Hewlett-Packard Corporation
Posted on July 30, 2008
Filed Under Uncategorized |
Hewlett-Packard Corporation is currently the biggest technology company in the world, just recently surpassing IBM in 2007. It was established in 1939 with David Packard and William Hewlett, both Stanford graduates, as its founder. The company is headquartered in Palo Alto, California. HP is ranked as 14th in the Fortune 500 released in 2008.
Hewlett-Packard or HP has three core business categories. The first is the personal Systems Group which deals with PCs for business and personal use, devices for mobile computing, and technology for workstations. A third of HP’s revenues come from the sales of PCs.
The second is the Imaging and Printing group. This particular division markest with inkjet, LaserJet printers, printing supplies, and others belong to this group. About 27 percent of profit of HP comes from this category, mostly from ink cartridges for replacement.
The third business group is for technology solutions where HP provides it customers and clients with products specifically for business such as servers, software, and managed services. A third of their income comes from this category.
HP is known for its innovative and creative culture. It puts a premium on new ideas. $3.6 billion of its finance budget is allotted every year for research and development to look for new technology, and new solutions.
HP common stock is publicly traded through New York Stock Exchange. For the third week of July 2008, the stock price has risen in the market, although for the past three months, it had achieved its peak in May, but the trend continued downward from June and to July.
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