We all are pretty familiar with the top Information Technology companies, and one of those widely known is 'Hewlett-Packard (HP)'. The foundation of this company was laid back in 1939 by two genius co-founders Bill Hewlett and David Packard, who were then fresh grads of Stanford University. Both the geniuses shared studied the same degree i.e., Electrical Engineering. They started working on the project to invent a precision audio oscillator, also known as the Model HP200A. They had the supervision of their professor, Fredrick Terman.The company was initially started with an investment of $538 in Packard's garage. However, the name of the company was decided upon tossing a coin between Hewlett-Packard and Packard-Hewlett, and you all know who won. The first product i.e., the Model HP200A, came out to be quite efficient and inexpensive, which was also used up by Walt Disney Productions for better sound systems in the theatres. By now, HP company is one of the leading IT companies renowned worldwide and produces an extensive range of products.
From 1943, HP started produces different products that gained enormous success and fame, which led them to continue the hard work even more. In 1957, in an initial public offering, the company finally went public. The company ultimately went global in 1959. In the 2000s, HP rapidly embraced the latest technology and incorporated it into their products for a better and more effective outcome.
HP’s sole purpose since the beginning was to make maximum use of the resources and technology around. The company earned so much fame because of the high-quality products they provide, no matter what, HP never compromised on quality.
In 2012-13, HP faced a massive deterioration in sales profit, which led to the deduction of about 34000 jobs in a single year. Every business has to deal with ups and downs, and HP, a multinational company, also went through the thick and thin. Despite the gains and losses, HP still produces a wide range of products from personal computers to several other electronic devices that do not fail to amaze the customers.
Establishing a company from scratch requires immense hard work, investment, intelligent brains, and above all, a lot of patience; however, Hewlett and Packard had it all.
Infographic by: Infoclutch.com