HP Inc. (formerly Hewlett-Packard)

HP Inc. - American IT- company, formed in 2015 with Hewlett Packard Enterprise as a result of the division of Hewlett-Packard, inherited the production of personal computers and printers. He is the assignee of Hewlett-Packard, because it retained the original NYSE sticker HPQ and official site in the hp.com domain, which was in effect before the separation. The number of employees at the time of the partition is about 50 thousand. The general director is Dion Wisler. The company's production facilities are located in the USA, Singapore, Malaysia, Israel and other countries.

HP Inc. formed on November 1, 2015, was renamed the personal computer and printer division of Hewlett-Packard Company, with the business products and services division becoming Hewlett Packard Enterprise. The solution was structured so that Hewlett-Packard changed its name to HP Inc. and release Hewlett Packard Enterprise as a public company. HP Inc. preserves the historical stock price and Hewlett-Packard stock symbol pre-2015, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.

It is the leading company in the sale of printers in the world and the second worldwide in the sale of personal and portable computers, after which in July 2013 it was surpassed by Lenovo.

Transformation from Hewlett-Packard Company to HP Inc

In September 2014, the division of Hewlett-Packard Company into HP Inc. was announced, which went into the production of personal computers and printers, and Hewlett Packard Enterprise - which went into the production of servers and IT services for corporate clients. The separation was completed on October 31, 2015 (the last day of the fiscal year companies) and during the division of the parent company Hewlett-Packard, revenues in the fiscal year 2015 ended were divided approximately equally: for HP Inc. $ 57.3 billion was recorded, and $ 53 billion for Hewlett Packard Enterprise. But the assets were not evenly distributed - out of $ 103 billion by HP Inc. only $ 29 billion went to it (Hewlett Packard Enterprise got 74 billion), and most of the debt was left to HP Inc. and she got a deficit of equity (that is, debt obligations exceed the size of assets) by $ 4 billion.

Behind the updated HP Inc. almost all the attributes of the old Hewlett-Packard Company were retained - many board members remained from the old company, the old NYSE sticker HPQ, the old HP brand, the old corporate identity: font and colors - blue and white, the old domain name of the official site - hp. com, but she received a new central office address - 1501 Page Mill Road, Palo Alto. In contrast to the Hewlett Packard Enterprise, which was essentially created as a new company, somewhat distancing itself from the old Hewlett-Packard Company, it received a new board of directors, a new NYSE sticker HPE, she formed a new brand - HPE and a new corporate identity: the font and colors are azure with gray, the new domain name of the official site is hpe.com, but the old head office address is 3000 Hanover Street, Palo Alto.

Operating current

HP develops personal computers (PCs), printers and related equipment, and 3D Printing solutions.

In 2016, total revenues were US $ 48,238 billion, including US $ 16,982 billion from notebook computer sales, US $ 9,956 billion from desktop computer sales, US $ 11,875 billion from printer equipment sales, US $ 5,131 billion from commercial printer sales, and US $ 1,254 billion from consumer printer sales.

About 63% of revenues in 2016 came from outside the United States.

In 2016, HP announced a focus on consumers who often upgrade their computers and spend more money on games and released the Omen laptop and desktop brands. HP released the Omen line of gamer-centric laptop and desktop computers targeted at middle-class consumers.

In November 2017, HP acquired Samsung's printer division.

History

On October 6, 2014, Hewlett-Packard announced its division into two companies that would be listed separately in the stock market, so that its computer and printer business would operate independently of its corporate services and equipment unit.

The company dedicated to printers and personal and portable computers would be called HP Inc. and the firm dedicated to servers, storage equipment and networks, computer programs and services for third parties would be called Hewlett Packard Enterprise.

2016

In September 2016, HP Inc. announced the purchase of a $ 1.05 billion printers and copiers division of Samsung Electronics Co. The deal is expected to "accelerate HP’s development in the field of photocopiers, strengthen its portfolio of laser printing products, and set the stage for further innovations. in the field of printing".

2017

For the three-month reporting period ended October 31, 2017, HP Inc. net profit reached $ 660 million against $ 492 million in profit a year earlier. Sales increased from $ 12.5 billion to $ 13.9 billion. The company's quarterly revenue growth was the fifth in a row.

Guide

Board of Directors as of 2017:

  • Chip Bergh - chairman of the board of directors since July 2017 (from 2015 in the council),
  • Dion Wisler - President and CEO of the company (since 2015 on the board),
  • Aida Alvarez (since 2016 on the board),
  • Robert Bennett (since 2013 on the board),
  • Stacy Brown-Philpot (since 2015 on the board),
  • Stephanie Burns (since 2015 on the Board),
  • Syubra Surish (since 2015 on the council),
  • Shumiit Benerji (since 2011 on the board),
  • Mary Ann Sitrino (born Mary Anne Citrino, since 2015 on the Board),
  • Stacey Mobley (since 2015 on the Board).

