13G/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934
(Amendment No. 1)*


NaviSite, Inc.
(Name of Issuer)

Common Stock, par value $.01 per share
(Title of Class of Securities)

63935M109
(CUSIP Number)

August 26, 2003
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

  [_]   Rule 13d-1(b)

  [X]   Rule 13d-1(c)

  [_]   Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


CUSIP No. 63935M109 13G/A Page 2 of 6 Pages

1. Name of Reporting Persons.                                                      Hewlett-Packard Company

I.R.S. Identification No. of Above Person (Entities Only).    94-1081436
                    

2. Check the Appropriate Box If a Member of Group (See Instructions) (a) [X]
(b) [_]

3. SEC Use Only

4. Citizenship or Place of Organization

          State of Delaware



Number
Of Shares
Beneficially
Owned By
Each
Reporting
Person With
  5. Sole Voting Power
          -0-

 6. Shared Voting Power
          4,416,592

  7. Sole Dispositive Power
          -0-

8. Shared Dispositive Power
          4,416,592

9. Aggregate Amount Beneficially Owned by Each Reporting Person

          4,416,592 shares of Common Stock, par value $.01 per share

10. Check Box If the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
|_|

11. Percent of Class Represented by Amount in Row (9)

                   18%

12. Type of Reporting Person (See Instructions)

                    CO



CUSIP No. 63935M109 13G/A Page 3 of 6 Pages

1. Name of Reporting Persons.                                                        Hewlett-Packard Financial Services Company

I.R.S. Identification No. of Above Person (Entities Only).     76-0523923
                    

2. Check the Appropriate Box If a Member of Group (See Instructions) (a) [X]
(b) [_]

3. SEC Use Only

4. Citizenship or Place of Organization

          State of Delaware



Number
Of Shares
Beneficially
Owned By
Each
Reporting
Person With
  5. Sole Voting Power
          -0-

 6. Shared Voting Power
          4,416,592

  7. Sole Dispositive Power
          -0-

8. Shared Dispositive Power
          4,416,592

9. Aggregate Amount Beneficially Owned by Each Reporting Person

          4,416,592 shares of Common Stock, par value $.01 per share

10. Check Box If the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
|_|

11. Percent of Class Represented by Amount in Row (9)

                   18%

12. Type of Reporting Person (See Instructions)

                    CO


CUSIP No. 63935M109 13G/A Page 4 of 6 Pages


Item 1(a).   Name of Issuer.
     
    NaviSite, Inc.
     
Item 1(b).   Address of Issuer's Principal Executive Offices.
     
    400 Minuteman Road, Andover, MA 01810
     
Item 2(a).   Name of Person Filing.
     
    Hewlett-Packard Company
     
Item 2(b).   Address of Principal Business Office, or if None, Residence.
     
    3000 Hanover Street, Palo Alto, California 94304
     
Item 2(c).   Citizenship.
     
    State of Delaware
     
Item 2(a).   Name of Person Filing.
     
    Hewlett-Packard Financial Services Company
     
Item 2(b).   Address of Principal Business Office, or if None, Residence.
     
    420 Mountain Avenue, Murray Hill, New Jersey 07974
     
Item 2(c).   Citizenship.
     
    State of Delaware
     
Item 2(d).   Title of Class of Securities.
     
    Common Stock, par value $.01 per share
     
Item 2(e).   CUSIP Number.
     
    63935M109

CUSIP No. 63935M109 13G/A Page 5 of 6 Pages

Item 3.    
       
If this statement is filed pursuant to §§240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
       
  (a)  [_]      Broker or Dealer registered under Section 15 of the Act (15 U.S.C 78o);
  (b)  [_]      Bank as defined in Section 3(a)(6) of the Act (15 U.S.C 78c);
  (c)  [_]      Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C 78c);
  (d)  [_]      An Investment Company registered under Section 8 of the Investment Company
        Act of 1940 (15 U.S.C. 80a-8);
  (e)  [_]      An Investment Adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)  [_]      An Employee Benefit Plan or Endowment Fund in accordance with §240.13d-1(b)
         (1)(ii)(F);
  (g)  [_]      A Parent Holding Company or control person in accordance with §240.13d-1(b)
         (1)(ii)(G);
  (h)  [_]      A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act
         (12 U.S.C 1813);
  (i)  [_]      A church plan that is excluded from the definition of an investment company under
         Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C 80a-3);
  (j)  [_]      Group, in accordance with §240.13d-1(b)(1)(ii)(J)
       
Item 4.     Ownership.
       
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
  (a)    Amount Beneficially Owned:  4,416,592
  (b)    Percent of Class:  18%
  (c)    Number of Shares as to which such person has:
     (i)         sole power to vote or to direct the vote:   -0-
     (ii)         shared power to vote or to direct the vote:   4,416,592
     (iii)         sole power to dispose or to direct the disposition of:   -0-
     (iv)         shared power to dispose or to direct the disposition of:   4,416,592
       
            Instruction: For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
       
Item 5.     Ownership of Five Percent or Less of a Class.
       
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [_].
            Instruction: Dissolution of a group requires a response to this item.
                                                          Not Applicable
       
Item 6.     Ownership of More Than Five Percent on Behalf of Another Person.
                Not Applicable
       
Item 7.     Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on by the Parent Holding Company.

                Not Applicable

CUSIP No. 63935M109 13G/A Page 6 of 6 Pages

     
Item 8.     Identification and Classification of Members of the Group.
                Not Applicable
       
Item 9.     Notice of Dissolution of Group.
                Not Applicable
       
Item 10.     Certification.
                Not Applicable
       
       
       

SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

   
   
  HEWLETT-PACKARD COMPANY

Date:  September 2, 2003 By:    /s/ Charles N. Charnas   
  Name:   Charles N. Charnas
  Title:     Vice President, Deputy General Counsel and
                 Assistant Secretary
   
   
  HEWLETT-PACKARD FINANCIAL SERVICES
COMPANY

Date:  September 2, 2003 By:    /s/ Charles N. Charnas   
  Name:   Charles N. Charnas
  Title:     Assistant Secretary
   
   

        The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative (other than an executive officer or general part of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.