Hewlett-Packard Company (NYSE: HPQ), commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and Dave Packard, and is now one of the world's largest information technology companies, operating in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise & industry standard servers, related storage devices, networking products, software and a diverse range of printers, all-in-one's and other imaging products. HP markets its products to households, small- to medium-sized businesses and enterprises directly as well as via online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors. HP also has strong services and consulting business around its products and partner products.
HP's posted net revenue in 2010 was $126.3 billion, in 2009 net revenue was $115 billion, with approximately $40 billion coming from services. In 2006, the intense competition between HP and IBM tipped in HP's favor, with HP posting revenue of US$91.7 billion,[2] compared to $91.4 billion for IBM; the gap between the companies widened to $21 billion in 2009. In 2007, HP's revenue was $104 billion,[3] making HP the first IT company in history to report revenues exceeding $100 billion.[4] In 2008 HP retained its global leadership position in inkjet, laser, large format and multi-function printers market, and its leadership position in the hardware industry.[5] Also HP became #2 globally in IT services as reported by IDC & Gartner.[6]
Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS in 2008, which led to combined revenues of $118.4 billion in 2008 and a Fortune 500 ranking of 9 in 2009.[6] In November 2009, HP announced the acquisition of 3Com;[7] with the deal closing on April 12, 2010.[8] On April 28, 2010, HP announced the buyout of Palm for $1.2 billion.[9] On September 2, 2010, won its bidding war for 3PAR with a $33 a share offer ($2.07 billion) which Dell declined to match.[10]
On August 6, 2010, CEO Mark Hurd resigned.[11] Cathie Lesjak assumed the role of interim CEO, and on September 30, 2010, Léo Apotheker became HP's new permanent CEO and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, was elected to the position of non-executive Chairman. Both appointments were effective November 1, 2010.
Hewlett-Packard Company (HP), incorporated in 1947, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its operations are organized into seven segments: Services, Enterprise Storage and Servers (ESS), HP Software, the Personal Systems Group (PSG), the Imaging and Printing Group (IPG), HP Financial Services (HPFS), and Corporate Investments. Services, ESS and HP Software are reported collectively as a broader HP Enterprise Business. In April 2010, the Company completed its acquisition of 3Com Corporation. In July 2010, the Company completed the acquisition of Palm, Inc. (Palm), In September 2010, the Company acquired Fortify Software. In September 2010, the Company acquired 3PAR Inc., a global provider of utility storage. In October 2010, the Company acquired ArcSight, Inc., a security and compliance management company.
The Company’s offerings include multi-vendor customer services, including infrastructure technology and business process outsourcing, technology support and maintenance, application development and support services and consulting and integration services. It also provides enterprise information technology infrastructure, including enterprise storage and server technology, networking products and solutions, information management software and software that optimizes business technology investments; personal computing and other access devices, and imaging and printing-related products and services.
Services
Services provide consulting, outsourcing and technology services across infrastructure, applications and business process domains. Services delivers to its clients by leveraging investments in consulting and support professionals, infrastructure technology, applications, standardized methodologies, and global supply and delivery. Services is divided into four main business units: infrastructure technology outsourcing, technology services, applications services and business process outsourcing. Infrastructure technology outsourcing delivers services that streamline and optimize its clients' infrastructure to improve performance, reduce costs, mitigate risk and enable business change. These services encompass the data center and the workplace (desktop); network and communications, and security, compliance and business continuity. It also offers a set of managed services, providing a cross-section of its broader infrastructure services for smaller discrete engagements.
HP provides consulting and support services, as well as warranty support across HP's product lines. HP specializes in keeping technology running with services, converged infrastructure services, networking services, data center transformation services and infrastructure services for storage, server and unified communication environments. HP's technology services offerings are available in the form of service contracts, pre-packaged offerings (HP Care Pack services) or on an individual basis. Applications services help clients revitalize and manage their applications assets through flexible, project-based, consulting services and longer-term outsourcing contracts. These full life cycle services consist of application development, testing, modernization, system integration, maintenance and management. Business process outsourcing is powered by a platform of underlying infrastructure technology, applications and standardized methodologies and is supplemented by information technology (IT) experience and in-depth, industry-specific knowledge. These services consist of both industry-specific and cross-industry solutions. Its cross-industry solutions include a range of enterprise shared services, customer relationship management services, financial process management services and administrative services.
Enterprise Storage and Servers
ESS provides storage and server products in a number of categories, including industry standard servers, business critical systems and storage. Industry standard servers include primarily entry-level and mid-range ProLiant servers, which run primarily Windows, Linux and Novell operating systems and leverage Intel Corporation (Intel) and Advanced Micro Devices (AMD) processors. The business spans a range of product lines that include pedestal-tower servers, density-optimized rack servers and HP's BladeSystem family of server blades.
Business Critical Systems include HP Integrity servers based on the Intel Itanium-based processor that run HP-UX, Windows and OpenVMS operating systems, as well as fault-tolerant HP Integrity NonStop solutions. Business Critical Systems also include HP's scale-up x86 ProLiant servers with more than four processors. In addition, HP supports the HP9000 servers and HP AlphaServers with compelling offers available to upgrade these legacy systems to current HP Integrity systems. During the fiscal year ended October 31, 2010 (fiscal 2010), it introduced new Integrity blade servers and the Superdome 2 server solution based on the BladeSystem architecture. HP's StorageWorks offerings include entry-level, mid-range and high-end arrays, storage area networks, network attached storage, storage management software and virtualization technologies, as well as StoreOnce data deduplication solutions, tape drives, tape libraries and optical archival storage.
HP Software
HP Software is a provider of enterprise and service-provider software and services. Its portfolio consists of enterprise IT management software, information management and business intelligence solutions, and communications and media solutions. Enterprise IT management solutions, including support and professional services, allow customers to manage IT infrastructure, operations, applications, IT services and business processes. These solutions also include tools to automate data center operations and IT processes. Its information management and business intelligence solutions include information data strategy, enterprise data warehousing, data integration, data protection, archiving, compliance, e-discovery and records management products. Its communications and media industry solutions address the creation, delivery and management of consumer and enterprise communications services, with offerings in service delivery infrastructure and applications, real-time business support systems, next-generation operations support systems and digital media.
Personal Systems Group
PSG is a provider of personal computers (PCs) in the world based on unit volume shipped and annual revenue. PSG provides commercial PCs, consumer PCs, workstations, handheld computing devices, calculators and other related accessories, software and services for the commercial and consumer markets. It groups commercial desktops, commercial notebooks and workstations into commercial clients and consumer desktop and consumer notebooks into consumer clients when describing its performance in these markets. Commercial PCs are optimized for commercial uses, including enterprise and SMB customers, and for connectivity and manageability in networked environments. Commercial PCs include HP Compaq, HP Pro and HP Elite lines of business desktops and notebooks, as well as the all-in-One TouchSmart and Omni PCs, HP Mini-Note PCs, HP Blade PCs, Retail POS systems and HP TwinClients.
