Hewlett-Packard Company, commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and Dave Packard, and is now one of the world's largest information technology companies, operating in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise & industry standard servers, related storage devices, networking products, software and a diverse range of printers, all-in-one's and other imaging products. HP markets its products to households, small- to medium-sized businesses and enterprises directly as well as via online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors. HP also has strong services and consulting business around its products and partner products.
Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002. On April 28, 2010, HP announced the buyout of Palm for $1.2 billion. HP now designs and manufactures smartphones and tablet devices running Palm's Web OS, now branded under HP's moniker.