During this time, William “Bill” Hewlett and David “Dave” Packard both attended nearby Stanford University and in 1937 had their first business meeting. The then Dean of Engineering Frederick Terman encouraged them to establish an electronics company in the local area rather than leaving California.
Therefore, in 1938 Dave Packard moved into the first-floor three room apartment a 337 Addison Avenue with his newlywed Lucille with Bill Hewlett sleeping in the shed. A now widowed, Mrs Spencer moved into the second floor apartment.
Dave and Bill formed a partnership and began using the one-car garage with jus $538 in start up capital and in 1939 flipped a coin to decide whose name would precede the other for the company. Thus, Hewlett, Packard was born.
The company’s first product which you can still see a replica of today was an audio oscillator, known as the HP200. Interestingly, one of their first customers was the Walt Disney Company who purchased eight of these oscillators to test the sound systems in theaters running the iconic film Fantasia. This was the first major movie to be shown in stereophonic sound.