Consumer PCs include the HP and Compaq series of multi-media consumer desktops, notebooks and mini notebooks, including the TouchSmart line of touch-enabled all-in-one desktops and notebooks. Workstations are individual computing products designed for users demanding improved performance, such as computer animation, engineering design and other programs requiring high-resolution graphics. PSG provides workstations that run on both Windows and Linux-based operating systems. PSG provides a series of HP iPAQ Pocket PC handheld computing devices that run on Windows Mobile software. These products range from basic PDAs to advanced smartphone devices with voice and data capability.
Imaging and Printing Group
IPG provides consumer and commercial printer hardware, printing supplies, printing media and scanning devices. IPG is also focused on imaging solutions in the commercial markets. These solutions range from managed print services solutions to addressing new growth opportunities in commercial printing and capturing high-value pages in areas, such as industrial applications, outdoor signage and the graphic arts business. Inkjet and Web solutions include HP's consumer and SMB inkjet solutions (hardware, supplies and media) and HP's retail and Web businesses. These solutions include single function and all-in-one inkjet printers targeted toward consumers and SMBs, as well as retail publishing solutions, Snapfish and Logoworks.
LaserJet and enterprise solutions include LaserJet printers and supplies, multi-function printers (MFDs), scanners, and enterprise software solutions, such as Exstream Software and Web Jetadmin. Managed enterprise solutions include managed print services products and solutions delivered to enterprise customers partnering with third-party software providers to offer workflow solutions in the enterprise environment. Graphics solutions include large format printing (Designjet and Scitex), large format supplies, WebPress supplies, Indigo printing, specialty printing systems and inkjet high-speed production solutions. Printer supplies include LaserJet toner and inkjet printer cartridges, graphic solutions ink products and other printing-related media.
HP Financial Services
HPFS supports and improves HP's global product and service solutions, providing a range of value-added financial life cycle management services. HPFS enables its worldwide customers to acquire complete IT solutions, including hardware, software and services. The Company offers leasing, financing, utility programs and asset recovery services, as well as financial asset management services for large global and enterprise customers. HPFS also provides a range of specialized financial services to SMBs and educational and governmental entities.
Corporate Investments
Corporate Investments includes Hewlett-Packard Laboratories, also known as HP Labs, network infrastructure products, mobile devices associated with the Palm acquisition, and certain business incubation projects. Revenue in this segment is attributable to the sale of certain network infrastructure products, including Ethernet switch products that improve computing and enterprise solutions under the ProCurve, 3Com and TippingPoint brands. The segment also includes certain video collaboration products sold under the brand Halo, and Palm smartphones, which are targeted at the consumer segment and include the Pixi and Pre models running on the WebOS operating system. Corporate Investments also derives revenue from licensing specific HP technology to third parties.
The Company competes with International Business Machines Corporation, EMC Corporation, NetApp, Inc., Dell, Inc., IBM Global Services, Computer Sciences Corporation, Accenture Ltd., Fujitsu Limited, Wipro Limited, Infosys Technologies Limited, Tata Consultancy Services Ltd., SAP, AG, Oracle Corporation, Microsoft Corporation, CA, Inc., BMC Software, Inc., Symantec Corporation, Teradata Corporation, Acer Inc., ASUSTeK Computer Inc., Apple Inc., Lenovo Group Limited, Toshiba Corporation, Canon U.S.A., Inc., Lexmark International, Inc., Xerox Corporation, Seiko Epson Corporation, Samsung Electronics Co., Ltd., Brother Industries, Ltd. and IBM Global Financing.
In the wake of disappointing earnings and shareholder suits, President Pfeiffer resigned and was replaced as President and CEO by Michael D. Capellas, who had joined the company in 1998. Capellas issued more layoffs and organized the company around three global businesses groups-Enterprise Solutions and Services, Commercial Personal Computing, and Consumer. A restructuring plan was implemented to drive down costs and operating expenses. During the second half of the year, Compaq returned to profitability, reduced operating expenses and began to focus on increasing growth and stockholder value. Strategic alliances with Microsoft and Oracle were re-energized and a strategic partnership was formed with CMGI, by which CMGI would acquire control of Compaq's Alta Vista business and its related properties (Shopping.com and Zip2). Innovative products and services were introduced, including the Aero 8000, the world's most secure, mobile and easy-to-use Handheld PC Professional device; and the light-weight portable projector, MP1600.
Capellas saw Compaq "guided by a single, focused vision: Everything to the Internet." At the end of 1999, Compaq joined forces with Cable & Wireless to deliver global e-business solutions; in 2000 acquired PC reseller Inacom; and created Custom Edge, Inc., a direct sales unit. In April, a 10-year corporate alliance was announced with The Walt Disney Company. In technology, the iPAQ Pocket PC was introduced and earned the first ZDNet "tech Trendsetter Award."
By mid-year, the Compaq started showing significant progress and by the end of the year, revenue was up 10 percent, gross margin was up almost one percentage point, operating expenses were down, operating profit was up more than threefold, and earnings per share more than tripled from 1999. Capellas credited the success to Compaq's enterprise business, particularly the high-end storage and server businesses. Compaq was the number one provider of Web servers, number one in the highest measure of system availability and number one in high-performance technical computing.
1999 HP Plans to Spin Off Noncomputing Lines
In late 1998, HP launched a comprehensive review of its operations and announced in early 1999 its intention to spin off into a separate firm, Agilent Technologies, its noncomputing segments: test and measurement products and service, medical electronic products and service, electronic components, and chemical analysis and service. These segments generated about $7.6 billion in revenues during 1998, or 16 percent of the total. Hewlett-Packard hoped this major divestment--which included the company's original lines of business--would sharpen the firm's competitive instincts, energize its workforce, and enable it to become a more aggressive player in the increasingly important sphere of the Internet. The company also announced that upon completion of the spinoff, Platt would step down as chairman and CEO.
In July 1999, HP named the 20-year veteran of AT&T and Lucent Technologies, Carleton (Carly) S. Fiorina as President and CEO. Fiorina was responsible for HP's reinvention as a company that makes the Internet work for businesses and consumers. According to Fiorina, the reinvention of the company resulted from the goal "to restructure and revitalize ourselves to recapture the spirit of invention that is our birthright and apply it to meeting customer needs." Under her leadership, HP returned to its roots of innovation and inventiveness and focused on delivering the best total customer experience.
