Hewlett Packard (HP) is an American IT company founded in 1939 that provides hardware, software, and services. It offers printers, PCs, servers, and delivers outsourcing and consulting services. HP has a large product portfolio including Inkjet and LaserJet printers. Though it has strong R&D and production, HP faces declining demand for PCs and printers along with weak financials in recent years. Opportunities exist in cloud services and expanding services divisions, but threats include price competition and rapid technology changes.