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<TITLE>Form S-8</TITLE>
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<P align=right><FONT face="Times New Roman, Times, Serif" size=1><B>As filed with the Securities and Exchange Commission
 on April 7, 2004<BR><BR>Registration No. 333-________</B></FONT></P>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549</FONT></H1>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>Form S-8</FONT></H1>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2>REGISTRATION STATEMENT<BR>Under<BR>THE SECURITIES ACT OF 1933</FONT></H1>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3><FONT size=3>HEWLETT-PACKARD COMPANY</FONT><BR><FONT size=1>(Exact name of issuer as specified in its charter)</FONT></FONT></H1>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Delaware<BR><FONT size=1>(State or Other Jurisdiction
 <BR>of Incorporation or Organization)</FONT></B></FONT></P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;<B>94-1081436&nbsp;<BR><FONT size=1>(I.R.S. Employer<BR>Identification
 No.)</FONT></B></FONT></P>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><B>3000 Hanover Street, Palo Alto, California 94304</B><BR></FONT><FONT face="Times New Roman, Times, Serif" size=1><B>(Address of Principal Executive Offices)(Zip Code)</B></FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=3><BR><BR><B>Digital Equipment (India) Limited 1999 Stock Option Plan<BR>Digital GlobalSoft Limited 2001 Stock Option Plan</B><BR></FONT><FONT face="Times New Roman, Times, Serif" size=1><B>(Full Title of the Plan)</B> </FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><BR><BR><B>ANN O. BASKINS<BR>Senior Vice President, General Counsel and Secretary<BR>3000 Hanover Street, Palo Alto, California 94304</B><BR></FONT><FONT face="Times New Roman, Times, Serif" size=1><B>(Name and address of agent for service)</B> </FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2><BR><BR><B>(650) 857-1501</B><BR></FONT><FONT face="Times New Roman, Times, Serif" size=1><B>(Telephone Number, including area code, of agent for service)</B></FONT></TD></TR>
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<TH colSpan=5><FONT face="Times New Roman, Times, Serif" size=2>CALCULATION OF REGISTRATION FEE</FONT>
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<TH><FONT face="Times New Roman, Times, Serif" size=1>Title of Securities to be<BR>Registered</FONT>
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<TH><FONT face="Times New Roman, Times, Serif" size=1>Amount to be<BR>Registered<SUP>(1)</SUP></FONT>
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<TH><FONT face="Times New Roman, Times, Serif" size=1>Average Offering<BR>Price per Share <SUP>(2)</SUP></FONT>
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<TH><FONT face="Times New Roman, Times, Serif" size=1>Aggregate Offering<BR>Price <SUP>(2)</SUP></FONT>
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<TH><FONT face="Times New Roman, Times, Serif" size=1>Amount of<BR>Registration Fee</FONT>
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<TD width="22%"><FONT face="Times New Roman, Times, Serif" size=2>Common Stock of Hewlett-Packard Company, $.01 par value per share to be issued under the Digital Equipment (India)&nbsp;Limited&nbsp;1999 Stock Option Plan</FONT></TD>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>466,148 shares</FONT></P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$15.37</FONT></P>
</TD>
<TD align=center width="21%">
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$7,164,560.14</FONT></P>
</TD>
<TD align=center width="17%">
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$907.75</FONT></P>
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<TD>&nbsp; </TD>
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<TD width="22%"><FONT face="Times New Roman, Times, Serif" size=2>Common Stock of Hewlett-Packard Company, $.01 par value per share to be issued under the Digital&nbsp;GlobalSoft Limited&nbsp;2001 Stock Option Plan</FONT></TD>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>827,155 shares</FONT></P>
</TD>
<TD align=center width="20%">
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$13.02</FONT></P>
</TD>
<TD align=center width="21%">
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$10,765,818.71</FONT></P>
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<TD align=center width="17%">
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$1,364.03 </FONT></P>
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<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>Total </FONT></TD>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>1,293,303 shares</FONT></P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$13.86</FONT></P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$17,930,378.85</FONT></P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2>$2,271.78</FONT></P>
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<P><FONT face="Times New Roman, Times, Serif" size=2><SUP><BR>(1)</SUP>&nbsp;&nbsp;&nbsp;&nbsp; This Registration
 Statement shall also cover any additional shares of Hewlett-Packard Company common stock that become
 issuable under the Digital Equipment (India) Limited 1999 Stock Option Plan and the Digital GlobalSoft
 Limited 2001 Stock Option Plan&nbsp;by reason of any stock dividend, stock split, recapitalization or
 other similar transaction effected without the Registrant's receipt of consideration which results in
 an increase in the number of the outstanding shares of Registrant's common stock.</FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><SUP>(2)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;Calculated solely
 for purposes of this offering under Rule 457(h) of the Securities Act of 1933, as amended, (the "Securities
 Act") on the basis of the weighted average exercise price of the outstanding options. </FONT></P>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2><B>PART II</B><BR><B>Information Required in the Registration Statement </B></FONT></H1>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 3.&nbsp;&nbsp;&nbsp;&nbsp; <U>Incorporation
 of Documents by Reference.</U></B> </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hewlett-Packard
 Company (&#147;Registrant&#148;) hereby incorporates by reference into this Registration Statement the following documents
 previously filed with the Securities and Exchange Commission (the &#147;Commission&#148;): </FONT></P>

