HP 2006 Annual Report Download - page 11

outdoor signage, and the graphic arts business. When describing our performance in this segment, we
group inkjet printer units and digital photography and entertainment products and services into
consumer hardware, LaserJet printers and graphics and imaging products into commercial hardware
and break out printer supplies separately.
Inkjet Printers. Inkjet systems include desktop single function and inkjet all-in-one printers,
including photo, productivity and business inkjet printers and scanners.
Digital Photography and Entertainment. Digital imaging products and services include photo
specialty printers, photo kiosks, digital cameras, accessories and online photo services through Snapfish
in North America. An important part of IPG’s strategy is to provide digital imaging solutions that rival
traditional imaging for quality, cost and ease of use so that consumers can manage their digital imaging
throughout the home and outside the home.
LaserJet Printers. LaserJet systems include monochrome and color laser printers, printer-based
multi-function devices and Total Print Management Solutions for enterprise customers. A key initiative
in this area of IPG’s business has been and continues to be driving color printing penetration in the
office.
Graphics and Imaging. Graphics and Imaging products include large format (DesignJet) printers,
Indigo and Scitex digital presses, digital publishing solutions and graphics printing solutions. A key
initiative for IPG is to capture high-value pages by developing compelling solutions for the industrial,
commercial printing and graphics segments.
Printer Supplies. Printer supplies include LaserJet toner and inkjet cartridges and other printing-
related media. These supplies include HP-branded Vivera and ColorSphere ink and HP Premium and
Premium Plus photo papers, which are designed to work together as a system to produce faster prints
with improved resistance to fading, increased print quality and better affordability.
HP Financial Services
HPFS supports and enhances HP’s global product and service solutions, providing a broad range
of value-added financial life cycle management services. HPFS enables our worldwide customers to
acquire complete IT solutions, including hardware, software and services. The group offers leasing,
financing, utility programs and asset recovery services, as well as financial asset management services
for large global and enterprise customers. HPFS also provides an array of specialized financial services
to SMBs and educational and governmental entities. HPFS offers innovative, customized and flexible
alternatives to balance unique customer cash flow, technology obsolescence and capacity needs.
Corporate Investments
Corporate Investments is managed by the Office of Strategy and Technology and includes Hewlett-
Packard Laboratories, also known as HP Labs, and certain business incubation projects. Revenue in
this segment is attributable to the sale of certain network infrastructure products, including Ethernet
switch products that enhance computing and enterprise solutions under the brand ‘‘ProCurve
Networking.’’ Corporate Investments also derives revenue from licensing specific HP technology to
third parties.
Sales, Marketing and Distribution
We manage our business and report our financial results based on the principal business segments
described above. Our customers are organized by consumer and commercial customer groups, and
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