31 December 2016

Short History of HP




History of HP


Hewlett-Packard Company or HP (styled as hp) is an American multinational information technology corporation headquartered in Palo Alto, California, United States. It provides hardware, software and services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.

Bill Hewlett and Dave Packard graduated with degrees in electrical engineering from Stanford University in 1935. The company originated in a garage in nearby Palo Alto during a fellowship they had with a past professor, Frederick Terman at Stanford during the Great Depression. 

Terman was considered a mentor to them in forming Hewlett-Packard. In 1939, Packard and Hewlett established Hewlett-Packard (HP) in Packard's garage with an initial capital investment of US$538. Hewlett and Packard tossed a coin to decide whether the company they founded would be called Hewlett-Packard or Packard-Hewlett. HP incorporated on August 18, 1947, and went public on November 6, 1957.

1960 - HP partnered in the 1960s with Sony and the Yokogawa Electric companies in Japan to develop several high-quality products.

1966 - HP entered the computer market HP 2100 / HP 1000 series of minicomputers.

1970 - The HP 3000 was an advanced stack-based design for a business computing serve.

1972 - They introduced the world's first handheld scientific electronic calculator HP-35.

1984 - HP introduced both inkjet and laser printers for the desktop.

1986 - HP registered the HP.com domain name, making it the ninth Internet .com domain ever to be registered.

1989 - Apollo was acquired by Hewlett-Packard for US$476 million.

1995 - Convex Computer was acquired by Hewlett-Packard.

2001 - HP announced that an agreement had been reached with Compaq to merge the two companies.

2004 - HP released the DV 1000 Series.

2010 - Palm, Inc. and Hewlett-Packard announced that HP would be acquiring Palm for $1.2 billion in cash and debt.

2012 - HP announced plans to lay off approximately 27,000 employees, after posting a profit decline of 31% in the second quarter of 2012.

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