HP was founded by Bill Hewlett and Dave Packard in Their first product was an audio oscillator and one of their first customers Walt Disney. Disney used. Hewlett-Packard's history spans more than seven decades of innovation. HP's first acquisition, F. L. Moseley Company, a producer of high-quality graphic. Here is a look back at the history of HP, which grew from a garage in Palo Alto, California, to become the world's largest technology company.
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Their first product is the resistance-capacitance audio oscillator, a version of which was sold to the Walt Disney Co DIS.
HP Story - Profile, CEO, History, Founder, Founded | Software Companies | SuccessStory
In the s, it begins to benefit from U. The 10,square-foot office, laboratory and factory — with an open floor plan — is designed to be easily converted into a grocery store should the business fail to grow.
Moreover, PCs accounted for only 5. ByHP was the fastest-growing maker of PCs in the world, having initially targeted corporate customers. Throughout this revitalization of the company's PC lines, HP adopted a much more aggressive pricing policy.
Its market share soared, with the company leaping to third place in mid, edging out Dell Computer and trailing only Compaq Computer Corporation and IBM. ByHewlett-Packard derived hp company history HP's pursuit of personal computer prominence was problematic given that sector's relatively low margins, but Platt felt the company had to be a major player in PCs in order to remain one of the top computer companies in the world.
HP Computer Museum
Although Platt did not want HP to be "just" a peripherals company, the firm continued to churn out successful products in that area: HP hoped to combine a personal computer or other electronic device with a VeriFone-derived card reader and appropriate software to create a system with additional payment options for electronic commerce purchases.
Meantime, cofounder David Packard died on Hp company history 26, HP's revenues had been growing at an annual percent-plus clip from throughbut, inthese increases began to shrink. Hp company history the reasons for the decline were the Asian economic crisis; HP's slow response to opportunities presented by the explosion of the Internet; and falling prices for personal computers and computer peripherals.
In addition, HP's printer lines, especially in the inkjet area, were being buffeted by competition from hp company history, low-cost rivals and declining margins in the PC and printer areas were dragging down the profitability of HP as a whole.
Moreover, Compaq had its eye on an even bigger deal.
HP History Timeline - Growth | HPE
Digital, which became a subsidiary of Compaq, was a leading maker of high-end workstations and servers, giving Compaq an even greater presence in those markets. Digital also brought hp company history Compaq a 22,person service operation for large companies--computer services having been one of Compaq's weakest areas.
Areas of overlap began to be addressed, such as the folding of Digital's PC production into that of Compaq and the scaling back of Compaq's network equipment unit. However, it would take hp company history time before the full impact of this combination--at the time the largest merger in the relatively short history of computers--could be assessed.
Compaq's transformation from a PC company to a global IT--and Internet--leader accelerated duringbased on the vision of Hp company history Pfeiffer, "At Compaq, we envision a world where virtually all information is online and people can communicate, conduct commerce and securely access the information they need from anywhere at any time.
HP : Making it Matter
Compaq also announced that year the formation of Compaq. Capellas, who had joined the company in Capellas hp company history more layoffs and organized the company around three global businesses groups-Enterprise Solutions and Services, Commercial Personal Computing, and Consumer.
A restructuring plan was implemented to drive down costs and operating expenses.