HP

Type:	Public
Industry:	Computer & Information Technology
Founded:	1939
Founder(s):	Bill Hewlett Dave Packard
Headquarters:	Palo Alto, California
Country:	USA
Employees:	324,600
Revenue:	$125.6 billlion as of 2010
Website:	www.hp.com
Facebook:	HP
LinkedIn:	Hewlett Packard
Twitter:	@HP
Key People
Meg Whitman, President & CEO

Hewlett-Packard (HP) is an information technology company which offers a wide range of products, services and IT infrastructure solutions worldwide. The company serves more than 1 billion consumers located in 170 countries and employs more than 324,600 individuals. In 2010, HP ranked 11 at the Fortune 500 Ranking. HP also recorded a total revenue of $126 billion as of October 2011. It's headquarters is located in Palo Alto, California.

Timelime

The following historical events are based from Hewlett and Packard Company Interactive Historical Timeline.

• 1939- Bill Hewlett and Dave Packard, both students from Stanford University established the Hewlett and Packard Company in a rented garage at Palo Alto, California with an initial capital of $538 and a used drill press. HP's first product was an audio oscillator. Walt Disney Company was the first customer to purchase 8 HP Model 200B oscillators, which were used to show the animated film Fantasia in 1940.
• 1940- HP moved their operation and rented a building in Palo Alto and issued the first Christmas bonuses to their employees worth $5. The company adopted the production bonus, which became the foundation of the company's profit sharing program. The company also entered the microwave industry and built its first audio signal generator.
• 1947- The company was incorporated on August 18. Dave Packard became the president of the company while Bill Hewlett served as vice-president.
• 1950- HP invented the fast frequency counter
• 1956- The company manufactured its first oscilloscopes
• 1957- HP went public on November 6 with an initial public offering of $16 per share. Employees in the company with 6 month service received Stock grant and became eligible in the company's stock option program. The company also started building its new headquarters located at Stanford Industrial Park in Palo Alto.
• 1958- The company acquired F.L. Moseley Company. manufacturer of graphic recorders. The acquisition became the foundation of HP's printing business.
• 1959- HP started its international operation. The company built a manufacturing plant in Germany and established its marketing organization in Switzerland.
• 1960- The company was listed in the New York Stock Exchange under the ticker symbol HWP.
• 1961- The company acquired Sanborn Company and entered in the medical industry.
• 1962- HP ranked 460 in the Fortune 500 list.
• 1963- The HP 5100A frequency synthesizer was launched in the market. The product is used in deep-space vehicles. During the same year, the company signed a joint venture with the Yokogawa Company to enter the Asian Market. The Yokogawa-Hewlett Packard in Tokyo was formed.
• 1964- Dave Packard became Chairman and CEO of the company was Bill Hewlett was named president. The HP 5060A atomic clock was also introduced in the market. The product was the first accurate standard for international time.
• 1966- The company opened its HO Laboratories with Barney Oliver as the Founding Director. The company also introduced its first computer product, the HP 2116A.
• 1968- HP introduced HP 9100A, the first desktop scientific calculator
• 1969- Dave Packard was appointed as U.S. Deputy Secretary of Defense and served the country until 1972. Hewlett served as CEO of the company.
• 1970- HP became the world leader in laser interferometer market after inventing the laser interferometer capable of taking infinitesimal measurements.
• 1972- The company entered the computing business and introduced the HP 3000 distributed data processing.The HP-35, the first hand-held scientific calculator was also introduced,
• 1974- HP introduced the first minicomputer based on 4K dynamic random access memory chips (DRAM) and HP-65, the first programmable pocket calculator.
• 1975 - The electronics industry adopted the HP interface bus as an international standard to allow instruments to connect easily to a computer.
• 1977- Bill Young was appointed president of the company. Packard remained chairman and Hewlett as CEO of the company. The company also launched the wrist instrument,a digital wrist watch, calculator and personal calendar.
• 1979- HP foundation was established
• 1980- HP 85, the company's first personal computer was launched. The product has an input-out put module capable of communicating with other computers.
• 1981- HP 12 C, the world's first standard business calculator was introduced.
• 1982- The HP electronic mail system was introduced based on minicomputers. The company also introduced HP-75c, the first hand-held computer.
• 1883- HP-150 Touch Screen PC was launched. Bill Hewlett received the National Medal of Science Award.
• 1984- The HP Think Jet was introduced. The HP Laser Jet became the most famous persoal desktop laser printer.
• 1985- HP introduced the Reduced Instruction Set Computing (RISC)
• 1988- HP was listed in the Tokyo Stock Exchange
• 1991- The company revolutionized the color printing by introducing the HP Deskjet 500C
• 1992- Lew Platt became President and CEO of the company
• 1993- Dave Packard retired as Chairman of the company, 10 million HP Laser Jets were sold and the HP Omnibook 300 was introduced in the market.
• 1994- HP partnered with Intel in developing the 64-bit microprocessor, produced the brightest LED and introduced the HP OfficeJet personal printer-fax-copier
• 1999- Carly Fiorina became President and CEO
• 2002- The company introduced the nanotechnology; acquired Indigo to enhanced the company's digital publishing capability and merged with Compaq.
• 2004- The company ranked number 11 in the Fortune 500 List. The company's launched plasma and LCD flat-panel TVs and the HP Digital Entertainment Center.
• 2005- HP was named the Most Trusted Privacy Company in the United States and acquired Snapfish, an online photo service company
• 2006- Mark Hurd as named Chairman of the company. HP acquired VoodooPC, a high-end gaming company and the Mercury Interactive Corp., a software company
• 2007- The company introduced the Touch Smart PC, an all in one PC with a touch screen
• 2008- HP acquired the Electronic Data Service (EDS) Corp., a technology service company worth $13.9 billion
• 2009- The company acquired 3Com Corporation, a networking switching, routing and security solutions provider
• 2010- HP acquired Palm Inc.,a smart phone provider and ArcSight, a security and compliance management company
• 2011- Meg Whitman became President and CEO