Executive Managers:

  • Dion Weisler - President and CEO of the company since November 2015 (in the Hewlett-Packard Company in 2012, before that, from 2008 to 2011, was vice-president of one of the units of the Lenovo Group is Ltd).
  • Katherine Lisdzhek - Chief Financial Officer,
  • Ron Coughlin - president of the Personal Systems',
  • Enrique Lores - president, & Imaging Printing,
  • Stephen Nigro - president of 3D Printing,
  • Christoph Schell - President of the region of North and South America,
  • Nick Lazaridis - President of the region the EMEA,
  • Richard Bailey - President of Asia Pacific and Japan,
  • Antonio Lucio - Director of Marketing,
  • Shane Wall - Director of technology,
  • Stuart Pann - director of the supply chain,
  • Kim Rivera - Director of Legal Affairs and General Counsel,
  • Tracy Keogh - Director of Human Resources.

Shareholders

Under the Hewlett-Packard Company, shareholders received one share of HP Inc. each and Hewlett Packard Enterprise for each share of the original company. Therefore, the share capital of HP Inc. turned out to be divided into 1.683 billion shares, the total value of which (the company's market capitalization) amounted to $ 29 billion in July 2017. 80.6% of HP Inc. owned by institutional investors, the largest of which are:

  • The Vanguard Group, Inc. - 121.7 million (7.2%)
  • Dodge & Cox - 118.1 million (7.0%)
  • BlackRock Financial Management, Inc. - 106 million (6.3%)
  • State Street Global Advisors, Inc. - 79.5 million (4.7%)
  • Primecap Management Company - 63.9 million (3.8%)
  • FMR Co., Inc. - 45.1 million (2.7%)
  • JP Morgan Investment Management Inc. - 35.6 million (2.1%)
  • American International Group - 29.1 million (1.7%)
  • Mellon Capital Management Corporation - 26.2 million (1.6%)
  • AllianceBernstein LP - 22.7 million (1.3%)
  • Schroder Investment Management North America Inc. - 20.9 million (1.2%)
  • Northern Trust Investments, NA - 20.2 million (1.2%)
  • Deutsche Investment Management Americas Inc. - 19.7 million (1.2%)

Activities

HP Inc. holds about 18 thousand patents (valid for 2016), the cost of research in the fiscal year 2016 amounted to $ 1.2 billion. Of the $ 48 billion turnover, $ 18 billion came from the United States.

HP Inc. consists of three main divisions:

  • Personal computer systems - the turnover is $ 30 billion and includes laptops ($ 17 billion), desktop computers ($ 10 billion), workstations ($ 1.9 billion). Division products form two groups:
    • Commercial PCs - workstations, desktop computers, lines of laptops and multifunction devices HP Pro, HP Elite, HP Chromebook and Z.
    • Consumer PCs - HP Specter, HP Envy, HP Pavilion, HP Chromebook, and Omen by HP lines.
    • Internet tablets and smartphones.
  • Images and Printing - the turnover is $18 billion, of which $12 billion is spent on supplies, main directions:
    • Scanners and copiers.
    • LaserJet and Enterprise Solutions - laser printing systems for small, medium and large companies.
    • Inkjet and Printing Solutions - inkjet printers for retail customers and companies.
    • Graphics Solutions - large-format printing systems.
    • Print Solutions - printing services.
  • 3D printers:
    • 3D Printing - 3D printers.

Main competitors in the sale of computers: Lenovo Group Limited, Dell Inc., Acer Inc., ASUSTeK Computer Inc., Apple Inc., Toshiba Corporation and Samsung Electronics Co., Ltd. printers for sale: Canon Inc. (Canon is a supplier of accessories for HP laser printers), Lexmark International, Inc., Xerox Corporation Ltd., Seiko Epson Corporation, The Ricoh Company Ltd. and Brother Industries, Ltd.

The company's headquarters and research center is located in Palo Alto (1501 Page Mill Road, Palo Alto, California, United States). Regional centers are located in Geneva (Switzerland) and Singapore. Main production centers:

  • USA - Boise (Idaho), Corvallis (Oregon), San Diego (California), Vancouver (Washington)
  • China - Shanghai
  • Malaysia - Georgetown (Penang)
  • Singapore
  • Israel - Kiryat Gat, Netanya, Ness Ziona
  • Spain - Barcelona
  • Great Britain - Bristol (research center)

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HP Inc. (formerly Hewlett-Packard)
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