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HP was founded in 1939 by Stanford University classmates Bill Hewlett and Dave Packard. The company's first product was an audio oscillator - an electronic test instrument used by sound engineers. HP provides one of the tech world's most comprehensive portfolios of hardware, software, and services.
HPs Businesses
HPs businesses can be broadly divided into 6 categories: Personal Systems Group (PSG) accounted for 31% of total sales. Services accounted for 27% of total sales.
Imaging and Printing Group (IPG) accounts for about 20% of total sales.
The Enterprise Servers, Storage, and Networking (ESSN) segment accounts for 17% of total sales. The Software business accounts for 2% of total sales. HP's other business segments include financial services and a corporate investment arm accounts for 3% of the total sales
Major Competitors
HPs major competitors are: Dell IBM Accenture
2011Revenue
$127.25
$106.92
$62.07 $27.35
0.96%
18.44%
0.94%
7.05%
(19.26%)
27.91%
32.52%
6.89%
31.50%
(10.03%)
27.82%
39.26%
13.37%
33.31%
HPs Strategy
HP is trying to strengthen its software business. It acquired the following companies in the past 2 years
The 3Com and 3PAR acquisitions helped ESSN's year-over-year revenue rise 9% in 2011.
the company is looking to grow by developing more business in such emerging markets as Brazil, Russia, India, and China. In 2012 HP announced a sweeping reorganization intended to thwart faltering profits and a declining share price (shares have lost half of their value in the past two years) by streamlining operations and by focusing more on sales to businesses than consumers