SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 10, 1996
HEWLETT-PACKARD COMPANY
(Exact name of registrant as specified in its charter)
California 001-04423 94-1081436
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3000 Hanover Street, Palo Alto, California 94304
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 857-1501
__________________________________________________________________________
(Former name or former address, if changed since last report)
Item 5. Other Events.
On July 10, 1996, Registrant announced that it would discontinue
manufacturing disk-drive mechanisms and cease operations of its Disk Memory
Division located in Boise, Idaho and Penang, Malaysia. The company also
stated that the actions would result in a pre-tax charge against earnings
of approximately $150 million in the company's 1996 fiscal third quarter,
which ends July 31.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
HEWLETT-PACKARD COMPANY
Dated: July 31, 1996 By: Robert P. Wayman,
Executive Vice President,
Finance and Administration
and Chief Financial Officer
