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The company was founded by Bill Hewlett and Dave Packard in a small garage on January 1, 1939, initially producing a line of electronic test and measurement equipment. [2] As of 2012, Hewlett-Packard had made a total of 129 acquisitions since 1986; [3] The majority of companies acquired by HP were based in the United States.
The company was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard Company after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise. [4] HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index.
Hewlett-Packard — United States: 1966: 2015: Broken up into Hewlett Packard Enterprise and HP Inc. Honeywell — United States: 1957: 1991: Sold computer division to Groupe Bull: HTC — Taiwan: 1997: 2017: Sold computer division to Alphabet Inc. IMLAC — United States: 1968: 1979: Acquired by Hazeltine Corporation: IMS Associates, Inc ...
In 1938, Packard and Hewlett began part-time work in a rented garage with an initial capital investment of US$538 (equivalent to $11,645 in 2023). In 1939, Hewlett and Packard decided to formalize their partnership. They tossed a coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. [12]
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