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The 21st century
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| HP's trading symbol on the New York Stock Exchange becomes HPQ on May 6, 2002. | ||
At the beginning of the 21st century, HP focuses on simplifying technology experiences for all of its customers, from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP grows to become the world's largest technology company.
On May 3, 2002, HP completes its merger transaction with Compaq Computer Corp. The new HP is a leading global provider of products, technologies, solutions and services to consumers and business. The company's offerings span IT infrastructure, personal computing and access devices, global services, and imaging and printing.
Later in the decade, a steady stream of acquisitions increases HP’s influence in the software, personal computing and printing markets, and in 2007, HP achieves $100 billion in revenue. In 2009, after the acquisition of EDS, HP moves up to No. 9 on the Fortune 500 list.
2000
HP moves up the Fortune 500 listing to No. 13.
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| Superdome | ||
On June 2, HP completes the divestiture of Agilent Technologies. As a result of the distribution of shares of Agilent Technologies common stock, Agilent Technologies is now a fully independent company.
Carly Fiorina is named chairman of the board of directors on September 22.
HP marks advances in the area of Internet infrastructure, introducing the high-end Superdome server line in September.
HP revenue: $48.8 billion. HP employees: 85,500.
2001
Co-founder Bill Hewlett dies on January 12.
In March, HP creates a new business unit, HP Services, reporting directly to the CEO. The new organization includes IT consulting, outsourcing, support, education and solutions deployment.
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| Itanium | ||
In May, HP introduces systems and services based on the new Itanium processor jointly developed by HP and Intel. Developed as an extremely parallel high-performance architecture, Itanium is the platform for next-generation 64-bit computing.
On September 4, HP and Compaq announce a definitive merger agreement to create an $87 billion global technology leader.
HP revenue: 45.2 billion. HP employees: 88,000.
2002
In February, HP Labs opens research facilities in Bangalore, India.
HP completes the acquisition of Indigo, a leading commercial and industrial printing systems company, on March 25. The acquisition extends HP's printing systems portfolio beyond inkjet and LaserJet technology into a third high-speed color print technology - offset-quality digital press solutions and services for short-run, personalized business communications.
On May 3, HP and Compaq officially merge, beginning operations as one unified company. HP now serves more than one billion customers across 162 countries, and is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company’s offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing.
On May 6, HP’s trading symbol on the New York Stock Exchange changes to HPQ to reflect the merger. The new ticker symbol is a combination of HP and Compaq’s previous tickers: HWP and CPQ.
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| HP Deskjet 5550 | ||
In June, HP announces its largest consumer product rollout to date. By early 2003, HP releases more than 50 new imaging and printing products. Three new color inkjet printers are part of the initial rollout, including the HP Deskjet 5550, which features up to six-ink printing and 4,800-optimized dots-per-inch (dpi) technology.
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| Compaq Tablet PC | ||
HP announces breakthroughs in molecular electronics, continuing its groundbreaking efforts in the emerging field of nanotechnology. Its work in this field nets four key patents.
HP revenue: 56.6 billion. HP employees: 141,000.
2003
In March, HP announces a "smart" cooling solution to reduce energy use in data centers.
As HP approaches the one year anniversary of the merger, it secures three major managed services deals in the telecommunications, manufacturing and financial services industries, reflecting its value proposition of high tech, low cost and the best total customer experience.
In May, HP unveils its Adaptive Enterprise strategy to help businesses manage change and get more from their IT investments. The company unveils new services, software, solutions and an enterprise reference architecture designed to help companies measure, architect and manage change by creating a tighter linkage between business and IT.
In August, HP announces a strategy to radically simplify technology to help people "enjoy more". As part of the strategy, HP unveils more than 100 consumer products – its largest consumer product rollout to date. Included in the rollout is the world's first eight-ink consumer photo printer, the HP Photosmart 7960.
In September, HP announces a worldwide initiative for the small and medium-sized business (SMB) market, one of the fastest-growing and most important segments in the global economy. The Smart Office Initiative provides tailored support services, local expertise, and products to help SMBs manage their unique business needs. As part of the launch, HP announces more than 100 different products, solutions and services.
2004
Fortune 500 ranking: 11
In January, HP announces its digital entertainment strategy: an array of products and partnerships aimed at transforming the way people experience music, movies, TV, photographs and digital entertainment content.
Barney Oliver, founding director of HP Labs and pioneering applied scientist, is inducted into the National Inventors Hall of Fame.
In April, HP wins the Corporate Innovation Award from the Institute of Electrical and Electronic Engineers (IEEE) for the development and commercialization of thermal inkjet technology.
In August, HP rolls out Vivera inks, which offer faster prints and improved print quality and are fade-resistant for generations.
In December, HP “wobulation” is honored as one of the top 100 new products by Popular Science magazine. The revolutionary projection technology applies the principles of digital imaging and printing to digital projection and doubles the resolution of digital projection displays without changing the light modulator, increasing pixels or increasing the cost of the projector.
2005
HP Chairman and CEO Carly Fiorina steps down in February, and CFO Bob Wayman is appointed interim CEO. In March, HP names Mark Hurd to serve as CEO and president.
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| Snapfish | ||
In April, HP acquires online photo service Snapfish.
HP ships its 10 millionth HP ProLiant server in June. HP shipped its first x86 processor-based ProLiant servers in 1993.
