HP is No. 5 among Fortune's Most Admired Companies and No. 10 among Fortune's Best Companies to Work for in America. (Fortune Site). Headquartered in Palo Alto, California, the company employs more than 120,000 people, of whom some 69,000 work in the United States. (Hewlett Packard Site).

Cardiac ultrasound-imaging, patient-monitoring systems, and HP computer systems are used in hospitals in both clinical and administrative areas. This helps health-care organizations improve patient care and reduce costs. HP analytic

Fortune. [Online] Available http:// www.fortune.com, October 1,1997

Hewlett Packard's research facility ranks as one of the leading industrial-research centers in the world. Researchers develop and apply leading-edge technologies that support HP's current businesses and create new opportunities for the company. In 1997, between HP Labs and some 70-product divisions, HP invested $3.1 billion in research and development. (Hewlett Packard Site).

Hewlett-Packard started from humble beginnings and through scientific and business innovations it continues to grow.

The document is at the center of the company's management style called "The HP Way." These Corporate Objectives include profit, customers, fields of interest, growth, "our people", management, and citizenship. Lewis E. Platt is the current Chairman, President, and CEO of Hewlett Packard. (Hewlett Packard Site).

Net revenue for the quarter was $11.0 billion, compared with $10.5 billion in the year-ago quarter. Net revenue in the United States was $5.2 billion, an increase of 9 percent compared with a year ago, while revenue from outside the United States rose 1 percent to $5.8 billion. "This was a tough quarter, but we did many things that we believe will position us for better performance going forward," said Platt. "We made real strides on expenses, and we will take further actions to build on this short-term progress. In addition, we have an exciting schedule of product rollouts across the company in the months ahead." (Hewlett Packard Site).

The future of Hewlett Packard looks promising, but according to "Factors that May Affect Future Results" its prosperity is not definite. "Factors that May Affect Future Results" was a section included in HP's Form 10-Q for the period ending July 31, 1998, filed with the Securities and Exchange Commission. The Company's numerous competitors range from some of the world's largest corporations to many relatively small and highly specialized firms. Technology, performance, price, quality, reliability, distribution and customer service and support are factors of Hewlett-Packard's competition. Product life cycles are short and the company must update its existing products and develop new ones. HP anticipates that it will have to adjust prices and effectively manage financial returns with reduced gross margins. Inventory management has become increasingly complex as they continues to sell a greater mix of pr

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