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  HP Co-Founder William Hewlett Dies at 87
Time: 09:58 EST/14:58 GMT | News Source: Reuters | Posted By: Robert Stein

Hewlett-Packard Co. co-founder William Hewlett, who helped launch a technology revolution out of a Silicon Valley garage, died on Friday morning in his sleep, the company said.

Hewlett, 87, and David Packard, who died in 1996, founded their company in 1939. One of their first sales of electronic equipment was to Walt Disney Studios, which used it to perfect the soundtrack of the animated movie ``Fantasia.''

Begun in a one-car garage with $538, Hewlett-Packard is now a computer and printer powerhouse with nearly $50 billion in annual sales. It also spun off Agilent Technologies Inc., an $11 billion testing equipment firm.

The company started in the shadow of the Depression, leading the young businessmen, Hewlett and Packard, to be careful with their money but generous with their employees, embracing a management style that has become known as the ``HP Way.''
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