Amendment 1 Walter B. Hewlett Soliciting Materials
 

SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)

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HEWLETT-PACKARD COMPANY


(Name of Registrant as Specified In Its Charter)

 

WALTER B. HEWLETT, EDWIN E. VAN BRONKHORST AND THE WILLIAM R. HEWLETT REVOCABLE TRUST


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[Explanatory Note: this filing amends the Schedule 14A filed on 2/26/02 (entitled “The Case Against the HP/Compaq Merger”) to revise p. 20 of the filing so it reads in its entirety as follows.]


 

     
1   Includes Microsoft, Intel, HP, Compaq, Dell, IBM, and Gateway.
2   Compaq: Data includes all PCs, handhelds and workstations. Historical operating profit from Company filings and 1/28/02 Deutsche Bank research. 2002 projections for 1/28/02 Deutsche Bank research. HP: Data includes PCs for 1998-2000 and PC plus handhelds for 2001-2002. Historical operating profit from 10/2/01 Morgan Stanley research; projected 2002 values are from 2/13/02 Banc of America Securities research. IBM: Historical operating profit from company reports. 2002 projections from 11/1/01 Morgan Stanley research. Gateway: Operating profit from 4/7/00, 7/20/01, and 1/25/02 and Morgan Stanley research.
3   Dell: Operating profit margin for entire company from Dell website and 11/23/98, 10/18/99, 8/11/00, and 1/22/02 Morgan Stanley research. Total company operating profit margin applied to PC only revenue to find operating profit by year.
4   Microsoft: 1998-2001 operating margins for PC-related software and services based on company 10-K filings. Operating margins applied to reported revenue for Desktop applications and platforms.
5   Intel: 1998-2001 operating margins based on Intel Architecture Group operating margins from company filings and 1/15/02 press release. Margins applied to estimated desktop-specific revenue in 10/17/01 CIBC World Markets report. 2002 projection based on overall Intel revenue and operating profit growth from 1/16/02 Morgan Stanley research, applied to current estimated Intel revenue and operating profit in desktops.

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