Bill Hewlett and David Packard graduated with degrees in electrical
engineering from Stanford University in 1935. The company originated in a
garage. The Hewlett-Packard Company (commonly referred to as HP, was an American
multinational information technology company headquartered in Palo Alto,
California.
In 1938, Packard and Hewlett began part-time work in a rented garage with
an initial capital investment of US$538. In 1939 Hewlett and Packard decided to
formalize their partnership. They tossed a coin to decide whether the company
they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. HP
incorporated on August 18, 1947, and went public on November 6, 1957
HP was the world's leading PC manufacturer from 2007 to Q2 2013, at which
time Lenovo ranked ahead of HP. HP specialized in developing and manufacturing
computing, data storage, and networking hardware, designing software and
delivering services.
Hewlett-Packard has finalized its historic division into two companies,
with the launch of Hewlett Packard Enterprise (HPE) on the New York Stock
Exchange. Following the split, HP Incorporated (HP Inc.) will continue selling
PCs and printers, while HPE will focus on servers, storage, networking,
security, and corporate services. Meg Whitman, who served as the CEO of HP since
2011, has taken charge of the enterprise-focused business. Dion Weisler, the
former executive vice president of HP’s Printing and Personal Systems, has been
appointed as the president and CEO of HP Inc.
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