Hewlett Packard is a company for the 21st century. HP,(Hewlett Packard) uses its technological advances to heal, educate, and connect people worldwide. It is one of the world’s largest computer companies and the foremost producer of test and measurement instruments. The company’s more than 29,000 products are used in industry, business, engineering, science, medicine and education. In its 1997 fiscal year HP had a net revenue of $42.9 billion, which puts it at 14 on the Fortune 500 list. Among the top 10 U.S. exporters, 56 percent of HP business comes from outside the United States. Japan, Canada, Australia, the Far East, Latin America and Europe all count on Hp for their needs. (Hewlett Packard Site).
HP is No. 5 among Fortune’s Most Admired Companies and No. 10 among Fortune’s Best Companies to Work for in America. (Fortune Site). Headquartered in Palo Alto, California, the company employs more than 120,000 people, of whom some 69,000 work in the United States. (Hewlett Packard Site).
Cardiac ultrasound-imaging, patient-monitoring systems, and HP computer systems are used in hospitals in both clinical and administrative areas. This helps health-care organizations improve patient care and reduce costs. HP analytical instruments analyze the chemical components of liquids and gases. They are used in the chemical, energy, pharmaceutical and food industries, and in environmental monitoring, medicine, bioscience and university research. (ABC News Site).
Hewlett Packard s research facility ranks as one of the leading industrial-research centers in the world. Researchers develop and apply leading-edge technologies that support HP’s current businesses and create new opportunities for the company. In 1997, between HP Labs and some 70-product divisions, HP invested $3.1 billion in research and development. (Hewlett Packard Site).
HP is extending the frontiers of fiber-optic, wireless and visual communications through its more than 9,000 components products that help people communicate quickly, reliably and cost effectively. (Hewlett Packard Site).
Hewlett-Packard (HP) is the second-largest computer company in the world (behind IBM) and a top provider of desktop computers, servers, peripherals, and services such as systems integration. Computers, peripherals, and computer-related services account for more than 80% of sales. HP is the fastest-growing personal computer company in the world. These days HP is best known for it s printers and peripherals. This paper will soon be printed out on a HP Deskjet. Hewlett Packard is the world’s leading supplier of printers. HP sets the standard for technology, performance and reliability, including HP LaserJet and DeskJet printers, DesignJet large-format printers, ScanJet scanners, OfficeJet all-in-ones and CopyJet color printer-copiers. (NBC News Site).
Hewlett Packard s tradition of giving back to the community began in 1939, their first year in business, when founders Bill Hewlett and Dave Packard took $5 out of a profit of $1,650 and donated it to a local charity. Today HP is recognized as a philanthropic leader among global corporations. In 1997, HP gave more than $61 million in cash and equipment to nonprofit agencies and educational institutions worldwide. $47 million went toward improving education. HP also supports the arts, health and human services, civic groups and environmental organizations. Most recently, Hewlett-Packard is helping to make state-of-the-art medical care available to the children of China by donating advanced medical equipment and supplies, valued at $5.5 million, to the Shanghai Children’s Medical Center in the Shanghai Pudong district. (Hewlett Packard Site).
The document is at the center of the company’s management style called “The HP Way.” These Corporate Objectives include profit, customers, fields of interest, growth, our people , management, and citizenship. Lewis E. Platt is the current Chairman, President, and CEO of Hewlett Packard. (Hewlett Packard Site).
The company’s stock is listed on the New York and Pacific stock exchanges, with the ticker symbol HWP. Since 1965, cash dividends have been paid each year. The current rate is $0.14 per share per quarter. At Nov. 30, 1997, there were 101,591 shareholders. The Seventh split in HP s stock history occurred June 19, 1996. (Hewlett Packard Site).
This successful and powerful company came from humble beginnings. Hewlett met David Packard during their undergraduate days at Stanford. The two engineering classmates became friends and formed a partnership known as Hewlett-Packard Company in 1939. Dave Packard and Bill Hewlett graduated from Stanford University in 1934. Bill Hewlett continued graduate studies at Stanford and MIT, while Dave Packard began working at General Electric. After the encouragement of Fred Terman, a Stanford professor, they decided to start a business and make a run for it ourselves. Dave and Lucille Packard s house at 367 Addison Avenue, Palo Alto, California was the first headquarters of the future billion-dollar company. Bill Hewlett rented a cottage behind the house and with $538 in working capital Bill and Dave began part time work in the garage. The company’s first product was the resistance-capacity audio oscillator. (HP200A) was an electronic instrument used to test audio equipment. Walt Disney ordered eight oscillators for the production of the movie Fantasia and the company began its road to ingenuity and fortune. (Hewlett Packard Site).