Business Segments

Hewlett and Packard's business operation is divided into seven segments which include:

1. HP Services (HPS)
2. Enterprise Storage and Servers (ESS)
3. Software
4. Personal Systems Group (PSG)
5. Imaging and Printing Group (IPG)
6. HP Financial Services (HPFS)
7. Corporate Investment Services

Subsidiaries

HP operates globally and maintains offices in Latin America, Asia Pacific, Europe, Middle East and Africa. Its principal subsidiaries are also located worldwide. The following are some of HP's principal subsidiaries:

• Hewlett-Packard Puerto Rico
• Heartstream, Inc.
• Microsensor Technology, Inc.
• VeriFone, Inc.
• Hewlett-Packard Asia Pacific Ltd. (Hong Kong)
• Hewlett-Packard Caribe Ltd. (Cayman Islands)
• HP Computadores (Brazil)
• Hewlett-Packard Computer Products (Shanghai) Co., Ltd. (China)
• Hewlett-Packard Espanola, S.A. (Spain)
• Hewlett-Packard Europe B.V. (The Netherlands)
• Hewlett-Packard France
• Hewlett-Packard GmbH (Germany)
• Hewlett-Packard (India)
• Hewlett-Packard Italiana S.p.A. (Italy)
• Hewlett-Packard Japan, Ltd.
• Hewlett-Packard Korea Ltd.
• Hewlett-Packard Ltd. (U. K.)
• Hewlett-Packard (Malaysia) Sdn. Bhd.
• Hewlett-Packard (Manufacturing) Ltd. (Ireland)

Environment & Social Responsibility

One of the corporate objectives of HP which was implemented by its founders in 1957 is, "to meet the obligations of good citizenship by making contributions to the community and to the institutions in the society which generate the environment in which we operate." In 1969, the company updated this objective and emphasized its commitment to help solve environmental problems particularly traffic and pollution.

