Hewlett Packard

Hewlett-Packard Company or HP (styled as ‘hp’) is an American multinational information technology corporation headquartered in Palo Alto, California, United States. It provides hardware, software and services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company was founded in a one-car garage in Palo Alto by William “Bill” Redington Hewlett and David “Dave” Packard starting with a line of electronic test equipment. HP is the world’s leading PC manufacturer and has been since 2007, fending off a challenge by Chinese manufacturer Lenovo, according to Gartner Inc. It specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software and 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 also has services and consulting business around its products and partner products. In 2014 it was the world’s second-largest personal computer vendor by unit sales after Lenovo. Hewlett-Packard company events have included the spin-off of its electronic and bio-analytical measurement instruments part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, the sponsor of Mission: Space in 2003, 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. 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, Inc. for $1.2 billion. On September 2, 2010, HP won its bidding war for 3PAR with a $33 a share offer ($2.07 billion), which Dell declined to match. On October 6, 2014, Hewlett-Packard announced plans to split the PC and printers business from its enterprise products and services business. The split is expected to close by October 2015 and will result in two publicly traded companies: Hewlett-Packard Enterprise and HP, Inc. Tech giant Hewlett-Packard Monday said it will acquire Wi-Fi solutions provider Aruba Networks for an equity value of USD 3 billion to boost its networking business.The move gives the US-based computer and enterprise solutions firm a stronger foothold in the over USD 18 billion campus networking solutions market.The transaction is expected to close in the second half of HP’s fiscal year 2015. The firm’s fiscal year runs from November 1 to October 31.The company in a statement today said it will acquire Aruba for USD 24.67 per share in cash.”Equity value of the transaction is approximately USD 3 billion and net of cash and debt approximately USD 2.7 billion. Both companies’ boards of directors have approved the deal,” it added.Founded in 2002, California-based Aruba is in wireless networking solutions with around 1,800 employees. The company had revenues of USD 729 million in fiscal 2014 and has reported compounded annual growth revenue of 30 percent over the last five years.