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Hewlett and Packard worked on counter-radar technology and artillery shell proximity fuzes during World War II the work exempted Packard from the draft, but Hewlett had to serve as an officer in the Army Signal Corps after being called to active duty.
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HP's profit at the end of 1939, its first full year of business, was $1,563 on revenues of $5,369. One of the company's earliest customers was Bud Hawkins, chief sound engineer for Walt Disney Studios, who bought eight HP 200B audio oscillators (at $71.50 each) to be used in the animated film Fantasia.
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The 200 series of generators continued production until at least 1972 as the 200AB, still tube-based but improved in design through the years. This allowed the HP 200A to be sold for $89.40 when competitors were selling less stable oscillators for over $200. Hewlett and Packard's first financially successful product was a precision audio oscillator known as the HP 200A, which used a small incandescent light bulb (known as a "pilot light") as a temperature dependent resistor in a critical portion of the circuit, and a negative feedback loop to stabilize the amplitude of the output sinusoidal waveform. HP was incorporated on August 18, 1947, and went public on November 6, 1957. They tossed a coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. In 1939, Hewlett and Packard decided to formalize their partnership. In 1938, Packard and Hewlett began part-time work in a rented garage with an initial capital investment of US$538 (equivalent to $10,357 in 2021). The company started in a garage in Palo Alto during a fellowship they had with past professor Frederick Terman at Stanford during the Great Depression, who they considered a mentor in forming the company. īill Hewlett and David Packard graduated with degrees in electrical engineering from Stanford University in 1935.
HP retained the personal computer and printer businesses and was renamed HP Inc. On November 1, 2015, the company spun off its enterprise products and services business Hewlett Packard Enterprise. On September 2, 2010, HP won its bidding war for 3PAR with a $33 a share offer ($2.07 billion), which Dell declined to match. On April 28, 2010, HP announced its buyout of Palm, Inc. In November 2009, HP announced its acquisition of 3Com, and closed the deal on April 12, 2010. It merged with Compaq in 2002, and acquired Electronic Data Systems in 2008, which led to combined revenues of $118.4 billion that year and a Fortune 500 ranking of 9 in 2009. In 1999, HP spun off its electronic and bio-analytical test and measurement instruments business into Agilent Technologies HP retained focus on its later products, including computers and printers. It also offered services and a consulting business for its products and partner products.
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The company directly marketed its products to households small- to medium-sized businesses and enterprises, as well as via online distribution consumer-electronics and office-supply retailers software partners and major technology vendors. Major product lines included personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software, and a range of printers and other imaging products. HP specialized in developing and manufacturing computing, data storage, and networking hardware designing software and delivering services.
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HP was the world's leading PC manufacturer from 2007 until the second quarter of 2013, when Lenovo moved ahead of HP. The company grew into a multinational corporation widely respected for its products. The company won its first big contract in 1938 to provide test and measurement instruments for Walt Disney's production of the animated film Fantasia, which allowed Hewlett and Packard to formally establish the Hewlett-Packard Company on July 2, 1939. 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 was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. HP 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 Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( / ˈ h juː l ɪ t ˈ p æ k ər d/ HYEW-lit PAK-ərd) or HP, was an American multinational information technology company headquartered in Palo Alto, California.
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