HP revealed a new strategy designed for the Internet, based on Web services to people and businesses through the use of information appliances over infrastructure solutions. HP positioned itself to deliver Web services, intelligent devices and servers and infrastructure of servers and software. By the end of the year, HP had introduced a new brand campaign focusing on the company's history of invention and innovation and introducing a new company logo. Under Fiorina's direction, HP also realigned its businesses into two customer-facing organizations and three product-generation organizations.
In 2000, HP introduced the high-end Superdome server line and announced that it would acquire Bluestone Software, resulting in the further expansion of its Internet software portfolio. A new business initiative, HP e-Inclusion, was introduced. This program addressed the digital divide by fostering sustainable, profitable businesses in developing countries.
Two new software families were introduced in early 2001--HP Netaction Software Suite and HP Open View Software Suite--thus, uniting its software offerings into a comprehensive platform for developing, implementing and maintaining Internet-based services. A new business organization, HP Services, was announced in March, with responsibilities in consulting, outsourcing, support, education and solutions deployment.
In 2001, Compaq continued to shift its emphasis from hardware to services, comprising 24 percent of Compaq's revenue in 2001. The Global Services unit of the company continued to be the company's strongest segment. Compaq's Alpha microprocessor operations were sold to Intel and a comprehensive global technology and marketing alliance was announced with Yahoo!. Computing on Demand was introduced which would allow customers to purchase a variety of computing resources.
Acquisitions and a Merger of Worldwide Importance
In September HP acquired StorageApps, manufacturer of storage virtualization appliances, and Indigo, a leading commercial and industrial printing systems company. Perhaps the biggest news to the industry occurred on September 3, 2001, when HP and Compaq Computer Corporation announced a definitive agreement to merge, creating a new $87 billion global technology leader.
On May 3, 2002, Hewlett-Packard officially closed its $19 billion acquisition of Compaq Computer Corporation. Compaq investors received 0.6325 shares of Hewlett-Packard for every Compaq share they owned, and Compaq stock ceased being traded. HPQ became the new stock ticker for the combined company. Ms. Fiorina retained her position as Chairman and CEO of the new HP. Former Compaq president and merger coauthor, Michael Capellas, became president of the new HP, with responsibilities for the new company's global business groups, worldwide sales, supply chain management and e-commerce operations. According to Chairman Fiorina, "We merged Compaq and HP to create a stronger company to serve our customers--a company with a richer portfolio of products and solutions and a deeper services team." The new HP was officially launched on May 7, 2002, with an ad titled "We Are Ready."
Principal Subsidiaries:HEWLETT-PACKARD: Hewlett-Packard Puerto Rico; Hewlett-Packard World Trade, Inc.; Heartstream, Inc.; Microsensor Technology, Inc.; VeriFone, Inc.; Hewlett-Packard Asia Pacific Ltd. (Hong Kong); Hewlett-Packard Caribe Ltd. (Cayman Islands); HP Computadores (Brazil); Hewlett-Packard Computer Products (Shanghai) Co., Ltd. (China); Hewlett-Packard de Mexico S.A. de C. V.; Hewlett-Packard Espanola, S.A. (Spain); Hewlett-Packard Europe B.V. (The Netherlands); Hewlett-Packard France; Hewlett-Packard GmbH (Germany); Hewlett-Packard Holding GmbH (Germany); Hewlett-Packard (India) Software Operation Pte. Ltd.; Hewlett-Packard Italiana S.p.A. (Italy); Hewlett-Packard Japan, Ltd.; Hewlett-Packard Korea Ltd.; Hewlett-Packard Ltd. (U. K.); Hewlett-Packard (Malaysia) Sdn. Bhd.; Hewlett-Packard Malaysia Technology Sdn. Bhd.; Hewlett-Packard (Manufacturing) Ltd. (Ireland); Hewlett-Packard Medical Products (Qingdao) Ltd. (China); Hewlett-Packard Microwave Products (M) Sdn. Bhd. (Malaysia); Hewlett-Packard Penang Sdn. Bhd. (Malaysia); Hewlett-Packard S.A. (Switzerland); Hewlett-Packard Shanghai Analytical Products Co., Ltd. (China); Hewlett-Packard Singapore Pte. Ltd.; Hewlett-Packard Singapore Vision Operation Pte. Ltd.; BT&D Technologies Ltd. (U. K.); CoCreate Software GmbH (Germany); Shanghai Hewlett-Packard Company (China); Technologies et Participations S.A. (France). COMPAQ: Digital Equipment Corporation; Microcom, Inc.; Tandem Computers Incorporated; Compaq Computer Australia Pty. Limited; Compaq Computer GesmbH (Austria); Compaq Computer N.V./S.A. (Belgium); Compaq Canada Inc.; Compaq Computer A/S (Denmark); Compaq Computer OY (Finland); Compaq Computer S.A.R.L. (France); Compaq Computer GmbH (Germany); Compaq Computer Hong Kong Limited; Compaq Computer S.p.A. (Italy); Compaq K.K. (Japan); Compaq Computer B.V. (Netherlands); Compaq Computer New Zealand Limited; Compaq Computer Norway A.S.; Compaq Computer Asia Pte. Ltd. (Singapore); Compaq Computer S.A. (Spain); Compaq Computer AB (Sweden); Compaq Computer AG (Switzerland); Compaq Computer Taiwan Limited; Compaq Computer Limited (U. K.).
Principal Operating Units:Chemical Analysis Group; Components Group; Consumer Products Group; Enterprise Computing Solutions Organization; HP Labs; Information Storage Group; LaserJet Solutions Group; Medical Products Group; Personal Systems Group; Test and Measurement Organization.
Principal Competitors:Canon; Dell Computer; IBM; Apple Computer; eMachines; Gateway; NCR; NEC; Siemens; Sony; Sun Microsystems.
OVERALL
Beta: 1.01
Market Cap (Mil.): $88,310.02
Shares Outstanding (Mil.): 2,163.93
Annual Dividend: 0.32
Yield (%): 0.78
FINANCIALS
HPQ Industry Sector
P/E (TTM): 10.37 13.11 19.00
EPS (TTM): 18.89 -- --
ROI: 12.28 16.41 16.10
ROE: 22.01 18.32 17.76
Statistics:
Public Company
Incorporated: 1947
Employees: 86,200 (2001)
Sales: $45.2 billion (2001)
Stock Exchanges: New York Pacific Frankfurt London Paris Tokyo Zürich
Ticker Symbols: HWP (2001); HPQ (2002)
NAIC: 334111 Electronic Computer Manufacturing; 334112 Computer Storage Device Manufacturing; 334119 Other Computer Peripheral Equipment Manufacturing; 333313 Office Machinery Manufacturing; 334413 Semiconductors & Related Device Manufacturing; 334613 Magnetic & Optical Recording Media Manufacturing; 334519 Other Measuring & Controlling Device Manufacturing; 334510 Electromedical & Electrotherapeutic Apparatus Manufacturing; 511210 Software Publishers; 541512 Computer Systems Design Services; 811212 Computer & Office Machine Repair & Maintenance
Key Dates:
1939: William Hewlett and David Packard enter into a partnership; Hewlett-Packard (HP) is born.
