With one of the largest supply chains in the IT industry, reducing upstream emissions benefits the value chain and the planet.
Northampton, MA --News Direct-- HP Inc.
By James McCall, Chief Sustainability Officer
In 2021, HP announced a range of ambitious climate action targets, including a commitment to be net zero by 2040 — a full decade ahead of the Paris Agreement. We’ve published our Sustainable Impact Report for over 20 years and have actively worked to reduce our footprint for decades. That’s because it’s in our company’s DNA to push toward the goal of being the most sustainable and just tech company in the world.
We’ve had many successes. Last year HP was one of only 14 companies worldwide, and the sole tech firm, to receive a prestigious Triple A rating in Climate, Water, and Forest benchmarks from the not-for-profit Carbon Disclosure Project (CDP) — our third year in a row. And because consumers care about their footprint and want their purchases to have a positive impact, whether they’re buying a new computer, printer, or coffee machine, sales related to our sustainability efforts have more than tripled, hitting $3.5 billion in fiscal year 2021.
But we realize there is more to be done to reach our goal of cutting our absolute greenhouse gas emissions 50% by 2030, which means minimizing Scope 1, 2, and 3 emissions across our end-to-end value chain.
Scope 1 emissions are from HP’s direct operations. Scope 2 are indirect emissions, such as the electricity that powers our operations. Scope 3 relates to activities not controlled by HP, such as “upstream” emissions from our supply chain and “downstream” emissions from customer use of our products. Together, Scopes 1, 2, and 3 represent the cradle-to-grave emissions of our products, and nearly all our emissions (99%) are Scope 3, with almost 70% of those coming from our supply chain and 30% from customer use.
Tackling Scope 3 emissions
With our supply chain representing over two-thirds of our emissions, our mandate was clear: To reduce the footprint of our printers, computers, and monitors, we had to reduce the footprint of the components, manufacturing, assembly, and transportation of those items. We have hundreds of suppliers, so we needed to take a data-based approach to this problem. We examined our supply chain data and found that our 30 largest partners were responsible for nearly 80% of the Scope 3 emissions from our directly-contracted-suppliers operations. If we could assist those 30 companies in becoming more eco-friendly, the results would be far-reaching. To help these suppliers reach the next level of success, we leaned into the philosophy of “If you supply a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime.” Not only would helping the suppliers help HP, but it would benefit their bottom line, other customers, the communities where they operate, and the planet as a whole. So we got to work.
Because HP has stressed responsible sourcing, human rights, and sustainability as part of our supplier selection, many of our partners already had a strong base but needed extra support. Building off our real-world learnings within HP, we partnered with them to create environments where they could adopt long-lasting environmentally conscious approaches that would be best for their unique businesses.
Over the last two years, HP has brought in top-tier environmental groups such as the CDP and World Wildlife Fund (WWF) to host virtual workshops for those 30 suppliers. Participants learned about energy efficiency, renewable energy, setting science-based targets, external reporting, and more.
At the same time, we asked our partners to disclose their footprint using CDP Supply Chain reporting tools. Nearly 200 suppliers (representing over 95% of our yearly spending) are currently doing so. This transparency helps HP better understand our footprint and informs the broader tech industry utilizing this supply chain.
Tackling the rest
The results have been incredible: Twenty of our top 30 suppliers have formally committed to setting meaningful greenhouse gas reduction targets following the Science Based Targets Initiative. We are also proud that 100% renewable electricity now powers the final assembly of over 95% of our worldwide PC and display products. HP and our supply chain partners are making substantial progress, but there’s still much more to do. It’s vital that we address the “upstream” supply chain adding to our footprint. However, we cannot reach net zero without also tackling the 30% of our emissions generated during the ongoing customer use of our products. The good news is that customers are actively seeking sustainable choices on shelves, online, or as part of enterprise purchase for printers, computers, and monitors. Our goal is to help them do just that—to make the home, office, or hybrid work setup of the future the most sustainable ever.
How HP is building a sustainable and ethical supply chain
Hundreds of suppliers make up HP’s supply chain — one of the largest in the IT industry — and the company’s commitment to make ethical, sustainable, and resilient products protects its business and brand, strengthens customer relationships, and creates opportunities to innovate.
HP works with peers across the IT industry to engage the entire supply chain in efforts to eradicate minerals that directly or indirectly support armed groups and to promote responsible sourcing of minerals regardless of origin. In the European Union, for example, we support the Conflict Minerals Regulation, which focuses on responsible smelter sourcing regardless of country of mineral origin, including conflict-affected and high-risk areas (CAHRAs) worldwide.
We summarize supplier performance using Sustainability Scorecards, designed to incentivize suppliers and drive ongoing improvement through consistent, comprehensive, and actionable feedback. The results contribute to a supplier’s overall procurement score, which impacts their relationship with HP and ongoing business.
In collaboration with NGO partners and other external organizations, we provide programs designed to help suppliers continually Strengthen along their sustainability journey. These programs focus on areas such as worker well-being, rights and responsibilities, and environmental, health, and safety (EHS) awareness. In 2021, there was a 114% increase in factory participation in HP’s Supply Chain Sustainability Programs.
