HP Corporation .. Company overview and specialty
Hewlett-Packard, usually shortened to HP Corporation .was an American multinational information technology company headquartered in Palo Alto that developed and provided a variety of hardware components, as well as related software and services to consumers, small and medium-sized businesses (SMBs), and large corporations, including This includes clients in the government, health and education sectors.
Founded in a one-car garage in Palo Alto, California by Bill Hewlett and David Packard in 1939, the company initially produced a range of electronic testing and measuring equipment. HP Garage at 367 Addison Avenue is now an official California Historic Landmark and has been featured with a board called “The Birthplace of Silicon Valley.” “
The company secured its first major contract in 1938, providing testing and measuring tools for the production of the fantastic animated film Walt Disney Fantasia. This success led Hewlett and Packard to formally merge Hewlett-Packard on January 1,1939.
The company has grown into a multinational company that is highly respected for its products, management style and culture known as HP Way, which has been adopted by other companies. Business around the world. HP was the world’s leading PC manufacturer from 2007 through the second quarter of 2013, when Lenovo was ahead of HP. HP specializes in developing and manufacturing computing, data storage, network hardware, software design, and service delivery. The major product lines included personal computing devices, industry standard enterprise servers, related storage devices, network and software products, and a variety of printers and other imaging products.
HP directly marketed its products to households, SMBs, and businesses, as well as via online distribution, retail consumer electronics, office supplies, software partners, and major technology vendors. HP also provides services and guidance for its partner products and products.
Bill Hewlett and David Packard graduated with degrees in electrical engineering from Stanford University in 1935. The company was raised in a garage near Palo Alto during a fellowship with former professor Frederick Terman at Stanford during the Great Depression. They considered Terman a mentor in forming the Hewlett-Packard. In 1938, Packard and Hewlett began working part-time in a rented garage with an initial capital investment of $ 538, equivalent to $ 9,772 in 2019. In 1939, Hewlett and Packard decided to formalize their partnership. They tossed a coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. HP was incorporated on August 18, 1947, and went public on November 6, 1957. : 35,40,64,70,196
Among the many projects they worked on, the first financially successful product was a micro-audio oscillator known as the HP200A. Their innovation was to use a small incandescent lamp (known as a “pilot lamp”) as a temperature-dependent resistor in an important part of the circuit, a passive feedback loop that stabilizes the amplitude of the resulting sinusoidal waveform. This allowed them to sell the 200A for $ 89.40 when competitors were selling less stable oscillators for over $ 200. The Model 200 series generators continued in production at least until 1972 as the 200AB, still tube-based but improved in design over the years.
One of the company’s first clients was Bad Hawkins, chief sound engineer at Walt Disney Studios, who bought eight 200 billion audio oscillators (at $ 71.50 each) for use in the animated film Fantasia. HP at the end of 1939, its first full year in business, was $ 1,563 on revenue of $ 5,369.
They worked on anti-radar technology and proximity fuses for artillery shells during World War II, which allowed Packard (but not Hewlett) to be exempt from conscription. Hewlett served as an officer in the Army Signal Corps after being called up for active duty. In 1942, they built their first building on 395 Page Mill Road and received an Army-Navy “E” award in 1943. HP’s line of wartime products included a sound oscillator, wave analyzer, distortion analyzers, an acoustic signal generator, and a potentiometer. . 400A vacuum tube vacuum tube, use 200 people. : 54-60195
In 1947, the company was incorporated with Packard as president. He handed the presidency to Hewlett when he became chairman of the board in 1964, but remained the company’s CEO.
The company contracts during its career
On September 3, 2001, HP announced that it had reached an agreement with Compaq to merge the two companies. In May 2002, after passing the shareholder vote, HP formally merged with Compaq. Before that, plans were in place to standardize companies’ product teams and product lines.
Compaq already acquired Tandem Computers in 1997 and Digital Equipment Corporation in 1998. HP continues to support the Tandem Non Stop family and earlier digital equipment products PDP-11, VAX, and Alpha Server.
The merger happened after a proxy battle with Walter Bell’s son Hewlett, who objected to the merger. Compaq itself bought Tandem Computers in 1997 (started by former HP employees) and Digital Equipment Corporation in 1998. In following this strategy, HP has become a major player in desktops, laptops, and servers for many different markets. After the merger with Compaq, the new ribbon symbol “HPQ”, a mixture of the previous two characters, “HWP” and “CPQ”, has become to show the importance of the alliance as well as the main characters from Hewlett-Packard and Compaq. (The latter is known for its “Q” logo on all of its products).
In 2004 HP released the DV 1000 series, including the HP Pavilion dv 1658 and 1040 two years later. In May 2006, HP began its “PC Again” campaign. The campaign is designed to recreate the fact that the PC is a personal product. The campaign used viral marketing, cutting edge visuals, and its website (www.hp.com/personal). Advertisements have appeared on Pharrell, Petra Nemkova, Mark Burnett, Mark Cuban, Alicia Keys, Jay-Z, Gwen Stefani and Sean White. [Citation needed]
In January 2005, after years of poor performance, which included the failure of the HP Compaq merger, and disappointing earnings reports, the Board of Directors asked Fiorina to resign as the company’s president and CEO. After news of Fiorina’s departure, HP’s stock jumped 6.9 percent. Robert Wyman, HP’s chief financial officer, served as interim chief executive while the board of directors was formally looking for a replacement.
Mark Heard of NCR was appointed CEO and President, effective April 1, 2005. Heard was the first choice of the Board of Directors due to the NCR revival that occurred under his leadership.