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Hewlett-Packard Company Profile
Hewlett-Packard (HP) is one of the world's one of the largest computer companies. The company makes products that are being used by individuals or in industry, business, engineering, science and education. Founded in 1939 and headquartered in Palo Alto, California's Silicon Valley, the company merged with Compaq in 2002 and is the world's second-largest manufacturer of computers and office equipment after IBM.The company was ranked 11th on Fortune 500 list of the top 500 U.S. companies in 2004.Fiscal year 2003 revenues were $73.061 billion, an increase of 29.1% over the previous year, and net income was $2.539 billion. In 2003, the company employed 142,000 people worldwide and had business relationships in more than 170 countries and regions. Ms. Carly Fiorina, Chairman and Chief Executive Officer. The company employs more than 80,000 people and has offices in many U.S. cities as well as in Europe, Asia Pacific, Latin America and Canada. The company sells its products and services through approximately 600 sales and support offices and distributors located in more than 100 countries, and through resellers and retailers.
Hewlett-Packard Company is a global provider of technology solutions for individual users, small, medium and large businesses, and research institutions, with offerings spanning information technology infrastructure, personal computing and access devices, imaging and printing devices for global services, including desktop computers and workstations, laptops and tablets, printers and multifunctional all-in-one PCs, handheld computers, projectors, scanners, digital imaging, storage devices, servers, networking equipment, supplies and accessories, and more.
Hewlett-Packard is organized into the Enterprise Systems Group, Professional and Support Services Group, Imaging and Printing Devices Group, Information Products Group and HP Labs.
Hewlett-Packard attaches great importance to research and development, and pays attention to the combination of research and occasional development. The annual investment in research and development exceeds 4 billion dollars. Hewlett-Packard Laboratories has the world's advanced level, and almost all of its research areas into the world's scientific frontiers. HP is committed to bringing the benefits of technology to individuals and businesses through simple information end-products, full-featured e-services, and a perpetually running Internet infrastructure.
On April 1, 2005, Mark Hurd became the new CEO of HP.
History of HP
Entrepreneurial History - Started from a Car Garage
HP was founded by Bill Hewlett and Dave Packard. founded in 1939. Built in a Palo Alto garage, the company's first product was the Audio Oscillator, an electronic test instrument used by sound engineers.HP's first customer was Walt Disney Studios, which purchased eight of HP's Audio Oscillators to develop and test innovative products for the classic film Fantasia. The company purchased eight HP audio oscillators to develop and test an innovative sound system for the classic movie "Fantasia.
In 1934, Dave Packard, a recent graduate of Stanford University with a degree in electrical engineering, started his career as a computer scientist. Dave Packard and Bill Hewlett, freshly graduated from Stanford University with a degree in electrical engineering, developed and tested an innovative sound system for "Fantasia" in 1934. Dave Packard and Bill Hewlett went on a two-week fishing safari in the Colorado mountains. They became close friends because they agreed on many things. Bill went on to graduate school at Stanford University and the Massachusetts Institute of Technology, while David got a job at General Electric. Encouraged and supported by their Stanford professor and mentor Fred Terman, the two decided to start their own company and "run it themselves".
In 1938, Mr. and Mrs. David moved to 376 Addision Street in Palo Alto, California. Bill Hewlett was in the house. Hewlett rented a cabin in the back of the house. Bill and David used $538 as working capital and worked in the garage in their spare time. Bill used his research on negative feedback to develop the first Hewlett-Packard product: a resistive acoustic oscillator (HP200A), an electronic instrument for testing audio equipment. The oscillator uses a blazing lamp as an electrical component in the electrical wiring diagram to provide variable impedance, which is a breakthrough in the design of the oscillator using the principle of feedback, and then produced several other early Hewlett-Packard products, such as harmonic analyzers and a variety of distortion analyzers. Walt Disney Pictures orders eight oscillators (HP 200B) for the production of the movie Fantasia.
Partnership formed Jan. 1, 1939; duo flips a coin to decide on name.
The 1940s - A Rapid Expansion
Shortly after their debut, the partnership's products became a hit in the engineering and scientific communities. Bill and David contracted with sales agents in order to place their best-selling products on the market throughout the United States. With the outbreak of World War II, the U.S. government's order for electronic instruments danced like a snowflake. Hewlett-Packard added new products and built its first company building.
