Portfolio | 7,408,562 | shares | 115,647,655 | ||||||||
* |
Fidelity Low-Priced Stock Fund | 9,952,649 | shares | 230,105,234 | ||||||||
Dodge & Cox Stock Fund | 1,790,381 | shares | 133,150,640 | |||||||||
PIMCO Asset Backed Securities Fund | 556,605 | shares | 4,363,782 | |||||||||
PIMCO Emerging Markets Fund | 754,195 | shares | 6,093,893 | |||||||||
PIMCO International Portfolio (unlisted) | 4,359,991 | shares | 19,445,558 | |||||||||
PIMCO Investment Grade Corporate Portfolio (unlisted) | 4,593,296 | shares | 39,548,276 | |||||||||
PIMCO Mortgage Portfolio (unlisted) | 14,119,449 | shares | 140,206,126 | |||||||||
PIMCO Municipal Sector Portfolio | 744,357 | shares | 5,270,048 | |||||||||
PIMCO Real Return Bond Fund | 324,295 | shares | 2,620,307 | |||||||||
PIMCO Short Term Port Ins | 682,028 | shares | 5,081,110 | |||||||||
PIMCO US Government Sector Portfolio | 4,100,772 | shares | 38,383,221 | |||||||||
Vanguard Extended Market Index | 5,525,014 | shares | 132,710,843 | |||||||||
CRM MID CAP VALUE FD INSTL | 1,413,086 | shares | 26,777,978 | |||||||||
SPDR Trust - ETF | 54,200 | shares | 4,895,886 | |||||||||
3,042,394,007 |
17
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common Stock | ||||||||||||
3I GROUP PLC | 34,090 | shares | $ | 135,313 | ||||||||
AAR CORP | 104,800 | shares | 1,929,368 | |||||||||
ABBOTT LABORATORIES | 151,900 | shares | 8,106,903 | |||||||||
ABSA GROUP LTD | 20,700 | shares | 238,160 | |||||||||
ACCENTURE LTD CL A | 59,300 | shares | 1,944,447 | |||||||||
ACE LTD | 48,500 | shares | 2,566,620 | |||||||||
ADOBE SYSTEMS INC | 100,700 | shares | 2,143,903 | |||||||||
ADVANCE AUTO PARTS INC | 93,330 | shares | 3,140,555 | |||||||||
ADVISORY BOARD CO | 89,600 | shares | 1,998,080 | |||||||||
AECOM TECHNOLOGY CORP | 157,000 | shares | 4,824,610 | |||||||||
AERCAP HOLDINGS NV | 164,000 | shares | 493,640 | |||||||||
AFFILIATED MANAGERS GRP | 10,273 | shares | 430,644 | |||||||||
AGCO CORP | 4,617 | shares | 108,915 | |||||||||
AHOLD NV, KONINKLIJKE | 82,920 | shares | 1,017,972 | |||||||||
AIR GAS INC | 15,543 | shares | 606,022 | |||||||||
AIR PRODUCTS & CHEMICALS | 15,800 | shares | 794,266 | |||||||||
ALBERTO CULVER CO NEW | 105,900 | shares | 2,595,609 | |||||||||
ALCON INC | 42,840 | shares | 3,820,900 | |||||||||
ALLIANCE DATA SYSTEMS CORP | 78,000 | shares | 3,629,340 | |||||||||
ALLIANZ SE (REGD) | 15,400 | shares | 1,667,816 | |||||||||
ALPS ELECTRIC CO LTD | 17,900 | shares | 85,825 | |||||||||
ALTERA CORP | 82,600 | shares | 1,380,246 | |||||||||
AMAZON.COM INC | 58,800 | shares | 3,015,264 | |||||||||
AMCOR LTD | 88,902 | shares | 368,509 | |||||||||
AMDOCS LTD | 112,200 | shares | 2,052,138 | |||||||||
AMEDISYS INC | 76,564 | shares | 3,165,156 | |||||||||
AMERICAN ITALIAN PASTA CO CL A | 1,134 | shares | 25,334 | |||||||||
AMERICAN REPROGRAPHICS CO | 113,100 | shares | 780,390 | |||||||||
AMERIPRISE FINANCIAL INC | 60,400 | shares | 1,410,944 | |||||||||
AMETEK INC NEW | 9,900 | shares | 299,079 | |||||||||
AMGEN INC | 66,800 | shares | 3,857,700 | |||||||||
AMPHENOL CORPORATION CL A | 94,886 | shares | 2,275,366 | |||||||||
AMYLIN PHARMACEUTICALS | 51,400 | shares | 557,690 | |||||||||
ANALOG DEVICES INC | 68,300 | shares | 1,299,066 | |||||||||
ANIXTER INTL INC | 98,266 | shares | 2,959,772 | |||||||||
ANSYS INC | 13,662 | shares | 381,033 |
18
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
APOLLO GROUP INC CL A | 9,691 | shares | $ | 742,524 | ||||||||
APPLE INC | 33,505 | shares | 2,859,652 | |||||||||
APTARGROUP INC | 36,848 | shares | 1,298,524 | |||||||||
AQUA AMERICA INC | 18,100 | shares | 372,679 | |||||||||
ARCELORMITTAL SA (FRAN) | 29,800 | shares | 712,121 | |||||||||
ARCH CHEMICALS INC | 53,000 | shares | 1,381,710 | |||||||||
ARRIS GROUP INC | 147,800 | shares | 1,175,010 | |||||||||
ARTHUR J GALLAGHAR AND CO | 100,000 | shares | 2,591,000 | |||||||||
ASSOCIATED BRITISH FOODS | 53,100 | shares | 565,668 | |||||||||
ASSURED GUARANTTY LTD | 90,900 | shares | 1,036,260 | |||||||||
ASTRAZENECA PLC (UK) | 27,638 | shares | 1,147,628 | |||||||||
