Is something counterfeit if original parts, in new case with cloned labels?

Recently I purchased a bit of industrial electronics. The case was in mint condition, all nicely labeled, which was surprising given it was 15 years old. Once opened up, rust and corrosion were found inside. A bit of research suggests the seller of this product, and many similar, gets new cases made up, with the Hewlett Packard labels, and logo. Does this make the product counterfeit, given that 95% of it, and the main electronics, are all genuine? Drkirkby (talk) 20:16, 1 January 2015 (UTC)