We partner with logistics suppliers that have the same environmental mindset as HP to provide solutions to reduce CO2 impact, such as biofuels for ocean freight and electric vehicles for road freight. We are also investigating Sustainable Aviation Fuel for air freight. Additionally, in the United States, HP is a Gold Level Sponsor of Truckers Against Trafficking (TAT), which helps combat human trafficking by educating and mobilizing our trucking supplier network, in coordination with law enforcement agencies.
Our Amplify Impact program invites partners to help drive meaningful change across the global IT industry. Partners that pledge will tap into our extensive knowledge, training, and resources to assess and work to Strengthen their own sustainability performance. To date, 1,400 channel partners have been trained, educated, and empowered through HP Amplify Impact.
Retail sale / Customer use
HP Planet Partners is the company’s return-and recycling program for computer equipment and printing supplies. HP ink and LaserJet cartridges returned through HP Planet Partners go through a multiphase “closed loop” recycling process. Recycled plastic from empty cartridges is used to create new Original HP cartridges and other everyday products.
Post-sale / End-of-use
We develop services that aim to keep products in use longer, offer service-based solutions, and recapture products and materials at end of use. For instance, through our HP Device Recovery Service we buy used devices securely to supply them new purpose, extend their life spans, and reduce negative environmental impact. Customers receive reverse logistics, data sanitization with a certificate, a sustainability benefit report, and the fair-market value of the device.
View additional multimedia and more ESG storytelling from HP Inc. on 3blmedia.com
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3D printing has upended the traditional design process, encouraging companies to take innovative approaches through all phases of design – from development and testing to final production. 3D printing’s additive manufacturing process also supports mass-customization – a manufacturing approach companies have pursued for decades – with mixed results.
HP took its expertise in inkjet processes into 3D printing with notable results. The company recently turned its expertise in 3D printing to the sports equipment industry. HP focused on mass customization to personalize products from golf clubs to snowboard bindings. “HP is working with sporting goods companies as a partner to make an immediate, but also transformational, impact on their business,” David Woodlock, application development and design manager at HP, told Design News. “With the materials and performance our parts are bringing, we’re enabling rapid development of new products with end-user testable prototypes.”
HP’s move into sports products is ambitious. The company seeks to become a major design and manufacturer of sports equipment, aiming to participate in all stages of design and production. “HP is charting a path for 3D printing to engrain itself in the sports industry by enabling new manufacturing capabilities and designs,” said Woodlock. “Our 3D printing solutions provide a broad range of support – from initial design and testing to full-scale production. A key differentiator of our 3D printing technology is our ability to support performance and development at the high price points, while also providing a roadmap to scale down to more mass-market opportunities.”
HP’s goal is to support innovative approaches to equipment design. “We recently partnered with Cobra Golf, a leader in golf club innovation, to create the KING Supersport-35 putter that features a fully 3D printed metal body with an intricate lattice structure,” said Woodlock. “We offered creative reinvention in developing sports equipment.”
Unlike many consumer products, sports equipment is very personalized It is designed to fit the human body and human movement. Thus, the more personalized the better. “The industrial designers and product designers in the sporting goods industry are some of the most human-centered professionals there are. Everything revolves around how to Strengthen the experience of the participant, particularly as that experience is driven by personal preference,” said Wiidlock. “Collaboration to support personalized equipment allows our technology to impact design and creativity at various stages.”
The key to personalized equipment design is the mass customization capabilities of additive manufacturing. “We are working with companies who use 3D printing’s design flexibility to create a more comfortable experience for customers,” said Woodlock. “That involves improving touchpoints and padding.”
Safety is also a critical factor in sports equipment. 3D printing can take a role in safety as well. “We are collaborating with groups using the technology to Strengthen safety for the participant, by creating equipment that controls impact in a new way,” said Woodlock. “We’re working with companies like Cobra Golf to create better-performing products that can be deployed at the highest levels of the sport.”
While most companies would like to customize their products for individual customers, in sports equipment, that goal is particularly important, since equipment affects performance. “According to HP’s Digital Manufacturing Trends Report, over 91% of respondents want to explore mass customization for their business via 3D printing capabilities,” said Woodlock. “In the sports industry, where passions revolve around choosing how to engage in sports and activities, a piece of equipment – personalized or not – can shape or enhance the experience profoundly. Simply put, sporting goods make things personal.”
During the pandemic, many people have turned to individualized sports. “One of the big trends we’ve seen emerge from Covid-19 is a surge of new participants in activities like cycling, Nordic skiing, and paddling,” said Woodlock. “With all these new participants come people of different sizes, shapes, ages, and abilities. Where 3D printing steps in is the technology’s ability to support manufacturers as they respond to the needs of new consumers in a way that simply wasn’t possible before.”
One of the promises of additive manufacturing is its ability to produce designed-for-one products. “3D printing can create more options and choices for consumers, enabling product creation that satisfies a larger and more diverse set of customers,” said Woodlock. “And where needed and valuable, 3D printing can enable the creation of fully customized solutions and products that ultimately enhance experiences across the sports industry.”
Rob Spiegel has covered manufacturing for 19 years, 17 of them for Design News. Other subjects he has covered include automation, supply chain technology, alternative energy, and cybersecurity. For 10 years, he was the owner and publisher of the food magazine Chile Pepper.