AT&T INC | 310,750 | shares | 8,856,375 | |||||||||
ATHEROS COMMUNICATIONS INC | 105,907 | shares | 1,515,529 | |||||||||
ATLAS COPCO AB SER A | 54,893 | shares | 468,071 | |||||||||
ATWOOD OCEANICS INC | 4,219 | shares | 64,466 | |||||||||
AUSTRALIA & NZ BANKING GRP | 50,600 | shares | 550,198 | |||||||||
AUTOLIV INC | 80,017 | shares | 1,717,165 | |||||||||
AVISTA CORP | 70,600 | shares | 1,368,228 | |||||||||
AVIVA PLC | 77,401 | shares | 440,510 | |||||||||
AVON PRODUCTS INC | 123,600 | shares | 2,970,108 | |||||||||
BAE SYSTEMS PLC | 314,201 | shares | 1,727,450 | |||||||||
BAKER HUGHES INC | 14,700 | shares | 471,429 | |||||||||
BALDOR ELEC CO | 99,400 | shares | 1,774,290 | |||||||||
BALLY TECHNOLOGIES INC | 15,849 | shares | 380,851 | |||||||||
BANCO SANTANDER SA | 178,579 | shares | 1,733,391 | |||||||||
BANCORPSOUTH INC | 23,200 | shares | 541,952 | |||||||||
BARCLAYS PLC ORD | 411,400 | shares | 949,081 | |||||||||
BASF SE | 36,000 | shares | 1,394,248 | |||||||||
BAXTER INTL INC | 116,400 | shares | 6,237,876 | |||||||||
BAYER AG | 35,933 | shares | 2,085,221 | |||||||||
BEACON ROOFING SUPPLY INC | 45,300 | shares | 628,764 | |||||||||
BENIHANA INC | 4,900 | shares | 10,290 | |||||||||
BENIHANA INC CL A | 35,100 | shares | 73,710 | |||||||||
BEST BUY CO INC | 60,000 | shares | 1,686,600 | |||||||||
BG GROUP PLC | 163,711 | shares | 2,286,306 | |||||||||
BHP BILLITON LTD | 42,300 | shares | 916,610 | |||||||||
BHP BILLITON PLC | 61,106 | shares | 1,153,885 |
19
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
BILFINGER BERGER AG | 4,000 | shares | $ | 208,492 | ||||||||
BIO RAD LABS CL A | 54,179 | shares | 4,080,220 | |||||||||
BLACK HILLS CORP | 59,628 | shares | 1,607,571 | |||||||||
BLACKBOARD INC | 93,400 | shares | 2,449,882 | |||||||||
BMW AG (BAYER MTR WKS) (GERW) | 12,741 | shares | 384,544 | |||||||||
BNP PARIBAS (FRAN) | 31,616 | shares | 1,335,734 | |||||||||
BOSTON BEER COMPANY CL A | 19,500 | shares | 553,800 | |||||||||
BOSTON PPTY CV | 275,000 | shares | 217,250 | |||||||||
BP PLC | 250,900 | shares | 1,965,834 | |||||||||
BP PLC SPON ADR | 122,500 | shares | 5,725,650 | |||||||||
BRIDGESTONE CORP | 34,100 | shares | 498,768 | |||||||||
BRINKER INTERNATIONAL INC | 199,300 | shares | 2,100,622 | |||||||||
BRISTOW GROUP INC | 70,061 | shares | 1,876,934 | |||||||||
BRITISH AMERICAN TOBACCO | 88,620 | shares | 2,346,465 | |||||||||
BROADCOM CORP CL A | 16,638 | shares | 282,347 | |||||||||
CABOT CORP | 100,449 | shares | 1,536,870 | |||||||||
CABOT OIL & GAS CORP | 53,100 | shares | 1,380,600 | |||||||||
CADBURY PLC | 72,600 | shares | 641,498 | |||||||||
CAMERON INTL CORP | 79,000 | shares | 1,619,500 | |||||||||
CANON INC | 13,500 | shares | 427,388 | |||||||||
CAPELLA EDUCATION CO | 4,998 | shares | 293,682 | |||||||||
CAPITAL ONE FIN CORP | 60,600 | shares | 1,932,534 | |||||||||
CAPITALSOURCE INC | 118,400 | shares | 547,008 | |||||||||
CARLISLE COS INC | 304,008 | shares | 6,292,966 | |||||||||
CARPENTER TECHNOLOGY CORP | 53,800 | shares | 1,105,052 | |||||||||
CASEY GENERAL STORES | 10,200 | shares | 232,254 | |||||||||
CASTLE (A.M.) & CO | 30,800 | shares | 333,564 | |||||||||
CELANESE CORP SER A | 27,500 | shares | 341,825 | |||||||||
CELESIO AG | 14,400 | shares | 390,168 | |||||||||
CELGENE CORP | 53,300 | shares | 2,946,424 | |||||||||
CENTRAL EURO DIST CORP (USA) | 55,100 | shares | 1,085,470 | |||||||||
CENTRICA PLC | 210,583 | shares | 817,428 | |||||||||
CEPHALON INC | 33,500 | shares | 2,580,840 | |||||||||
CEZ AS | 12,199 | shares | 498,038 | |||||||||
CH ROBINSON WORLDWIDE INC | 51,000 | shares | 2,806,530 | |||||||||
CHARLES RIVER LABS INTL INC | 4,093 | shares | 107,237 | |||||||||
CHINA MOBILE LIMITED | 33,000 | shares | 334,815 |
20
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
CHINA PETROL & CHEM H | 608,000 | shares | $ | 373,708 | ||||||||
CHINA RAILWAY CONS CORP LTD H | 236,000 | shares | 351,396 | |||||||||
CHINA TELECOM CORP LTD H | 292,000 | shares | 110,385 | |||||||||
CHURCH & DWIGHT CO INC | 6,579 | shares | 369,213 | |||||||||
CISCO SYSTEMS INC | 187,800 | shares | 3,061,140 | |||||||||
