This Day in History: August 18
August 18, 1947
Hewlett-Packard Is Incorporated
Hewlett-Packard Co. is incorporated, nine years after William Hewlett and David Packard sold their first oscillators from a garage in Palo Alto, where they had set up shop with $538 in capital. They determined the order of their names in the company by a coin toss.
Moving from oscillators, the first of which they sold to Disney for the movie Fantasia, the Stanford graduates built one of the world's largest electronics companies.