HP 2009 Annual Report Download - page 38

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, 2009, we owned or leased a total of approximately 77 million square feet of
space worldwide. We owned 45% of this space and leased the remaining 55%. Included in these
amounts are 10 million square feet of vacated space, of which 3 million square feet is leased to non HP
interests. We believe that our existing properties are in good condition and are suitable for the conduct
of our business.
As of October 31, 2009, HP core sales and support operations occupied approximately 12 million
square feet. We own 40% of the space used for sales and support activities and lease the remaining
60%.
HP core manufacturing plants, research and development facilities and warehouse and
administrative facilities occupied approximately 55 million square feet. We own 46% of our
manufacturing, research and development, warehouse and administrative space and lease the remaining
54%. 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 2009, we are
continuing to execute on our plan to reduce our real estate costs and increase our productive
utilization by consolidating several hundred HP core real estate locations worldwide.
As indicated above, we have seven business segments: Services, ESS, HP 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.
Principal Executive Offices
Our principal executive offices, including our global headquarters, are located at 3000 Hanover
Street, Palo Alto, California, United States of America.
Headquarters of Geographic Operations
The locations of our headquarters of geographic operations at October 31, 2009 were as follows:
Americas Europe, Middle East, Africa Asia Pacific
Houston, United States Geneva, Switzerland Singapore
Miami, United States Tokyo, Japan
Mississauga, Canada
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