Case Study - Hp

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CASE STUDY – Hewlett Packard Hewlett Packard was founded in 1938 in Palo Alto California. William Hewlett and Dave Packard, two Stanford University graduates, started the company with an investment of $538 and the rental of a one car garage. Hewlett Packard is a technology company that provides products, technologies, software, solutions and services to individual consumers, small-and medium-sized business(“SMBs”) and large enterprises, including customers in the government, health and education sectors” (pg3, HP annual report). Hewlett and Packard started the company with an investment of $538 and the rental of a one car garage. Their first marketable product is an audio oscillator which they are able to sell ten units to the Walt Disney Company. By 1942, the company has grown to eight employees and is worth $522,803 (Hewlett Packard website). In 1947, the company incorporates and has moved into its own building. Hp has grown to 111 employees , which they encourage to be innovative above all. With the invention of the frequency counter in the 1950’s, HP sees a soar in their revenue . The company goes public, moves into a larger headquarters, and goes global. By the end of the 50’s, HP has 1,778 employees and is worth $28 million. During the1960’s and 1970’s, Hewlett Packard continues to see tremendous growth. The company has produced several inventions such as the atomic clock which revolutionized the accuracy of time around the world. Hp also puts out its first calculator, pocket calculator, Japanese character calculator, and personal computer. For the, for the first time, makes the fortune 500 list and overseas revenue soars to exceed that in the United States. By the end of the 70’s, the company is estimated to be worth a whopping $2.4 billion with roughly 52 thousand employees around the world! By the 1980’s,

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