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<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(a) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;Registrant&#146;s Annual Report on Form 10-K for the fiscal
 year ended October 31, 2003 filed with the Commission on January 20, 2004 pursuant to Section 13 of
 the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;); </FONT></P>
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<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>All other reports filed pursuant to Section 13(a) or
 15(d) of the Exchange Act since the end of the fiscal year covered by Registrant&#146;s Annual Report referred to
 in (a) above; and </FONT></P>
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<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>The description of Registrant&#146;s common stock contained in our
 registration statement on Form 8-A, and any amendment or report filed with the Commission for the purposes
 of updating such description. </FONT></P>
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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
 reports and definitive proxy or information statements filed pursuant to Section 13(a), 13(c), 14 or
 15(d) of the Exchange Act, after the date of this Registration Statement and prior to the filing of
 a post-effective amendment, which indicates that all securities offered hereby have been sold or which
 de-registers all securities then remaining unsold, shall be deemed to be incorporated by reference into
 this Registration Statement and to be a part hereof from the date of filing such documents. Unless expressly
 incorporated into this Registration Statement, a report furnished on Form 8-K shall not be incorporated
 by reference into this Registration Statement. Any statement contained in a document incorporated or
 deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes
 of this Registration Statement to the extent that a statement contained in any subsequently filed document
 which also is deemed to be incorporated by reference herein modifies or supersedes such statement. </FONT>
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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Description of Securities.</U> </FONT></H1>

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<P align=left><FONT face="Times New Roman, Times, Serif" size=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>Not applicable.</FONT>
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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>Interests of Named Experts and Counsel. </U></FONT></H1>

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<P align=left><FONT face="Times New Roman, Times, Serif" size=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>Not applicable<I>.</I></FONT>
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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 6.&nbsp;&nbsp;&nbsp;&nbsp; <U>Indemnification of Directors and Officers. </U></FONT></H1>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
 145 of the General Corporation Law of the State of Delaware authorizes a court to award or a corporation&#146;s
 board of directors to grant indemnification to directors and officers in terms that are sufficiently
 broad to permit indemnification under certain circumstances for liabilities (including reimbursement
 for expenses incurred) arising under the Securities Act. Our certificate of incorporation contains a
 provision eliminating the personal liability of our directors to Registrant or its shareowners for breach of
 fiduciary duty as a director to the fullest extent permitted by applicable law. Our bylaws provide for
 the mandatory indemnification of our directors and officers to the fullest extent permitted by Delaware
 law. Our bylaws also provide: </FONT></P>

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<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>that we may expand the scope of the indemnification
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>that we shall not be required to indemnify any director
 or officer unless the indemnification is required by law, if the proceeding in which indemnification
 is sought was brought by a director or officer, it was authorized in advance by our board of directors,
 the indemnification is provided by us, in our sole discretion pursuant to powers vested in us under
 the Delaware law, or the indemnification is required by individual contract. </FONT></P>
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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
 addition, our bylaws give us the power to indemnify our employees and agents to the fullest extent permitted
 by Delaware law. </FONT></P>

