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Hewlett-Packard Company commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and Dave Packard, and is now one of the world's largest information technology companies, operating in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products. HP markets its products to households, small- to medium-sized businesses and enterprises directly as well as via online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors.
HP's posted net revenue in 2009 was $115 billion, with approximately $40 billion coming from services. In 2006, the intense competition between HP and IBM tipped in HP's favor, with HP posting revenue of US$91.7 billion, compared to $91.4 billion for IBM; the gap between the companies widened to $21 billion in 2009. In 2007, HP's revenue was $104 billion, making HP the first IT company in history to report revenues exceeding $100 billion.[7] In 2008 HP retained its global leadership position in inkjet, laser, large format and multi-function printers market, and its leadership position in the hardware industry. Also HP became #2 globally in IT services as reported by IDC & Gartner.
Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS in 2008, which led to combined revenues of $118.4 billion in 2008 and a Fortune 500 ranking of 9 in 2009.[9] In November 2009, HP announced the acquisition of 3Com;with the deal closing on April 12, 2010. On April 28, 2010, HP announced the buyout of Palm for $1.2 billion. On July 1, 2010, the acquisition of Palm was final.[citation needed] On September 2, 2010 won its bidding war for 3PAR with a $33 a share offer ($2.07 billion) which Dell declined to match.
On August 6, 2010 CEO Mark Hurd resigned.[13] Cathie Lesjak assumed the role interim CEO, and on September 30, 2010, Léo Apotheker became HP's new permanent CEO and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, was elected to the position of non-executive Chairman. Both appointments are effective November 1, 2010.
SWOT ANALYSIS ON Hewlett-Packard
Strengths
Weaknesses
* Financial condition leans very heavily on the state of our economy not just in the US but worldwide
* Lack of in-house management consulting division
* R&D department has significantly less investments compared to historical spending
* Pay cuts has brought low morale to employees
* We depend on third-party suppliers, and our revenue and gross margin could suffer if we fail to manage
suppliers properly
[*]no vision and mission statement
Opportunities
* Emerging markets, particularly BRIC countries
* continued growth in the traditional enterprise space whilst also opening up new vistas by combining consumer reach with the skills and technology to manage and manipulate an ever-increasing flow of data
* Restructuring of internal IT structure
* Expanded Digital Printing Portfolio
Threats
* Major competition in PC branch from other companies
* Increasing competition on imaging and printing
* Slowdown in economic conditions in US, Europe
* Foreign currency exchange rate changes
HP's posted net revenue in 2009 was $115 billion, with approximately $40 billion coming from services. In 2006, the intense competition between HP and IBM tipped in HP's favor, with HP posting revenue of US$91.7 billion, compared to $91.4 billion for IBM; the gap between the companies widened to $21 billion in 2009. In 2007, HP's revenue was $104 billion, making HP the first IT company in history to report revenues exceeding $100 billion.[7] In 2008 HP retained its global leadership position in inkjet, laser, large format and multi-function printers market, and its leadership position in the hardware industry. Also HP became #2 globally in IT services as reported by IDC & Gartner.
Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS in 2008, which led to combined revenues of $118.4 billion in 2008 and a Fortune 500 ranking of 9 in 2009.[9] In November 2009, HP announced the acquisition of 3Com;with the deal closing on April 12, 2010. On April 28, 2010, HP announced the buyout of Palm for $1.2 billion. On July 1, 2010, the acquisition of Palm was final.[citation needed] On September 2, 2010 won its bidding war for 3PAR with a $33 a share offer ($2.07 billion) which Dell declined to match.
On August 6, 2010 CEO Mark Hurd resigned.[13] Cathie Lesjak assumed the role interim CEO, and on September 30, 2010, Léo Apotheker became HP's new permanent CEO and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, was elected to the position of non-executive Chairman. Both appointments are effective November 1, 2010.
SWOT ANALYSIS ON Hewlett-Packard
Strengths
- Leading provider of personal computers and imaging and printing
- Multi-vendor customer services, including infrastructure technology and business process
outsourcing, technology support and maintenance, application development and support services
and consulting and integration services - Organized into 7 business sections with strong position in each
- Strong financial condition
Weaknesses
* Financial condition leans very heavily on the state of our economy not just in the US but worldwide
* Lack of in-house management consulting division
* R&D department has significantly less investments compared to historical spending
* Pay cuts has brought low morale to employees
* We depend on third-party suppliers, and our revenue and gross margin could suffer if we fail to manage
suppliers properly
[*]no vision and mission statement
Opportunities
* Emerging markets, particularly BRIC countries
* continued growth in the traditional enterprise space whilst also opening up new vistas by combining consumer reach with the skills and technology to manage and manipulate an ever-increasing flow of data
* Restructuring of internal IT structure
* Expanded Digital Printing Portfolio
Threats
* Major competition in PC branch from other companies
* Increasing competition on imaging and printing
* Slowdown in economic conditions in US, Europe
* Foreign currency exchange rate changes