Hewlett Packard is one of the world's biggest manufacturers of printers, inkjet cartridges, photo paper, and toner. But everyone has to start somewhere, and for Hewlett and his partner Packard, that somewhere was in a beat-down shed behind Hewlett's house.
The Hewlett Packard Rise to Fame
Bill Hewlett and Dave Packard met on a social outing with friends. Both were Stanford University students with a good background in technology. With the moral support of their professor, Hewlett and Packard decided to invest their money into creating their own business. As luck would have it, they met almost instant success with their audio oscillator.
Over the years the two gain employees, enjoy million in revenue, and continue to produce electronics equipment. The company keeps with testing and measuring subjects, and eventually develops the oscilloscope a vital tool in testing electronic circuits. With their vast success in the United States, Hewlett Packard expands overseas into multiple countries.
The 1960's bring the foundation of Hewlett Packard's success in the printing market. They develop personal computers, operating systems, and calculators that change the world of engineering of their day and age. But Hewlett Packard doesn't make their debut in the printing market for another 20 years.
Hewlett Packard Gains Credibility in the Printing Industry
The 1980's marks the decade of when Hewlett Packard finally breaks the printing industry. They manage to release inkjet and laser printers within the decade- which proves to be among their most profitable and popular lines of products in the history of HP.
Printers become mainstream later on in the 1980's with the release of the DeskJet printer. The DeskJet allows for consumers to afford a printing solution that doesn't cost a fortune to maintain ink and paper supplies. HP manages to make the top 50 list in the Fortune 500 listings as a result of their success in the printing industry.
Hewlett Packard Continues to Expand
Hewlett Packard goes on to release the color inkjet printer in the 1990's. This enables consumers to not only afford a printer, but to print items in color. This proves that the labs at HP are working around the clock to get technology out to consumers long before the competition can.
In 1993, HP reports that they have shipped their 10 millionth LaserJet printer to businesses and families. The 1990's continue to bring expansions in other countries, new advances in printing, and large leaps across the Fortune 500 list.
Hewlett Packard in Today's Economy
Hewlett Packard is still running strong today, keeping at the forefront of innovation and technology. Both founders of the company have been since deceased, but their aspirations and beliefs remain within the company's goals.
Hewlett Packard released the fastest printer of 2005, claiming the long-held title of best in the industry. Personal and business users both remain completely faithful in the company's direction- as they have remained to be the leader throughout several decades of competition.
Even today, HP is constantly acquiring new technologies and startups to expand their market to include the world's best personal and business use printers. As of 2007, the company has almost 200,000 employees and over $100 billion in revenues.
As for Hewlett and Packard, their dinky shed was restored and declared a landmark. It remains to be the very site where a Fortune 500 company was imagined, made, and held true to their standards and thirst for technology even almost a century later.
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