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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 7.&nbsp;&nbsp;&nbsp;&nbsp; <U>Exemption from Registration Claimed.</U> </FONT></H1>

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<P align=left><FONT face="Times New Roman, Times, Serif" size=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I>Not applicable<I>.</I></FONT>
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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 8.&nbsp;&nbsp;&nbsp;&nbsp; <U>Exhibits.</U> </FONT></H1>

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<TH colSpan=5><FONT size=1>Incorporated by Reference</FONT>
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<TH><FONT size=1>Exhibit<BR>Number</FONT>
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<TH><FONT size=1>Exhibit Description</FONT>
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<TH><FONT size=1>Form</FONT>
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<TH><FONT size=1>File No.</FONT>
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<TH><FONT size=1>Exhibit</FONT>
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<TH><FONT size=1>Filing Date</FONT>
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<TH><FONT size=1>Filed<BR>Herewith</FONT>
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<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 4.1</FONT></TD>
<TD width=330><FONT face="Times New Roman, Times, Serif" size=2>Digital Equipment (India) Limited 1999&nbsp;Stock Option Plan.</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;X</FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 4.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Digital GlobalSoft Limited 2001 Stock Option Plan</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;X</FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 5</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Opinion re legality.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;23.1 </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Consent of Counsel. Contained with the opinion filed as Exhibit 5 hereto and incorporated herein by reference.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;23.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Consent of Independent Auditors.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
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<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;24</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Power of Attorney (see signature page) of this Registration Statement and incorporated herein by reference.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
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<H1 align=left><FONT face="Times New Roman, Times, Serif" size=2>Item 9.&nbsp;&nbsp;&nbsp;&nbsp; <U>Undertakings. </U></FONT></H1>

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<TD align=right width="3%"><FONT face="Times New Roman, Times, Serif" size=2>A. </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>The undersigned hereby undertakes: </FONT></P>
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<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(1) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
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<P align=left><FONT face="Times New Roman, Times, Serif" size=2>to file, during any period in which offers or sales
 are being made, a post-effective amendment to this Registration Statement: </FONT></P>
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<TD align=right width="9%"><FONT face="Times New Roman, Times, Serif" size=2>(i) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="88%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>to include any prospectus required by Section 10(a)(3)
 of the Securities Act; </FONT></P>
</TD></TR>
</TABLE>

<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 3" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="9%"><FONT face="Times New Roman, Times, Serif" size=2>(ii) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="88%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>to reflect in the prospectus any facts or events arising
 after the effective date of this Registration Statement (or the most recent post-effective amendment
 thereof) which, individually or in the aggregate, represent a fundamental change in the information
 set forth in this Registration Statement&#151;notwithstanding the foregoing, any increase or decrease in
 volume of securities offered (if the dollar value of securities offered would not exceed that which
 was registered) and any deviation from the low or high end of the estimated maximum offering range may
 be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
 aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate
 offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective Registration
 Statement; and </FONT></P>
</TD></TR>
</TABLE>

<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 3" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="9%"><FONT face="Times New Roman, Times, Serif" size=2>(iii) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="88%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>to include any material information with respect to
 the plan of distribution not previously disclosed in this Registration Statement or any material change
 to such information in this Registration Statement;</FONT></P>
</TD></TR>
</TABLE>

<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="91%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>provided, however, that clauses (1)(i) and (1)(ii)
 shall not apply if the information required to be included in a post-effective amendment by those clauses
 is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of
 the Exchange Act that are incorporated by reference into this Registration Statement; </FONT></P>
</TD></TR>
</TABLE>

<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 2" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(2) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="91%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>that, for the purpose of determining any liability
 under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
 statement relating to the securities offered therein, and the offering of such securities at that time
 shall be deemed to be the initial bona fide offering thereof; and </FONT></P>
</TD></TR>
</TABLE>

<BR>
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<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(3) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="91%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>to remove from registration by means of a post-effective
 amendment any of the securities being registered which remain unsold at the termination of the Digital
 Equipment (India) Limited 1999 Stock Option&nbsp;Plan and the Digital GlobalSoft Limited 2001 Stock
 Option Plan.&nbsp;</FONT></P>
</TD></TR>
</TABLE>

