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News > Technology
HP eyes new markets
October 12, 2000: 1:41 p.m. ET

Technology giant says it will focus sales efforts on developing countries
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NEW YORK (CNNfn) - Hoping to extend its reach into what have traditionally been under-served markets, technology giant Hewlett-Packard Co. has begun a program to bring Internet access and other technology services to developing countries.

The Palo Alto, Calif.-based company said it plans to sell, lease or donate $1 billion worth of equipment and services through the new program, which it has dubbed "World e-Inclusion," in 2001.

As part of the new program, HP said it is developing custom technology, products, and services to be deployed in rural villages and small towns. The company's aim is to enable low-income people to establish sustainable business ventures in Africa, Asia, Central and Eastern Europe, and Latin America.

graphic"We have a strong philanthropy program, and we will continue to do that," an HP spokeswoman said Thursday. "But philanthropy can only go so far. Sustainable business models that the poor can benefit from, and at the same time companies like HP or others can profit from, is really the best approach."

HP said it is already has been forging alliances around the world as part of its effort. For example, earlier this year the company entered into an agreement with the Foundation for Sustainable Development of Costa Rica to develop and implement "telecenters" for villages in remote areas of the world.

Housed in recycled shipping containers, the telecenters are equipped with solar-powered computers and high-speed Internet connections. The company plans to implement similar programs in the Caribbean to Asia, Africa and Central Europe.

HP also has established a World e-Inclusion Web site to promote the new project. Craft items, in time for the holidays, also can be purchased from participating villages through the Web site.

Shares of HP (HWP: Research, Estimates) were down $1.25 at $84.31 in afternoon trade on the New York Stock Exchange Thursday. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.