Evolution of HP
In 1939, Bill Hewlett and Dave Packard (hence the HP) founded Hewlett-Packard. A coin flip was
used to determine whether the company name should be Packard-Hewlett or Hewlett-Packard.
Despite winning the coin toss, Dave Packard chose Hewlett-Packard as the name. Their initial
capital investment was $538, and their first product was an audio oscillator. They were
“discovered” while working out in Palo Alto, CA, by Walt Disney himself, who purchased several
of their audio oscillators for the very famous Disney animated feature, Fantasia.
HP did not invent the ink jet printer, and no single manufacturer can lay claim to being the true
inventor. The shift to printers was caused more by changing tides in the ever-competitive business
world than anything else. They first started researching inkjet technology in 1978. The models
available at the time were quite large and were not really intended for document printing. HP began
producing inkjet and laser printers for offices in 1984. The HP Think Jet was the company’s first
model. The Think Jet outperformed everything else on the market at the time, especially in terms of
cost and print quality. In 1990, the company shifted its focus to the consumer, developing PCs and
printers with them in mind.
For the most part, HP’s dominance in printing has continued to this day, but with competition
increasing, HP is at a crossroads with printers versus PCs. They have, however, established
themselves as industry leaders in terms of quality, dependability, and affordability. The garage
where it all began is still standing today and has been designated as a historic landmark in the state
of California (Historic Landmark No. 976) and has been dubbed the “Birthplace of Silicon Valley.”
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