<BR>
<!-- MARKER FORMAT-SHEET="Para (List) Hang Level 1" FSL="Default" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="3%"><FONT face="Times New Roman, Times, Serif" size=2>B. </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="94%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>The undersigned Registrant hereby undertakes that,
 for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s
 annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by
 reference into this Registration Statement shall be deemed to be a new registration statement relating
 to the securities offered therein, and the offering of such securities at that time shall be deemed
 to be the initial bona fide offering thereof. </FONT></P>
</TD></TR>
</TABLE>

<BR>
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<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR vAlign=top>
<TD align=right width="3%"><FONT face="Times New Roman, Times, Serif" size=2>C. </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="94%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2>Insofar as indemnification for liabilities arising
 under the Securities Act may be permitted to directors, officers or controlling persons of the Registrant
 pursuant to the indemnification provisions summarized in Item 6, or otherwise, the Registrant has been
 advised that, in the opinion of the Commission, such indemnification is against public policy as expressed
 in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
 against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
 director, officer or controlling person of the Registrant in the successful defense of any action, suit
 or proceeding) is asserted by such director, officer or controlling person in connection with the securities
 being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
 by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
 by it is against public policy as expressed in the Securities Act and will be governed by the final
 adjudication of such issue. </FONT></P>
</TD></TR>
</TABLE>


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<HR color=gray noShade SIZE=1>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2>SIGNATURES </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
 to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to
 believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
 Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Palo
 Alto, state of California, on April 7, 2004. </FONT></P>

<TABLE cellSpacing=0 cellPadding=0 width=600 border=0>
<TR vAlign=bottom>
<TH><FONT size=1></FONT></TH>
<TH><FONT size=1></FONT></TH></TR>
<TR vAlign=top>
<TD width=300><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD width=300><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Hewlett-Packard Company<BR><BR><BR><BR></FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>By:<U>&nbsp;&nbsp;&nbsp;/s/ Charles N. Charnas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charles N. Charnas<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vice President, Deputy General Counsel<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and Assistant Secretary</FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2></FONT></TD></TR>
</TABLE>