1940: HP operations begin in Palo Alto, California.
1947: HP is incorporated.
1951: HP introduces the HP524A high-speed counter.
1957: HP shares are offered to the public.
1958: HP acquires F.L. Moseley Company, manufacturer of graphic recorders.
1959: HP establishes a marketing office in Geneva and a manufacturing facility in Boeblingen, West Germany.
1960: HP opens factory in Loveland, Colorado.
1961: HP purchases the Sanborn Company, a medical instruments manufacturer and is listed on the New York Stock Exchange.
1966: HP develops its first computer.
1969: David Packard is appointed deputy secretary of defense under U.S. President Nixon.
1972: HP introduces a handheld scientific calculator, the HP-35; HP introduces the HP3000 microcomputer.
1977: Bill Hewlett relinquishes his role as president of HP to John Young.
1980: HP introduces its first personal computer, the HP-85.
1982: Compaq Computer Corporation is founded.
1983: Compaq initial public offering raises $67 million; securities are traded on NASDAQ.
1984: HP's LaserJet printer makes its debut; Compaq computers are introduced in Europe; Compaq introduces the first Compaq desktop, the Compaq Deskpro.
1985: Compaq securities begin trading on the New York Stock Exchange.
1986: Compaq ships its 500,000th personal computer and completes construction of Compaq Main Campus in Houston.
1987: Compaq manufactures its one-millionth personal computer and opens manufacturing facility in Scotland.
1988: HP's stock begins trading on the Tokyo stock exchange.
1989: HP purchases Apollo Computer; Compaq purchases Wang facility in Stirling, Scotland; Compaq introduces Compaq Systempro and the first Compaq notebook PC, the Compaq LTE.
1990: Compaq establishes East European sales organization and opens office in Berlin.
1991: HP introduces the 95LX palmtop personal computer; Eckhard Pfeiffer is named CEO of Compaq; Compaq announces its first billion-dollar quarter; Compaq enters the Japanese marketplace and introduces its first modular PC, the Compaq Deskpro/M family.
1992: Lewis E. Platt replaces Young as head of HP; Compaq introduces its first printer product, the Compaq Pagemarq; Compaq computer training center is established in China.
1993: Packard retires and Platt is named chairman, president and CEO of HP; Compaq introduces Compaq DirectPlus and delivers first Pentium processor-based products; Compaq's PC Division is split into Desktop and Notebook PC divisions; Presario family is launched; Compaq's printer business is discontinued.
1994: Compaq surpasses IBM as the number one seller of PCs worldwide; Compaq introduces first sub-notebook, Compaq Aero; Compaq opens a manufacturing facility in Brazil.
1995: HP launches the Pavilion line of home computers. Compaq is awarded Europe's largest-ever PC contract with British Telecom; HP opens manufacturing facility in China; HP acquires Thomas-Conrad and NetWorth.
1996: HP co-founder, David Packard dies on March 26, 1996; Compaq introduces its handheld PC, the PC companion, and its Armada family of value-priced, flexible notebooks.
1997: HP acquires Verifone, Inc., maker of in-store terminals for verifying credit card transactions; Compaq announces the new Presario 2000 series and introduces the TFT 500, flat-panel monitor; Compaq acquires Microcom and Tandem Computer Inc.
1998: Forbes magazine names Compaq its 1997 Company of the Year; the U.S. Environmental Protection Agency names Compaq the "Green Lights Corporate Partner of the Year"; Compaq is also awarded Novell's Service Excellence Award; Compaq acquires Digital Equipment Corporation.
1999: HP president Platt retires and Lucent-executive Carly Fiorina is appointed president and CEO.
2000: Compaq acquires assets of Inacom and creates Custom Edge, Inc.; Compaq announces 10-year corporate alliance with The Walt Disney Company; Compaq unveils iPAQ Pocket PC.
2001: HP co-founder Bill Hewlett dies on January 12, 2001; HP acquires application server specialist Bluestone Software; Compaq creates the AltaVista Company and acquires Shopping.com; Michael D. Capellas is appointed president and chief executive officer of Compaq; Compaq and Yahoo! announce a comprehensive global technology and marketing alliance; Compaq unveils "Evo" notebooks and workstations; Hewlett-Packard and Compaq announce their planned merger.
2002: HP and Compaq merge on May 3, 2002; HPQ is unveiled as new stock ticker for combined company.
Name Age Since Current Position
Lane, Raymond 63 2010 Independent Non-Executive Chairman of the Board
Apotheker, Leo 57 2010 President, Chief Executive Officer, Director
Lesjak, Catherine 51 2010 Chief Financial Officer, Executive Vice President
Bocian, Peter 56 2008 Executive Vice President, Chief Administrative Officer
Mott, Randall 54 2005 Executive Vice President, Chief Information Officer
Robison, Shane 57 2002 Executive Vice President, Chief Strategy and Technology Officer
Homlish, Martin 2011 Executive Vice President, Chief Marketing Officer
Holston, Michael 48 2007 Executive Vice President, General Counsel, Secretary
Keogh, Tracy 48 2011 Executive Vice President - Human Resources
Livermore, Ann 52 2004 Executive Vice President - HP Enterprise Business
Joshi, Vyomesh 56 2002 Executive Vice President - Imaging and Printing Group
Bradley, R. Todd 52 2005 Executive Vice President - Personal Systems Group
Murrin, James 50 2007 Senior Vice President, Principal Accounting Officer, Controller
McMullen, John 52 2007 Senior Vice President, Treasurer
Humphries, Brian 2011 Senior Vice President - Growth Markets Organization
Babbio, Lawrence 66 2002 Independent Director
Hammergren, John 51 2005 Independent Director
Thompson, G. Kennedy 60 2006 Independent Director
Baldauf, Sari 56 2006 Independent Director
Gupta, Rajiv 66 2009 Independent Director
Andreessen, Marc 39 2009 Independent Director
Banerji, Shumeet 51 2011 Independent Director
Reiner, Gary 56 2011 Independent Director
Russo, Patricia 58 2011 Independent Director
Senequier, Dominique 57 2011 Independent Director
Whitman, Margaret 54 2011 Independent Director
Address:
3000 Hanover Street
Palo Alto, California 94304
U.S.A.