Sixty years after Hewlett-Packard Co. employees first began moving into Building A on the company’s new Loveland campus in October 1962, the company that once grew to employ more than 9,000 workers in Loveland, Fort Collins and Greeley does not have the presence that it once did.
Today, HP’s successor companies — Hewlett-Packard Enterprise Co. (NYSE: HPE) and HP Inc. (NYSE: HPQ) — occupy 580,000 square feet in Fort Collins, with HPE employing 800 people. (HP Inc. did not respond to requests for information.)
But HP’s legacy extends far beyond that footprint, from spinoff companies that continue to employ thousands of workers to the real estate that HP left behind.
Much of the Fort Collins campus is now owned by Broadcom, which essentially is a spinoff of a spinoff, i.e. HP’s spinoff of Agilent Technologies Inc., which then sold its Semiconductor Products Group to an investment group, creating Avago Technologies Inc., which acquired Broadcom in 2015.
No HP employees remain at the Loveland site, where it all started, but another spinoff of a spinoff — Keysight Technologies Inc. (NYSE: KEYS), which grew out of Agilent in 2014 — maintains an operation there.
In Greeley, nothing remains of an HP operation that was once the center of the city’s nascent tech sector.
HP’s three Northern Colorado campuses have witnessed far different fates since the company began divesting local operations, and selling local properties, with tech remaining the driving force in Fort Collins, and tech and manufacturing enjoying a resurgence at what was the Loveland campus. Greeley, however, has seen demolition of the long-vacant HP building, with the bulk of the acreage transformed for residential, retail and other uses.
Hewlett-Packard Co.’s history in Northern Colorado began in Loveland, but it almost didn’t start that way. Loveland had to compete with Boulder for an HP expansion, but problems with potential Boulder sites — and a strong pitch from Loveland civic and business leaders — prompted Colorado native David Packard and other HP executives to select Loveland instead, according to an HP Computer Museum post on the history of the Loveland plant.
The plant — with a temporary building opening in 1960 and the first permanent building in 1962 — initially produced power supplies but eventually began producing desktop computers and calculators. HP’s Loveland operation also produced a variety of computer peripherals, including printers and instruments, such as voltmeters.
The campus — on the northeast corner of South Taft Avenue and 14th Street Southwest — remained a bastion for HP’s global operations for decades, but change began in the late 1990s.
HP spun off Agilent in 1998, and by 2005 only 500 people remained at the Loveland site, according to the HP Computer Museum.
The Thompson School District acquired one building on the former HP/Agilent campus in 2004, an 88,000-square-foot building at 800 S. Taft Ave. that was formerly home to Colorado Memory Systems Inc., which built the structure in 1984. Colorado Memory Systems was founded by former HP employee Bill Bierwaltes. The company manufactured computer tape backup systems and was acquired by HP in 1992.
The school district purchased the building for $4.7 million and now uses it for its headquarters.
Just to the east is Keysight Technologies, at 900 S. Taft Ave. Keysight spun off from Agilent in 2014, developing test and measurement equipment.
Keysight’s Loveland building encompasses more than 139,000 square feet.
Kari Fauber, vice president of Keysight’s global partner sales and ecommerce, told BizWest in an email that the Loveland facility is “primarily a research and development site, but also hosts teams from legal, sales, marketing, finance, logistics and services.
“Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world,” she said. “Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments.”
Keysight’s customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets, Fauber said.
Keysight also maintains operations in Colorado Springs and Boulder. It acquired Eggplant Software Inc., with U.S. headquarters in Boulder, in 2020 for $330 million.
Keysight employs 14,300 worldwide and employed about 300 people in Loveland at the time of the spinoff from Agilent. The company recorded revenue of $4.94 billion in 2021.
With Agilent’s retrenchment in Loveland, the company negotiated a deal in May 2011 to sell the bulk of the Loveland campus to the city for $5.8 million.
Plans to revitalize the campus were ambitious, with the Colorado Association of Manufacturing and Technology eventually selecting the site in June 2011 for an Aerospace and Clean Energy Manufacturing and Innovation Park, known as ACE. The project was touted as creating up to 10,000 jobs.
But the proposal faltered early on, with developer United Properties withdrawing from the project in August 2011, citing unattainable timelines.
Loveland then selected Bowling Green, Kentucky-based developer Cumberland and Western to develop the property, with the city selling the property to the company for $5 million.
Plans for the ACE park formally ended in March, when CAMT withdrew from the project.
Even before that, Cumberland and Western had rebranded the site as the Rocky Mountain Center for Innovation and Technology.
Cumberland and Western invested in upgrades to the property, including some tenant finishes, and successfully lured Lightning eMotors Inc. (NYSE: ZEV) as a tenant. In April 2016, Cumberland and Western announced that EWI, a Columbus, Ohio-based organization that promotes manufacturing technologies, would open an applied research center at RMCIT.
But it all wasn’t enough, and Cumberland and Western opted through commercial brokerage CBRE to put the property on the market for $22.8 million in October 2020.
Loveland site sells, rebrands
Cumberland and Western eventually found its buyer, although not for the full asking price. In late October 2020, a group of local business owners, led by Jay Dokter and Dan Kamrath, purchased the 811,000-square-foot property for $15.5 million under the entity RMCIT LLC.