On January 1, 1939 a coin toss decided the name Hewlett-Packard. Products won acceptance among engineers and scientists, and the start of World War II brought a flood of orders from the U.S. government. They constructed a 10,000-foot office, laboratory, and factory building in 1942. Packard and Hewlett built it so that it could be converted into a grocery store if the business failed. In 1943, Hp developed a radar-jamming device and a signal generator for the Naval Research Laboratory. After incorporation in 1947, Hp put out its corporate objectives and started globalization. Ten years later, the first public stock was offered. In 1960 HP branched out into medical electronics and analytical instrumentation. In 1962, Hp entered Fortune magazine’s list of the top 500 U.S. companies at number 460. First computer, fetal heart monitor, and scientific calculator are some innovations of HP in the 1966-1968. Dave Packard was appointed U.S. Deputy Secretary of Defense in 1969 and served till 1971. In 1977 John Young was named President of HP, and in the 1980 s Hewlett Packard, launched inkjet and laser printers. In 1985, former President Reagan awarded Hewlett the National Medal of Science, the nation’s highest scientific honor. In 1989, Hp celebrated 50 years and moved into the top 50 on the Fortune 500 listed at number 49. In 1991 the HP SONOS 1500 echocardiograph system which allowed doctors to perform quantitative, non-invasive cardiac analysis in real time by processing ultrasound waves and the HP color scanner were introduced. In 1996, co-founder Dave Packard died, leaving behind a company with a $42.9 billion dollar revenue. (Hewlett Packard Site).
The future of Hewlett Packard looks promising, but according to “Factors that May Affect Future Results” its prosperity is not definite. “Factors that May Affect Future Results” was a section included in HP’s Form 10-Q for the period ending July 31, 1998, filed with the Securities and Exchange Commission. The Company’s numerous competitors range from some of the world’s largest corporations to many relatively small and highly specialized firms. Technology, performance, price, quality, reliability, distribution and customer service and support are factors of Hewlett-Packard s competition. Product life cycles are short and the company must update its existing products and develop new ones. HP anticipates that it will have to adjust prices and effectively manage financial returns with reduced gross margins. Inventory management has become increasingly complex as they continues to sell a greater mix of products, especially printers and personal computers, through third-party commercial and retail distribution channels. Sales outside the United States make up more than half of HP s revenues. Changes in foreign political or economic situations, trade protection measures, import or export licensing requirements, taxing and regulatory requirements, and natural disasters all could affect HP. A portion of Hewlett Packard research and development activities, its corporate headquarters are located near major earthquake faults. Hewlett-Packard is predominantly uninsured for losses and interruptions caused by earthquakes. Technology stocks are volatile because the announcement of new products, services or technological innovations by the Company or its competitors can drastically affect price. Recent trends should not be considered reliable indicators of future stock prices or financial results. The CEO of Hp said, “There are reasons for continued caution. There are no signs of an immediate turnaround in Asia, and there is some uncertainty about macro economic conditions in the United States and in Latin America. And, as always, competition across our businesses remains intense. Our recent results haven’t altered our confidence in our product programs, technologies and partnerships. We’re determined to build on these strengths to achieve the results our shareholders, customers, employees and partners expect from HP.” (Hewlett Packard Site).
Net revenue for the quarter was $11.0 billion, compared with $10.5 billion in the year-ago quarter. Net revenue in the United States was $5.2 billion, an increase of 9 percent compared with a year ago, while revenue from outside the United States rose 1 percent to $5.8 billion. “This was a tough quarter, but we did many things that we believe will position us for better performance going forward,” said Platt. “We made real strides on expenses, and we will take further actions to build on this short-term progress. In addition, we have an exciting schedule of product rollouts across the company in the months ahead. (Hewlett Packard Site).
Hewlett-Packard started from humble beginnings and through scientific and business innovations it continues to grow.
