Multinational Corporation

Topics: Hewlett-Packard, Corporation, Multinational corporation Pages: 3 (729 words) Published: April 6, 2011
Multinational Corporation
A multinational corporation (MNC) is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred as an international corporation The first modern multinational corporation is generally thought to be the Dutch East India Company. Nowadays many corporations have offices, branches or manufacturing plants in different countries from where their original and main headquarters is located. Multinational Corporations (MNC) working in UAE:

1- Hewlett-Packard Company (HP)
Hewlett-Packard Company commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. That was founded in 1939, by Bill Hewlett and David Packard. HP is one of the world's largest information technology companies and operates in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products. Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS (Electronic Data Systems) in 2008. In November 2009, HP announced the acquisition of 3Com. On April 28, 2010, HP announced the buyout of Palm for $1.2 billion. On May 16, 2010, the acquisition of Palm was final. HP is based in DIC (Dubai internet city) since October 2000. The result of its operations in 2009 was loss of $114.552 billion

2- Standard Chartered Bank
Standard Chartered plc is a British financial services company home country in London, UK with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures)

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