Dokter, CEO of Loveland-based Vergent Products Inc., and his partners began working to increase occupancy from an anemic 16%.
The new owners quickly got to work, rebranding the property as the Forge Campus in March 2021.
“We just observed all of the potential that didn’t happen and thought, ‘We could do that,’” Dokter said. “What we saw was 40 to 50 companies in here, collocated, creating an innovative tech environment. And the price was right, too. So we knew that it wasn’t as risky. We also saw building prices were going up for a lot of commercial.”
Cumberland and Western’s initial approach to the property was to secure a single, large occupant, Dokter said.
“I think there was a fair amount of activity. They seemed to be going more for the grand slam, one occupant, and that market is extremely limited,” he said, adding that Cumberland did refocus to allow smaller companies in.
The vision of Dokter and his partners was clear from the beginning: Create an environment in which occupants would build an innovation ecosystem, interacting and feeding off of one another.
The owners moved one of their own companies into the Forge — Bongo, which provides video-assessment solutions for experiential learning. The investors also plan to relocate another of their companies, Vergent Products, a contract design and manufacturing company, into the facility within a couple of years.
Dokter said one of the key advantages of the Loveland property was the maintenance that Cumberland and Western provided for almost a decade.
Often, vacant properties are allowed to decay, with damage by weather, vandalism and neglect. Not so with the Loveland site. Cumberland and Western continued to employ a team of one part-time worker and three full-time workers to maintain the property and conduct real estate tours.
“The cool thing with Cumberland and Western is that they spent a lot of money maintaining the property,” Dokter said. “I never forget, the first time I came here to get a tour … there was a nice man waxing the floor over here in an empty building — one of those machines that go back and forth in an empty building. That impressed me that it was quite preserved.”
“Big buildings like this, you don’t just shut the lights off and walk away,” said Rob Blauvelt, property manager for the Forge and one of the full-time workers who maintained the property during the Cumberland and Western years.
Cumberland and Western maintained a contract for upkeep of the 22 acres of roof. Landscaping was maintained, although at a lower level than when the property was occupied. Cracks in parking lots were filled. HVAC systems were maintained.
“It was three and a half people watching an empty building for 11 years,” Dokter said.
The property’s 16% occupancy at the time of purchase included 12 tenants, but that number has doubled to 24. Another five tenants are housed on-site in The Warehouse accelerator, a nonprofit organization that occupies 48,000 square feet of donated space.
Allison Seabeck, executive director of The Warehouse, said the organization has three alumni members and three off-site members, along with the five onsite members.
A capital campaign has raised $1.1 million out of a $4.8 million capital raise, allowing the organization to add a staff member and proceed through Phase I of its construction plan, creating space for nine companies.
Phase II of the capital campaign entails raising another $1.25 millon, including $750,000 to create space for 15 more companies, including installation of a series of “garage pods” in the accelerator space, providing turnkey manufacturing space for startups that need access to manufacturing floor space, equipment, ample power, compressed air and other features.
Future expansions will include further buildout, including community space, a training room, additional equipment, a share marketing studio and other amenities.
Including The Warehouse, occupancy at the Forge stands at 54%, Dokter said, with other leases pending.
One recent addition is Veloce Energy Inc., a Los Angeles-based company that produces modular devices to make electrification easier.
Veloce moved its Colorado location from north Fort Collins into the Forge campus in May. The company employs 12 people locally.
Additionally, E.I. Medical Imaging, a trade name for OrcaWest Holdings Inc., will move into the Forge. E.I. Medical Imaging develops real-time ultrasound devices for use by veterinarians and livestock producers.
Lightning eMotors, which Cumberland and Western first brought to the site, has expanded rapidly, growing from 142,386 square feet when Dokter and his team acquired the property to 250,000 square feet and 260 employees. The company provides commercial electric vehicles for fleets and went public in 2021.
The Forge thus far has a mix of large clean-tech and other manufacturing companies.
“They’re more complimentary than you would think,” Dokter said of the tenant mix. “That is the whole idea. We want to do more and more mixing and explaining who does what.”
With Vergent Products, Dokter already has two clients within the Forge, with another three potential clients. That cross-pollination can be seen among other tenants as well, he said.
One additional amenity will foster even more interaction: The Forge soon will reopen the old HP cafeteria, bringing a variety of local restaurant and catering companies in to provide a mix of dining options.
Blauvelt stressed the quality of the construction that is attractive for potential manufacturers.
“What you have here are structurally sound buildings with solid floors, with a massive amount of power, a massive amount of heating and cooling water, a good amount of compressed air, infrastructure for process vacuum … and you have a campus that’s just inviting as a workplace,” Blauvelt said.
“This thing has awesome bones,” he added, “and it’s really easy to fit a business into here. It’s not very challenging to fit a complex operation into this space.”
And that 22 acres of roofs? Future plans call for installation of solar panels, further emphasizing the site’s focus on clean technologies.
Stability characterizes Fort Collins site
No city in Northern Colorado has maintained as much of HP’s legacy operations as has Fort Collins, a site that opened in 1978 and employed as many as 3,200 HP workers at its peak.
In fact, HP — both Hewlett Packard Enterprise and HP Inc. — remain prominent employers on the campus, located on the northeast corner of East Harmony and Ziegler roads — with HP Inc. leasing space within Hewlett Packard Enterprise’s two buildings on 71.5 acres.
