Company Backround Hewlitt Packard was founded in 1939 by William Hewlett and David Packard; it was late incorporated in 1947. Today, Hewlett Packard is one of the largest providers of many technologies such as laptops, desktops, digital cameras, printers, smart phones, and various software and support programs. The technological industry is rapidly growing and introducing new technologies, and Hewlett Packard actively keeps up with that. Hewlett Packard is ranked second in the computer hardware industry in terms of sales; right behind International Business Machines (Yahoo Finance). Considering that Hewlett Packard is a very successful and powerful international company, I am choosing to explore HP at a more national level. Impact from Economy It is difficult for a company as large as Hewlett Packard to continue to make usual profits during hard economic times, particularly between July, 2008 and June, 2010. To this day, Hewlett Packard is a part of the top 50 US companies to lay off the most staff during
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