CITI (AU OPTRONICS) CWT | 522,700 | shares | 393,709 | |||||||||
CITI (COMPAL ELEC) ELN | 235,281 | shares | 123,766 | |||||||||
CITI (SILICONWARE) CWT | 174,989 | shares | 149,415 | |||||||||
CITRIX SYSTEMS INC | 50,000 | shares | 1,178,500 | |||||||||
CLARCOR INC | 81,700 | shares | 2,710,806 | |||||||||
CLIFFS NATURAL RESOURCES INC | 23,600 | shares | 604,396 | |||||||||
COCA COLA CO | 27,900 | shares | 1,263,033 | |||||||||
COGNEX CORP | 111,000 | shares | 1,642,800 | |||||||||
COLGATE-PALMOLIVE CO | 64,300 | shares | 4,407,122 | |||||||||
COMERICA INC | 48,000 | shares | 952,800 | |||||||||
COMMERCIAL METALS CO | 179,200 | shares | 2,127,104 | |||||||||
COMPASS GROUP PLC | 73,342 | shares | 368,176 | |||||||||
COMPLETE PRODUCTION SERVICES INC | 52,800 | shares | 430,320 | |||||||||
COMSTOCK RESOURCES INC NEW | 48,400 | shares | 2,286,900 | |||||||||
CONSOL ENERGY INC | 8,600 | shares | 245,788 | |||||||||
CONTINENTAL RES OKLA | 9,650 | shares | 199,852 | |||||||||
COPART INC | 15,967 | shares | 434,143 | |||||||||
CORE LABORATORIES NV | 4,234 | shares | 253,447 | |||||||||
CORNING INC | 141,100 | shares | 1,344,683 | |||||||||
CORPORATE EXECUTIVE BRD C | 77,000 | shares | 1,698,620 | |||||||||
CORRECTIONS CORP OF AMERICA | 20,997 | shares | 343,511 | |||||||||
COSTAR GROUP INC | 67,600 | shares | 2,226,744 | |||||||||
COSTCO WHOLESALE CORP | 40,700 | shares | 2,136,750 | |||||||||
COVIDIEN LTD | 121,600 | shares | 4,406,784 | |||||||||
CRACKER BARREL OLD CTRY ST INC | 30,600 | shares | 630,054 | |||||||||
CREDIT AGRICOLE SA | 65,282 | shares | 729,409 | |||||||||
CREDIT SUISSE GRP (REG) | 78,452 | shares | 2,193,534 | |||||||||
CRH PLC | 31,990 | shares | 797,517 | |||||||||
CSL LIMITED | 20,057 | shares | 480,681 | |||||||||
CULLEN FROST BANKERS INC | 41,900 | shares | 2,123,492 | |||||||||
CURTISS WRIGHT CORPORATION | 142,800 | shares | 4,768,092 | |||||||||
CVS CAREMARK CORP | 106,400 | shares | 3,057,936 |
21
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
CYTEC INDUSTRIES INC | 51,200 | shares | $ | 1,086,464 | ||||||||
DANAHER CORP | 41,100 | shares | 2,326,671 | |||||||||
DAVITA INC | 220,967 | shares | 10,953,334 | |||||||||
DELHAIZE GROUP | 7,300 | shares | 453,405 | |||||||||
DELL INC | 133,175 | shares | 1,363,712 | |||||||||
DELTA AIR INC | 29,000 | shares | 332,340 | |||||||||
DENBURY RESOURCES INC | 265,000 | shares | 2,893,800 | |||||||||
DEUTSCHE BANK AG (GERW) | 37,400 | shares | 1,521,870 | |||||||||
DEUTSCHE BOERSE AG | 9,495 | shares | 673,669 | |||||||||
DEUTSCHE TELEKOM AG (REGD | 125,572 | shares | 1,921,158 | |||||||||
DEUTSCHE (UNITDMC) CWT 144A | 261,965 | shares | 59,355 | |||||||||
DEVRY INC | 41,597 | shares | 2,388,084 | |||||||||
DIC CORP | 103,000 | shares | 212,301 | |||||||||
DICKS SPORTING GOODS INC | 9,340 | shares | 131,787 | |||||||||
DISCOVER FIN SVCS | 151,900 | shares | 1,447,607 | |||||||||
DISCOVERY COMM INC CL C NON-VO | 123,000 | shares | 1,646,970 | |||||||||
DISCOVERY COMMUNICATIONS CL A | 125,000 | shares | 1,770,000 | |||||||||
DISNEY (WALT) CO | 222,900 | shares | 5,057,601 | |||||||||
DOMINION RESOURCES INC VA | 44,400 | shares | 1,591,296 | |||||||||
DONALDSON CO INC | 24,100 | shares | 810,965 | |||||||||
DOVER CORP | 35,900 | shares | 1,181,828 | |||||||||
DRESS BARN INC | 44,699 | shares | 480,067 | |||||||||
DRIL-QUIP INC | 90,300 | shares | 1,852,053 | |||||||||
DSW INC CL A | 48,700 | shares | 606,802 | |||||||||
E.ON AG | 91,224 | shares | 3,623,484 | |||||||||
EADS NV | 42,850 | shares | 719,953 | |||||||||
EAST JAPAN RAILWAY CO | 50 | shares | 379,719 | |||||||||
EATON VANCE CORP NON VTG | 127,000 | shares | 2,668,270 | |||||||||
ECOLAB INC | 13,694 | shares | 481,344 | |||||||||
EDWARDS LIFESCIENCES CORP | 69,014 | shares | 3,792,319 | |||||||||
ELAN CORP PLC ADR | 80,600 | shares | 483,600 | |||||||||
ELECTRONIC ARTS INC | 214,800 | shares | 3,445,392 | |||||||||
EMCOR GROUP INC | 12,576 | shares | 282,080 | |||||||||
ENERGIZER HOLDINGS INC | 8,155 | shares | 441,512 | |||||||||
ENERGYSOLUTIONS INC | 171,700 | shares | 970,105 | |||||||||