Hewlett Packard Enterprise’s operations there employ 800 workers and are varied.
“The Fort Collins site houses a range of business units and functions — from servers to R&D to marketing. It’s a multi-use facility and not dedicated to any specific part of the company,” Adam Bauer, a spokesman for HPE, said in an email to BizWest.
The Fort Collins campus sits on the East Harmony Road corridor, the focal point of a cluster of high-tech companies that includes Broadcom, Intel Corp., Advanced Micro Devices and others. “Certainly, having other tech players with whom we partner and do business in close proximity helps create an ecosystem that is mutually beneficial,” he said. “That’s true in Fort Collins, Silicon Valley, Houston — everywhere we have a large presence.”
Bauer said that Fort Collins “is an important location for HPE, and again, is host to a range of business units and functions that span the company. It remains one of our biggest employment hubs in the U.S. and is an important part of our history. We do not anticipate any change to Fort Collins’ role in the company at this time. We actually are in the process of renovating the site to accommodate our hybrid, Edge-to-Office working model that arose out of the pandemic.”
HPE leases space to HP Inc., which did not respond to BizWest requests for comment. The city of Fort Collins estimates that HP Inc. employs 1,100 local workers, but that number could not be verified.
HPE in April 2019 sold a building on the Fort Collins campus — at 3420 E. Harmony Road — to an entity owned by McWhinney Real Estate Services Inc. of Loveland for $21 million. Bauer declined to speculate on any plans to sell additional properties.
“We continuously evaluate our real estate portfolio based on a variety of criteria including usage, opportunities for cost optimization, and other factors,” he said. “I can’t speculate on future real estate transactions.”
The McWhinney building is largely vacant, although fully leased. Madwire formerly occupied the third floor and a first-floor gym space, but the company has put the space on the sublease market, although it continues to pay rent.
Additionally, Comcast Corp. (Nasdaq: CMCSA) has vacated 80,000 square feet within the building. The company had opened a call center in 2016, with plans to house up to 600 employees.
But those plans changed in September 2019, when the company announced closure of the operation. Comcast’s lease expires in 2027, with the space put up for sublease.
A federal contractor based in Maryland, ASRC, or Arctic Slope Regional Corp., leased 31,000 square feet of the Comcast space in August 2020. The company operates as a contractor to federal intelligence, aerospace and health-care information-technology agencies.
Micro Focus, a spinoff of Hewlett Packard Enterprise, occupies about 16,000 square feet in the building.
Peter Kast, a broker with CBRE who is listing space in the building for sublease, said the campus and other corners of East Harmony and Ziegler roads benefit from infrastructure put in place to serve HP.
“If you look at it from an infrastructure point of view, it’s one of the few places in town that has redundant fiber and redundant fiber, so people like this that have needs for those kinds of things, there’s not that many choices, so in terms of an infrastructure location, it’s great,” he said.
He noted that HPE, HP, Broadcom, Intel, AMD and other high-tech companies in the area capitalize on a concentration of skilled workers.
“The thing that’s so attractive about Fort Collins for these guys is the intellectual capital, the people who do this kind of work, who are trained to handle, whether it’s software or hardware design,” he said. “We’ve got a ton of people who do chip design in this town.”
The biggest player in that space locally is Broadcom, which has continued to invest in its Fort Collins operation. Although the city of Fort Collins estimates that Broadcom employs 1,150 workers locally, the company told BizWest in 2019 that it employed 1,747, including 1,313 employees and 434 contingent workers.
Broadcom owns a large swathe of the former HP campus, with its predecessor, Avago, completing several major expansions.
The company, in its most-recent quarterly report filed with the U.S. Securities and Exchange Commission, cited ongoing supply-chain disruptions brought on by the COVID-19 pandemic and highlighted the importance of the Fort Collins operation.
“We have been, and expect to continue, experiencing some disruption to parts of our global semiconductor supply chain, including procuring necessary components and inputs, such as wafers and substrates, in a timely fashion, with suppliers increasing lead times or placing products on allocation and raising prices,” the company reported, noting shutdowns at key suppliers and service providers around the world.
“Any similar disruption at our Fort Collins, Colorado manufacturing facility would severely impact our ability to manufacture our film bulk acoustic resonator (“FBAR”) products and adversely affect our wireless business,” the company said.
Despite those challenges, Broadcom, HP and related companies remain key components of the Fort Collins economy.
SeonAh Kendall, senior economic manager for the city of Fort Collins, said Hewlett Packard, Broadcom and other companies in the East Harmony Road corridor are “going strong.”
“We are seeing that they’re kind of staying in the area and growing with spinoffs in there as well,” she said. “I do think that it is a critical piece for us in terms of the employment as well as the contributions that the companies as well as employees have in our community.
“There are opportunities for additional growth in those locations,” she added, “and opportunities for a lot of collaboration. I think one of the greatest strengths is that we’re able to retain the talent here. Sometimes, we have seen folks leave AMD and go to Intel, or leave Intel and go to HP and vice versa.”
She noted that companies in the area work closely with Colorado State University, Front Range Community College and the Poudre School District on issues such as talent and retention.
