Compaq Computer Corporation
Compaq Computer Corporation was an American information technology company founded in 1982 by Rod Canion, Jim Harris, and Bill Murto. The company was known for developing, selling, and supporting computers and related products. Compaq gained prominence by producing some of the first IBM PC compatible computers through a legal process of reverse engineering the BIOS of the IBM Personal Computer.
Product Innovations
Compaq's initial product, the Compaq Portable, was introduced in 1983 as one of the earliest portable computer systems and quickly became a market success. The Compaq Deskpro 386, launched in 1986, was another significant innovation as the first IBM PC compatible to utilize the Intel 80386 microprocessor.
In 1993, Compaq introduced the Compaq Presario line, which became popular for home and small business users. This range included both desktops and laptops, providing customers with affordable computing solutions.
Mergers and Acquisitions
In 1998, Compaq made a strategic decision to acquire Digital Equipment Corporation (DEC) for approximately $9 billion. This acquisition brought Compaq a wealth of technological resources, including the DEC Alpha family of CPUs, enhancing its product lineup and global reach.
However, Compaq faced intense competition and struggled with pricing wars against companies like Dell and Hewlett-Packard. In 2002, Hewlett-Packard (HP) acquired Compaq for $25 billion, marking the end of Compaq as an independent company.
Legacy and Brand Usage
Post-acquisition, the Compaq name continued under HP as a brand for lower-end systems until 2013. Compaq's legacy includes the introduction of innovative products and its role in popularizing IBM PC compatibles. The HP Compaq brand served as a replacement for the Compaq Evo in 2003, targeting business users, while the HP ProBook brand succeeded it in 2009.
Other Contributions
Compaq was also known for its sponsorship efforts, notably the naming rights to the Compaq Center, now known as the Lakewood Church Central Campus in Houston, Texas. This demonstrates the company's influence beyond technology into cultural and community aspects.