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Hewlett-Packard

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Coordinates: 37°24′49″N 122°08′42″W  /  37.4136°N 122.1451°W  / 37.4136; -122.1451 The Hewlett-Packard Company , commonly shortened to Hewlett-Packard or HP , ( / ˈ h juː l ɪ t ˈ p æ k ər d / HEW -lit PAK -ərd ), was an American multinational information technology company headquartered in Palo Alto, California, that developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company was founded in a one-car garage in Palo Alto, California by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'". The company got its first big contract in

History

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Bill Hewlett and David Packard graduated with degrees in electrical engineering from Stanford University in 1935. The company originated in a garage in nearby Palo Alto during a fellowship they had with past professor Frederick Terman at Stanford during the Great Depression. They considered Terman a mentor in forming Hewlett-Packard. In 1938, Packard and Hewlett began part-time work in a rented garage with an initial capital investment of US$538, equivalent to $9,772 in 2019. In 1939, Hewlett and Packard decided to formalize their partnership. They tossed a coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. HP was incorporated on August 18, 1947, and went public on November 6, 1957.: 35,40,64,70,196 Of the many projects they worked on, their first financially successful product was a precision audio oscillator known as the Model HP200A. Their innovation was the use of a small incandescent light bulb (known as a "pilot light&qu

Facilities

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HP's global operations are directed from its headquarters in Palo Alto, California, USA. Its U.S. operations are directed from its facility in unincorporated Harris County, Texas, near Houston. Its Latin America offices are in unincorporated Miami-Dade County, Florida, U.S., near Miami; Its Europe offices are in Meyrin, Switzerland, near Geneva, but it has also a research center in the Paris-Saclay cluster, 20 km south of Paris, France. Its Asia-Pacific offices are in Singapore. excessive citations It also has large operations in Leixlip, Ireland; Austin, Texas; Boise, Idaho; Corvallis, Oregon; Fort Collins, Colorado; Roseville, California; Saint Petersburg, Florida; San Diego, California; Tulsa, Oklahoma; Vancouver, Washington; Conway, Arkansas; and Plano, Texas (the former headquarters of EDS, which HP acquired). In the UK, HP is based at a large site in Bracknell, Berkshire with offices in various UK locations, including a landmark office tower in London, 88 Wood Street. Its re

Products and organizational structure

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HP produced lines of printers, scanners, digital cameras, calculators, PDAs, servers, workstation computers, and computers for home and small-business use; many of the computers came from the 2002 merger with Compaq. HP as of 2001update promoted itself as supplying not just hardware and software, but also a full range of services to design, implement, and support IT infrastructure. HP's Imaging and Printing Group (IPG) was described by the company in 2005 as "the leading imaging and printing systems provider in the world for printer hardware, printing supplies and scanning devices, providing solutions across customer segments from individual consumers to small and medium businesses to large enterprises". Products and technology associated with IPG include: Inkjet and LaserJet printers consumables and related products Officejet all-in-one multifunction printer/scanner/faxes Designjet and Scitex Large Format Printers Indigo Digital Press HP Web Jetadmin printer managem

Staff and culture

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The founders developed a management style that came to be known as "The HP Way." In Hewlett's words, the HP Way is "a core ideology ... which includes a deep respect for the individual, a dedication to affordable quality and reliability, a commitment to community responsibility, and a view that the company exists to make technical contributions for the advancement and welfare of humanity." The following are the tenets of The HP Way: We have trust and respect for individuals. We focus on a high level of achievement and contribution. We conduct our business with uncompromising integrity. We achieve our common objectives through teamwork. We encourage flexibility and innovation. Notable people edit Michael Capellas (Compaq CEO/Chairman – HP President) Barney Oliver, founder and director of HP laboratories Steve Wozniak Tom Perkins Carly Fiorina, 2016 Republican presidential candidate Matt Shaheen, management consultant executive at HP Enterprise Services

Corporate social responsibility

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In July 2007, the company announced that it had met its target, set in 2004, to recycle one billion pounds of electronics, toner and ink cartridges. It set a new goal of recycling a further two billion pounds of hardware by the end of 2010. In 2006, the company recovered 187 million pounds of electronics, 73 percent more than its closest competitor. In 2008, HP released its supply chain emissions data — an industry first. In September 2009, Newsweek ranked HP No. 1 on its 2009 Green Rankings of America's 500 largest corporations. According to environmentalleader.com, "Hewlett-Packard earned its number one position due to its greenhouse gas (GHG) emission reduction programs, and was the first major IT company to report GHG emissions associated with its supply chain, according to the ranking. In addition, HP has made an effort to remove toxic substances from its products, though Greenpeace has targeted the company for not doing better." HP took the top spot on Corporate Re

Brand

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According to a BusinessWeek Study, HP was the world's 11th most valuable brand as of 2009. HP has many sponsorships. One well known sponsorship is Mission: SPACE in Epcot at the Walt Disney World Resort. From 1995 to 1999, and again from 2013, HP has been the shirt sponsor of Premier League club Tottenham Hotspur F.C. citation needed From 1997 to 1999 they were sponsors of Australian Football League club North Melbourne Football Club. citation needed They also sponsored the BMW Williams Formula 1 team until 2005 (a sponsorship formerly held by Compaq), and as of 2010 sponsor Renault F1. Hewlett-Packard also had the naming rights arrangement for the HP Pavilion at San Jose, home of the San Jose Sharks NHL hockey team until 2013, in which the arena's naming rights were acquired by SAP AG, renaming the arena to the SAP Center at San Jose. The company also maintains a number of corporate sponsorships in the business sector, including sponsorships of trade organisations including

Controversies

Restatement edit In March 2003, HP restated its first-quarter cash flow from operations, reducing it 18 percent because of an accounting error. Actual cash flow from operations was $647 million, not $791 million as reported earlier. HP shifted $144 million to net cash used in investing activities. Spying scandal edit On September 5, 2006, Shawn Cabalfin and David O'Neil of Newsweek wrote that HP's general counsel, at the behest of chairwoman Patricia Dunn, contracted a team of independent security experts to investigate board members and several journalists in order to identify the source of an information leak. In turn, those security experts recruited private investigators who used a spying technique known as pretexting. The pretexting involved investigators impersonating HP board members and nine journalists (including reporters for CNET, The New York Times and The Wall Street Journal ) in order to obtain their phone records. The information leaked related to HP's long