ENERSYS INC | 62,700 | shares | 689,700 | |||||||||
ENI SPA | 51,500 | shares | 1,245,164 |
22
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
ENPRO INDUSTRIES INC | 23,900 | shares | $ | 514,806 | ||||||||
EOG RESOURCES INC | 38,900 | shares | 2,589,962 | |||||||||
EQUINIX INC | 6,648 | shares | 353,607 | |||||||||
EQUITABLE RESOURCES INC | 6,900 | shares | 231,495 | |||||||||
ERICSSON (LM) TELE CO CL B | 104,000 | shares | 819,042 | |||||||||
EXELON CORP | 136,800 | shares | 7,607,448 | |||||||||
EXPEDITORS INTL OF WASH | 28,736 | shares | 956,047 | |||||||||
EXTERRAN HLDGS INC | 89,697 | shares | 1,910,546 | |||||||||
F5 NETWORKS INC | 7,798 | shares | 178,262 | |||||||||
FAIRFAX FINL HLDGS LTD SUB VTG | 1,800 | shares | 576,970 | |||||||||
FASTENAL CO | 5,028 | shares | 175,226 | |||||||||
FEDEX CORP | 27,200 | shares | 1,744,880 | |||||||||
FINANCIAL FEDERAL CORP | 107,200 | shares | 2,494,544 | |||||||||
FIRST HORIZON NATIONAL CORP | 46,641 | shares | 491,596 | |||||||||
FIRST MIDWEST BANCORP DEL | 18,700 | shares | 373,439 | |||||||||
FIRSTENERGY CORP | 44,500 | shares | 2,161,810 | |||||||||
FMC CORP NEW | 68,700 | shares | 3,072,951 | |||||||||
FONDARIA SAI SPA | 7,200 | shares | 128,715 | |||||||||
FOOT LOCKER INC | 74,800 | shares | 549,032 | |||||||||
FOREST LABORATORIES INC | 39,900 | shares | 1,016,253 | |||||||||
FOREST OIL CORP | 35,800 | shares | 590,342 | |||||||||
FORTIS RTS | 42,400 | shares | 1 | |||||||||
FOSSIL INC | 82,900 | shares | 1,384,430 | |||||||||
FPL GROUP INC | 57,300 | shares | 2,883,909 | |||||||||
FRANCE TELECOM SA | 33,000 | shares | 924,167 | |||||||||
FREEPORT MCMORAN COPPER & | 50,900 | shares | 1,243,996 | |||||||||
FTI CONSULTING INC | 6,167 | shares | 275,542 | |||||||||
FUJITSU LTD | 147,000 | shares | 714,124 | |||||||||
FURUKAWA ELECTRIC CO LTD | 79,000 | shares | 373,557 | |||||||||
GAIAM INC CL A | 18,800 | shares | 86,856 | |||||||||
GAMESTOP CORP CL A | 20,204 | shares | 437,619 | |||||||||
GAP INC | 324,900 | shares | 4,350,411 | |||||||||
GATX CORP | 55,100 | shares | 1,706,447 | |||||||||
GAYLORD ENTERTAINMENT CO | 91,200 | shares | 988,608 | |||||||||
GDF SUEZ | 45,637 | shares | 2,251,577 | |||||||||
GEN PROBE INC | 11,834 | shares | 506,969 | |||||||||
GENENTECH INC | 73,000 | shares | 6,052,430 |
23
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
GENERAL ELECTRIC CO | 399,900 | shares | $ | 6,478,380 | ||||||||
GENESCO INC | 25,734 | shares | 434,647 | |||||||||
GENESEE & WYOMING CL A | 42,700 | shares | 1,302,350 | |||||||||
GENTEX CORP | 134,900 | shares | 1,191,167 | |||||||||
GENZYME CORP | 12,900 | shares | 856,173 | |||||||||
GEO GROUP INC | 27,547 | shares | 496,672 | |||||||||
GIBRALTAR INDUSTRIES INC | 23,900 | shares | 285,366 | |||||||||
GILDAN ACTIVEWEAR INC | 44,000 | shares | 517,440 | |||||||||
GILEAD SCIENCES INC | 160,200 | shares | 8,192,628 | |||||||||
GLAXOSMITHKLINE PLC | 157,202 | shares | 2,967,420 | |||||||||
GLOBAL PAYMENTS INC | 143,000 | shares | 4,688,970 | |||||||||
GOLDMAN SACHS GROUP INC | 51,400 | shares | 4,337,646 | |||||||||
GOODRICH PETRO CORP | 14,700 | shares | 440,265 | |||||||||
GOOGLE INC A | 29,800 | shares | 9,167,970 | |||||||||
GRACO INC | 93,400 | shares | 2,216,382 | |||||||||
GRAND CANYON EDUCATION INC | 105,000 | shares | 1,971,900 | |||||||||
GRANITE CONSTRUCTION INC | 47,300 | shares | 2,077,889 | |||||||||
GREIF INC CL A | 21,700 | shares | 725,431 | |||||||||
HAEMONETICS CORP MASS | 83,147 | shares | 4,697,806 | |||||||||
HALLIBURTON CO | 11,000 | shares | 199,980 | |||||||||
HANA FINANCIAL GROUP INC | 18,800 | shares | 290,261 | |||||||||
HARSCO CORP | 67,300 | shares | 1,858,826 | |||||||||
HBOS PLC | 495,048 | shares | 498,472 | |||||||||
HCC INSURANCE HOLDINGS INC | 14,000 | shares | 374,500 | |||||||||
HEALTHSPRING INC | 75,600 | shares | 1,509,732 | |||||||||
HEARTLAND EXPRESS INC | 118,166 | shares | 1,862,296 | |||||||||
HELMERICH & PAYNE INC | 7,900 | shares | 179,725 | |||||||||
HENRY (JACK) & ASSOC INC | 183,300 | shares | 3,557,853 | |||||||||
