First Trade Date for Hewlett-Packard Company
| Company Name | First Trade Date (yyyy-mm-dd) |
| Hewlett-Packard Company | 2002-05-06 |
| Company Name | Symbol |
| Hewlett-Packard Company | HPQ |
| History and Business of Company (this information may include date of incorporation) | |
|
HP was incorporated in 1947 under the laws of the State of California as the successor to a partnership founded in 1939 by William R. Hewlett and David Packard. Effective in May 1998, we changed our state of incorporation from California to Delaware. We are a leading global provider of products, technologies, solutions and services to consumers and businesses. Our offerings span information technology ("IT") infrastructure, personal computing and other access devices, global services and imaging and printing. Our products and services are available worldwide. We seek to be the category leader with respect to each of the specific product categories in which we compete and to expand actively into new and adjacent markets. Accordingly, in fiscal 2003 we focused on strengthening our market position and enhancing our portfolio of products in each of our segments and categories as described further below. At the same time that we focus on individual offerings, we seek to leverage the depth and breadth of our products and services, as well as our expertise in working with complementary technology providers, in order to provide integrated solutions that address new and emerging market demands and offer new customer experiences. Our business strategy revolves around the following four interrelated goals and priorities: • deliver to business customers the best return on information technology investments in the industry; • provide consumer customers with simple and rewarding experiences by making different technologies work better together; • build world class cost structures across our entire portfolio of businesses; and • focus our innovation and research and development investments on those areas where we can make unique contributions and differentiation, while partnering with other top providers to enable complete IT solutions. During fiscal 2003, we made substantial progress toward completing the integration of our acquisition of Compaq Computer Corporation ("Compaq"), which we closed during May 2002. During the year we made significant progress on our product transition plans, substantially exceeded our cost saving goals from the acquisition and gained market share across key combined product categories. We also substantially completed the integration of our corporate organizations and subsidiaries across the globe. | |
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