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Our History
1950s
Bill and Dave, with the help of their management team, develop HP’s corporate objectivesthe basis of its special management philosophyand HP embarks upon a path toward globalization.
Hewlett-Packard goes through a growing and maturing process in the 1950s, learning much about the "new" technology of electronics and about the internal effects of growth. HP hammers out its corporate objectives — the basis of its special management philosophy and the core of "The HP Way".
HP becomes a public corporation in 1957 through its first public stock offering. In keeping with Bill Hewlett and Dave Packard's respect for workers, HP takes the then-unusual step of giving stock grants to employees.
The growing HP begins building on the site that will become its corporate headquarters in Palo Alto, California. HP also embarks on a path toward globalization, establishing manufacturing and marketing operations in Europe.
1951
1956
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HP produces its first oscilloscopes: models 130A/150A. Oscilloscopes, which show the variations in a fluctuating electrical quantity as wave forms that are visible on a screen, will form a significant part of HP's test and measurement products.
1957
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First public stock offering: Nov. 6, 1957. Its initial public offering is held November 6, 1957 for $16 per share. All employees at all levels with six months of service receive an automatic stock grant and become eligible for a stock option program.
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Corporate objectives are written to serve as the basis for ”The HP Way”, a management style that Verigy continues to emulate. The objectives cover seven points: profit, customers, fields of interest, growth, our people, management and citizenship.
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HP begins manufacturing in its first building in the Stanford Industrial Park, Palo Alto. The move to the site at 1501 Page Mill Rd. is completed in 1960, when it becomes HP's corporate headquarters. The new site supports HP philosophy that people require attractive and pleasant surroundings to attain maximum job satisfaction and to perform to the best of their abilities.
1958
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HP makes its first acquisition: F.L. Moseley HP of Pasadena, California, producer of high-quality graphic recorders.
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Bill sees new possibilities for U.S. companies in Europe based on two developments: the 1957 Treaty of Rome and the European Common Market. He travels to Europe to investigate setting up HP operations there.
1959
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Following the signing of the Treaty of Rome in 1957, HP establishes its presence outside of California with European Marketing Organization in Geneva, Switzerland, and first manufacturing plant outside of U.S. in Boeblingen, West Germany. Today, Verigy continues to house at the campus in Boeblingen the critical research and development team for its V93000 single scalable platform, a system that has set the standard for innovation in the semiconductor ATE industry.
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HP implements an employee stock purchase plan.
Alto, CA. in 1957 - HP 524A
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