In 1940 the company moved from its garage to a leased building at Page Mill Road and EI Camino Real in Palo Alto. The company paid its first bonus to employees - a $5 Christmas bonus. Later, it becomes a production bonus and then an internal profit-sharing program. Net income: $34,000; number of employees: 3; product lines: 8.
1942 Construction of Hewlett-Packard's first building of its own (called the Redwood Building), a 10,000-square-foot office, laboratory, and factory facility at 395 Page Mill Road in Palo Alto. It was chosen with the idea of converting the building into a grocery store if there was a downturn in the electronics industry.
Hewlett-Packard entered the field of microwave technology in 1943 by developing signal generators and radar jammers for the Naval Research Laboratory. In World War II, HP was recognized as the leader in the signal generator industry for its complete line of microwave test products.
On August 18, 1947, HP was incorporated as a stock corporation.
During the 1950s, HP entered a phase of growth and maturity in which the company mastered many of the "emerging" technologies in electronics and understood the internal dynamics of its growth. The "how" of the company's growth and the "how much" of the company's growth were equally debated. It was at this point that Hewlett-Packard set its corporate growth goals, which later became the basis for its unique management philosophy. HP has been on a path of global management ever since.
In 1951, Hewlett-Packard invented the high-speed frequency counter (HP 524A), which dramatically reduced the time required to measure high frequencies (from about 10 minutes to 1 to 2 seconds). Application: The HP 524A is used by radio stations to accurately set frequencies (e.g. 104.7FM). This meets the requirements of FCC regulations regarding frequency stability. Net income from operations: $5.5 million, number of employees: 215.
On November 6, 1957, the company's stock went public for the first time. Hewlett-Packard set out its corporate goals. This goal provided the theoretical foundation for the management philosophy that would become known as the HP Approach. Hewlett-Packard erected the company's first building at the Stanford Industrial Research Park in Palo Alto.
In 1958, HP made its first successful acquisition: F.L. Moseley Company (Pasadena, California), a manufacturer of high-quality graphic recorders. This acquisition marked HP's entry into the plotter industry. Net income from operations: $30 million; employees: 1,778; product lines: 373.
1959 Moved away from its California home base to establish a marketing organization in Geneva, Switzerland, and its first foreign product manufacturing plant in BoebPngen, West Germany.
Hewlett-Packard continued to grow steadily in the test and measurement product market during the 1960s and began to venture into other related areas such as electronic medical instruments and analytical instruments. Hewlett-Packard was already recognized as a rapidly advancing, well-managed and enviable company.
The first U.S. processing plant outside of Palo Alto was established in 1960 in Loveland, Colorado.
Entered the medical field in 1961 with the acquisition of Sanborn Corporation (Waltham, Massachusetts). Hewlett-Packard stock HWP is officially listed and traded on the New York Stock Market and the Pacific Stock Market.
1962 Hewlett-Packard makes its debut on Happiness Magazine's list of the top 500 large U.S. companies, listed at No. 460. Since then, Hewlett-Packard has risen in the Happiness Magazine rankings every year.
1963 First joint venture: Yokogawa Hewlett-Packard Company (Joint Venture: Yokogawa Electronics Corporation) established in Tokyo, Japan.
Celebrated 35th anniversary of the company in 1964. David . David Packard is elected Chairman of the Board and Bill Hewlett becomes President. Hewlett becomes president. The HP 5060A, an atomic cesium time standard, is widely recognized around the world as the "Flying Clock". The HP 5060A is used in every region of the world to synchronize with International Standard Time.
In 1965, Hewlett-Packard acquired F&M Technologies (Avondale, Pennsylvania), and thus entered the field of analytical instruments. Net income: $165 million; employees: 9,000.
In 1966 the company's central research facility, Hewlett-Packard Laboratories, was founded. It is one of the world's leading electronics research centers. Hewlett-Packard designs the first computer product (HP 2116A), which is used as a controller on test and measurement instruments. Today, HP offers a full line of computer products.
In 1967, Hewlett-Packard, based in BoebPngen, Germany, introduced a non-contact fetal heart rate monitor to measure the condition of the fetus during labor. The company also debuted the concept of flexible work schedules, a practice that has become commonplace in Hewlett-Packard organizations around the world.
