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Helping each other with life after HP and HPE. (Site last updated Apr 18, 2024)
Member-supported, independent, volunteer association of former U.S. HP/HPE employees and those in the process of leaving.
Summary re sale of Micro Focus to OpenText: If you acquired MFGP through the HPE spinoff, and accounted for it as HPE's outside tax counsel recommended in 2017-- therefore paying tax on a theoretical 2017 capital gain -- your net loss is ±$28.94 per "B" share. (However, for three employee purchase quarters in 2000 and eight quarters between 2007 and 2010, the net loss after the OpenText sale for those lots is somewhat higher -- ranging from $29.65 to $34.82 per "B" share.) Details: https://www.hpalumni.org/StockMicroFocus
Stock. You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts -- and may not have received cash payouts for Micro Focus or Perspecta.
Your accounts may be at employee stock purchase or option/incentive plan administrators, at transfer agents for spun-off companies, or at your brokerage. Perhaps old paper certificates.
Your current cost basis depends on when you acquired stock as companies were merged or spun out. Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS.
HPAA members have developed data and advice on HP/HPE-related stock -- including spreadsheets to verify your records or estimate cost basis for employee stock purchases. Start here: Stock Recovery and Cost Basis
We also have stock info for Agilent Autonomy Compaq DEC DXC EDS Keysight Micro Focus Perspecta Poly and Tandem
W-2s: Employers are required to either post W-2's online or put them in the mail by Jan 31. Member advice: Payroll and W-2
If dealing with possible layoff or considering retirement: Practical advice from HP/HPE alumni who have gone through past cycles – including action to quietly take now even if not expecting to leave. Leaving HP or HPE
Receive updates and ask questions about benefits and finance issues. If formerly a regular, direct U.S. employee of HP or HPE – or in the process of leaving – Join at no charge by sending an email.
Website: Key information from selected forum discussions is summarized on our website. No password required. Major sections: WFR/Leaving, Contacts, Benefits, Medicare, Stock, Pension, Job/Career, Website Index
Info for people from: Agilent Autonomy Compaq DEC DXC EDS Keysight Micro Focus Perspecta Tandem Other acquisitions and spinoffs
Benefits enrollment: Health coverage -- from company or otherwise Medicare for HP/HPE alumni
Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter
Even if not currently looking for a job, you need a strong, credible LinkedIn profile. Reconnect with people who know you and your work. Be found by recruiters. Be found by recruiting bots. Profile changes have been made without notification, making some look fake. LinkedIn Tips and Traps
Other popular topics: Discounts Social Security Verify Employment W-2/Payroll Wish I Had Known
If you worked in: Canada UK Other Countries
About the HPAA Question? Email: info@hpalumni.org
Helping each other with life after HP and HPE: Website Index Forums
Independent, member-supported volunteer association. Not officially endorsed or supported. © 2024 Hewlett-Packard Alumni Association, Inc. By using this site you accept these terms.