Works Cited
Fortune. [Online] Available www.fortune, October 1,1997
Hewlett Packard. [Online] Available http: /www.nbc, October 1, 1997
Hp in brief. [Online] Available http/www.hp/hp brief ht, October 1, 1997
Другие работы по теме:
Art History Essay Research Paper M
Art History Essay, Research Paper ?M & M ? s? When I entered in the gym, the outside morning quiet, softly blowing breeze stopped and the screams of go Phillips was
The Senegal Tribe Essay Research Paper The
The Senegal Tribe Essay, Research Paper The Senegal Tribe Many students of African history wonder why the native people of Africa did not rise up in violent rebellion against their Imperialist conquerers. What
American History X Essay Research Paper This
American History X Essay, Research Paper This movie was a very intense movie. The message that it was trying to send was very powerful and it hit me fairly hard. The message that this movie was trying to send to me was that society as a whole does not have the maturity and inteligence to deal with subjects such as racism and hate.
Hirosema Essay Research Paper The bombing of
Hirosema Essay, Research Paper The bombing of Hiroshima has been a highly disputed piece of history for generations. Their are very strong opinions on either side of the fence, although choosing a side is harder than meets the eye. After researching the cold facts I have humbly changed my opinion of the matter.
Herodotus Essay Research Paper Herodotus Essay Herodotus
Herodotus Essay, Research Paper Herodotus Essay Herodotus of Halicarnassus was born about 484 B.C. he died 60 years later. For the time he lived in this age was very old though by today’s standards it is not. The reason why his age was so outstanding was in his time the average man live for maybe half that because of the harsh living conditions.
ROTC Entrence Essay Essay Research Paper entrance
ROTC Entrence Essay Essay, Research Paper entrance essay For almost as long as I cn remember, I have been interested in th military. Influenced by such movies as “Patton”, and by my dad’s interest in military history, my
Jeruselem Essay Research Paper Ariel David What
Jeruselem Essay, Research Paper Ariel, David. What do Jews Beleive. New york: Schocken Books, 1995. 8 Dec. 2000 . World history. D, G -. Torah. Egypt: G-D, 1515. 1 Jan. 1000 . The holy book.
The Protestant Reformation Essay Research Paper AP
The Protestant Reformation Essay, Research Paper _______________ AP European History Period 4 The Protestant Reformation The Protestant Reformation changed the course of European history very strongly, and rapidly. This paper will talk about what exactly the reformation did to Europe, in terms of social, political, and philosophical impacts.
The First Reactor Essay Research Paper The
The First Reactor Essay, Research Paper The First Reactor The First Reactor chronicles the conception and implementation of the first self-sustaining nuclear pile. The booklet has three main sections to it. The first one tells of the history and background of the organizations and research that were used for the momentous experiment, as well as the actual proceedings that occurred on December 2, 1942.
Ali Essay Research Paper Much of the
Ali Essay, Research Paper Much of the footage, particularly shots of Ali ingratiating himself with the natives and Foreman stepping off a plane accompanied by German shepherds, helps fill in the historical background of the fight. “Ali was loved by the Zaireans,” Gast says, “because they felt he was fighting for them.
What Is History Essay Research Paper History
What Is History? Essay, Research Paper History is the study of how the world we live in now has been shaped by the events of the past. It is a record of human experiences relative to the society in which we live. Our
St Elizabeth Essay Research Paper I chose
St. Elizabeth Essay, Research Paper I chose the name Elizabeth for my confirmation name after Saint Elizabeth. I feel that she is a very important part in history.
John Doe Essay Research Paper French Revolution
John Doe Essay, Research Paper French Revolution “Revolutions evolve in definite phases. At first they are moderate in scope, then they become radical to excess and finally they are brought to abrupt conclusions by the emerg…
American History X Essay Research Paper Trond
American History X Essay, Research Paper Trond Haugen A: How the movie American history X has influenced me American history X had a strange effect on me. Usually, movies entertain me as I watch them, but the moment they end, it is over. Everything goes back to the way it is was as I leave the theatre. American history X was not like that.
Edgar Allan Poe Essay Research Paper Poe
Edgar Allan Poe Essay, Research Paper Poe’s Never Ending Loneliness “From childhood’s hour I have not been/as others were; I have not seen/ as others say I could not bring/ my passions from a common spring. From the same source I have not taken/ my sorrow; I could not awaken/ my heart to joy at the same tone;/ and all I loved, I loved alone.”