Greeley facility sees different fate
Greeley’s Hewlett-Packard facility was the last to be built, the first to close and the only one to be torn down — at least most of it.
The facility, opened in 1984, focused on scanners, tape drives and other devices, but HP closed the operation in 2003, shifting what was then 800 workers to other locations. About 640 workers were transferred to Fort Collins, with another 165 shifting to Flextronics International Ltd. Flextronics purchased DII Group Inc., which was buying HP’s tape-storage manufacturing business.
HP put the property on the market and seemed to attract widespread interest at first, including for a potential expansion of Aims Community College. But that and other deals fell through, prompting HP to sell the building to a group of local investors. HP sold the 355,000-square-foot property on 157 acres in August 2004 to Boomerang Properties LLC, headed by local investors Bruce Deifik and Jeff Bedingfield, a Greeley attorney. The purchase price was $8 million, far lower than HP’s $14 million asking price.
“Up to this point, HP has not been willing to divide the property or divide the facility,” Bedingfield told the Northern Colorado Business Report, a predecessor to BizWest, in August 2004. “Their desire is to sell everything and let the buyer determine how best to use it.”
Boomerang intended to subdivide the HP building to support perhaps four smaller tenants.
“There’s been a lot of talk that you can’t get big blocks leased, that the best thing is to bulldoze the facility,” Bedingfield said in 2004. “It’s too fine of a facility to begin talking about any kind of changes to that place, other than demising it into large blocks.”
But the new owners also envisioned that surrounding acreage would be transformed into residential neighborhoods, retail centers and office uses.
The project soon was taken over by City Center West LP, a Denver development company affiliated with Westside Investment Partners Inc., which acquired the building and adjacent acreage for $8.36 million in 2007. Some holdings were owned and developed under the umbrella of BV Retail Land Holdings LLP.
City Center West began selling acreage for retail, residential and other uses:
City Center West continues to own residential land on the former HP campus but sold the remaining vacant building and some acreage to LaSalle Investors LLC, a unit of Waltel Cos. Inc. LaSalle demolished the remaining HP building, preparing the site for future development.
But the company faces opposition to plans to rezone the property from Industrial – Low Intensity to Residential – High Density. About 10 neighboring residents voiced opposition to the rezoning request at a June 7 Greeley City Council meeting.
Residents voiced fears that LaSalle planned to build a large apartment complex on the property, which they said could exacerbate existing traffic problems.
Several City Council members also voiced opposition to the R-H zoning, preferring a less-intensive Residential – Medium Density zoning.
“It’s just too intense right now,” Councilman Dale Hall said. “I’m uncomfortable making this R-H. I’m OK with Residential Medium Intensity.”
In the end, LaSalle’s attorney asked that the council continue the discussion to the July 19 City Council meeting.
Greeley’s westward expansion
Why Greeley’s HP facility faced such a different outcome than campuses in Fort Collins and Loveland can be attributed to a variety of factors.
First, the technology sector in Greeley has never developed to the scale of Fort Collins’ or Loveland, which enjoy closer proximity to Colorado State University. Even before HP’s closure, Greeley had seen the departure of home-grown printed-circuit-board manufacturer EFTC Corp., founded in Greeley as Electronic Fab Technology Corp., which left for the north Denver suburbs.
But the greatest factor seems to be the pattern of Greeley’s residential and commercial growth, which has pushed inexorably westward for several decades.
Ben Snow, director of economic health and housing for the city of Greeley, said the area around “the core of the apple,” meaning the HP building, has transformed.
HP’s Greeley facility was once on the city’s outskirts, with little nearby retail and far less residential development.
“When you look at what’s happened over the last 10 years out there, it has sort of defaulted to what I would describe as typical suburban growth,” Snow said, pointing to the King Soopers and other retail development across 10th Street, as well as retail and residential projects on former HP land surrounding the building.
He noted that for years, he and his predecessors in the economic-development community sought to preserve the industrial zoning for the building as a way to balance the city’s housing stock with a solid employment center.
“It just never took,” he said. “We never could get a secondary use in there … At some point, you have to listen to the market signals.”
Although many potential users toured the facility, one obstacle, he said, was that the building had fallen into disrepair.
“Once people went in, because that building essentially had been neglected and abandoned for so long … it was kind of a magnet for that kind of vandalism. There was evidence that people were inside the building at different times.”
“Greeley has tried for 20 years to get some industrial users to reinhabit, to reanimate that building, to no avail,” he said.
Additional reading: “HP in Colorado,” Measure (HP’s inhouse publication), November-December, 1982.
This article is sponsored by HP.
For stakeholders to assess and compare the risks and opportunities of companies operating amid intensifying threats of climate change, there must be measures of accountability underpinned by transparent, standardized reporting.
The regulatory regime is quickly evolving around the world as investors, customers, employees and other stakeholders increasingly demand this higher degree of corporate transparency. For example, the EU’s proposed Corporate Sustainability Reporting Directive would supply "comparable status" to sustainability and financial reporting. In the U.S., the Securities and Exchange Commission’s (SEC) proposed climate disclosures would require disclosure about material financial risk posed by climate change, assured greenhouse gas (GHG) emissions and more.
These emerging regulations can be important levers in holding companies accountable for helping address the threats of climate change. They are especially relevant in understanding the totality of emissions that are upstream and downstream in a company’s value chain (known as Scope 3 emissions).
