19. Hewlett Packard
Hewlett Packard was set up in a garage in Palo Alto, California. The one-car garage at 367 Addison Avenue has a plaque declaring the address the “Birthplace of Silicon Valley” due to HP starting there. It is a designated historical landmark as a result. Hewlett-Packard is a transnational IT company that offers a wide range of products and services for the computer hardware & software, IT consulting, and IT services industries.
In 1939, William “Bill” Reddington Hewlett and David “Dave” Packard established HP in a garage owned by Packard’s parents. They paid $538 as a rental for using the space and started by manufacturing a set of electronic test calibrating equipment. The first product they made was the precision audio oscillator. Their first client was Walt Disney, who purchased eight units for $720.
Gradually, HP ventured into the IT industry, producing high-quality computers, printers, servers, networking, and storage systems. Starting from 2007 till the second quarter of 2013, HP was the largest PC globally manufacturer. As of 2019, HP Inc’s net income was $3.15 billion, and the company’s total assets amounted to $33.46 billion because of their worldwide success.