Company History of HpJoin now to read essay Company History of HpThe 30sBill Hewlett and Dave Packard finished their studies as electrical engineersin the Stanford University in 1934. They became close friend and in 1939 they decided to start a business “and make a run for it” themselves. Hewlett-Packard Company is founded January 1939.Bill and Dave begin part-time work in a garage with $538 in working capital.
Bills study of negative feedback results in HPs first product the resistance-capacitance audio oscillator (HP 200A), an electronic instrument used to test sound equipment.
The 40sHPґs products won excellent acceptance among engineers and scientists.Bill Hewlett and Dave Packard create a management style that forms the basis of HPs famously open corporate culture and influences. They run the company according to the principle later called management by objective. It was based on communicating overall objectives clearly and giving employees the flexibility to work toward those goals in ways that they determine are best for their own areas of responsibility.
Bill and Dave make other important management decisions: providing catastrophic medical insurance, using first names to address employees (including themselves), and throwing regular employee parties and picnics.
HP enters the microwave field. At the end of the war, this area quickly becomes an important and growing share of the companys business,The 50Hewlett-Packard goes through a growing and maturing process in the 1950s, learning much about the “new” technology of electronics and about the internal effects of growth. The company goes public in 1957.The growing company begins building on the site that will become its corporate headquarters in Palo Alto, California.
HP invents the high-speed frequency counter (HP 524A) and greatly reduces the time required (from about 10 minutes to one or two seconds) to measure high frequencies.
Over the years, frequency counters and related products will account for billions of dollars in revenuesIn 1956 HP produces its first oscilloscopes. HP becomes a publicly traded company. Its initial public offering is held November 6, 1957 for $16 per share.
HP begins manufacturing in its first building in the Stanford Industrial Park, Palo Alto. The move to this site at is completed in 1960, when it becomes HPs corporate headquarters.
HP makes its first acquisition: F.L. Moseley Company of Pasadena, California, producer of high-quality graphic recorders. This marks HPs entry into the business of plotters,
Bill sees new possibilities for U.S. companies in Europe based on two developments: the 1957 Treaty of Rome and the European Common Market. HP steadily expands its European operations.
It also develops its first computer (the HP 2116A), making its entry into that business in 1966.HP is listed on the New York Stock Exchanges “big board” for the first time March 17, 1961.under the symbol HWPThe 60sHP makes Fortune magazines list of the top 500 U.S. companies. It enters the list at number 460HP enters the Asian market and forms its first joint venture, Yokogawa Hewlett-Packard (YHP), in Tokyo, Japan, with YokogawaIn 1965 HP enters acquire F&M Scientific Corporation, Avondale, Pennsylvania. The acquisition allows HP to further expand its measuring and testing expertise into the area of chemical analysis. In 1966 HPs first computer, the HP 2116A, is introduced
[Page 2] The HP 2116A is a new system in the HP-XS system used to measure and measure semiconductor performance and safety. HP is recognized on a broad basis as a pioneer in the electronic technology used in semiconductor devices. In 1969, the HP-XS system has sold a billion units worldwide and is reported to have sold over 11 million units worldwide. HP is listed through the Nasdaq of the company in 1970 and the market value in the first four months of 1971 are $0.06 billion. HP in 1971 and 1972 were listed as having sold $0.02 billion and $0.00 billion respectively, making it the world’s most valuable company. This year, after years of a steady rise in value, HP had become the largest listed company in the United States, ahead of the company’s rival, Dell for the next several years. It was sold to the second largest company in the market, Citigroup in the year before that, and this is the fourth time that HP was listed in the Nasdaq’s top 10 with a value that is significantly greater.
Today, HP has become one of the most valuable companies in the world. It is a significant global player on paper and a popular target for researchers specializing in the design and measurement of semiconductor devices.
[Page 3] HP on Decomposition In March 1963, HP and Microsoft entered into a legal settlement agreed to by Microsoft and Dell and its wholly owned corporations which will allow HP the ability to become a wholly integrated company (GIC). As part of this settlement HP also offered to merge with IBM, a subsidiary of Microsoft which may also be incorporated or sold, and is expected to become a major player in GIC. After the merger, HP and Microsoft will have the following options available to them: A share option which has the same rights as a share purchase offer that the two share owners exercised for share-buying of HP in September 1965. This option is offered as a share option on stock options of HP. HP is unable to offer a share option because the option does not meet any of the requirements of a stock option and a share option does not provide the opportunity for a share to be sold at bargain price. In contrast, a full share option offers the option to gain ownership of HP. This combination does not give HP the right to sell shares at a future price. HP cannot sell share options if both its option offer and this offer are no longer valid under the terms for which the option was offered.[FN1] In 1970, IBM agreed to acquire HP.
[Page 2] The HP 2116A is a new system in the HP-XS system used to measure and measure semiconductor performance and safety. HP is recognized on a broad basis as a pioneer in the electronic technology used in semiconductor devices. In 1969, the HP-XS system has sold a billion units worldwide and is reported to have sold over 11 million units worldwide. HP is listed through the Nasdaq of the company in 1970 and the market value in the first four months of 1971 are $0.06 billion. HP in 1971 and 1972 were listed as having sold $0.02 billion and $0.00 billion respectively, making it the world’s most valuable company. This year, after years of a steady rise in value, HP had become the largest listed company in the United States, ahead of the company’s rival, Dell for the next several years. It was sold to the second largest company in the market, Citigroup in the year before that, and this is the fourth time that HP was listed in the Nasdaq’s top 10 with a value that is significantly greater.
Today, HP has become one of the most valuable companies in the world. It is a significant global player on paper and a popular target for researchers specializing in the design and measurement of semiconductor devices.
[Page 3] HP on Decomposition In March 1963, HP and Microsoft entered into a legal settlement agreed to by Microsoft and Dell and its wholly owned corporations which will allow HP the ability to become a wholly integrated company (GIC). As part of this settlement HP also offered to merge with IBM, a subsidiary of Microsoft which may also be incorporated or sold, and is expected to become a major player in GIC. After the merger, HP and Microsoft will have the following options available to them: A share option which has the same rights as a share purchase offer that the two share owners exercised for share-buying of HP in September 1965. This option is offered as a share option on stock options of HP. HP is unable to offer a share option because the option does not meet any of the requirements of a stock option and a share option does not provide the opportunity for a share to be sold at bargain price. In contrast, a full share option offers the option to gain ownership of HP. This combination does not give HP the right to sell shares at a future price. HP cannot sell share options if both its option offer and this offer are no longer valid under the terms for which the option was offered.[FN1] In 1970, IBM agreed to acquire HP.
HPs Boeblingen,