HERBALIFE LTD | 77,000 | shares | 1,669,360 | |||||||||
HESS CORP | 109,434 | shares | 5,870,040 | |||||||||
HEWLETT-PACKARD CO | 162,900 | shares | 5,911,641 | |||||||||
HEXCEL CORPORATION | 188,500 | shares | 1,391,130 | |||||||||
HITACHI LTD | 131,000 | shares | 507,980 | |||||||||
HITTITE MICROWAVE CORP | 11,806 | shares | 347,805 | |||||||||
HOLOGIC INC | 38,527 | shares | 503,548 | |||||||||
HONDA MOTOR CO LTD | 35,700 | shares | 759,735 | |||||||||
HONEYWELL INTL INC | 70,680 | shares | 2,320,424 | |||||||||
HORACE MANN EDUCATORS CORP | 123,500 | shares | 1,134,965 |
24
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
HORNBECK OFFSHORE SERVICES INC | 17,316 | shares | $ | 282,943 | ||||||||
HOST HOTELS & RESORTS INC | 96,500 | shares | 730,505 | |||||||||
HSBC HOLDINGS PLC (UK REG) | 134,500 | shares | 1,336,106 | |||||||||
IBERIABANK CORP | 3,400 | shares | 163,200 | |||||||||
ICAP PLC | 86,631 | shares | 363,459 | |||||||||
IDEX CORPORATION | 13,000 | shares | 313,950 | |||||||||
IDEXX LABS INC | 7,259 | shares | 261,905 | |||||||||
IHS INC | 97,000 | shares | 3,629,740 | |||||||||
II-VI INC. | 10,100 | shares | 192,809 | |||||||||
ILLUMINA INC | 15,698 | shares | 408,933 | |||||||||
IMMUCOR INC | 26,637 | shares | 708,011 | |||||||||
IMPERIAL OIL LTD | 12,000 | shares | 404,274 | |||||||||
INDUSTRIAL & COM BK OF CHINA H | 1,227,000 | shares | 645,927 | |||||||||
INDUSTRIAL BK KOR SP 144A | 12,500 | shares | 76,317 | |||||||||
INFORMATICA CORP | 213,500 | shares | 2,931,355 | |||||||||
INFOSYS TECH SPON ADR | 47,800 | shares | 1,174,446 | |||||||||
ING GROEP NV CVA | 49,800 | shares | 550,698 | |||||||||
INTEGRATED DEVICE TECH INC | 18,460 | shares | 103,561 | |||||||||
INTERACTIVE DATA CORP | 95,900 | shares | 2,364,894 | |||||||||
INTERMEC INC | 144,400 | shares | 1,917,632 | |||||||||
INTERSIL CORPORATION CL A | 189,400 | shares | 1,740,586 | |||||||||
INTL BUS MACH CORP | 18,500 | shares | 1,556,960 | |||||||||
INTUIT INC | 15,230 | shares | 362,322 | |||||||||
INVESCO LTD | 297,600 | shares | 4,297,344 | |||||||||
IRON MOUNTAIN INC | 65,600 | shares | 1,622,288 | |||||||||
ISHARES TR RUSL 2000 GR IN FD | 13,829 | shares | 703,343 | |||||||||
ISUZU MOTORS LTD | 166,000 | shares | 206,757 | |||||||||
ITRON INC | 9,727 | shares | 619,999 | |||||||||
ITT EDUCATIONAL SVCS INC | 2,010 | shares | 190,910 | |||||||||
JACK IN THE BOX INC | 44,400 | shares | 980,796 | |||||||||
JACOBS ENGINEERING GROUP INC | 11,402 | shares | 548,436 | |||||||||
JARDEN CORP | 100,000 | shares | 1,150,000 | |||||||||
JETBLUE AIRWAYS CORP | 81,000 | shares | 575,100 | |||||||||
JFE HOLDINGS INC | 30,000 | shares | 772,114 | |||||||||
JPMORGAN CHASE & CO | 76,770 | shares | 2,420,558 | |||||||||
JSC MMC NORILSK NICKL SPON ADR | 40,871 | shares | 257,487 | |||||||||
JULIUS BAER HLDG AG | 36,136 | shares | 1,354,253 |
25
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
KANSAS CITY SOUTHERN | 162,200 | shares | $ | 3,089,910 | ||||||||
KB FINANCIAL GROUP INC ADR | 13,300 | shares | 348,460 | |||||||||
KDDI CORP | 107 | shares | 748,912 | |||||||||
KENNAMETAL INC | 66,400 | shares | 1,473,416 | |||||||||
KEY ENERGY SERVICES INC | 84,200 | shares | 371,322 | |||||||||
KHD HUMBOLDT WEDAG INTL LTD | 12,300 | shares | 137,391 | |||||||||
KIMCO REALTY CORPORATION | 127,300 | shares | 2,327,044 | |||||||||
KINGFISHER PLC | 184,080 | shares | 362,648 | |||||||||
KIRBY CORP | 56,362 | shares | 1,542,064 | |||||||||
KNIGHT TRANSPORTATION INC | 22,300 | shares | 359,476 | |||||||||
KOHLS CORP | 29,200 | shares | 1,057,040 | |||||||||
KOPPERS HLDGS INC | 58,800 | shares | 1,271,256 | |||||||||
LABORATORY CORP OF AMER HLDGS | 6,636 | shares | 427,425 | |||||||||
LAGARDERE SCA (REG) | 16,800 | shares | 680,448 | |||||||||
LAM RESEARCH CORP | 127,707 | shares | 2,717,605 | |||||||||
LANDSTAR SYSTEM INC | 24,700 | shares | 949,221 | |||||||||
LAYNE CHRISTENSEN CO | 11,654 | shares | 279,813 | |||||||||
LAZARD LTD CL A | 2,990 | shares | 88,923 | |||||||||
LEAP WIRELESS INTL INC | 8,908 | shares | 239,536 | |||||||||
LEND LEASE CORP LTD | 54,400 | shares | 278,543 | |||||||||
