History Of Hewlett Packard

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Hewlett-Packard (HP), founded in 1947, is an American information technology corporation which provides technologies, products and services to companies and individuals in different sectors. HP is one of leading PC manufacturers and its main product lines include computers, data storage devices, software and imaging products
History
HP’s history started in 1939 in a garage in Palo Alto with and initial investment of USD538 from William Redington Hewlett and Dave Packard (See Figure 1). HP incorporated in 1947 and 10 years later it went public. The first financially successful project was a precision audio oscillator, Model HP200A (See Figure 2). One of the biggest buyers of oscillator was Walt Disney Productions. From the 1940s HP concentrated on making electronic test equipment. The main characteristic of HP instruments was sensitivity and accuracy. In 1960s HP started a partnership with Sony and Yokogawa Electric in Japan. In order to market HP products in Japan 2 companies founded a joint venture in 1963 (Yokogawa-Hewlett-Packard). In 1999 HP bought the share of Yokogawa. In 1968 HP introduced the first “Personal Computer” Hewlett-Packard 9100A (See Figure 4). During 1972-1979 HP introduced several high quality products like scientific electronic calculators. In 1984 HP started production of first inkjet and laser printers, developing them into successful single unit printer-scanner-copier-fax machines. In 2004 HP launched the DV 1000 Series, including HP Pavilion DV 1658 and HP Pavilion DV 1040. In 2006 HP started the campaign “The computer is personal again” in order to remind the fact that computer is a personal product. In 2011 HP announced that it will not participate in smartphone and tablet business, but will focus on s...

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...are by units of sale in personal computers market (16.2%). Its main competitors were Lenovo Inc. with 16.9%, Dell (11.6%), Acer (8.1%) and ASUS (6.3%).
HP is the largest vendor in printing and imaging market with over 42.5 % market share. Canon has the second biggest share (17.5%), Epson is in the third place with 14% share.
The profitability of HP and competitors is shown in Figure 13.
The President and CEO of HP Company is Meg Whitman, former CEO of eBay Inc. The Executive chairman of the company is Raymond J. Lane. HP operations are directed from headquarter in Palo Alto, California, USA.
HP Board of Directors has 12 members. They are elected annually. Board of directors has several committees:
 Audit Committee
 Technology Committee
 HR and Compensation Committee
 Nominating, Governance and Social Responsibility Committee
 Finance and Investment Committee

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