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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>KNOW
 ALL PERSONS BY THESE PRESENTS</B>, that the undersigned officers and directors of Hewlett-Packard Company,
 a Delaware corporation, do hereby constitute and appoint Ann O. Baskins and Charles N. Charnas, and
 each of them individually, the lawful attorneys-in-fact and agents with full power and authority to
 do any and all acts and things and to execute any and all instruments which such attorneys and agents,
 and any one of them, determine may be necessary or advisable or required to enable such corporation
 to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements
 of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting
 the generality of the foregoing power and authority, the powers granted include the power and authority
 to sign the names of the undersigned officers and directors in the capacities indicated below to this
 Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements
 to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction
 with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby
 ratifies and confirms that all such attorneys and agents, or any one of them, shall do or cause to be
 done by virtue hereof. This Power of Attorney may be signed in several counterparts. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN
 WITNESS WHEREOF</B>, each of the undersigned has executed this Power of Attorney as of the date indicated.
 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
 to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been
 signed below by the following persons on behalf of the Registrant in the capacities and on the dates
 indicated. </FONT></P>
<BR>
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<HR color=gray noShade SIZE=1>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR vAlign=bottom>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Signature</FONT></TH>
<TH align=center><FONT face="Times New Roman, Times, Serif" size=2>Title</FONT></TH>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date</FONT></TH></TR>
<TR>
<TD><FONT face="Times New Roman, Times, Serif" size=1>&nbsp;</FONT> </TD>
<TD><FONT face="Times New Roman, Times, Serif" size=1>&nbsp;</FONT> </TD>
<TD><FONT face="Times New Roman, Times, Serif" size=1>&nbsp;</FONT> </TD></TR>
<TR vAlign=top>
<TD width="34%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR><U>&nbsp;&nbsp;/s/ Carleton S. Fiorina &nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Carleton S. Fiorina&nbsp;<BR><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR><U>&nbsp;&nbsp;/s/ Robert P. Wayman&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Robert P. Wayman&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR><BR><U>&nbsp;&nbsp;/s/ Jon E. Flaxman&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Jon E. Flaxman&nbsp; <BR><BR><U>&nbsp;&nbsp;/s/ Lawrence T. Babbio, Jr.&nbsp;</U><BR>Lawrence T. Babbio,
Jr.<BR><BR><U>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Patricia C. Dunn<BR><BR><U>&nbsp;&nbsp;/s/ Richard A. Hackborn&nbsp; &nbsp;&nbsp;&nbsp;</U>
<BR>Richard A. Hackborn<BR><BR><U>&nbsp;&nbsp;/s/ George A. Keyworth II&nbsp;&nbsp;</U><BR>George A. Keyworth II<BR><BR><U>&nbsp;
&nbsp;/s/ Robert E. Knowling, Jr.&nbsp;</U><BR>Robert E. Knowling, Jr.</FONT></TD>
<TD width="33%"><FONT face="Times New Roman, Times, Serif" size=2>Chairman and Chief Executive<BR>Officer (Principal Executive <BR>Officer)<BR>
<BR>Executive Vice President<BR>Finance and Administration and<BR>Chief Financial Officer (Principal<BR>Financial Officer)<BR>
<BR>Senior Vice President and Controller <BR>(Principal Accounting Officer)<BR><BR><BR>Director <BR><BR><BR>Director <BR>
<BR><BR>Director <BR><BR><BR>Director <BR><BR><BR>Director </FONT></TD>
<TD width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>March 18, 2004<BR><BR><BR><BR>March 18, 2004<BR><BR>
<BR><BR>March 18, 2004<BR><BR><BR><BR>March 18, 2004<BR><BR><BR><BR><BR><BR>March 18, 2004<BR><BR><BR>March 18, 2004<BR><BR><BR>March 18, 2004</FONT></TD></TR>
</TABLE>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR vAlign=bottom>
<TH align=center><FONT face="Times New Roman, Times, Serif" size=1>&nbsp;</FONT></TH>
<TH align=center><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH>
<TH align=center><FONT face="Times New Roman, Times, Serif" size=1></FONT></TH></TR>
<TR vAlign=top>
<TD width="34%"><FONT face="Times New Roman, Times, Serif" size=2><U>&nbsp;&nbsp;/s/ Sanford M. Litvack&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>Sanford M. Litvack<BR><BR><U>&nbsp;&nbsp;/s/ Robert L. Ryan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</U><BR>Robert L. Ryan<BR><BR><U>&nbsp;&nbsp;/s/ Lucille S. Salhany&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Lucille S. Salhany </FONT></TD>
<TD width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>Director <BR><BR><BR>Director <BR><BR><BR>Director <BR></FONT></TD>
<TD width="33%"><FONT face="Times New Roman, Times, Serif" size=2><BR>March 18, 2004<BR><BR><BR>March 18, 2004<BR><BR><BR>March 18, 2004<BR><BR><BR><BR></FONT></TD></TR>
</TABLE>


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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=2><B>EXHIBIT INDEX </B></FONT></H1>