HP's posted net revenue in 2010 was $126.3 billion, in 2009 net revenue was $115 billion, with approximately $40 billion coming from services. In 2006, the intense competition between HP and IBM tipped in HP's favor, with HP posting revenue of US$91.7 billion,[2] compared to $91.4 billion for IBM; the gap between the companies widened to $21 billion in 2009. In 2007, HP's revenue was $104 billion,[3] making HP the first IT company in history to report revenues exceeding $100 billion.[4] In 2008 HP retained its global leadership position in inkjet, laser, large format and multi-function printers market, and its leadership position in the hardware industry.[5] Also HP became #2 globally in IT services as reported by IDC & Gartner.[6]
Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS in 2008, which led to combined revenues of $118.4 billion in 2008 and a Fortune 500 ranking of 9 in 2009.[6] In November 2009, HP announced the acquisition of 3Com;[7] with the deal closing on April 12, 2010.[8] On April 28, 2010, HP announced the buyout of Palm for $1.2 billion.[9] On September 2, 2010, won its bidding war for 3PAR with a $33 a share offer ($2.07 billion) which Dell declined to match.[10]
On August 6, 2010, CEO Mark Hurd resigned.[11] Cathie Lesjak assumed the role of interim CEO, and on September 30, 2010, Léo Apotheker became HP's new permanent CEO and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, was elected to the position of non-executive Chairman. Both appointments were effective November 1, 2010.
Hewlett-Packard Company (HP), incorporated in 1947, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Its operations are organized into seven segments: Services, Enterprise Storage and Servers (ESS), HP Software, the Personal Systems Group (PSG), the Imaging and Printing Group (IPG), HP Financial Services (HPFS), and Corporate Investments. Services, ESS and HP Software are reported collectively as a broader HP Enterprise Business. In April 2010, the Company completed its acquisition of 3Com Corporation. In July 2010, the Company completed the acquisition of Palm, Inc. (Palm), In September 2010, the Company acquired Fortify Software. In September 2010, the Company acquired 3PAR Inc., a global provider of utility storage. In October 2010, the Company acquired ArcSight, Inc., a security and compliance management company.
The Company’s offerings include multi-vendor customer services, including infrastructure technology and business process outsourcing, technology support and maintenance, application development and support services and consulting and integration services. It also provides enterprise information technology infrastructure, including enterprise storage and server technology, networking products and solutions, information management software and software that optimizes business technology investments; personal computing and other access devices, and imaging and printing-related products and services.
Services
Services provide consulting, outsourcing and technology services across infrastructure, applications and business process domains. Services delivers to its clients by leveraging investments in consulting and support professionals, infrastructure technology, applications, standardized methodologies, and global supply and delivery. Services is divided into four main business units: infrastructure technology outsourcing, technology services, applications services and business process outsourcing. Infrastructure technology outsourcing delivers services that streamline and optimize its clients' infrastructure to improve performance, reduce costs, mitigate risk and enable business change. These services encompass the data center and the workplace (desktop); network and communications, and security, compliance and business continuity. It also offers a set of managed services, providing a cross-section of its broader infrastructure services for smaller discrete engagements.
HP provides consulting and support services, as well as warranty support across HP's product lines. HP specializes in keeping technology running with services, converged infrastructure services, networking services, data center transformation services and infrastructure services for storage, server and unified communication environments. HP's technology services offerings are available in the form of service contracts, pre-packaged offerings (HP Care Pack services) or on an individual basis. Applications services help clients revitalize and manage their applications assets through flexible, project-based, consulting services and longer-term outsourcing contracts. These full life cycle services consist of application development, testing, modernization, system integration, maintenance and management. Business process outsourcing is powered by a platform of underlying infrastructure technology, applications and standardized methodologies and is supplemented by information technology (IT) experience and in-depth, industry-specific knowledge. These services consist of both industry-specific and cross-industry solutions. Its cross-industry solutions include a range of enterprise shared services, customer relationship management services, financial process management services and administrative services.
Enterprise Storage and Servers
ESS provides storage and server products in a number of categories, including industry standard servers, business critical systems and storage. Industry standard servers include primarily entry-level and mid-range ProLiant servers, which run primarily Windows, Linux and Novell operating systems and leverage Intel Corporation (Intel) and Advanced Micro Devices (AMD) processors. The business spans a range of product lines that include pedestal-tower servers, density-optimized rack servers and HP's BladeSystem family of server blades.
Business Critical Systems include HP Integrity servers based on the Intel Itanium-based processor that run HP-UX, Windows and OpenVMS operating systems, as well as fault-tolerant HP Integrity NonStop solutions. Business Critical Systems also include HP's scale-up x86 ProLiant servers with more than four processors. In addition, HP supports the HP9000 servers and HP AlphaServers with compelling offers available to upgrade these legacy systems to current HP Integrity systems. During the fiscal year ended October 31, 2010 (fiscal 2010), it introduced new Integrity blade servers and the Superdome 2 server solution based on the BladeSystem architecture. HP's StorageWorks offerings include entry-level, mid-range and high-end arrays, storage area networks, network attached storage, storage management software and virtualization technologies, as well as StoreOnce data deduplication solutions, tape drives, tape libraries and optical archival storage.
HP Software
HP Software is a provider of enterprise and service-provider software and services. Its portfolio consists of enterprise IT management software, information management and business intelligence solutions, and communications and media solutions. Enterprise IT management solutions, including support and professional services, allow customers to manage IT infrastructure, operations, applications, IT services and business processes. These solutions also include tools to automate data center operations and IT processes. Its information management and business intelligence solutions include information data strategy, enterprise data warehousing, data integration, data protection, archiving, compliance, e-discovery and records management products. Its communications and media industry solutions address the creation, delivery and management of consumer and enterprise communications services, with offerings in service delivery infrastructure and applications, real-time business support systems, next-generation operations support systems and digital media.
Personal Systems Group
PSG is a provider of personal computers (PCs) in the world based on unit volume shipped and annual revenue. PSG provides commercial PCs, consumer PCs, workstations, handheld computing devices, calculators and other related accessories, software and services for the commercial and consumer markets. It groups commercial desktops, commercial notebooks and workstations into commercial clients and consumer desktop and consumer notebooks into consumer clients when describing its performance in these markets. Commercial PCs are optimized for commercial uses, including enterprise and SMB customers, and for connectivity and manageability in networked environments. Commercial PCs include HP Compaq, HP Pro and HP Elite lines of business desktops and notebooks, as well as the all-in-One TouchSmart and Omni PCs, HP Mini-Note PCs, HP Blade PCs, Retail POS systems and HP TwinClients.
