HP Inc., founded in 1939 by Bill Hewlett and Dave Packard, grew from a garage startup into a global technology leader known for printers, PCs, and corporate innovations. The company underwent major transformations including the 2002 Compaq merger, 2015 split into HP Inc. and Hewlett Packard Enterprise, and continued evolution in the modern era.
Bill Hewlett and Dave Packard founded Hewlett-Packard in a garage in Palo Alto, California, with an initial investment of $538. The company's first product was the HP 200A audio oscillator. #founding #tech
Hewlett-Packard was incorporated on August 18, 1947, transitioning from a partnership to a corporation. This allowed for easier expansion and capital raising. #corporate
Hewlett-Packard had its initial public offering (IPO) on the New York Stock Exchange on November 6, 1957. The stock was priced at $16 per share and raised $5.5 million. #finance
HP made its first acquisition, purchasing F.L. Moseley Co., a graphic recorder manufacturer. This marked the beginning of HP's growth through acquisitions. #acquisition
HP founded HP Labs, its central research arm, to drive innovation. HP Labs would later produce breakthroughs in inkjet printing, RISC computing, and more. #research #innovation
HP introduced the HP 9100A, one of the first scientific desktop calculators, which could compute transcendental functions. It was a precursor to personal computers. #calculator #tech
HP launched the HP 35, the first handheld scientific calculator. It revolutionized engineering and science by making complex calculations portable. #calculator #innovation
HP introduced the HP 3000 minicomputer, a business-oriented system with a time-sharing operating system. It became a key product for enterprise markets. #computing #enterprise
HP released the HP 9845 desktop computer, one of the first with a built-in display and BASIC programming language. It targeted technical and scientific users. #pc #tech
HP launched the LaserJet printer, using Canon laser engine technology. It became a dominant force in desktop printing, generating billions in revenue. #printer #technology
HP introduced the DeskJet inkjet printer, bringing affordable color printing to homes and offices. It became one of the best-selling printer lines. #printer #innovation
HP released the HP 95LX, a DOS-based palmtop personal computer. It was an early handheld PC, foreshadowing mobile computing. #mobile #computing
HP shipped its 10 millionth inkjet printer. The company's printing division became a major profit center and dominated the market for decades. #printing #milestone
HP introduced the HP 9000 server line using its PA-RISC processors. These servers became popular in enterprise environments. #servers #enterprise
HP spun off its test and measurement, medical, and chemical analysis businesses into Agilent Technologies. This allowed HP to focus on computers and imaging. #spinoff #corporate
Carly Fiorina became HP's CEO, the first woman to lead a top-20 U.S. company. She oversaw the controversial merger with Compaq. #leadership #ceo
HP merged with Compaq in a deal valued at $25 billion, creating the world's largest PC maker. The merger faced shareholder opposition but ultimately closed. #merger #corporate
HP's board ousted Carly Fiorina as CEO due to poor performance and the aftermath of the Compaq merger. Mark Hurd succeeded her. #leadership #change
HP was embroiled in a scandal over using pretexting (false pretenses) to obtain phone records of board members and journalists. The company paid a $14.5 million settlement. #scandal #ethics
HP acquired EDS for $13.9 billion to expand its IT services business. This positioned HP as a major competitor to IBM in services. #acquisition #itservices
HP acquired Palm for $1.2 billion to gain its webOS mobile operating system. HP aimed to compete in smartphones and tablets. #mobile #acquisition
HP announced it would discontinue its webOS hardware, including the TouchPad tablet and Pre smartphones, after poor sales. This marked a major failure in mobile. #mobile #failure
Meg Whitman became HP's CEO, succeeding Léo Apotheker. She led HP through a major restructuring and eventual split. #leadership #ceo
HP took an $8.8 billion writedown due to alleged accounting improprieties at Autonomy, a software company acquired in 2011. This led to legal battles. #accounting #scandal
HP announced it would split into HP Inc. (PCs and printers) and Hewlett Packard Enterprise (servers, software, services) to improve agility. #corporate #restructuring
The split of Hewlett-Packard into HP Inc. and Hewlett Packard Enterprise became effective on November 1, 2015. HP Inc. continued the PC and printing business. #split #corporate
HP Inc. acquired Samsung's printer business for $1.05 billion to strengthen its position in the A3 copier market and printing technology. #acquisition #printing
HP Inc. reported its first year of revenue growth in several years, driven by strong PC sales and printing innovation. #financials #growth
HP Inc. announced a restructuring plan to cut up to 9,000 jobs over three years to reduce costs and streamline operations amid declining printer demand. #restructuring #jobs
Xerox launched a hostile takeover bid for HP Inc., offering $33 billion. HP's board repeatedly rejected the bid, and the attempt was eventually abandoned. #takeover #corporate
HP Inc. withdrew its financial guidance due to uncertainty from the COVID-19 pandemic. The company shifted to remote work and saw demand for home printing and PCs surge. #pandemic #financials
HP Inc. announced plans to return $16 billion to shareholders through dividends and buybacks over three years, reflecting strong cash flow. #finance #shareholders
HP Inc. introduced HP+, a subscription-based printing service with cloud connectivity, and expanded its Instant Ink program, cementing its move to a services model. #services #printing
HP Inc. acquired Poly, a maker of audio and video collaboration devices, for $3.3 billion to strengthen its hybrid work solutions portfolio. #acquisition #hybridwork )
HP Inc. reported fiscal fourth-quarter earnings that beat estimates despite a 29% drop in PC shipments industry-wide. The company highlighted cost controls and services growth. #financials #pcs
HP Inc. announced plans to cut up to 6,000 more jobs as part of its restructuring, bringing the total to 12,000 over the next three years. #restructuring #jobs
HP Inc. expanded its sustainable product line with new PCs and printers made from post-consumer recycled materials, aligning with ESG goals. #sustainability #tech
HP Inc. regained the top spot in global PC market share in Q2 2023, surpassing Lenovo, according to IDC. #pcs #marketshare
HP Inc. announced a partnership with Planet Labs to develop 3D printing technology for satellite components, expanding beyond traditional printing. #3dprinting #space
HP Inc. introduced a new line of AI-ready PCs with built-in neural processing units, targeting the growing market for on-device AI workloads. #ai #pcs
HP Inc. acquired the 3D printing business assets of Carbon, a leader in digital light synthesis, to bolster its industrial 3D printing portfolio. #acquisition #3dprinting
HP Inc. reported record annual revenue of $63 billion for fiscal 2024, driven by strong PC sales and services growth. The company continues to innovate under the HP Inc. brand. #milestone #financials