HP 2005 Annual Report Download - page 32
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These provisions, alone or together, could deter or delay hostile takeovers, proxy contests and
changes in control or management of HP. As a Delaware corporation, HP also is subject to provisions
of Delaware law, including Section 203 of the Delaware General Corporation Law, which prevents
some stockholders from engaging in certain business combinations without approval of the holders of
substantially all of HP’s outstanding common stock.
Any provision of our certificate of incorporation or bylaws or Delaware law that has the effect of
delaying or deterring a change in control of HP could limit the opportunity for our stockholders to
receive a premium for their shares of HP common stock and also could affect the price that some
investors are willing to pay for HP common stock.
ITEM 1B. Unresolved Staff Comments.
Not applicable.
ITEM 2. Properties.
As of October 31, 2005, we owned or leased a total of approximately 65 million square feet of
space worldwide. We believe that our existing properties are in good condition and are suitable for the
conduct of our business.
As of October 31, 2005, our sales and support operations occupied approximately 14 million
square feet. We own 39% of the space used for sales and support activities and lease the remaining
61%.
Our manufacturing plants, research and development facilities and warehouse and administrative
facilities occupied approximately 51 million square feet. We own 59% of our manufacturing, research
and development, warehouse and administrative space and lease the remaining 41%. Our plants are
equipped with machinery, most of which we own and which, in part, we developed to meet the special
requirements of our manufacturing processes. At the end of fiscal 2005, we were productively utilizing
the majority of the space in our facilities, while actively disposing of space we determined to be excess.
As indicated above, we have seven business segments: ESS, HPS, Software, PSG, IPG, HPFS, and
Corporate Investments. Because of the interrelation of these segments, a majority of these segments
use substantially all of the properties at least in part, and we retain the flexibility to use each of the
properties in whole or in part for each of the segments.
Our principal executive offices, including global headquarters, are located at 3000 Hanover Street,
Palo Alto, California, United States of America. The locations of our headquarters of geographic
operations at October 31, 2005 were as follows:
Headquarters of Geographic Operations
Americas Europe, Middle East, Africa Asia Pacific, including Japan
Houston, Texas Geneva, Switzerland Singapore
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