In July, HP announces a breakthrough ink-based printing platform. The inkjet printhead is fabricated as one unit via a photolithographic process, rather than welded together in post-production.
HP also unveils the world's fastest home and office photo printing devices, built on this new technology: the HP Photosmart 8250 Photo Printer and the HP Officejet Pro K550 Color Printer series. Two new HP Advanced Papers allow instantly dry, water-resistant photos for the home and smear-resistant pages for the office.
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| HP Halo Collaboration Studio. | ||
HP acquires Scitex Vision, a market leader in wide and super-wide format printers for signage and industrial applications such as billboards, banners, street advertising and packaging.
In November, HP establishes a research lab in Beijing, China.
In December, HP disrupts the traditional video conferencing market by introducing the HP Halo Collaboration Studio. A precisely designed broadcast studio, Halo enables remote teams to work together in a setting so life-like that participants feel as though they are in the same room.
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| The restored HP garage | ||
Also in December, HP completes its restoration of the property where the company was founded - the HP garage. The project brings the original house, shed and garage at 367 Addison Avenue, Palo Alto, back to conditions much as they were in 1939, when the founders established the now legendary Hewlett-Packard partnership. Completion of the project was celebrated with a ribbon-cutting on December 6.
2006
In September, CEO and President Mark Hurd is named Chairman of the Board.
Also in September, HP ships its 100 millionth LaserJet printer. HP shipped its first LaserJet printer in 1984.
In October, HP acquires VoodooPC, a high-end gaming PC provider.
HP acquires Mercury Interactive Corp. in November, HP’s largest software acquisition to date, to create a new organization for business technology optimization (BTO).
Fortune 500 Ranking: 14
HP revenue: $91.6 billion. HP employees: 156,000.
2007
January: Extending its strategy of establishing research centers in growing economies, HP opens a research lab in St. Petersburg, Russia. HP Labs Russia is the third facility that the company has opened in the past five years. HP Labs China began operations in Beijing in 2005, and HP Labs India opened in Bangalore in 2002. HP Labs also has facilities in Bristol, U.K. (1984), Haifa, Israel (1994) and Tokyo, Japan (1990). Its headquarters site is in Palo Alto.
HP introduces the TouchSmart PC, an all-in-one PC with a touch-screen display. HP also introduces a touch-screen consumer tablet PC.
On April 20, the site of HP’s founding – the famed HP Garage and house – is listed in the National Register of Historic Places.
In July, HP achieves its goal of recycling one billion pounds of electronics. This year marks the 20th anniversary of the inception of HP recycling programs, which now operate in more than 40 countries, regions and territories.
September: HP licenses its technology for a drug delivery skin patch that enables painless, controlled release of drugs. Developed as a way to repurpose its inkjet technology, the technology in the skin patch is similar to that employed in HP’s patented process for its inkjet cartridges.
Throughout 2007, a series of acquisitions expands HP’s influence in the printing, personal computing and software markets. HP acquires:
- Tabblo Inc., to make printing from the web easier and more convenient;
- Logoworks, to provide small businesses with access to professional design solutions at a fraction of market cost;
- SPI Dynamics, Inc., for application security assessment software and services;
- Neoware Inc., a provider of thin client computing and virtualization solutions;
- MacDermid ColorSpan Inc., a manufacturer of wide-format digital inkjet printers;
- Opsware, a market-leading data center automation software company; and
- EYP Mission Critical Facilities Inc., a global consulting company for large-scale data centers.
Revenue: $104.3 billion Employees: 172,000
2008
HP is the first IT company to release information on the greenhouse gas emissions associated with its products manufacturing by publishing the emissions attributed to its first tier suppliers. The reporting is part of HP’s effort to promote supply chain responsibility.
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| HP 2133 Mini-Note | ||
In April, HP introduces a full-function, mini-notebook: the HP 2133 Mini-Note PC. Designed for the education market, it also offers mobile professionals a sleek, lightweight device that provides access to information and the ability to collaborate with others.
On August 26, HP acquires Electronic Data Systems Corporation (EDS), a $13.9 billion technology services company. With this acquisition, initially announced on May 13, HP has one of the technology industry's broadest portfolios of products, services and end-to-end solutions. The acquisition is, by value, the largest in the IT services sector and the second largest in the technology industry, following HP's acquisition of Compaq in 2002. The companies' collective services businesses have annual revenues of more than $38 billion and 210,000 employees, operating in more than 80 countries.
In November, HP completes its three-year internal IT transformation. As a result of the effort, HP reduces its IT operating costs by approximately half; provides more reliable information for executives to make better business decisions; and establishes a more simplified and dependable IT infrastructure that provides improved business continuity and supports the company’s future growth.
HP revenue: $ 118.4 billion. HP employees: 321,000
2009
HP moves up the Fortune 500 listing to No. 9.
HP receives the prestigious IEEE Milestone in Electrical Engineering and Computing award for its HP-35 scientific calculator. Introduced in 1972, the HP-35 was the world’s first handheld-sized scientific calculator, standing apart from its peers, which could only perform four basic functions – addition, subtraction, multiplication and division.
HP introduces the world’s first web-connected home printer. The HP Photosmart Premium with TouchSmart Web allows users to print from the web using the printer as their only access device. A host of applications is provided, including the ability to search movies, buy tickets in advance and print tickets at home.
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