By their nature, Scope 3 emissions are significantly harder to measure and disclose reliably, often making their reporting less transparent and comparable. This matters because they are often, by far, the largest part of a company’s total footprint.
HP strongly supports greater transparency and standardization to provide investors with consistent, comparable and reliable climate-related disclosures. Standardization isn’t just important for transparency about a company’s risks — at HP, we also see a role for standards that facilitate the reporting of opportunities for innovation, transformation and market entry presented by the low-carbon transition. We believe this would supply interested stakeholders a fuller understanding of a company’s total climate exposure and resilience — as well as its potential for growth.
We also want to see new standards leverage existing robust and accepted frameworks, such as those provided by the Task Force on Climate-Related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB).
As sustainability leaders, we know that disclosure can, at times, be challenging, but it is vital if we are to achieve the shared accountability and scale of change needed in this truly critical decade. The process itself also enables us to properly understand our own impacts and identify where we need to invest and accelerate our actions.
In June, HP published its 2021 Sustainable Impact Report, marking our company’s 21st year of sustainability reporting. With each passing year, the need and expectation for urgent and measurable action by companies such as ours grows stronger. We recognize the need to respond with more transparency regarding HP’s operations, more precise metrics about the company’s impact and more targeted work to address any gaps.
For 10 years, EY has assured HP’s Sustainable Impact Report, in 2021 verifying 10 metrics spanning Scope 1, 2, and 3 emissions. HP continues to align its reporting with frameworks such as the Global Reporting Initiative Sustainability Reporting Standards, UN Global Compact, SASB, TCFD and World Economic Forum’s Stakeholder Capitalism Metrics. And this year, HP is implementing even more robust auditing for HP’s disclosures, leaning on our company’s approach to financial reporting.
To make sure HP responds to the right issues, we carry out a biennial materiality assessment. In 2021, we employed "double materiality," which looks both at how an issue affects a company and at how the company affects it. This allows us to better identify the ways HP can make a meaningful impact on the issues of most importance to our business.
Wherever your company is on this journey, one of the first and most important steps you can take is to ensure that you have purpose firmly embedded into the core of your business strategy. Next, it’s important that everyone — from the C-suite through every job function — understands your company’s vision, has a role in delivering on the strategy to achieve that vision, and considers it a business imperative. In this way, proper investments can be made that align with your business purpose while better preparing your company to meet heightening regulatory requirements.
HP’s vision is to become the world’s most sustainable and just technology company. It’s a bold, audacious aspiration backed by a comprehensive goals agenda that spans climate action, human rights and digital equity. Among these goals is a commitment to reduce HP’s entire value chain GHG emissions by 50 percent by 2030, compared to 2019, and to reach net zero by 2040. Through 2021, HP had achieved a 9 percent reduction — even as the company’s net revenue increased by 8 percent in the same period.
For leaders who are still skeptical that doing well and doing good can be synonymous, consider this: HP’s Sustainable Impact initiatives helped the company win more than $3.5 billion in new sales in fiscal year 2021—a threefold increase over the prior year. We know when we innovate with purpose, we create the conditions for both business and society to thrive.
On the road to net zero, we have set interim 2025 targets at HP, including goals to reduce the company’s Scope 1 and 2 GHG emissions by 60 percent, use 100 percent renewable electricity in HP operations, and reduce HP product-use GHG emissions intensity by 30 percent. Tracking and reporting progress against these goals — 59 percent, 54 percent and 39 percent, respectively — enables us to demonstrate impact from the company’s investment and more readily identify any potential gaps.
Beyond HP’s own operations and those of product use, which combined account for about one-third of the company’s carbon footprint, we extend our efforts to HP’s supply chain so that we can address the larger share of HP’s footprint. One way we do this is by engaging closely with HP’s suppliers to set their own science-based targets, using supplier Responsibility Scorecards to set expectations and drive improvement. We also request 98 percent of HP’s production suppliers, by spend, as well as strategic nonproduction suppliers, to disclose through CDP.
To drive broader change, we also engage in advocacy and join others in emissions-reduction efforts, policy engagement and goal setting. For example, to support local demand for renewable energy in countries where some of HP’s suppliers are based, we worked with the U.S. Department of State through the Clean Energy Demand Initiative to encourage the governments in these target countries to increase investment and innovation to make clean energy more available and affordable.
To ensure these efforts — and those of companies everywhere — are driving toward the impact we need in this critical decade, we believe that consistent and comparable reporting is necessary. By holding ourselves and others accountable for progress using common measures, we can meet the challenges with better clarity and understanding, drive innovative solutions rooted in insights aligned with the best climate science, and close the gaps that inhibit progress toward achieving a more sustainable and just future for all.
HP Inc. (HPQ) is priced at $31.40 after the most recent trading session. At the very opening of the session, the stock price was $31.56 and reached a high price of $31.83, prior to closing the session it reached the value of $32.11. The stock touched a low price of $31.28.Recently in News on July 7, 2022, Three Things Supporting HP’s Leadership in Sustainability. By Rob Enderle. You can read further details here
HP Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $41.47 on 04/07/22, with the lowest value was $30.01 for the same time period, recorded on 07/05/22.