LIFE TECHNOLOGIES CORP | 4,695 | shares | 109,440 | |||||||||
LILLY (ELI) & CO | 80,800 | shares | 3,253,816 | |||||||||
LKQ CORP | 22,262 | shares | 259,575 | |||||||||
LLOYDS BANKING GROUP PLC | 136,900 | shares | 251,720 | |||||||||
LOCKHEED MARTIN CORP | 90,800 | shares | 7,634,464 | |||||||||
LUFTHANSA AG (REGD) | 37,100 | shares | 579,818 | |||||||||
LUKOIL OIL CO SPONS ADR | 17,900 | shares | 592,490 | |||||||||
MACQUARIE GROUP LTD | 175,391 | shares | 213,287 | |||||||||
MACROVISION CORP | 160,000 | shares | 2,024,000 | |||||||||
MAGELLAN HLTH SVCS INC | 108,800 | shares | 4,260,608 | |||||||||
MAGNA INTL INC CL A SUB VTG | 8,400 | shares | 253,719 | |||||||||
MAN GROUP PLC | 375,905 | shares | 1,302,826 | |||||||||
MARATHON OIL CORP | 223,400 | shares | 6,112,224 | |||||||||
MARSH & MCLENNAN COS INC | 110,800 | shares | 2,689,116 | |||||||||
MARTEK BIOSCIENCES | 15,917 | shares | 482,444 | |||||||||
MARTIN MARIETTA MATERIALS | 17,500 | shares | 1,698,900 | |||||||||
MAX CAPITAL GROUP LTD | 204,200 | shares | 3,614,340 |
26
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
MAXIM INTEGRATED PRODUCTS | 163,700 | shares | $ | 1,869,454 | ||||||||
MCCORMICK & SCHMICK SEA RES | 52,600 | shares | 211,452 | |||||||||
MCDERMOTT INTL INC | 12,103 | shares | 119,578 | |||||||||
MCKESSON CORP | 95,200 | shares | 3,687,096 | |||||||||
MEDCO HEALTH SOLUTIONS INC | 70,100 | shares | 2,937,891 | |||||||||
MEDICINES CO | 109,100 | shares | 1,607,043 | |||||||||
MEDTRONIC INC | 140,600 | shares | 4,417,652 | |||||||||
MENTOR CORP MINN | 100,000 | shares | 3,093,000 | |||||||||
METHANEX CORP | 13,000 | shares | 146,380 | |||||||||
METLIFE INC | 43,000 | shares | 1,498,980 | |||||||||
METTLER-TOLEDO INTL INC | 3,375 | shares | 227,475 | |||||||||
MGE ENERGY INC | 11,700 | shares | 386,100 | |||||||||
MICHELIN CL B (REG) | 10,600 | shares | 556,205 | |||||||||
MICROS SYSTEMS INC | 25,576 | shares | 417,400 | |||||||||
MICROSEMI CORP | 53,559 | shares | 676,986 | |||||||||
MICROSOFT CORP | 763,500 | shares | 14,842,440 | |||||||||
MINDRAY MED INTL LTD SPON ADR | 91,300 | shares | 1,643,400 | |||||||||
MITSUBISHI CHEMICAL HLDGS | 158,000 | shares | 684,420 | |||||||||
MITSUBISHI CORP | 102,000 | shares | 1,391,855 | |||||||||
MITSUI & CO LTD | 206,200 | shares | 2,047,795 | |||||||||
MOHAWK INDUSTRIES INC | 50,000 | shares | 2,148,500 | |||||||||
MOLSON COORS BREWING CO B | 6,451 | shares | 315,583 | |||||||||
MONSANTO CO NEW | 77,000 | shares | 5,416,950 | |||||||||
MOOG INC CL A | 44,900 | shares | 1,641,993 | |||||||||
MOSAIC CO | 126,500 | shares | 4,376,900 | |||||||||
MSC INDU DIRECT CO CL A | 8,600 | shares | 316,738 | |||||||||
MSCI INC CL A | 108,800 | shares | 1,932,288 | |||||||||
MTN GROUP LTD | 33,000 | shares | 380,904 | |||||||||
MUNICH REINSURANCE (REG) | 12,388 | shares | 1,920,489 | |||||||||
MYLAN INC | 69,600 | shares | 688,344 | |||||||||
NATIONAL AUSTRALIA BANK | 16,521 | shares | 245,200 | |||||||||
NATIONAL CINEMEDIA INC | 182,000 | shares | 1,845,480 | |||||||||
NATIONAL CITY CORP (DELIST) | 954,050 | shares | 1,726,831 | |||||||||
NATIONAL GRID TRANSCO PLC | 132,959 | shares | 1,327,145 | |||||||||
NAVIGATORS GROUP INC | 4,200 | shares | 230,622 | |||||||||
NCR CORP | 21,956 | shares | 310,238 | |||||||||
NEPTUNE ORIENT LINES LTD | 151,000 | shares | 118,059 |
27
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
NESTLE SA (REG) | 83,640 | shares | $ | 3,261,552 | ||||||||
NESTLE SA REG ADR | 191,800 | shares | 7,614,460 | |||||||||
NETAPP INC | 150,000 | shares | 2,095,500 | |||||||||
NEUSTAR INC CL A | 209,000 | shares | 3,998,170 | |||||||||
NEW JERSEY RESOURCES CORP | 19,950 | shares | 785,033 | |||||||||
NEXEN INC | 36,920 | shares | 650,887 | |||||||||
NICE SYSTEMS LTD SPON ADR | 144,054 | shares | 3,236,893 | |||||||||
NII HOLDINGS INC | 36,700 | shares | 667,206 | |||||||||
NIKE INC CL B | 45,000 | shares | 2,295,000 | |||||||||
NINTENDO CO LTD | 3,400 | shares | 1,298,800 | |||||||||
NIPPON MINING HLDGS INC | 88,000 | shares | 366,646 | |||||||||
NIPPON TELEGRAPH & TELEPH | 224 | shares | 1,256,020 | |||||||||