<TABLE cellSpacing=0 cellPadding=0 width=600 border=0>
<TR vAlign=bottom>
<TH><FONT size=1></FONT></TH>
<TH><FONT size=1></FONT></TH>
<TH colSpan=5><FONT size=1>Incorporated by Reference</FONT>
<HR width=250 color=black noShade SIZE=1>
</TH></TR>
<TR vAlign=bottom>
<TH><FONT size=1>Exhibit<BR>Number</FONT>
<HR width=35 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>Exhibit Description</FONT>
<HR width=300 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>Form</FONT>
<HR width=40 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>File No.</FONT>
<HR width=40 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>Exhibit</FONT>
<HR width=40 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>Filing Date</FONT>
<HR width=40 color=black noShade SIZE=1>
</TH>
<TH><FONT size=1>Filed<BR>Herewith</FONT>
<HR width=40 color=black noShade SIZE=1>
</TH></TR>
<TR vAlign=top bgColor=#cceeff>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 4.1</FONT></TD>
<TD width=330><FONT face="Times New Roman, Times, Serif" size=2>Digital Equipment (India) Limited 1999&nbsp;Stock Option Plan.</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;X</FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 4.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Digital GlobalSoft Limited 2001 Stock Option Plan</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width=45><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;X</FONT></TD></TR>
<TR vAlign=top bgColor=#cceeff>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp; 5</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Opinion re legality.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;23.1 </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Consent of Counsel. Contained with the opinion filed as Exhibit 5 hereto and incorporated herein by reference.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
<TR vAlign=top bgColor=#cceeff>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;23.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Consent of Independent Auditors.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
<TR vAlign=top>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;24</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Power of Attorney (see signature page) of this Registration Statement and incorporated herein by reference.</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>X</FONT></TD></TR>
</TABLE>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "HEWLETT PACKARD CO", "cik": "0000047217", "assigned-sic": "3570", "irs-number": "941081436", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-114255", "film-number": "04721211"}, "business-address": {"street1": "3000 HANOVER ST", "city": "PALO ALTO", "state": "CA", "zip": "94304", "phone": "4158571501"}, "mail-address": {"street1": "3000 HANOVER ST", "street2": "MS 20BL", "city": "PALO ALTO", "state": "CA", "zip": "94304"}}
Form S-8
As filed with the Securities and Exchange Commission
 on April 7, 2004
Registration No. 333-________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
HEWLETT-PACKARD COMPANY
(Exact name of issuer as specified in its charter)
Delaware
(State or Other Jurisdiction
of Incorporation or Organization)
94-1081436
(I.R.S. Employer
Identification
 No.)
3000 Hanover Street, Palo Alto, California 94304
(Address of Principal Executive Offices)(Zip Code)
Digital Equipment (India) Limited 1999 Stock Option Plan
Digital GlobalSoft Limited 2001 Stock Option Plan
(Full Title of the Plan)
ANN O. BASKINS
Senior Vice President, General Counsel and Secretary
3000 Hanover Street, Palo Alto, California 94304
(Name and address of agent for service)
(650) 857-1501
(Telephone Number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Securities to be
Registered
Amount to be
Registered
(1)
Average Offering
Price per Share
(2)
Aggregate Offering
Price
(2)
Amount of
Registration Fee
Common Stock of Hewlett-Packard Company, $.01 par value per share to be issued under the Digital Equipment (India) Limited 1999 Stock Option Plan
466,148 shares
$15.37
$7,164,560.14
$907.75
Common Stock of Hewlett-Packard Company, $.01 par value per share to be issued under the Digital GlobalSoft Limited 2001 Stock Option Plan
827,155 shares
$13.02
$10,765,818.71
$1,364.03
Total
1,293,303 shares
$13.86
$17,930,378.85
$2,271.78
(1)
This Registration
 Statement shall also cover any additional shares of Hewlett-Packard Company common stock that become
 issuable under the Digital Equipment (India) Limited 1999 Stock Option Plan and the Digital GlobalSoft
 Limited 2001 Stock Option Plan by reason of any stock dividend, stock split, recapitalization or
 other similar transaction effected without the Registrant's receipt of consideration which results in
 an increase in the number of the outstanding shares of Registrant's common stock.
(2)
Calculated solely
 for purposes of this offering under Rule 457(h) of the Securities Act of 1933, as amended, (the "Securities
 Act") on the basis of the weighted average exercise price of the outstanding options.
PART II
Information Required in the Registration Statement
Item 3.
Incorporation
 of Documents by Reference.
Hewlett-Packard
 Company ("Registrant") hereby incorporates by reference into this Registration Statement the following documents
 previously filed with the Securities and Exchange Commission (the "Commission"):
(a)
Registrant's Annual Report on Form 10-K for the fiscal
