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The History Of Hewlett-Packard - Online Term Paper

The History Of Hewlett-Packard

In a small garage in the city of Palo Alto, California, a well known company was formed in 1938. That company soon became known as Hewlett-Packard Co. (HP). Under the partnership of William Hewlett and David Packard, then engineering graduates of Stanford University, the company was started with a mere $538 in capital. Earlier this month, Hewlett-Packard announced that it would split its company into two separate publicly owned corporations: The computer division and the testing and measuring division.
“By making this move, we believe we can make two companies that are more focused and more nimble,” Hewlett-Packard President Lewis E. Platt said. “It is not an even split: the bulk of ...

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has lagged behind the overall stock market with in this time period and HP stated “that revenue growth was weak and reported softness in some of its business.”
The buzz on Wall Street is one of enthusiasm over the planned split. Hewlett-Packard stock was up $6.37 ½ to $72.25/share in NYSE trading after the announcement. “Hewlett-Packard is considering an initial public offering for approximately 15% of the measurement company’s outstanding shares, then distribute the rest to its shareholders by the end of this year. Under the plan, the stockholders will hold shares in each company and each company will have its own Board of Directors.
I believe that this business venture will enhance the survival of a renowned pioneer of the computer industry. Hewlett-Packard has been in competition with company’s like International Business Machines Corp. (IBM) for decades and their innovative restructuring ideas put them in a category comparable to AT&T and ITT Corp. who also split themselves ...

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The History Of Hewlett-Packard. (2007, April 10). Retrieved November 23, 2024, from http://www.essayworld.com/essays/The-History-Of-Hewlett-Packard/63159

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PAPER DETAILS

Added: 4/10/2007 08:45:55 PM
Category: Economics
Type: Premium Paper
Words: 441
Pages: 2

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