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HP Announces Number of Shares to be Issued to Its LYONs Holders Who Elect to Exercise Their Option
PALO ALTO, Calif., Oct. 12, 2000
Hewlett-Packard Company (NYSE: HWP) today
announced the number of shares to be issued to holders of its Liquid Yield Option
Notes (LYONs) who elect to exercise their option on Oct. 16, 2000.
Each LYON will be purchased, at the option of the holder, by the company for
a purchase price per LYON of $590.29. The company has previously informed note
holders that it has elected to pay the purchase price in shares of common stock.
In accordance with Section 3.08(e) of the Indenture governing the LYONs, the
number of shares of regular way common stock to be issued for each $1,000 principal
amount of securities is 6.69.
About HP
Hewlett-Packard Company -- a leading global provider of computing and imaging
solutions and services -- is focused on making technology and its benefits accessible
to individuals and businesses through simple appliances, useful e-services and
an Internet infrastructure that's always on.
HP has 86,000 employees worldwide and had total revenue from continuing operations
of $42.4 billion in its 1999 fiscal year. Information about HP and its products
can be found on the World Wide Web at http://www.hp.com/.
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be limited to specific geographic areas and may differ in other areas.
Information as stated in the release may or may not be in effect after
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In addition, the press releases may contain statements that are
forward-looking. These statements are based on current expectations as
of the date of a particular release. Actual results may differ materially
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