In 1968 the world's first desktop scientific calculator, the HP 9100A, was introduced. It was the precursor to HP's high-performance workstation line today.
In 1969 David Packard became the U.S. Deputy Secretary of Defense (1969-1971). Hewlett-Packard first brought to market a time-sharing operating system in which a microcomputer could be used by up to 16 users at a time.
70s - Pushing the envelope
Hewlett-Packard stays true to its tradition of innovation and introduces the first pocket-sized scientific calculator. By the end of the 1970s, the company had achieved significant growth in profitability and in its workforce. Bill Hewlett and David Packard entrusted the day-to-day operations of the company to John Young. John Young to manage the company.
Net income in 1970: $365 million; employees: 16,000.
In 1971, laser technology was used to produce a laser jammer that could measure the length of a millionth of an inch. The Hewlett-Packard laser jammer is still the instrument of choice in microprocessor chip manufacturing today.
In 1972 Hewlett-Packard introduced the epoch-making first personal computing tool: HP-35 handheld scientific calculator, and eliminated the engineering calculator ruler. Entered the computer field with the HP 3000 microcomputer.
In 1973 the HP Small General Purpose Computer System became the first distributed data processing system in the computer world.
In 1974, the first microcomputer based on 4K Dynamic Random Access Memory (DRAMs) was produced, replacing magnetic cores.
In 1975 Hewlett-Packard simplified instrumentation systems by developing standard interfaces. The electronics industry adopted the Hewlett-Packard Interface Bus, HP-IB, as the international interface standard, allowing multiple instruments to be easily connected to a computer.
In 1977 John . Young became president of Hewlett-Packard (CEO in 1978).
By the 1980s, Hewlett-Packard had become a major player in the industry with its line of computers, ranging from desktops to powerful microcomputers. The decade marked HP's successful entry into the printer market, as it introduced inkjet and laser printers that could be connected to PCs.
1980 Hewlett-Packard introduces its first PC product: the HP-85. Net income: $3 billion, employees: 57,000.
1982 Hewlett-Packard in the UK develops an e-mail system that becomes the first commercial microcomputer-based wide area network. Utilizing 32-bit "superchip" technology, the HP 9000 technical computer was introduced, the first "desktop mainframe" with the same performance as the massive mainframes of the 1960s.
Hewlett-Packard's technology was first applied to the HP Thinkjet printer in 1984. Today's inkjet printers continue to see technological breakthroughs, and their prices continue to drop. Launch of the company's most successful single product: the HP LaserJet laser printer. Today's LaserJet is recognized by the industry as the world standard for laser printers.
1985 Net Revenue: $6.5 billion, Employees: 85,000.
1986 Introduces a multifamily computer system based on the innovative RISC (Reduced Instruction System of Control) architecture. Development costs for this product amounted to $250 million and development lasted five years, making it HP's largest investment in research and development.
In 1987 Bill Hewlett retired and resigned as vice president. Hewlett retired and resigned as vice chairman. Walter Hewlett (Bill's son) and David Woodley Packard (David's son) are elected as directors of the company.
1988 Hewlett-Packard jumps into the top 50 of Happiness Magazine's 500 companies list, ranking 49th.
1989 HP celebrates its 50th anniversary. HP's new Atomic Radiation Detector becomes the first analytical instrument to utilize gas chromatography for the determination of all elements except helium. Acquires Apollo Computer Corporation (Chelmsford, Massachusetts), a manufacturer of workstations.
The 1990s - Although it is too early to summarize this decade, HP has by now demonstrated its extraordinary success in the fields of measurement, computers, and communications. HP's demonstrated ability to collect, analyze, store, and display information will surely further transform the information superhighway into reality.
1990 HP LaserJet III laser printer introduced. HP Labs opens a research facility in Tokyo. Net revenue: $13.2 billion, employees: 91,500.
1991 HP 95LX Pocket PC (weighing approximately 11 angstroms) preloaded with Lotus 1-2-3 application software with advanced computing features and data communications.HP SONOS 1500 Cardiovascular Imager System allows physicians to perform non-contact quantitative analysis of heart disease using ultrasound processing. The universal color scanner enables computer reading of photographs or other visual images.
