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The HP DeskJet 520 introduced resolution enhancement technology, or REt, to HP inkjet printers. It was also HP's last black-and-white-only inkjet printer. The HP DeskJet 500, 510, 520, 500C, 550C, and 560C were all replaced by the HP DeskJet 540 (3 ppm B&W, 1.5 minutes per page color). A one-pen inkjet printer, color was optional.
Following HP's acquisition of Compaq in 2002, this series of notebooks was discontinued, replaced with the HP Pavilion, HP Compaq, and Compaq Presario notebooks. The OmniBook name would later be repurposed for a line of consumer-oriented notebooks in 2024, replacing the old Pavilion and Spectre series of notebooks.
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year. [29] [30] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.