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Hewlett-Packard
This snapshot deals with Hewlett-Packard, the US-based
electronics group that has expanded from instrument manufacture
to printers and network management software.
It covers -
introduction
[under development]
the enterprise
The
company was founded in 1939 as Hewlett Packard (in a garage
in what became Silicon Valley) merged in 2002 with Compaq
Computer Corporation.
HP had combined revenue of approximately US$81.7 billion
in 2001, with operations in over 160 countries. At that
time it embraced including enterprise storage, servers
and management software; printer hardware, digital imaging
devices such as cameras and scanners, and activity in
the commercial printing market; IT services for business;
personal-computing solutions such as desktop PCs, notebooks
and handhelds.
In 2006 HP agreed to pay US$4.5 billion to acquire Mercury
Interactive, a software company facing difficulties with
the SEC over backdating of stock options. HP promoted
the acquisition as crucial for marketing 'the data center
of the future'. Although Hewlett-Packard reported that
revenue from its OpenView software (server, data storage
and computer network management) had been growing by around
20% year over year, Hp's overall software operations were
not very profitable. The Mercury acquisition was expected
to increase operating margins in Hp's software arm to
20% of revenue in 2008 (up from margins of around 1% in
2006), with annual revenue from software climbing to over
US$2 billion.
studies
David Packard, one of the grand-daddies of Silicon
Valley, described his partnership with William Hewlett
in The hp Way: How Bill Hewlett & I built our
company (New York: Harper 1996).
Deone Zell's Changing by Design: Organizational Innovation
at Hewlett-Packard (Ithaca: Cornell Uni Press 1997)
is a specialist academic study, less approachable than
Michael Malone's Bill & Dave: How Hewlett and
Packard Built the World's Greatest Company (New York:
Portfolio 2007).
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