HP ( Hewlett Packard ) Company
Corporation year : 1939
Headquarter : California, US
Chairman : Chip Bergh
Present Head (CEO) : Enrique Lores
Chief Financial Officer : Steve Fieler
Company Introduction
Hewlett-Packard (HP) is an American multinational information technology company. It develops and provides
a wide variety of hardware components as well as software and related services to consumers, small- and
medium-sized businesses and large enterprises, including customers in the government, health and education
sectors.
Company History
The company was founded in 1939 in a one-car garage in Palo Alto by William “Bill” Redington Hewlett and
David “Dave” Packard, and initially produced a line of electronic test equipment.
Philosophy
Vision: To create technology that makes life better for everyone, everywhere — every person, every
organization, and every community around the globe.
Portfolio of Company; Products and Services it offers
HP’s major product lines included personal computing devices, enterprise and industry standard servers,
related storage devices, networking products, software and a diverse range of printers and other imaging
products. HP marketed its products to households, small- to medium-sized businesses and enterprises directly
as well as via online distribution, consumer-electronics and office-supply retailers, software partners and major
technology vendors.
Business in News
♦ In 2014, Hewlett-Packard announced plans to split the PC and printers business from its enterprise
products and services business. The split closed on November 1, 2015, and resulted in two publicly
traded companies: HP Inc. and Hewlett Packard Enterprise.
♦ HP ranked 109th on Fortune 500 Companies List in 2020.
♦ HP ranked 432nd on Forbes World's Largest Public Corporations List 2020.
♦ HP ranked 393rd on Forbes World's Best Employers List 2019.
♦ The company has committed $200 million over five or more years to develop water-based ink
technologies for printing digitally on corrugated packaging and textiles.
https://press.ext.hp.com/us/en/press-releases/2019/hp-announces-bold-industry-commitment-to-
sustainable-ink-innovation.html
♦ HP Inc., launched the world’s first notebook with ocean-bound plastics in Sep. 2019
https://press.ext.hp.com/us/en/press-releases/2019/hp-launches-worlds-first-pc-with-ocean-bound-
plastics.html
For more information you may visit company website: www.hp.com
Wednesday, April 14, 2021