Hewlett-Packard

This article is about the original company that existed from 1939 to 2015. For the current companies since 2015, see HP Inc. and Hewlett Packard Enterprise.
"HP Compaq" redirects here. For personal computers using this brand, see HP business desktops.
"H-P" redirects here. For similarly named topics, see HP (disambiguation).

Hewlett-Packard Company
Company typePublic
NYSE: HPQ (2002–2015)
Industry
FoundedJuly 2, 1939; 85 years ago (1939-07-02)
Founders
DefunctNovember 1, 2015; 9 years ago (2015-11-01)
FateSplit into HP Inc. and Hewlett Packard Enterprise
Successors
Headquarters
Palo Alto, California
37°24′49″N 122°08′42″W / 37.4136°N 122.1451°W / 37.4136; -122.1451
,
U.S.
Area served
Worldwide
ProductsList of Hewlett-Packard products
RevenueUS$104.3 billion
SubsidiariesList of subsidiaries

The Hewlett-Packard Company, commonly shortened to Hewlett-Packard (/ˈhjuːlɪt ˈpækərd/ HEW-lit PAK-ərd) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs), and fairly large companies, including customers in government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'".

The company won its first big contract in 1938 to provide the HP 200B, a variation of its first product, the HP 200A low-distortion frequency oscillator[1] for Walt Disney's production of the 1940 animated film Fantasia, which allowed Hewlett and Packard to formally establish the Hewlett-Packard Company on July 2, 1939.[2] The company grew into a multinational corporation widely respected for its products. HP was the world's leading PC manufacturer from 2007 until the second quarter of 2013, when Lenovo moved ahead of HP.[3][4][5] HP specialized in developing and manufacturing computing, data storage, and networking hardware; designing software; and delivering services. Major product lines included personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software, and a range of printers and other imaging products. The company directly marketed its products to households; small- to medium-sized businesses and enterprises, as well as via online distribution; consumer-electronics and office-supply retailers; software partners; and major technology vendors. It also offered services and a consulting business for its products and partner products.

In 1999, HP spun off its electronic and bio-analytical test and measurement instruments business into Agilent Technologies; HP retained focus on its later products, including computers and printers. It merged with Compaq in 2002, and acquired Electronic Data Systems in 2008, which led to combined revenues of $118.4 billion that year and a Fortune 500 ranking of 9 in 2009. In November 2009, HP announced its acquisition of 3Com,[6] and closed the deal on April 12, 2010.[7] On April 28, 2010, HP announced its buyout of Palm, Inc. for $1.2 billion.[8] On September 2, 2010, HP won its bidding war for 3PAR with a $33 a share offer ($2.07 billion), which Dell declined to match.[9]

On November 1, 2015, Hewlett-Packard was split into two separate companies. Its enterprise products and services business were spun-off to form Hewlett Packard Enterprise, while its personal computer and printer businesses became HP Inc.[10]

  1. ^ "History and Facts: The beginning". www.hpmemoryproject.org. Retrieved January 20, 2023.
  2. ^ "Innovation Gallery - Model 200B Audio Oscillator, 1939". Hewlett-Packard Enterprise. Archived from the original on September 22, 2023. Retrieved May 9, 2024.
  3. ^ Kobie, Nicole (January 14, 2013). "HP regains PC lead over Lenovo". PC Pro. Archived from the original on April 10, 2013. Retrieved April 27, 2013.
  4. ^ Montlake, Simon (July 11, 2013). "Lenovo Shares Jump As PC Shipments Overtake HP". Forbes.
  5. ^ "Gartner Says Worldwide PC Shipments Grew 1 Percent in Fourth Quarter of 2014" (Press release). Gartner. January 12, 2015. Retrieved October 7, 2020.
  6. ^ O'Brien, Chris (April 15, 2010). "HP's acquisitions cement company's No. 1 status". San Jose Mercury News. Retrieved April 17, 2022.
  7. ^ "HP Completes Acquisition of 3Com Corporation, Accelerates Converged Infrastructure Strategy" (Press release). Hewlett-Packard. April 12, 2010. Retrieved October 7, 2020.
  8. ^ Vance, Ashlee; Wortham, Jenna (April 28, 2010). "H.P. to Pay $1.2 billion for Palm". The New York Times.
  9. ^ "Dell gives up bidding war for 3Par Inc". Winston-Salem Journal. Associated Press. September 3, 2010. Archived from the original on January 26, 2012. Retrieved September 3, 2010.
  10. ^ Mukherjee, Supantha; Chan, Edwin (October 6, 2014). "Hewlett-Packard to split into two public companies, lay off 5,000". Reuters. Retrieved October 7, 2020.