Consumer PCs include the HP and Compaq series of multi-media consumer desktops, notebooks and mini notebooks, including the TouchSmart line of touch-enabled all-in-one desktops and notebooks. Workstations are individual computing products designed for users demanding improved performance, such as computer animation, engineering design and other programs requiring high-resolution graphics. PSG provides workstations that run on both Windows and Linux-based operating systems. PSG provides a series of HP iPAQ Pocket PC handheld computing devices that run on Windows Mobile software. These products range from basic PDAs to advanced smartphone devices with voice and data capability.
Imaging and Printing Group
IPG provides consumer and commercial printer hardware, printing supplies, printing media and scanning devices. IPG is also focused on imaging solutions in the commercial markets. These solutions range from managed print services solutions to addressing new growth opportunities in commercial printing and capturing high-value pages in areas, such as industrial applications, outdoor signage and the graphic arts business. Inkjet and Web solutions include HP's consumer and SMB inkjet solutions (hardware, supplies and media) and HP's retail and Web businesses. These solutions include single function and all-in-one inkjet printers targeted toward consumers and SMBs, as well as retail publishing solutions, Snapfish and Logoworks.
LaserJet and enterprise solutions include LaserJet printers and supplies, multi-function printers (MFDs), scanners, and enterprise software solutions, such as Exstream Software and Web Jetadmin. Managed enterprise solutions include managed print services products and solutions delivered to enterprise customers partnering with third-party software providers to offer workflow solutions in the enterprise environment. Graphics solutions include large format printing (Designjet and Scitex), large format supplies, WebPress supplies, Indigo printing, specialty printing systems and inkjet high-speed production solutions. Printer supplies include LaserJet toner and inkjet printer cartridges, graphic solutions ink products and other printing-related media.
HP Financial Services
HPFS supports and improves HP's global product and service solutions, providing a range of value-added financial life cycle management services. HPFS enables its worldwide customers to acquire complete IT solutions, including hardware, software and services. The Company offers leasing, financing, utility programs and asset recovery services, as well as financial asset management services for large global and enterprise customers. HPFS also provides a range of specialized financial services to SMBs and educational and governmental entities.
Corporate Investments
Corporate Investments includes Hewlett-Packard Laboratories, also known as HP Labs, network infrastructure products, mobile devices associated with the Palm acquisition, and certain business incubation projects. Revenue in this segment is attributable to the sale of certain network infrastructure products, including Ethernet switch products that improve computing and enterprise solutions under the ProCurve, 3Com and TippingPoint brands. The segment also includes certain video collaboration products sold under the brand Halo, and Palm smartphones, which are targeted at the consumer segment and include the Pixi and Pre models running on the WebOS operating system. Corporate Investments also derives revenue from licensing specific HP technology to third parties.
The Company competes with International Business Machines Corporation, EMC Corporation, NetApp, Inc., Dell, Inc., IBM Global Services, Computer Sciences Corporation, Accenture Ltd., Fujitsu Limited, Wipro Limited, Infosys Technologies Limited, Tata Consultancy Services Ltd., SAP, AG, Oracle Corporation, Microsoft Corporation, CA, Inc., BMC Software, Inc., Symantec Corporation, Teradata Corporation, Acer Inc., ASUSTeK Computer Inc., Apple Inc., Lenovo Group Limited, Toshiba Corporation, Canon U.S.A., Inc., Lexmark International, Inc., Xerox Corporation, Seiko Epson Corporation, Samsung Electronics Co., Ltd., Brother Industries, Ltd. and IBM Global Financing.
In the wake of disappointing earnings and shareholder suits, President Pfeiffer resigned and was replaced as President and CEO by Michael D. Capellas, who had joined the company in 1998. Capellas issued more layoffs and organized the company around three global businesses groups-Enterprise Solutions and Services, Commercial Personal Computing, and Consumer. A restructuring plan was implemented to drive down costs and operating expenses. During the second half of the year, Compaq returned to profitability, reduced operating expenses and began to focus on increasing growth and stockholder value. Strategic alliances with Microsoft and Oracle were re-energized and a strategic partnership was formed with CMGI, by which CMGI would acquire control of Compaq's Alta Vista business and its related properties (Shopping.com and Zip2). Innovative products and services were introduced, including the Aero 8000, the world's most secure, mobile and easy-to-use Handheld PC Professional device; and the light-weight portable projector, MP1600.
Capellas saw Compaq "guided by a single, focused vision: Everything to the Internet." At the end of 1999, Compaq joined forces with Cable & Wireless to deliver global e-business solutions; in 2000 acquired PC reseller Inacom; and created Custom Edge, Inc., a direct sales unit. In April, a 10-year corporate alliance was announced with The Walt Disney Company. In technology, the iPAQ Pocket PC was introduced and earned the first ZDNet "tech Trendsetter Award."
By mid-year, the Compaq started showing significant progress and by the end of the year, revenue was up 10 percent, gross margin was up almost one percentage point, operating expenses were down, operating profit was up more than threefold, and earnings per share more than tripled from 1999. Capellas credited the success to Compaq's enterprise business, particularly the high-end storage and server businesses. Compaq was the number one provider of Web servers, number one in the highest measure of system availability and number one in high-performance technical computing.
1999 HP Plans to Spin Off Noncomputing Lines
In late 1998, HP launched a comprehensive review of its operations and announced in early 1999 its intention to spin off into a separate firm, Agilent Technologies, its noncomputing segments: test and measurement products and service, medical electronic products and service, electronic components, and chemical analysis and service. These segments generated about $7.6 billion in revenues during 1998, or 16 percent of the total. Hewlett-Packard hoped this major divestment--which included the company's original lines of business--would sharpen the firm's competitive instincts, energize its workforce, and enable it to become a more aggressive player in the increasingly important sphere of the Internet. The company also announced that upon completion of the spinoff, Platt would step down as chairman and CEO.
In July 1999, HP named the 20-year veteran of AT&T and Lucent Technologies, Carleton (Carly) S. Fiorina as President and CEO. Fiorina was responsible for HP's reinvention as a company that makes the Internet work for businesses and consumers. According to Fiorina, the reinvention of the company resulted from the goal "to restructure and revitalize ourselves to recapture the spirit of invention that is our birthright and apply it to meeting customer needs." Under her leadership, HP returned to its roots of innovation and inventiveness and focused on delivering the best total customer experience.
