ZDNet Asia Top Tech 50 Hewlett-Packard www.hp.com

Do not dismiss Hewlett-Packard just yet. The once-troubled ship found itself a new captain, CEO Mark Hurd, and he could be just the one to steer the company back onto the right course.

The former NCR chief took over the reins of HP after the very-public ousting of Carly Fiorina early this year, and he has since introduced some sweeping changes.

In July, Hurd announced that the company would trim organizational fat by eliminating some 14,500 jobs, or about 10 percent positions out of a total of 150,000.

The company also decided to stop selling Apple iPods under its own brand, as well as to bow out of the digital camera business in Asia. It will continue to sell digital cameras only in North America, Europe, and Latin America. Both moves were met with analyst approval.

Hurd also took a harder stance with its partners, and said in July that the company was looking to re-evaluate its compensation structures for partners to make sure that they focus on selling multiple-related HP products, such as iPaqs with Pavilion notebooks.

A turnaround in HP's fortunes came in August 2005, when it reported a 10 percent revenue increase for the third quarter to US$20.8 billion compared to the same quarter a year ago. The company attributed the growth to increased server and storage sales, as well as overseas sales.

This company is listed in Systems, Storage Management, Software Infrastructure, Services.

Financials

Fiscal year-end Oct	FY05	FY04	FY03	FY02	FY01
Global full-year revenue (US$millions)	—	80,000.0	73,000.0	72,000.0	45,000.0
Global full-year net income (US$millions)	—	5,000.0	4,500.0	3,200.0	408.0

Average year-on-year revenue growth over 4 years	23.7 %
Average year-on-year net income growth over 4 years	245.3 %
Percentage of revenue from Asia	17.0 %
Percentage of Asian revenues from channel	—

Operations:

Founded	United States/1939
First Asian office	Japan/1963
Global employees	150,000
Employees in Asia	36,000
Asian countries: Total 10	China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam
Notes	Including Japan and Korea, Asia accounts for 17 percent of HP's overall revenues. * Data correct as at September 2005. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

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Systems | Networking and communications | Storage management | Security | Software Infrastructure | Services | Business applications | Internet services