NISSAN MOTOR CO LTD ORD | 220,000 | shares | 790,825 | |||||||||
NOBLE ENERGY INC | 32,100 | shares | 1,579,962 | |||||||||
NOKIA OYJ | 70,600 | shares | 1,113,144 | |||||||||
NORDEA BANK AB | 55,200 | shares | 385,718 | |||||||||
NORDSON CORP | 48,300 | shares | 1,559,607 | |||||||||
NORTHWEST NATURAL GAS CO | 22,900 | shares | 1,012,867 | |||||||||
NOVARTIS AG (REG) | 87,262 | shares | 4,360,171 | |||||||||
NOVO-NORDISK AS CL B | 26,376 | shares | 1,341,371 | |||||||||
NRG ENERGY INC | 59,475 | shares | 1,387,552 | |||||||||
NTT DOCOMO | 367 | shares | 721,775 | |||||||||
NUVASIVE INC | 13,285 | shares | 460,325 | |||||||||
NVIDIA CORP | 64,800 | shares | 522,936 | |||||||||
OCCIDENTAL PETROLEUM CORP | 163,100 | shares | 9,784,369 | |||||||||
OCEANEERING INTL INC | 53,367 | shares | 1,555,114 | |||||||||
ODYSSEY HEALTHCARE INC | 129,700 | shares | 1,199,725 | |||||||||
OIL STATES INTL INC | 18,400 | shares | 343,896 | |||||||||
OLIN CORP | 76,000 | shares | 1,374,080 | |||||||||
OM GROUP INC | 3,160 | shares | 66,708 | |||||||||
ONYX PHARMACEUTICALS INC | 75,900 | shares | 2,592,744 | |||||||||
OPTIONSXPRESS HLDGS INC | 178,600 | shares | 2,386,096 | |||||||||
ORACLE CORP | 73,100 | shares | 1,296,063 | |||||||||
ORBITAL SCIENCES CORP | 144,500 | shares | 2,822,085 | |||||||||
O'REILLY AUTOMOTIVE INC | 17,845 | shares | 548,555 | |||||||||
ORIENT EXPRESS HOTEL CL A | 46,000 | shares | 352,360 | |||||||||
ORIX CORP | 3,120 | shares | 171,604 |
28
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
OSI PHARMACEUTICALS INC | 96,900 | shares | $ | 3,783,945 | ||||||||
OTTER TAIL CORPORATION | 41,600 | shares | 970,528 | |||||||||
OWENS ILLINOIS INC | 60,800 | shares | 1,661,664 | |||||||||
OXFORD INDUSTRIES | 6,792 | shares | 59,566 | |||||||||
PAREXEL INTERNATIONAL CORP | 9,800 | shares | 95,158 | |||||||||
PATTERSON COMPANIES INC | 10,497 | shares | 196,819 | |||||||||
PEDIATRIX MEDICAL GROUP | 9,964 | shares | 315,859 | |||||||||
PENN VIRGINIA CORP. | 36,850 | shares | 957,363 | |||||||||
PEPSICO INC | 58,100 | shares | 3,182,137 | |||||||||
PERKINELMER INC | 12,128 | shares | 168,700 | |||||||||
PERRIGO CO | 21,549 | shares | 696,248 | |||||||||
PETROBRAS PN SPON ADR | 39,400 | shares | 964,906 | |||||||||
PETRO-CANADA | 43,400 | shares | 953,109 | |||||||||
PHILIP MORRIS INTL INC | 374,200 | shares | 16,281,442 | |||||||||
PIEDMONT NATURAL GAS | 44,700 | shares | 1,415,649 | |||||||||
PIMCO HI YIELD PORTFOLIO | 638,518 | shares | 3,518,235 | |||||||||
PLEXUS CORP | 72,200 | shares | 1,223,790 | |||||||||
PNC FINANCIAL SERVICES GRP INC | 31,700 | shares | 1,553,300 | |||||||||
POLYPORE INTL INC | 89,888 | shares | 679,553 | |||||||||
POOL CORP | 92,800 | shares | 1,667,616 | |||||||||
PRECISION CASTPARTS CORP | 16,300 | shares | 969,524 | |||||||||
PROGENICS PHARMACEUTICALS | 72,800 | shares | 750,568 | |||||||||
PSYCHIATRIC SOLUTIONS INC | 35,234 | shares | 981,267 | |||||||||
PTT PCL (FOR) | 41,800 | shares | 210,292 | |||||||||
QANTAS AIRWAYS LTD | 194,774 | shares | 364,291 | |||||||||
QBE INSURANCE GROUP LTD | 95,142 | shares | 1,746,311 | |||||||||
QUALCOMM INC | 268,000 | shares | 9,602,440 | |||||||||
QUANEX BUILDING PRODUCTS | 113,065 | shares | 1,059,419 | |||||||||
QUANTA SVCS INC | 16,499 | shares | 326,680 | |||||||||
QUICKSILVER RES INC | 149,000 | shares | 829,930 | |||||||||
RALCORP HOLDINGS | 24,800 | shares | 1,448,320 | |||||||||
RANGE RESOURCES CORP | 181,145 | shares | 6,229,577 | |||||||||
RAYMOND JAMES FINANCIAL INC. | 50,200 | shares | 859,926 | |||||||||
RAYTHEON CO | 38,200 | shares | 1,949,728 | |||||||||
RECKITT BENCKISER GROUP P | 56,791 | shares | 2,136,520 | |||||||||
RED ROBIN GOURMET BURGERS INC | 15,100 | shares | 254,133 | |||||||||
RELIANCE STEEL & ALUMINUM CO | 75,500 | shares | 1,505,470 |
29
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
RENAULT SA ORD | 26,100 | shares | $ | 676,195 | ||||||||
REPUBLIC SERVICES INC | 38,042 | shares | 943,061 | |||||||||
RESEARCH IN MOTION (USD) | 74,400 | shares | 3,019,152 | |||||||||
RESMED INC | 136,167 | shares | 5,103,539 | |||||||||
