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The company was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard Company after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise. [4] HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index.
In 1938, Packard and Hewlett began part-time work in a rented garage with an initial capital investment of US$538 (equivalent to $11,645 in 2023). In 1939, Hewlett and Packard decided to formalize their partnership. They tossed a coin to decide whether the company they founded would be called Hewlett-Packard (HP) or Packard-Hewlett. [12]
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On March 2, 2015, Hewlett-Packard announced it would acquire Aruba Networks for approximately US$3 billion. [1] On May 19, 2015, HP completed the acquisition. As of November 1, 2015, the company operates as the "Intelligent Edge" business unit of Hewlett Packard Enterprise company, which encompasses all of HP/HPE's networking and security ...