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Short Take: HP distributes profit sharing

Hewlett-Packard distributed more than $228 million to 108,000 employees worldwide through its profit-sharing program, distributing some $10 million among 5,300 Oregon workers and $5 million among 2,900 employees in Vancouver, Washington. HP's net earnings for fiscal 1996 were $2.6 billion, compared with $2.4 billion in fiscal 1995. Net revenue increased 22 percent over 1995 to $38.4 billion.

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distributed more than $228 million to 108,000 employees worldwide through its profit-sharing program, distributing some $10 million among 5,300 Oregon workers and $5 million among 2,900 employees in Vancouver, Washington. HP's net earnings for fiscal 1996 were $2.6 billion, compared with $2.4 billion in fiscal 1995. Net revenue increased 22 percent over 1995 to $38.4 billion.