Compaq has turned to be one of the world's most successful companies and currently it leads the computer industry in market share performance as well as balance sheet strength. The company has achieved it by consistently executing their strategic plans, delivering on their promises and also striving to provide clients with the highest levels of flexibility and innovation at the lowest total cost of ownership. By simply continuing to do so, the company believes that they’ll drastically strengthen their capability to lead the future of computing.
History of Compaq Computer Corporation
Compaq Computer Corporation appears to be the world's largest supplier of personal computers. Moreover, as a result of its acquisition of Digital Equipment Corporation in 1998, it’s also the second largest computer company in the world. In addition to developing, designing and marketing portables, desktops, laptops, workstations as well as servers for consumers and businesses, the company also develops and markets computer software, hardware, solutions and services. Its high quality products are marketed in more than 100 countries around the globe.
When in 1982 International Business Machines Corporation or IBM for short introduced its first personal computer, Compaq was among those dozens of other companies, struggling in the market with IBM clones. These computers looked and performed just like IBM PCs, but they were more affordable. Compaq managed to set itself apart from other clone manufacturers by simply becoming an innovator itself, making IBM-compatible PCs, which were faster and superior in quality. Furthermore, the company provided extra user features.
Apart from that the company’s management team set Compaq Computer apart from others in the PC industry. Made up of seasoned professionals from Texas Instruments as well as IBM, the team's previous experience in the volatile computer industry gave the company all the necessary tools to survive a period of phenomenal growth in 1983.The company’s staff also had the technical and business grounding in order to establish new industry standards on its own and without following IBM.
Compaq's beginning burst out in the summer of 1981, when Joseph R. "Rod" Canion, William H. Murto and James M. Harris, to say nothing of three senior managers from TI, made up their mind to start their own company. As we see, they succeeded in that undertaking.
Compaq has turned to be one of the world's most successful companies and currently it leads the computer industry in market share performance as well as balance sheet strength.