RESOURCES CONNECTION INC | 186,500 | shares | 3,054,870 | |||||||||
RIO TINTO PLC (REGD) | 21,554 | shares | 486,252 | |||||||||
RLI CORP | 6,900 | shares | 422,004 | |||||||||
ROCHE HLDGS GENUSSSCHEINE | 8,586 | shares | 1,307,860 | |||||||||
ROCHE HLDGS LTD SPON ADR | 13,600 | shares | 1,041,080 | |||||||||
ROFIN SINAR TECHNOLOGIES INC | 12,900 | shares | 265,482 | |||||||||
ROGERS CORP | 72,200 | shares | 2,004,994 | |||||||||
ROYAL BANK OF SCOTLAND GR | 828,281 | shares | 597,103 | |||||||||
ROYAL DUTCH SHELL PL CL A | 166,873 | shares | 4,417,419 | |||||||||
RUDDICK CORP | 10,000 | shares | 276,500 | |||||||||
RUSH ENTERPRISES INC CL A | 26,900 | shares | 230,533 | |||||||||
RWE AG | 7,380 | shares | 656,574 | |||||||||
SAMSUNG ELEC VTG GDR GDR | 800 | shares | 140,000 | |||||||||
SAMSUNG ELECTRON NVG GDS | 1,000 | shares | 105,250 | |||||||||
SANOFI-AVENTIS | 23,400 | shares | 1,503,847 | |||||||||
SBA COMM CORP CL A | 354,443 | shares | 5,784,510 | |||||||||
SCANSOURCE INC | 99,600 | shares | 1,919,292 | |||||||||
SCHERING PLOUGH CORP | 463,700 | shares | 7,896,811 | |||||||||
SCHLUMBERGER LTD | 83,300 | shares | 3,526,089 | |||||||||
SCHNITZER STEEL INDS INC CL A | 11,000 | shares | 414,150 | |||||||||
SCHWAB CHARLES CORP | 183,500 | shares | 2,967,195 | |||||||||
SEPRACOR INC | 170,500 | shares | 1,872,090 | |||||||||
SES SA A (LUX) | 44,418 | shares | 844,936 | |||||||||
SEVEN & I HOLDINGS CO LTD | 29,800 | shares | 1,001,819 | |||||||||
SHARP CORP | 102,000 | shares | 715,040 | |||||||||
SHIRE PLC SPON ADR | 29,680 | shares | 1,329,070 | |||||||||
SIGNATURE BANK | 33,265 | shares | 954,373 | |||||||||
SILGAN HOLDINGS INC | 20,739 | shares | 991,532 | |||||||||
SIMS METAL MANAGEMENT LTD ADR | 18,203 | shares | 226,081 | |||||||||
SKILLED HEALTHCARE GROUP CL A | 82,100 | shares | 692,924 | |||||||||
SOCIETE GENE PARIS CL A | 16,818 | shares | 845,599 | |||||||||
SOLERA HOLDINGS INC | 7,403 | shares | 178,412 | |||||||||
SOLVAY CL A | 6,800 | shares | 503,828 |
30
Hewlett-Packard Company 401(k) Plan
EIN: 94-1081436 PN: 004
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) (continued)
December 31, 2008
(c) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Description of Investment |
||||||||||||
(b) |
Including Maturity Date |
(e) |
||||||||||
Identity of Issue, Borrower, |
Rate of Interest, Collateral |
Current |
||||||||||
(a) | Lessor, or Similar Party |
Par, or Maturity Value |
Value |
|||||||||
Common stock (continued) | ||||||||||||
SONIC CORP | 94,400 | shares | $ | 1,148,848 | ||||||||
SONOSITE INC | 20,500 | shares | 391,140 | |||||||||
SONY CORP | 28,100 | shares | 614,093 | |||||||||
SOUTHWESTERN ENERGY CO | 49,600 | shares | 1,436,912 | |||||||||
SRA INTERNATIONAL INC CL A | 119,800 | shares | 2,066,550 | |||||||||
ST JUDE MEDICAL INC | 103,300 | shares | 3,404,768 | |||||||||
ST MARY LAND & EXPLORATION CO | 13,900 | shares | 282,309 | |||||||||
STANDARD BANK GROUP LTD | 13,511 | shares | 119,299 | |||||||||
STANDARD CHARTERED PLC | 50,109 | shares | 639,836 | |||||||||
STAPLES INC | 131,900 | shares | 2,363,648 | |||||||||
STATE BANK OF IND GD GDR | 3,700 | shares | 203,500 | |||||||||
STATE STREET CORP | 50,000 | shares | 1,966,500 | |||||||||
STATOIL HYDRO ASA | 133,236 | shares | 2,181,512 | |||||||||
STERICYCLE INC | 65,790 | shares | 3,426,343 | |||||||||
STERIS CORPORATION | 19,396 | shares | 463,370 | |||||||||
STORA ENSO AB R 1/10 VTG | 67,800 | shares | 522,705 | |||||||||
STRAYER EDUCATION INC | 14,131 | shares | 3,029,828 | |||||||||
SUEDZUCKER AG (BR) | 12,700 | shares | 192,806 | |||||||||
SUMITOMO MITSUI FINL GROUP | 180 | shares | 745,991 | |||||||||
SUPERIOR ENERGY SVCS INC | 69,900 | shares | 1,113,507 | |||||||||
SUSSER HOLDINGS CORP | 67,397 | shares | 895,706 | |||||||||
SVB FINL GROUP | 63,900 | shares | 1,676,097 | |||||||||
SVENSKA CELLULOSA AB CL B | 68,800 | shares | 586,656 | |||||||||
SYNGENTA AG (SWIT) | 4,689 | shares | 908,819 | |||||||||
TAIWAN SEMI (CITI) (ELN) 1/12 | 112,604 | shares | 152,462 | |||||||||
TARGET CORP | 11,500 | shares |