 year ended October 31, 2003 filed with the Commission on January 20, 2004 pursuant to Section 13 of
 the Securities Exchange Act of 1934, as amended (the "Exchange Act");
(b)
All other reports filed pursuant to Section 13(a) or
 15(d) of the Exchange Act since the end of the fiscal year covered by Registrant's Annual Report referred to
 in (a) above; and
(c)
The description of Registrant's common stock contained in our
 registration statement on Form 8-A, and any amendment or report filed with the Commission for the purposes
 of updating such description.
All
 reports and definitive proxy or information statements filed pursuant to Section 13(a), 13(c), 14 or
 15(d) of the Exchange Act, after the date of this Registration Statement and prior to the filing of
 a post-effective amendment, which indicates that all securities offered hereby have been sold or which
 de-registers all securities then remaining unsold, shall be deemed to be incorporated by reference into
 this Registration Statement and to be a part hereof from the date of filing such documents. Unless expressly
 incorporated into this Registration Statement, a report furnished on Form 8-K shall not be incorporated
 by reference into this Registration Statement. Any statement contained in a document incorporated or
 deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes
 of this Registration Statement to the extent that a statement contained in any subsequently filed document
 which also is deemed to be incorporated by reference herein modifies or supersedes such statement.
Item 4.
Description of Securities.
Not applicable.
Item 5.
Interests of Named Experts and Counsel.
Not applicable
.
Item 6.
Indemnification of Directors and Officers.
Section
 145 of the General Corporation Law of the State of Delaware authorizes a court to award or a corporation's
 board of directors to grant indemnification to directors and officers in terms that are sufficiently
 broad to permit indemnification under certain circumstances for liabilities (including reimbursement
 for expenses incurred) arising under the Securities Act. Our certificate of incorporation contains a
 provision eliminating the personal liability of our directors to Registrant or its shareowners for breach of
 fiduciary duty as a director to the fullest extent permitted by applicable law. Our bylaws provide for
 the mandatory indemnification of our directors and officers to the fullest extent permitted by Delaware
 law. Our bylaws also provide:
(i)
that we may expand the scope of the indemnification
 by individual contracts with our directors and officers, and
(ii)
that we shall not be required to indemnify any director
 or officer unless the indemnification is required by law, if the proceeding in which indemnification
 is sought was brought by a director or officer, it was authorized in advance by our board of directors,
 the indemnification is provided by us, in our sole discretion pursuant to powers vested in us under
 the Delaware law, or the indemnification is required by individual contract.
In
 addition, our bylaws give us the power to indemnify our employees and agents to the fullest extent permitted
 by Delaware law.
Item 7.
Exemption from Registration Claimed.
Not applicable
.
Item 8.
Exhibits.
Incorporated by Reference
Exhibit
Number
Exhibit Description
Form
File No.
Exhibit
Filing Date
Filed
Herewith
4.1
Digital Equipment (India) Limited 1999 Stock Option Plan.
X
4.2
Digital GlobalSoft Limited 2001 Stock Option Plan
X
5
Opinion re legality.
X
23.1
Consent of Counsel. Contained with the opinion filed as Exhibit 5 hereto and incorporated herein by reference.
X
23.2
Consent of Independent Auditors.
X
24
Power of Attorney (see signature page) of this Registration Statement and incorporated herein by reference.
X
Item 9.
Undertakings.
A.
The undersigned hereby undertakes:
(1)
to file, during any period in which offers or sales
 are being made, a post-effective amendment to this Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3)
 of the Securities Act;
(ii)
to reflect in the prospectus any facts or events arising
 after the effective date of this Registration Statement (or the most recent post-effective amendment
 thereof) which, individually or in the aggregate, represent a fundamental change in the information
 set forth in this Registration Statement—notwithstanding the foregoing, any increase or decrease in
 volume of securities offered (if the dollar value of securities offered would not exceed that which
 was registered) and any deviation from the low or high end of the estimated maximum offering range may
 be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
 aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate
 offering price set forth in the "Calculation of Registration Fee" table in the effective Registration
 Statement; and
(iii)
to include any material information with respect to
 the plan of distribution not previously disclosed in this Registration Statement or any material change
 to such information in this Registration Statement;
provided, however, that clauses (1)(i) and (1)(ii)
 shall not apply if the information required to be included in a post-effective amendment by those clauses
 is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of
 the Exchange Act that are incorporated by reference into this Registration Statement;
(2)
that, for the purpose of determining any liability
 under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
