HP Inc. (NYSE: HPQ) was established in 1939, formerly known as Hewlett-Packard Company, and changed to its current name in October 2015. It is headquartered in Palo Alto, California, and currently employs 55,000 full-time employees. , Hewlett-Packard (HP) is one of the world’s largest information technology (IT) companies. Its main competitors are IBM and Dell . Its main business is the production of printers, digital imaging, software, computers and information services.
Hewlett-Packard’s business is familiar to everyone, here is mainly to share with you the development history of HP.
- Hewlett-Packard was founded in 1939 by two Stanford University graduates, William Wheelett and David Pockard. They created Hewlett-Packard in their garage near Palo Alto, California, so they are known as “Garage Entrepreneurship”, and the garage has also been preserved as a monument designated by the California government.
- In 1943, Hewlett-Packard entered the field of microwave technology by developing a signal generator and radar jammer for the Naval Research Laboratory. In the Second World War, HP was recognized as a leader in the signal generator industry for its complete series of microwave test products.
- On August 18, 1947, HP was registered as a joint-stock company.
- In 1958, HP successfully acquired the company for the first time: FL Moseley (California), which is a manufacturer of high-quality graphic recorders. This acquisition marks HP’s entry into the plotter industry.
- In 1961, acquired Sanborn Corporation (Massachusetts) and entered the medical field. HP stock (original code: HWP) is officially listed on the New York Stock Market and Pacific Securities Market.
- In 1965, Hewlett-Packard acquired F&M Technology (Pennsylvania) and entered the field of analytical instruments.
- In 1966, HP designed the first computer product (HP 2116A).
- In 1967, Hewlett-Packard’s company based in Boeblingen, Germany launched a non-contact fetal heart rate monitor to determine the condition of the fetus during delivery.
- In 1968, the world’s first desktop scientific calculator HP 9100A came out. It is the predecessor of HP’s line of high-performance workstations today.
- In 1972, HP launched the first personal computing tool with epoch-making significance: HP-35 handheld scientific calculator, and eliminated engineering slide rules. Enter the computer field with HP 3000 microcomputer.
- In 1974, the first microcomputer based on 4K dynamic random access devices (DRAMs) was produced, which replaced the magnetic core.
- In 1980, HP launched its first personal computer product: HP-85.
- In 1982, the British Hewlett-Packard Company developed an e-mail system , which has become the first commercial wide area network based on microcomputers.
- In 1990, HP LaserJet III laser printer was launched.
- In 1994, HP produced the world’s brightest LED (light emitting diode) and launched the HP Color LaserJet color laser printer.
- In 1997, it acquired VeriFone, a leader in the electronic payment system industry, thereby enhancing HP’s e-commerce capabilities.
- In 1999, Hewlett-Packard Company divided the medical and measurement equipment businesses that are not part of information technology (IT) into Agilent Technologies.
- On May 1, 2002, Hewlett-Packard purchased Compaq Computer ($25 billion worth of shares) through shareholder voting.
- On July 25, 2006, Hewlett-Packard announced the acquisition of Mercury, a company known for its testing software WinRunner.
- In the fourth quarter of 2006, it surpassed Dell to become the world’s largest PC manufacturer.
- On August 26, 2008, Hewlett-Packard acquired EDS for $13.9 billion, making it the second largest IT service company in the world.
- On November 12, 2009, HP acquired 3Com for US$2.7 billion to compete with Cisco in the telecommunications field.
- On April 29, 2010, HP acquired Palm for US$1.2 billion to increase competition in the field of mobile handheld devices.
- On September 2, 2010, HP acquired data storage company 3Par for US$2.07 billion.
- On September 14, 2010, HP acquired the security software company ArcSight for US$1.5 billion. As of April 30, 2010, ArcSight’s annual revenue was US$181.4 million.
- On August 18, 2011, HP paid a cash price of 25.50 pounds (about 42.11 US dollars) per share, worth 7.09 billion pounds (11.7 billion US dollars). Acquired Autonomy Corp. (AUTNY, AU.LN), the second largest software company in the UK.
- On August 18, 2011, HP announced that it would cease production of TouchPad tablet computers and webOS smartphones, and plans to sell or spin-off the personal computer business.
- On October 28, 2011, HP announced that it would continue to retain the PC division.
- On December 9, 2011, the new president of HP announced that WebOS was open source.
- On October 6, 2014, HP issued a statement, splitting the company into two independent listed companies. The personal computer and printer businesses are independent, and the original HP brand name is used. As for the enterprise service business, the division is HP Enterprise. The partition operation will be completed in 2015. The original HP CEO Meg Whitman was transferred to HP Business CEO, with Pat Russo as the chairman; the original HP company was served by Dion Weisle as the CEO, and the chairman was Meg Whitman.
- On March 2, 2015, HP agreed to acquire Aruba Networks, a manufacturer of Wi-Fi network equipment, for approximately US$2.7 billion in cash.
- On November 2, 2015, Hewlett-Packard Company officially completed the spin-off, HPQ integrated printer and personal computer business, the newly established HPE ( Hewlett Packard Enterprise ) inherited the original HP cloud computing and server and other enterprise software/hardware solutions business.
- On November 5, 2019, American printer manufacturer Xerox (Xerox) issued an acquisition proposal to HP, which is more than three times the size of its own. On November 17, 2019, Hewlett-Packard (HP) stated that it was open to seeking an acquisition offer to Xerox, a US printer manufacturer, after HP rejected Xerox’s $33.5 billion cash and stock acquisition proposal, saying it was “seriously” undervalued The value of HP.
In 1979, the well-known American state activist Kissinger recommended Hewlett-Packard in a meeting with Deng Xiaoping. In 1985, China Hewlett-Packard Co., Ltd. was formally established. Hewlett-Packard Company is the first Sino-US high-tech joint venture directly introduced into China by the Ministry of Industry and Information Technology of China. In the course of 20 years of development, HP China has always maintained rapid business growth and is one of HP’s fastest growing subsidiaries in the world. Headquartered in Beijing, China Hewlett-Packard Company has established nine regional headquarters, 37 support service centers, more than 200 gold service outlets, HP Business School, HP IT Management School and HP Software Engineering School in China. It has more than 3000 employees. There are branches in Shanghai, Guangzhou, Shenyang, Nanjing, Xi’an, Wuhan, Chengdu, Shenzhen, etc. HP China has an HP global call center in Dalian and a production plant in Chongqing.