HP revealed a new strategy designed for the Internet, based on Web services to people and businesses through the use of information appliances over infrastructure solutions. HP positioned itself to deliver Web services, intelligent devices and servers and infrastructure of servers and software. By the end of the year, HP had introduced a new brand campaign focusing on the company's history of invention and innovation and introducing a new company logo. Under Fiorina's direction, HP also realigned its businesses into two customer-facing organizations and three product-generation organizations.
In 2000, HP introduced the high-end Superdome server line and announced that it would acquire Bluestone Software, resulting in the further expansion of its Internet software portfolio. A new business initiative, HP e-Inclusion, was introduced. This program addressed the digital divide by fostering sustainable, profitable businesses in developing countries.
Two new software families were introduced in early 2001--HP Netaction Software Suite and HP Open View Software Suite--thus, uniting its software offerings into a comprehensive platform for developing, implementing and maintaining Internet-based services. A new business organization, HP Services, was announced in March, with responsibilities in consulting, outsourcing, support, education and solutions deployment.
In 2001, Compaq continued to shift its emphasis from hardware to services, comprising 24 percent of Compaq's revenue in 2001. The Global Services unit of the company continued to be the company's strongest segment. Compaq's Alpha microprocessor operations were sold to Intel and a comprehensive global technology and marketing alliance was announced with Yahoo!. Computing on Demand was introduced which would allow customers to purchase a variety of computing resources.
Acquisitions and a Merger of Worldwide Importance
In September HP acquired StorageApps, manufacturer of storage virtualization appliances, and Indigo, a leading commercial and industrial printing systems company. Perhaps the biggest news to the industry occurred on September 3, 2001, when HP and Compaq Computer Corporation announced a definitive agreement to merge, creating a new $87 billion global technology leader.
On May 3, 2002, Hewlett-Packard officially closed its $19 billion acquisition of Compaq Computer Corporation. Compaq investors received 0.6325 shares of Hewlett-Packard for every Compaq share they owned, and Compaq stock ceased being traded. HPQ became the new stock ticker for the combined company. Ms. Fiorina retained her position as Chairman and CEO of the new HP. Former Compaq president and merger coauthor, Michael Capellas, became president of the new HP, with responsibilities for the new company's global business groups, worldwide sales, supply chain management and e-commerce operations. According to Chairman Fiorina, "We merged Compaq and HP to create a stronger company to serve our customers--a company with a richer portfolio of products and solutions and a deeper services team." The new HP was officially launched on May 7, 2002, with an ad titled "We Are Ready."
Principal Subsidiaries:HEWLETT-PACKARD: Hewlett-Packard Puerto Rico; Hewlett-Packard World Trade, Inc.; Heartstream, Inc.; Microsensor Technology, Inc.; VeriFone, Inc.; Hewlett-Packard Asia Pacific Ltd. (Hong Kong); Hewlett-Packard Caribe Ltd. (Cayman Islands); HP Computadores (Brazil); Hewlett-Packard Computer Products (Shanghai) Co., Ltd. (China); Hewlett-Packard de Mexico S.A. de C. V.; Hewlett-Packard Espanola, S.A. (Spain); Hewlett-Packard Europe B.V. (The Netherlands); Hewlett-Packard France; Hewlett-Packard GmbH (Germany); Hewlett-Packard Holding GmbH (Germany); Hewlett-Packard (India) Software Operation Pte. Ltd.; Hewlett-Packard Italiana S.p.A. (Italy); Hewlett-Packard Japan, Ltd.; Hewlett-Packard Korea Ltd.; Hewlett-Packard Ltd. (U. K.); Hewlett-Packard (Malaysia) Sdn. Bhd.; Hewlett-Packard Malaysia Technology Sdn. Bhd.; Hewlett-Packard (Manufacturing) Ltd. (Ireland); Hewlett-Packard Medical Products (Qingdao) Ltd. (China); Hewlett-Packard Microwave Products (M) Sdn. Bhd. (Malaysia); Hewlett-Packard Penang Sdn. Bhd. (Malaysia); Hewlett-Packard S.A. (Switzerland); Hewlett-Packard Shanghai Analytical Products Co., Ltd. (China); Hewlett-Packard Singapore Pte. Ltd.; Hewlett-Packard Singapore Vision Operation Pte. Ltd.; BT&D Technologies Ltd. (U. K.); CoCreate Software GmbH (Germany); Shanghai Hewlett-Packard Company (China); Technologies et Participations S.A. (France). COMPAQ: Digital Equipment Corporation; Microcom, Inc.; Tandem Computers Incorporated; Compaq Computer Australia Pty. Limited; Compaq Computer GesmbH (Austria); Compaq Computer N.V./S.A. (Belgium); Compaq Canada Inc.; Compaq Computer A/S (Denmark); Compaq Computer OY (Finland); Compaq Computer S.A.R.L. (France); Compaq Computer GmbH (Germany); Compaq Computer Hong Kong Limited; Compaq Computer S.p.A. (Italy); Compaq K.K. (Japan); Compaq Computer B.V. (Netherlands); Compaq Computer New Zealand Limited; Compaq Computer Norway A.S.; Compaq Computer Asia Pte. Ltd. (Singapore); Compaq Computer S.A. (Spain); Compaq Computer AB (Sweden); Compaq Computer AG (Switzerland); Compaq Computer Taiwan Limited; Compaq Computer Limited (U. K.).
Principal Operating Units:Chemical Analysis Group; Components Group; Consumer Products Group; Enterprise Computing Solutions Organization; HP Labs; Information Storage Group; LaserJet Solutions Group; Medical Products Group; Personal Systems Group; Test and Measurement Organization.
Principal Competitors:Canon; Dell Computer; IBM; Apple Computer; eMachines; Gateway; NCR; NEC; Siemens; Sony; Sun Microsystems.
OVERALL
Beta: 1.01
Market Cap (Mil.): $88,310.02
Shares Outstanding (Mil.): 2,163.93
Annual Dividend: 0.32
Yield (%): 0.78
FINANCIALS
HPQ Industry Sector
P/E (TTM): 10.37 13.11 19.00
EPS (TTM): 18.89 -- --
ROI: 12.28 16.41 16.10
ROE: 22.01 18.32 17.76
Statistics:
Public Company
Incorporated: 1947
Employees: 86,200 (2001)
Sales: $45.2 billion (2001)
Stock Exchanges: New York Pacific Frankfurt London Paris Tokyo Zürich
Ticker Symbols: HWP (2001); HPQ (2002)
NAIC: 334111 Electronic Computer Manufacturing; 334112 Computer Storage Device Manufacturing; 334119 Other Computer Peripheral Equipment Manufacturing; 333313 Office Machinery Manufacturing; 334413 Semiconductors & Related Device Manufacturing; 334613 Magnetic & Optical Recording Media Manufacturing; 334519 Other Measuring & Controlling Device Manufacturing; 334510 Electromedical & Electrotherapeutic Apparatus Manufacturing; 511210 Software Publishers; 541512 Computer Systems Design Services; 811212 Computer & Office Machine Repair & Maintenance
Key Dates:
1939: William Hewlett and David Packard enter into a partnership; Hewlett-Packard (HP) is born.
