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Hewlett-Packard is Incorporated | On This Day
Bloomberg Televisionยท2025-08-18 21:09

Company History & Evolution - Hewlett-Packard (HP) was incorporated on August 18, 1947, from a 9-year partnership [1] - Initially focused on audio oscillators, with Disney as a notable early customer [1] - Expanded beyond oscillators into electronics, servers, and PCs [2] - HP's 9100A is considered an early personal computer, though more like a calculator [2] - Steve Wozniak's PC design was rejected by HP, leading to the creation of the Apple 1 [2][3] - Became the largest PC maker by revenue in the 2000s [3] Challenges & Restructuring - Experienced revenue decline and stock price issues due to acquisitions and product failures [4] - Hired and fired three CEOs within a seven-year period in the early 2000s [4] - In 2015, HP split into two companies: a PC business and an enterprise services company [4][5] Legacy & Impact - The garage at 367 Addison Avenue in Palo Alto is considered the "birthplace of Silicon Valley" [5] - HP's legacy fostered the growth of numerous tech companies in Silicon Valley [6]