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HP
The company was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard Company after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise.[4] HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. In the 2023 Fortune 500 list, HP is ranked 63rd-largest United States corporation by total revenue.[5] Hewlett-Packard was founded in 1939 by Bill Hewlett and David Packard, who both graduated with degrees in electrical engineering from Stanford University in 1935. The company started off in the HP Garage in Palo Alto, California. In March 2015, HP announced that Bang & Olufsen would become the company's new premium audio partner for its computers and other devices. This replaced the partnership with Beats Electronics that ended upon being acquired by Apple Inc. in 2014.[6] On November 1, 2015, Hewlett-Packard was split into two companies. Its personal computer and printer businesses became HP Inc., while its enterprise business became Hewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard's pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own In May 2016, HP introduced a new PC gaming sub-brand known as Omen (reusing trademarks associated with VoodooPC), including gaming laptops and desktops (with the latter offering options such as CPU water cooling and Nvidia's GTX 1080 graphics, and promoted as VR-ready), and other accessories (such as monitors) designed to cater to the market.[8] In May and August 2016, certain assets were sold to OpenText, including TeamSite and Exstream. In November 2017, HP acquired Samsung Electronics' printer division for $1.05 billion.[9] In February 2021, HP announced its acquisition of Kingston's gaming division HyperX for $425 million.[10][11] The deal only includes computer peripherals branded as HyperX, not memory or storage. The sale was completed in June 2021.[12] In February 2022, HP announced it had acquired the Edinburgh-based packaging development company, Choose Packaging, in an effort to strengthen its capabilities in the sustainable packaging vertical.[13][14] In March 2022, HP announced the acquisition of the California-headquartered communications software and hardware provider Poly Inc. in an all-cash transaction. HP said the cash amount agreed was $40 per share, which implied a total enterprise value of $3.3bn, inclusive Poly's net debts.[15] In May 2024, HP announced that its PC models would adopt a new branding nomenclature, with most of its consumer computer models (besides Omen) folded under the Omni brand, with OmniBook (a revival of an old brand that was defunct in 2002 after acquiring Compaq that year), OmniStudio and OmniDesk models.[16][17] The new Omni brand of computers are designed for the next generation of computers with artificial intelligence, using AI-powered hardware and software. As of 2024, the brand currently coexists with HP's other existing products not powered by AI.
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