In 1972, HP adopted its own corporate policy to protect the environment and control all types of pollution within its manufacturing facilities. Some of its environmental initiatives include buildings its own waste water treatment facility in Palo Alto, installation of solar heating site to reduce electricity consumption and implementation of worldwide recycling program. In 1991, the company adopted and expanded Health and Environmental Safety Policy.It stopped using ozone depleting chemical in manufacturing its products. In 2003, HP opened an inkjet recycling facility in Germany.In 2008, it collected 3.5 million units of hardware to be refurbished for resale or donation. The company also implements a Dynamic Smart Cooling Solution capable of saving 45% of data center of cooling costs and as much as 18,000 metric tons of carbon dioxide per year. In 2010, the HP Flexible Data Center was introduced. It is a standard and modular approach to design and build a data center that is expandable when needed. Its configuration and air-cooled mechanical system is capable of lowering energy and water consumption.Since 1957 until today, HP implemented numerous initiatives to help preserve the environment.

Awards & Recognition

Since its establishment Hewlett & Packard Company received numerous awards and recognition. Some of these include:

• Yokogawa-Hewlett Packard won the Deming Prize for quality in 1982.
• IEEE Corporate Innovations Award in 1989 for the development of scientific pocket calculator and in 2004 for the thermal inkjet technology.
• IEEE Milestone in Electrical Engineering and Computing Award in 2009 for the development of HP-35 scientific calculator which was introdued by the company in 1972.
• China Hewlett-Packard Co. received the 2011 Most Respected Companies in China
• Recognized as Canada's Greenest Employer
• HP Ranked No. 2 at the Newsweek 2011 Green Rankings out top 500 U.S. companies. It is also included in the Top 15 Global 500 List
• Recognized as one of the Top 12 Green IT Vendors Award for 2010
• Recognized as one of the Most Trusted Companies for Privacy in 2010 by the Ponemon Institute

A complete list of the awards received by HP can be found on this link...Awards

Controversies

The Boardroom Spy Scandal

In 2006, former HP Chairperson Patricia Dunn and some officials of the company initiated an internal investigation to find out who leaked the details of the board of directors meeting regarding HP's long term strategic plan, which was published by CNET News.com. The private investigation firm hired by the company used pre-texting, a practice which used by the investigators by impersonating a person of interest to be able to access his or her sensitive information such as telephone records. The issue became controversial when HP Board of Director Tom Perkins resigned from the company because of the mishandling of the internal investigation. In his resignation letter, he emphasized that he is resigning to "protest the questionable ethics and the dubious legality of the chairman's methods" to find out the source of the leak of information. Perkins disclosed his resignation to the public when HP's Chief Legal Counsel ignored his communications regarding his request to amend the company's Securities and Exchange Commission (SEC) filing and include the full details of the reasons why he resigned from the company. He also pointed out that the HP's form-8K filed with the SEC on May 22, 2006 was defected and requested the company to file his letter including its attachments with the SEC as mandated by Item 5.02(a)(3)(iii).

HP Board of Director George Keyworth II, who was the source of the leak resigned while Chairman Patricia Dunn stepped down from her position but remained as member of the Board. California Attorney General Bill Lockyer filed criminal charges against former Chairman Patricia Dunn, Kevin Hunsaker, former HP chief legal counsel, Ronald DeLia, private detective, Joseph DePante, owner of Action Research Group and Brian Wagner, employee of the Action Research Group. The felony charges include fraudulent wire communications, wrongful use of computer data, identity theft and conspiracy to commit the crimes. Dunn pleaded not guilty on the charges filed against her.

On the other hand, the Securities and Exchange Commission and the Federal Communications Commission also conducted a formal investigation regarding HP's leak investigation. The House of Representatives' Energy and Commerce Committee also conducted an investigation and questioned Dunn regarding the pre-texting scandal. During the Congress inquiry, Dunn said that she didn't know that pre-testing is illegals and involved misrepresentation of identity.

In 2007, the court dismissed the charges filed against her in connection with the boardroom spy scandal while Hunsaker, DeLia and DePante were found guilty of one count of fraudulent wire communications and were ordered to complete 96 hours of community service. The case filed against them will be dismissed after completion of the community service.

Attorney General Lockyer also planned to file a civil charges against HP in connection with the spy scandal however the company made an out of court settlement with the Attorney General's Office. HP agreed to pay $14.5 million. According to the Attorney General HP also agreed to adopt corporate governance reforms and to provide funding for the enactment of a new law to fight violations of privacy and intellectual-property rights.

Institute of Electrical and Electronics Engineers