 statement relating to the securities offered therein, and the offering of such securities at that time
 shall be deemed to be the initial bona fide offering thereof; and
(3)
to remove from registration by means of a post-effective
 amendment any of the securities being registered which remain unsold at the termination of the Digital
 Equipment (India) Limited 1999 Stock Option Plan and the Digital GlobalSoft Limited 2001 Stock
 Option Plan.
B.
The undersigned Registrant hereby undertakes that,
 for purposes of determining any liability under the Securities Act, each filing of the Registrant's
 annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by
 reference into this Registration Statement shall be deemed to be a new registration statement relating
 to the securities offered therein, and the offering of such securities at that time shall be deemed
 to be the initial bona fide offering thereof.
C.
Insofar as indemnification for liabilities arising
 under the Securities Act may be permitted to directors, officers or controlling persons of the Registrant
 pursuant to the indemnification provisions summarized in Item 6, or otherwise, the Registrant has been
 advised that, in the opinion of the Commission, such indemnification is against public policy as expressed
 in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification
 against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a
 director, officer or controlling person of the Registrant in the successful defense of any action, suit
 or proceeding) is asserted by such director, officer or controlling person in connection with the securities
 being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled
 by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
 by it is against public policy as expressed in the Securities Act and will be governed by the final
 adjudication of such issue.
SIGNATURES
Pursuant
 to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to
 believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
 Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Palo
 Alto, state of California, on April 7, 2004.
Hewlett-Packard Company
By:
/s/ Charles N. Charnas
Charles N. Charnas
Vice President, Deputy General Counsel
and Assistant Secretary
POWER OF ATTORNEY
KNOW
 ALL PERSONS BY THESE PRESENTS
, that the undersigned officers and directors of Hewlett-Packard Company,
 a Delaware corporation, do hereby constitute and appoint Ann O. Baskins and Charles N. Charnas, and
 each of them individually, the lawful attorneys-in-fact and agents with full power and authority to
 do any and all acts and things and to execute any and all instruments which such attorneys and agents,
 and any one of them, determine may be necessary or advisable or required to enable such corporation
 to comply with the Securities Act of 1933, as amended, and any rules or regulations or requirements
 of the Securities and Exchange Commission in connection with this Registration Statement. Without limiting
 the generality of the foregoing power and authority, the powers granted include the power and authority
 to sign the names of the undersigned officers and directors in the capacities indicated below to this
 Registration Statement, to any and all amendments, both pre-effective and post-effective, and supplements
 to this Registration Statement, and to any and all instruments or documents filed as part of or in conjunction
 with this Registration Statement or amendments or supplements thereof, and each of the undersigned hereby
 ratifies and confirms that all such attorneys and agents, or any one of them, shall do or cause to be
 done by virtue hereof. This Power of Attorney may be signed in several counterparts.
IN
 WITNESS WHEREOF
, each of the undersigned has executed this Power of Attorney as of the date indicated.
Pursuant
 to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been
 signed below by the following persons on behalf of the Registrant in the capacities and on the dates
 indicated.
Signature
Title
Date
/s/ Carleton S. Fiorina
Carleton S. Fiorina
/s/ Robert P. Wayman
Robert P. Wayman
/s/ Jon E. Flaxman
Jon E. Flaxman
/s/ Lawrence T. Babbio, Jr.
Lawrence T. Babbio,
Jr.
Patricia C. Dunn
/s/ Richard A. Hackborn
Richard A. Hackborn
/s/ George A. Keyworth II
George A. Keyworth II
/s/ Robert E. Knowling, Jr.
Robert E. Knowling, Jr.
Chairman and Chief Executive
Officer (Principal Executive
Officer)
Executive Vice President
Finance and Administration and
Chief Financial Officer (Principal
Financial Officer)
Senior Vice President and Controller
(Principal Accounting Officer)
Director
Director
Director
Director
Director
March 18, 2004
March 18, 2004
March 18, 2004
March 18, 2004
March 18, 2004
March 18, 2004
March 18, 2004
/s/ Sanford M. Litvack
Sanford M. Litvack
/s/ Robert L. Ryan
Robert L. Ryan
/s/ Lucille S. Salhany
Lucille S. Salhany
Director
Director
Director
March 18, 2004
March 18, 2004
March 18, 2004
EXHIBIT INDEX
Incorporated by Reference
Exhibit
Number
Exhibit Description
Form
File No.
Exhibit
Filing Date
Filed
Herewith
4.1
Digital Equipment (India) Limited 1999 Stock Option Plan.
X
4.2
Digital GlobalSoft Limited 2001 Stock Option Plan
X
5
Opinion re legality.
X
23.1
Consent of Counsel. Contained with the opinion filed as Exhibit 5 hereto and incorporated herein by reference.
X
23.2
Consent of Independent Auditors.
X
24
Power of Attorney (see signature page) of this Registration Statement and incorporated herein by reference.
X