1940: HP operations begin in Palo Alto, California.
1947: HP is incorporated.
1951: HP introduces the HP524A high-speed counter.
1957: HP shares are offered to the public.
1958: HP acquires F.L. Moseley Company, manufacturer of graphic recorders.
1959: HP establishes a marketing office in Geneva and a manufacturing facility in Boeblingen, West Germany.
1960: HP opens factory in Loveland, Colorado.
1961: HP purchases the Sanborn Company, a medical instruments manufacturer and is listed on the New York Stock Exchange.
1966: HP develops its first computer.
1969: David Packard is appointed deputy secretary of defense under U.S. President Nixon.
1972: HP introduces a handheld scientific calculator, the HP-35; HP introduces the HP3000 microcomputer.
1977: Bill Hewlett relinquishes his role as president of HP to John Young.
1980: HP introduces its first personal computer, the HP-85.
1982: Compaq Computer Corporation is founded.
1983: Compaq initial public offering raises $67 million; securities are traded on NASDAQ.
1984: HP's LaserJet printer makes its debut; Compaq computers are introduced in Europe; Compaq introduces the first Compaq desktop, the Compaq Deskpro.
1985: Compaq securities begin trading on the New York Stock Exchange.
1986: Compaq ships its 500,000th personal computer and completes construction of Compaq Main Campus in Houston.
1987: Compaq manufactures its one-millionth personal computer and opens manufacturing facility in Scotland.
1988: HP's stock begins trading on the Tokyo stock exchange.
1989: HP purchases Apollo Computer; Compaq purchases Wang facility in Stirling, Scotland; Compaq introduces Compaq Systempro and the first Compaq notebook PC, the Compaq LTE.
1990: Compaq establishes East European sales organization and opens office in Berlin.
1991: HP introduces the 95LX palmtop personal computer; Eckhard Pfeiffer is named CEO of Compaq; Compaq announces its first billion-dollar quarter; Compaq enters the Japanese marketplace and introduces its first modular PC, the Compaq Deskpro/M family.
1992: Lewis E. Platt replaces Young as head of HP; Compaq introduces its first printer product, the Compaq Pagemarq; Compaq computer training center is established in China.
1993: Packard retires and Platt is named chairman, president and CEO of HP; Compaq introduces Compaq DirectPlus and delivers first Pentium processor-based products; Compaq's PC Division is split into Desktop and Notebook PC divisions; Presario family is launched; Compaq's printer business is discontinued.
1994: Compaq surpasses IBM as the number one seller of PCs worldwide; Compaq introduces first sub-notebook, Compaq Aero; Compaq opens a manufacturing facility in Brazil.
1995: HP launches the Pavilion line of home computers. Compaq is awarded Europe's largest-ever PC contract with British Telecom; HP opens manufacturing facility in China; HP acquires Thomas-Conrad and NetWorth.
1996: HP co-founder, David Packard dies on March 26, 1996; Compaq introduces its handheld PC, the PC companion, and its Armada family of value-priced, flexible notebooks.
1997: HP acquires Verifone, Inc., maker of in-store terminals for verifying credit card transactions; Compaq announces the new Presario 2000 series and introduces the TFT 500, flat-panel monitor; Compaq acquires Microcom and Tandem Computer Inc.
1998: Forbes magazine names Compaq its 1997 Company of the Year; the U.S. Environmental Protection Agency names Compaq the "Green Lights Corporate Partner of the Year"; Compaq is also awarded Novell's Service Excellence Award; Compaq acquires Digital Equipment Corporation.
1999: HP president Platt retires and Lucent-executive Carly Fiorina is appointed president and CEO.
2000: Compaq acquires assets of Inacom and creates Custom Edge, Inc.; Compaq announces 10-year corporate alliance with The Walt Disney Company; Compaq unveils iPAQ Pocket PC.
2001: HP co-founder Bill Hewlett dies on January 12, 2001; HP acquires application server specialist Bluestone Software; Compaq creates the AltaVista Company and acquires Shopping.com; Michael D. Capellas is appointed president and chief executive officer of Compaq; Compaq and Yahoo! announce a comprehensive global technology and marketing alliance; Compaq unveils "Evo" notebooks and workstations; Hewlett-Packard and Compaq announce their planned merger.
2002: HP and Compaq merge on May 3, 2002; HPQ is unveiled as new stock ticker for combined company.
Name Age Since Current Position
Lane, Raymond 63 2010 Independent Non-Executive Chairman of the Board
Apotheker, Leo 57 2010 President, Chief Executive Officer, Director
Lesjak, Catherine 51 2010 Chief Financial Officer, Executive Vice President
Bocian, Peter 56 2008 Executive Vice President, Chief Administrative Officer
Mott, Randall 54 2005 Executive Vice President, Chief Information Officer
Robison, Shane 57 2002 Executive Vice President, Chief Strategy and Technology Officer
Homlish, Martin 2011 Executive Vice President, Chief Marketing Officer
Holston, Michael 48 2007 Executive Vice President, General Counsel, Secretary
Keogh, Tracy 48 2011 Executive Vice President - Human Resources
Livermore, Ann 52 2004 Executive Vice President - HP Enterprise Business
Joshi, Vyomesh 56 2002 Executive Vice President - Imaging and Printing Group
Bradley, R. Todd 52 2005 Executive Vice President - Personal Systems Group
Murrin, James 50 2007 Senior Vice President, Principal Accounting Officer, Controller
McMullen, John 52 2007 Senior Vice President, Treasurer
Humphries, Brian 2011 Senior Vice President - Growth Markets Organization
Babbio, Lawrence 66 2002 Independent Director
Hammergren, John 51 2005 Independent Director
Thompson, G. Kennedy 60 2006 Independent Director
Baldauf, Sari 56 2006 Independent Director
Gupta, Rajiv 66 2009 Independent Director
Andreessen, Marc 39 2009 Independent Director
Banerji, Shumeet 51 2011 Independent Director
Reiner, Gary 56 2011 Independent Director
Russo, Patricia 58 2011 Independent Director
Senequier, Dominique 57 2011 Independent Director
Whitman, Margaret 54 2011 Independent Director
Address:
3000 Hanover Street
Palo Alto, California 94304
U.S.A.
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