Swot Analysis Of Hp Inc. Essay
Hewlett-Packard Inc. (HP) is currently an industry leader in personal computing, printing, and technology. Hewlett-Packard has had an interesting start which has led them to the company they are today.
Overview of HP
HP Inc. started in a garage in Palo Alto, California, which is at the heart of the “Silicon Valley” today. The company was started by two friends, Bill Hewlett and Dave Packard, in 1938. Bill and Dave both graduated from Stanford University. They started the company with $538 to work with. “The $538 consists of cash and a used Sears Craftsman drill press” (HP Garage Timeline, N.D.). The first product developed by HP was an audio oscillator which tests sound equipment.
The company became Hewlett-Packard when Dave and Bill officially became partners on January 1, 1939. August 18, 1947 Hewlett-Packard became a corporation. The company expanded from making audio oscillators to signal generators. Then there next big thing, that led to a lot of revenue, was their invention of the HP 524A frequency counter in 1951. “Frequency counters and related products will account for billions in future revenue for HP” (Timeline of our history, N.D.). In 1956 HP produces an oscilloscope, which measures electrical signal over time.
On November 6, 1957, Hewlett-Packard switched from being a private corporation to a public corporation as they started selling company stocks. In this same year HP builds a new building that changed the way technology…