Hewlett-Packard

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Headquarters: 3000 Hanover St. Palo Alto, CA 94304 Employees: 172,000 CEO: Mark Hurd Stock Symbol: HPQ Website: http://www.hp.com Company News Career Site Hewlett-Packard is one of the world's top technology companies. It manufactures and sells computers, laptops, pocket PCs, printers, servers and digital cameras. HP is the No. 1 seller of computers, printers and ink supplies. The company serves more than one billion customers in over 170 countries on six continents. The company spends $3.6 billion a year on research and produces on average 11 patents a day worldwide. Hewlett-Packard is the largest employer in Silicon Valley and helped kick off the region's growth in technology innovation. For fiscal 2007, revenues were $104.2 billion and net income of $7.2 billion. History Stanford University classmates Bill Hewlett and Dave Packard founded HP in 1939. The company's first product, built in a Palo Alto garage, was an audio oscillator-an electronic test instrument used by sound engineers. One of HP's first customers was Walt Disney Studios, which purchased eight oscillators to develop and test an innovative sound system for the movie Fantasia. In 1999, HP spun off the medical, components and test measuring business now known as Agilent Technologies in an IPO. In 2001, HP acquired Compaq Computer following a lengthy battle with then-CEO Carly Fiorina and Walter Hewlett, son of founder Bill and who vigorously opposed the merger. Benefits Benefits may vary by country. In the U.S., regular full-time or regular part-time employee scheduled to work 20 or more hours per week are eligible for most benefits immediately. HP offers a pool of BeneFlex dollars, allowing you to purchase the benefits with the options you need. HP announced it will end its pension program for new employees starting in 2006 and those employees below a certain age. Only employees whose age and years of service at the company equal 62 will continue to receive a pension. The company will increase its 401(k) contributions to 6% of employee pay. Share Ownership Plan offers employees stock at discounted prices. Vacation for new employees starts at 10 days per year with 11 paid holidays per year. Tuition assistance, adoption assistance, wellness programs, and discounts on HP products are also provided. Updated February 20, 2008