The history of HP (Hewlett-Packard) is one of the most iconic in the technology industry, beginning in a modest garage in Palo Alto, California, and evolving to become one of the world's most influential technology giants. Officially founded on August 18, 1947, as the Hewlett-Packard Company, the company traces its roots back to 1939, when its founders, Bill Hewlett and Dave Packard, decided to formalize their partnership.
The Beginnings: The Palo Alto Garage
In 1938, Bill Hewlett and Dave Packard, two electrical engineers who met at Stanford University, began working together on technology projects in a small garage in Palo Alto. That garage has become a symbol of innovation in Silicon Valley, marking the birth of what would later be known as the Mecca of technology.
Their first product was an audio oscillator, the HP 200A, a device used for sound testing on electronic equipment. This product was innovative not only for its quality, but also for its affordable price, which attracted clients such as Walt Disney Studios, which used the oscillator for the production of Fancy (1940).
The formalization of Hewlett-Packard
On August 18, 1947, Hewlett-Packard was officially incorporated as a company. From its inception, HP stood out for its focus on technological innovation and product quality. Over the following decades, it diversified its portfolio, expanding into the manufacture of measuring instruments, electronic calculators, and computer equipment.
Expansion and diversification in the 1950s and 1960s
In the 1950s, HP began to expand beyond its initial focus on test and measurement equipment. The company positioned itself as a leader in the development of high-precision technologies, serving sectors such as engineering, research, and defense.
During this period, HP introduced the first scientific calculator, the HP 9100A, in 1968. This product marked a milestone in the history of technology, establishing the company as a pioneer in advanced calculating devices.
The computer revolution in the 1970s
In the 1970s, HP began focusing on computing, launching its first computer, the HP 2116A, in 1966. Later, it developed personal computers and workstations, positioning itself as a key player in the growing computing market.
In 1977, HP launched its first dot-matrix printer, marking the beginning of its foray into the printing market, a segment that would become one of its core business areas in the following decades.
The 1980s and 1990s: Consolidation as a Technology Leader
In the 1980s and 1990s, HP established itself as a leader in computing and printing. It introduced the first laser printer in 1984, a product that revolutionized the printing market and strengthened its position in the business and home sectors.
In 1999, the company split, creating Agilent Technologies, a company focused on test and measurement equipment, while HP focused on computers, printers, and technology services.
The new millennium: acquisitions and transformation
In the 21st century, HP faced significant challenges due to the rapidly evolving technology market and increasing competition. However, it also seized strategic opportunities to expand its reach:
- Acquisition of Compaq (2002)HP acquired Compaq for $25 billion, becoming one of the world's largest personal computer manufacturers.
- Purchase of EDS (2008): HP acquired Electronic Data Systems (EDS) to strengthen its enterprise services division, competing directly with giants like IBM.
- Entry into the mobile marketIn 2010, HP acquired Palm, a pioneer in mobile devices. However, the company failed to capitalize on this acquisition effectively, abandoning the mobile device market in subsequent years.
The separation of HP Inc. and HPE (2015)

In 2015, HP's history took a significant turn when it split into two independent companies:
- HP Inc.: It focused on personal computers and printers, maintaining the HP brand and its core consumer business.
- Hewlett Packard Enterprise (HPE): Focused on enterprise services, servers, storage, and networking, addressing technology infrastructure needs.
This restructuring allowed both companies to better adapt to the changing dynamics of the technology market.
HP today
HP Inc. and HPE have gone their separate ways, but both remain significant players in their respective markets:
- HP Inc.: It continues to lead the personal computer and printer market, with a strong presence in 3D printing solutions and sustainable technologies. Focused on innovation, it has launched devices designed for remote work and education, segments that have grown significantly in the post-pandemic era.
- Hewlett Packard Enterprise: It has focused on cloud services, artificial intelligence, and enterprise infrastructure solutions, competing with giants such as Amazon Web Services (AWS) and Microsoft Azure.

Innovation and sustainability
In recent years, HP Inc. has embraced sustainable practices, committing to reducing its carbon footprint and using recycled materials in its products. It has also invested in 3D printing technologies, which have the potential to transform manufacturing globally.
For its part, HPE has led the adoption of advanced technological solutions, such as artificial intelligence and cloud computing, helping companies modernize their infrastructure and optimize operations.
Final reflection
HP's history is a testament to how innovation and adaptability can transform a company born in a garage into one of the world's most influential corporations. Although divided into two separate entities, Hewlett-Packard's legacy lives on, with both companies leading in their respective fields and adapting to the needs of an increasingly technological and connected world.
At El Inversor de Bolsillo we can help you invest in quality companies.
See more notes from our blog:
Aeronautics saving Apple Financial Advisor banks Berkshire Hathaway Bag Stock market bonds bubble Dot-com bubble byma commodities South Sea Company Financial advice Cryptocurrencies crisis subprime crisis free finance course economy Start investing pyramid scheme USA scams Facebook finance Personal finances IBM inflation England LTCM financial mentoring Argentine market stock market international market Microsoft Nasdaq Oil dotcom Russia Steve Jobs Technology value investing Wall Street Warren Buffett