Changes In Anal Essay Research Paper A
Changes In Anal Essay, Research Paper A 35 page research paper closely examining the prospects for US-based businesses in Europe. All around the world, nations are forming geographic alliances to help build their share of the world market, but Western Europe is taking one extra “giant step” in their plans for a barrier-free Europe with a common currency in use by the year 2002.
Into Thin Air Essay Research Paper If
Into Thin Air Essay, Research Paper If I were to join an expedition to summit Everest I would choose Adventure Consultants over Mountain Madness, mainly because of Hall?s reputable history of successfully conducting thirty- nine clients to the top of the world.
History Of Lacrosse Essay Research Paper What
History Of Lacrosse Essay, Research Paper What is Lacrosse? Summary: Lacrosse is the oldest sport in North America, and dates back to the 1400 s. Lacrosse did not become well know until the 1600 s.
Defintition Of History Essay Research Paper The
Defintition Of History Essay, Research Paper The statement ? History is nothing more than a collection of the static facts of the past; people who say history changes are terribly misguided? is incorrect. History is more than just static facts when ideas and concepts involved in history are understood and applied in life.
Holocaust Essay Research Paper The Holocaust In
Holocaust Essay, Research Paper The Holocaust: In Memory of Millions Response Paper I have always known the holocaust to be one of the worst events in all of history. I remember learning all about it in history class in the ninth grade and being appalled by all the horrors that were shown to us. We learned all about the intense persecution of the Jews, how they were forced into terrible concentration camps where they either worked or were killed, and how the Germans just walked around beating on them and destroying every part of their lives.
Growth In Writing Essay Research Paper Emily
Growth In Writing Essay, Research Paper Emily Gillette DVWR 101.004 Professor Bull September 22,2000 Growth in Writing Writing is one of my favorite things to do. Expressing yourself is so much easier when given time to think about what needs to be said. I would like to believe that I have a very rich writing history.
The Bad Flag Essay Research Paper Some
The Bad Flag Essay, Research Paper Some people think the confederate flag is a symbol of hatred and slavery. Others think it represents the history of America. It’s up to ever person to decide where they stand. The old saying is, “If you don’t stand for something, you’ll fall for anything.” Ever person has a duty to respect the other person’s opinion.
Aboriginal People Essay Research Paper Many of
Aboriginal People Essay, Research Paper Many of the Aboriginals have developed a way of life that they are satisfied with, but by these big organizations taking control over their communities they have no way of stopping them, without the support of other people in the community. Many aboriginals have lived on these reservations most of their lives, so much of their history has been from living there.
Poem Human
’s Hate Essay, Research Paper When I think of a human trait. I think of human’s hate. Although it’s our nature, I think its awfully immature. Hate is something thats lated through the ages, we learn about it everyday turning through out history pages. teh color of you skin, we can’t help what shade we were born in.
Thomas Edison Essay Research Paper BibliographyThomas A
Thomas Edison Essay, Research Paper Bibliography Thomas A. Edison and his Kinetographic Motion Pictures. Rutgers University Press. 1995. This book gave me a lot of the information I needed on the basic history of Thomas Edison?s work in the motion picture industry. There were also pictures
Untitled Essay Research Paper The history of
Untitled Essay, Research Paper The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of the world.The history of
Steve Jobs Essay Research Paper Steve Jobs
Steve Jobs Essay, Research Paper Steve Jobs was born on February 25, 1955. He was soon adopted by Paul and Clara Jobs of Mountain View, CA. Steve wasn t happy at school in Mountain View so the family moved to Palo Alto, CA. Steve attended Homestead High School. His electronics teacher recalled that he was something of a loner and always had a different way of looking at things . [www.apple-history]
British War Essay Research Paper Gregg GiassonUS
British War Essay, Research Paper Gregg Giasson U.S. History Period B !! YOU ARE THERE !! The most important event in U.S. History in my opinion would be Washington s escape from the British Army at New York. This event changed the course of U.S. History because it was the closest the movement for freedom came to being crushed.
Паккард Дэвид
Паккард Дэвид (Packard David) (7 сентября 1912, Пуэбло, шт. Колорадо - 26 марта 1996, Стэнфорд, шт. Калифорния), американский инженер и предприниматель, соучредитель компании Hewlett-Packard.
Хьюлетт Уильям (William R. Hewlett)
Хьюлетт Уильям (William R. Hewlett), американский инженер, специалист в области электорники, а также предприниматель, соучредитель и почетный директор в отставке компании Hewlett-Packard.