Hewlett-Packard - Biggest Brands

[VelMurugan]

Hewlett-Packard

IT giant Hewlett-Packard ranks at no. 12 on the global brand list with a brand value of $23,509 million. With revenue totaling $113.1 billion for the four fiscal quarters ended July 31, 2008, the company sees 6 per cent change in brand value.

Founded in 1939 by William (Bill) Hewlett and David (Dave) Packard, both electrical engineers from Stanford University, the company today has operations spread in more than 170 countries. The maker of computers and printers recently made a $13.2 billion acquisition of technology services provider Electronic Data Systems (EDS). The company plans to cut 7.5 per cent of its workforce, or 24,600 jobs, seeking to realise savings from its acquisition of EDS.

The company will carry out the cutbacks over the next three years, while replacing about half the jobs in new areas of its services business. Nearly half of the job reductions will take place in the United States. India too is likely to bear the brunt with about 1,000 jobs getting slashed across categories.

Eyeing the consumer space, HP is working on several touchscreen products, including notebooks that will use the finger-tapping interface popularised by iPhone. The company plans to buy back up to $8 billion more of its own shares. HP said the new program was in addition to the $8 billion authorization approved in November.

Source : IndiaTimes