HP 2006 Annual Report Download - page 10

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HP is focused on extending its distributed systems management leadership position into
application, service management and business process management market segments. In
December, 2005, we acquired the outstanding shares of Peregrine Systems, Inc. (‘‘Peregrine’’). The
acquisition of Peregrine adds key asset and service management components to our HP OpenView
portfolio. In November 2006, we completed our acquisition of Mercury Interactive Corporation
(‘‘Mercury’’), an IT management software and services company. The acquisition will combine HP
OpenView’s systems, network and IT service management software solutions with Mercury’s application
management, application delivery, and IT governance offerings. This portfolio of solutions is expected
to enable our customers to reduce IT costs and make better IT decisions by helping them align IT
spending with business goals and automate and measure IT program effectiveness.
Personal Systems Group
PSG is one of the leading providers of personal computers (‘‘PCs’’) in the world based on unit
volume shipped and annual revenue. PSG provides commercial PCs, consumer PCs, workstations,
handheld computing devices, digital entertainment systems, calculators and other related accessories,
software and services for the commercial and consumer markets. We group commercial desktops,
commercial notebooks and workstations into commercial clients and consumer desktop and consumer
notebooks into consumer clients when describing our performance in these markets. Like the broader
PC market, PSG continues to experience a shift toward mobile products such as notebooks. Both
commercial and consumer PCs are based predominately on the Windowsoperating system and use
Intel and AMD processors.
Commercial PCs. PSG offers a variety of personal computers optimized for commercial uses,
including enterprise and SMB customers, and for connectivity and manageability in networked
environments. These commercial PCs include the HP Compaq business desktops and business
notebooks, as well as the HP Compaq Tablet PCs.
Consumer PCs. Consumer PCs include the HP Pavilion and Compaq Presario series of multi-
media consumer desktop PCs and notebook PCs, as well as HP Media Center PCs, and are targeted at
the home user.
Workstations. Workstations are individual computing products designed for users demanding
enhanced performance, such as computer animation, engineering design and other programs requiring
high-resolution graphics. HP provides workstations that run on UNIX, Windowsand Linux-based
operating systems.
Handheld Computing. HP provides a series of HP iPAQ Pocket PC handheld computing devices
that run on WindowsMobile software. These products range from value devices such as music or
Global Positioning System receivers to advanced devices with voice and data capability.
Digital Entertainment. PSG’s digital entertainment products are targeted at the intersection of the
personal computing and consumer electronics markets and span a range of products and product
categories that allow customers to enjoy a broad range of digital entertainment experiences. PSG’s
digital entertainment products include HD DVD and RW drives and DVD writers; the HP Digital
Entertainment Center, which allows consumers to access their music, movies, home videos and photos
from a single device via remote control; and plasma and LCD flat-panel televisions.
Imaging and Printing Group
IPG is the leading imaging and printing systems provider in the world for consumer and
commercial printer hardware, printing supplies, printing media and scanning devices. IPG is also
focused on imaging solutions in the commercial markets, from managed print services solutions to
addressing new growth opportunities in commercial printing in areas such as industrial applications,
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