Bill Hewlett and David Packard Success Story Point
HP is not a new name in the IT industry, and the narrative of the company is over 80 years old.
The organization was established by two Stanford graduates Bill Hewlett and David Packard, in January 1939
The two co-founders met each other in a social outing during the time they were studying at Stanford. Both were pursuing a degree in electrical engineering and shared a common interest in starting a business after completing their education. They discussed their idea with their fellowship professor Frederick Terman at Stanford and together with his supervision started performing on an equivalent . The two started their company from Packard’s garage in Palo Alto, in 1938, with an initial capital investment of US$538, even without deciding a proper name for it. In 1939, they tossed a coin to decide the name for the company adopting the surname of their names. The toss was among Hewlett-Packard and Packard-Hewlett, during which Hewlett-Packard won. Image Source: Pinterest The first product from the corporate was a precision audio oscillator, the Model HP200A. It was cheap and efficient, and became one of the most successful product, commercially. The same product was also employed by Disney Productions, for the movie Fantasia, in certifying the Fantasound surround sound systems installed in theatres. In 1957, the company went public in its initial public offering.
During the 1960s, Hewlett-Packard began creating the semiconductor gadgets for the instruments and mini-computers.
In 1966, the corporate entered into a replacement business of computer manufacturing and unrolled the accumulator-based design HP 2100 / HP 1000 series of minicomputers, followed by the HP
9800 and HP 250 arrangement of work area and business PCs.
In the 70s the corporate started producing the advanced business computers, i.e. stack-based HP 3000 computers. During an equivalent time, the HP 2640 series smart computers were also introduced that included one among the primary bit mapped graphics displays. The same computer was wont to develop the primary commercial WYSIWYG Presentation Program, BRUNO, by coupling the HP 2100 21MX F-Series micro-coded Scientific Instruction Set. In the same decade, the corporate produced the world’s first handheld scientific calculator HP-35, world’s first handheld programmable HP-65, first alphanumeric, programmable, expandable HP-41C and first symbolic, and therefore the graphing calculator HP-28C. In the 80s, Hewlett-Packard expanded its business to create printers and scanners for desktop computers. With the rise of the internet, the company registered its website domain as HP.com, on 3 March 1986, becoming the ninth Internet .com domain ever.
In 1989, HP obtained the Apollo PC, and in 1995 it procured the Arched PCs.
By 1998, the corporate had become one among the leaders within the desktops, laptops, and servers for several different markets.
Afterward, it likewise began its online assistance hpshopping.com, to sell its items on the web, which was rebranded to "HP Home and home office Store" in 2005.
In 2005, thanks to the merger with Compaq, Hewlett-Packard was facing heavy losses within the business. In 2006, the corporate offered a replacement range of products in both hardware and software, reducing the prices . In 2007, the company’s revenues skyrocketed, and HP hit the $100 Billion mark for the first time.
In 2011, Hewlett-Packard propelled its first tablet named HP TouchPad, trailed by the ventures' first remote mouse.
But by the top of an equivalent year, it announced that it won’t be operating within the tablet and smartphone business anymore, and can focus more on the Cloud, solutions and software business. In the years 2012-13, the Hewlett-Packard faced an excellent decline in its profits, lowering 34000 jobs within the same years. In October 2014, the news of splitting from Hewlett Packard into two separate companies came into knowledge. The two wings would do their separate business of private computers and printer manufacturing. Finally, in November 2015, the corporate separated into HP Inc. and Hewlett Packard Enterprise, HP Inc. retaining the Hewlett-Packard’s stock price history. Although the corporate has seen many ups and downs during its long journey, the vast history of HP has introduced the planet with many great inventions. The company also gets credits for many patents and will be known for its contribution to the IT industry.