In 1992, Lew Platt, the founder and CEO of the Cardiovascular Imaging System (CIS), introduced the CIS to the public. Lew Platt becomes president and CEO of Hewlett-Packard. Launches Corporate Business Systems-nine HP 3000 and HP 9000 computer systems with mainframe functionality at a 90 percent lower price.
1993 Introduces the 3-pound HP OmniBook 300 "ultra-portable" personal computer, with enough battery power to keep the computer running during a flight across the United States. Delivered the 10 millionth HP LaserJet laser printer; HP has now sold 20 million printers. David Packard leaves the company to retire. Packard leaves for retirement. Lew Platt Lew Platt is elected chairman, president and chief executive officer.
In 1994, net revenues reached $25 billion. Hewlett-Packard produces the world's brightest LEDs (light-emitting diodes). Its simultaneous high brightness, high reliability, and low power consumption have led to its replacement of incandescent lamps in many new applications. Launches the HP Color LaserJet color laser printer. Launched the OfficeJet all-in-one printer/fax/copier. Introduced the HP 200LX Pocket PC with built-in Pocket Quicken.
Net revenues in 1995 reached $31.5 billion; employees: 105,200. Acquires Convex Computer Corporation (Texas; Richardson), a provider of high-performance computing solutions. Introduces the HP OmniGo 100 handheld computer. Introduces HP PaviPon PCs to the home computer market.
On March 26, 1996, company founder David Packard passed away. Introduced the first HP LaserJet 5SI "network printer".
1997 Revenue: $42.9 billion, Employees: 121,900. Acquires VeriFone, an industry leader in electronic payment systems, enhancing HP's e-business capabilities. Launches a new multi-year consumer marketing program called Expanding PossibiPties.
Hewlett-Packard's Unparalleled Culture
HP's management practices are based on the belief that people will do a great job and make the right decisions. Seven corporate goals provide a management framework in which all employees participate in defining organizational and individual goals.HP promotes a culture of openness and informality. Employees share in the success of HP through fixed cash profit sharing and stock purchase programs.
Corporate Values
HP Trusts and Respects Everyone
Facing any situation with the conviction that employees are willing to work hard and do well if given the proper tools and support. HP attracts highly capable, diverse and innovative people to join HP, recognizing their efforts and contributions to the company. HP people are committed and share in the success of their endeavors.
HP focuses on the accomplishments and contributions of senior management
Customers have always wanted the highest level of HP products and services, and they have always wanted the value they receive to last. To meet these expectations, all HP people, especially managers, must take the lead and work harder. The technology and management methods still in use today may be outdated tomorrow. If you want to be invincible in the competition, HP people should always pursue newer and better ways of working.
HP focuses on the accomplishments and contributions of senior management
Customers have always wanted the highest level of HP products and services, and they have always wanted the value they receive to last. To meet these expectations, all HP people, especially managers, must take the lead and work harder. The technology and management methods still in use today may be outdated tomorrow. If you want to be invincible in the competition, HP people should always pursue newer and better ways of working.
Insisting on honesty and uncompromising behavior
We expect HP people to be honest with each other in order to earn the trust and loyalty of others. Employees at all levels of the company are expected to adhere to the highest ethical standards and to fully understand the profound meaning of stopping at nothing. In reality, however, individual ethics are not bound by HP rules and regulations. Thus, as an integral part of the company, this deep-rooted tradition will be passed down from generation to generation.
Achieving the ****same goal through teamwork
"Only by working together internally can we achieve the ****same goal." Our commitment is to build a globally distributed team that works hard to fulfill the expectations of our customers, shareholders and other interested parties. The benefits and responsibilities of doing business will be shared by the people of HP***. HP encourages flexibility and innovation
We strive to create a work environment that accommodates diverse perspectives and encourages innovation. HP strives to achieve clear, defined and consistent overall objectives and allows individuals the flexibility to work in the way they best want to achieve the company's goals. Hewlett-Packard people are obligated to improve their own performance and are encouraged to improve themselves through training. This is especially important in an area of technology that is evolving at an unusually rapid pace and requires employees to be able to adapt immediately.
