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Hewlett
Packard is one of the world's leading technology companies, the global #1
in both personal computers and printers, and one of the two leaders in IT
services. HP reinvented itself in 2002 in a controversial merger with
competitor Compaq. Although full integration of what were already two huge businesses seemed at first to have gone
smoothly, Compaq lost leadership of the
US PC market to Dell that same year, and the group
continued to trail IBM
in IT services. The enlarged business also remained over-dependent on its original printers business
for profits,
showing that it still had some way to go before it could call the merger a
success. The board certainly thought so, and forced out high profile CEO
Carly Fiorina, the architect of the merger, in early
2005. New CEO Mark Hurd has demonstrated a firm grasp on the business, and HP
knocked Dell off its perch as the global #1 in PCs in 2007. Its purchase of EDS
in 2008 narrows the gap with IBM in IT services. Advertising Age estimated global measured advertising expenditure of
$624m in 2007, making HP the world's #56 advertiser. Click here to access the Adbrands profile (subscribers only); or
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Competitors: see IT Sector index for other companies
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Hewlett
Packard website
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