Hewlett-Packard (HP) was founded on January 1, 1939 by Bill Hewlett and Dave Packard. The decision to create this partnership was made in the now historic HP Garage in Palo Alto, California. This garage is now considered the birthplace of the Silicon Valley (About HP). HP has since grown into a technology company that operates in 178 countries, employing 140,000 and offering a comprehensive portfolio of products(Jobs at HP).HP is economically one of the most successful information technology companies in the world. It is ranked eleventh on the 2006 Fortune 500 list and second in its industry. Last year they had nearly eighty-seven billion dollars in revenue, with over two billion in profits. HP is a publicly traded company on the New York Stock Exchange, which has been steadily growing since their initial public offering in November of 1957 (HP History).
[...] For many years HP has been content with pushing their product through the channel of distribution, which is how a majority of their products are sold. Hewlett-Packard has relied on its army of resellers to sell and distribute the various product lines they offer; there are over 44,000 in North America alone. The biggest concern among resellers is that HP will undercut them on prices. The company has acknowledged these concerns, and realizes that they need the support of channel members if they expect them to carry their product. [...]
[...] About HP Services. Accessed April from http://h20219.www2.hp.com/services/cache/13424-0-0-225-121.html Hewlett-Packard Website. (2006). HP Global Philanthropy. Accessed April from http://www.hp.com/hpinfo/grants/ Hewlett-Packard Website. (2006). Jobs at HP. Accessed April from http://h10055.www1.hp.com/jobsathp/ Hewlett-Packard Website. (2006). About HP. Accessed April from http://www.hp.com/hpinfo/abouthp/ Hewlett-Packard Website. (2006). Product Reuse and Recycle. Accessed April from http://www.hp.com/hpinfo/globalcitizenship/gcreport/products/recycling.html Hewlett-Packard Website. (2006). HP Timeline - 1950‘s. Accessed April from http://www.hp.com/hpinfo/abouthp/histnfacts/timeline/hist_50s.html Hoovers: A D&B Company. (2006). Hewlett-Packard Company. Accessed April from http://www.hoovers.com/hewlett-packard/--ID__10723--/free-co- factsheet.xhtml?cm_ven=PAID&cm_cat=BUS&cm_pla=CO1&cm_ite=Hewlett-Packard Kaneshige, T. (2001, Apr. 1). Avoiding Channel Conflict. Retrieved April from Line56.com [...]
[...] In 2005, HP donated more than $45 million worldwide to programs that support its three main areas of concern: education, community and employee giving (HP Global Citizenship). Their generosity gives back to the communities where their employees live and work, and to causes their employees choose to support. They also focus on education and the promotion of higher learning institutions through annual grants (HP Global Philanthropy). Technological The technological environment of HP is very important to the way the company does business. [...]
[...] As one of the largest companies in the US, HP has learned that valuable channel management is absolutely key to its success. Thanks to the flexibility of HP its success and continued growth in the IT industry appears prosperous. Works Cited Accountability Rating Website. (2006).Putting Corporate Accountability in the Spotlight. Accessed April from http://www.accountabilityrating.com/ Burke, S. (2005, Dec. 16). The Hurd Effect. Retrieved April from CRN, The Final Cut Web site: http://www.crn.com/showArticle.jhtml;jsessionid=SW1NMQTORJB5WQSNDBCSKH0CJUME KJVN?articleID=175003801&queryText=the+hurd+effect Burke, S., & Zarley, C. (2005, Dec. [...]
[...] HP's first acquisition was of Data Systems Incorporated in 1966, a small company who produced automated data collection devices. This marked HP's entry into the computer industry. HP further grew, buying Apollo Computer in 1989, Convex Computer in 1995, and Compaq Computers (One of HP's biggest competitors) in 2002 (Hewlett-Packard). Compaq had bought Tandem Computers in 1997 (which had been started by ex-HP employees), and Digital Equipment Corporation in 1998. This made HP the leading personal computing manufacturer(Hewlett-Packard). Most recently in 2005, HP purchased AppIQ ( short for Application IQ). [...]
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