Hewlett-Packard Rankings
Happiness Magazine - #1 Most Admired Computer/Office Equipment Company in the U.S. (March 3, 1998)
Happiness Magazine - Base U.S.-based Computer/Office Equipment Company, #2 (April 27, 1998)
Asian Business Magazine - Asia's Most Admired Company, #3 (May 1, 1998)
Happiness Magazine - the -World's Most Admired Companies/Computer Companies category, #3 (October 26, 1998)
Happiness Magazine - America's Most Admired Companies, #5 (March 3, 1998)
Happiness Magazine -The World's Most Admired Companies, #6 (October 26, 1998)
Happiness Magazine -America's Top 500 Industrial and Service Companies, #14 (April 27, 1998)
Forbes Magazine - Comprehensive Ranking of the Top 500 U.S. Public Companies, No. 22 (April 20, 1998)
The Wall Street Journal - Annual Ranking of the World's Largest Industrial Companies and Financial Institutions, No. 26 (Sept. 1997) 26 (September 18, 1997)
Happiness Magazine - 500 Largest Employers of U.S. Industrial and Service Companies, ranked 29th. (based on number of employees employed) (April 27, 1998)
Business Week - Global 1000, based on market value, ranked 42nd (July 13, 1998)
Happiness Magazine -World's Top 500 Companies, No. 47 (April 27, 1998)
Hewlett-Packard in China
Among the multinationals in the high-tech field, HP has the deepest roots in China. The company, whose foundation for cooperation was laid by Deng Xiaoping's matchmaking with Kissinger, was the first Sino-U.S. high-tech joint venture. Since 1982, when HP established its first technical service office in China and became the world's first vendor to provide professional IT services in China, HP has always been committed to bringing the best technical services to Chinese users and has continued to expand the depth and breadth of its services.
In HP's global business, Hewlett-Packard China has always maintained a high rate of business growth, and is the fastest-growing subsidiary of HP worldwide. Currently, HP has nine regional headquarters, 37 offices, two factories, a global software development center, a financial services center, as well as the HP Business School and HP IT Management Institute in China.
HP and more than a hundred strategic partners to serve the majority of customers in China very closely, HP products and services by the majority of Chinese customers in all walks of life, high-tech, low-cost, the best overall customer experience for the same for the Chinese customers to bring useful and necessary value. For many years, HP China has been recognized by the National Association of Foreign Investors as one of the top ten joint ventures, one of the top ten taxpayers of foreign enterprises in Beijing, and one of the "Most Respected Enterprises in China".
Since the establishment of HP (China) Investment Co., Ltd. in 1995, HP has continued to expand its investment and production scale in China. HP has set up PC and printer factories in Shanghai, and locally produces a wide range of products such as servers, desktops, notebooks, scanners, digital cameras, etc., which have led to the creation of about 100,000 jobs in China. China's top 500 foreign investors.
Today's HP has become a company trusted by Chinese customers:
No. 1 in UNIX servers
No. 1 in industry-standard servers
No. 1 in storage
No. 1 in printers
No. 1 in handhelds
No. 1 in all PCs
No. 1 in desktops, notebooks, scanners, digital cameras, and many other products
All of the personal computer products are now available in the market.
Ranked No. 2 in market share of all personal computers
Ranked No. 2 in market share of desktops
Ranked No. 2 in market share of handheld devices
Won the "China's Most Respected Enterprises" for three consecutive years in 2001-2003, selected by Peking University's Center for Case Studies in Management and The Economic Observer. "
In 2003, HP was awarded the title of "Customer Satisfaction Enterprise" in the large-scale activity "Focus on Quality, Care for Life" organized by the Beijing Quality Association and Beijing TV; HP's desktop computers, laptops, printers and servers were honored as the best in the market, HP's desktop computers, laptops, printers and servers were honored as "Customer Satisfaction Products"
In 2003, in the "China's Top 500 Informatizers" selection organized by the National Informatization Evaluation Center and the Internet Weekly, Mr. Sun was awarded the title of "Most Visionary Informatizer" and the "Best Informatizer". "
HP Global Vice President and President of China, Mr. Sun Zhenyao, has repeatedly talked about HP's goals in China: to cultivate first-class international talents, to provide a comprehensive customer experience, and to grow with China***. HP will achieve this goal through local R&D, manufacturing, experience sharing, and service networks in China, realizing a strategy of high technology, low cost, and the best overall customer experience.