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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.
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.
In that same year, HP's share price skyrocketed due to consistent results in the last couple quarters of the year with Hurd's plan to cut back HP's workforce and lower costs. [49] HP began its marketing campaign called "The Computer is Personal Again" in May 2006, aimed at bringing back the personal computer as a personal product.
Federal agents have searched the Minnesota home of at least one of the seven defendants facing a high-profile fraud trial, days after a juror said someone attempted to bribe her with nearly ...
Previously, Compaq was the global market leader in the late 1990s until the year 2000, while HP and Dell shared market leadership in the 2000s. For data about PC vendors' market shares in laptop computers specifically, see Laptop#Historic market share .
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