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, HP Inc. shares are logging -24.28% during the 52-week period from high price, and 20.26% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $26.11 and $41.47.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5850538 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the HP Inc. (HPQ) recorded performance in the market was -16.64%, having the revenues showcasing -21.62% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 32.14B, as it employees total of 51000 workers.
During the last month, 3 analysts gave the HP Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 11 analysts were recommending to HOLD this stock, 2 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 36.32, with a change in the price was noted -5.11. In a similar fashion, HP Inc. posted a movement of -14.00% for the period of last 100 days, recording 14,093,097 in trading volumes.
Raw Stochastic average of HP Inc. in the period of last 50 days is set at 12.89%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 22.35%. In the last 20 days, the company’s Stochastic %K was 22.64% and its Stochastic %D was recorded 19.13%.
If we look into the earlier routines of HP Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -16.64%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -18.82%, alongside a boost of 4.53% for the period of the last 12 months. The shares increased approximately by -1.47% in the 7-day charts and went up by -17.26% in the period of the last 30 days. Common stock shares were lifted by -21.62% during last recorded quarter.
A visit to HP’s Design Studio, where the team takes creative leaps and deliberate steps in the quest for good-looking and eco-positive products.
Northampton, MA --News Direct-- HP Inc.
In a conference room at HP’s Silicon Valley campus, a cornucopia of materials is placed all around. On the table and walls are swatches in fashion-forward colors (teal green, scarlet, rose gold) and novel textures (mycelium foam, crushed seashells, recycled rubber from running tracks, fabric from recycled jeans). Even more unexpected: pairs of high-end athletic shoes, and lots of them; luggage and backpacks, teapots and totes; stacks of gorgeous coffee-table books on subjects ranging from furniture to architecture — all to inspire the look and feel of devices that HP has yet to imagine.
Being able to touch, test, and debate about these items in person is part of the process, a creative collaboration Global Head of Design & Sustainability Stacy Wolff and his talented team of designers are grateful to be able to do side by side again inside their light-filled studio in Palo Alto. With each iteration of an HP laptop, desktop, or gaming rig, they endeavor to push the bounds of sustainable design while offering consumers a device that they’re proud to use each day.
For the last few years, HP’s design work has gained recognition, evidenced by the studio’s gleaming rows of awards. But there’s not a single name listed on any of them. “Everything we do is by collective effort. We win as a group, and we lose as a group,” says Wolff. “If you won an award, someone else had to do maybe a less glamorous job to supply you the freedom to do that.”
The team of 73 creatives in California, Houston, and Taipei are from backgrounds as varied as design, engineering, graphics, anthropology, poetry, ergonomics, and sports journalism. There’s one thing they have in common, though. Disagreements are dealt with by amping up their communication and doubling down on what they know to be their source of truth. “If we let the customer be the North Star, it tends to resolve almost all conflict,” Wolff says.
HP’s head of design has led a massive shift in how HP approaches design since its split from HPE in 2015, steering the company toward a more unified, yet distinct, visual identity, and a willingness to experiment with both luxury and mass-market trends. Wolff’s team is responsible for delivering the award-winning HP Spectre and ENVY lines, including the HP Spectre 13 (at the time of launch, hailed as the world’s thinnest laptop); the HP Spectre Folio (the first laptop with a leather chassis); the HP ENVY Wood series (made with sustainably-sourced, genuine wood inlays); and the HP Elite Dragonfly (the world’s first notebook to use ocean-bound plastic). Among the honors: In 2021, HP received seven Green Good Design Awards from the European Centre for Architecture Art Design and Urban Studies and the Chicago Athenaeum: Museum of Architecture and Design.
Today, Wolff and his team are in their recently outfitted studio, which opened late last year in HP’s Palo Alto headquarters. In the common areas, there is an inviting atmosphere of warm wood and soft, textured surfaces. Designers are tapping away at their keyboards, breaking off to share quick sketches and notes in an informal huddle around a digital whiteboard. In the gallery — an airy space that looks a lot like an upscale retail store — foam models, proof-of concept designs, and an array of laptop parts, keycaps, speakers, and circuit boards are splayed out on stark white countertops. Light from the courtyard pours in from the floor-to-ceiling windows.
“The studio has become a home,” says Wolff, who’s been with the company for 27 years. “When you think about a house, where does everybody go? Where is the love, and creation, and the stories being told? All that is shared in the kitchen.”
Granted this kitchen also has a really, really nice espresso maker.
The new space, like the kitchen, bubbles with energy and fuels the collaborative process, which was somewhat stifled when everyone was working remotely. “Creativity is a magical thing,” Wolff says. “That’s why it’s so important to design in a common space. We took for granted the process of organic product development. When you work from home, it becomes almost serial development. There’s no serendipity.”
After months of improvising the tools they needed to work together, the team finds that being back in the office is where they can be most creative and efficient. “Designers are very hands-on,” says Kevin Massaro, vice president of consumer design. “Everything in the studio is tactile.”
Yet, the time spent working remotely produced valuable insights that are informing future products, such as a PC camera disaggregated from the monitor so it can be manipulated to capture something on a person’s desk (like a sketch); super-wide-screen displays with integrated light bars that offer a soft backlight for people working late at night; and monitors that adjust to taller heights, to better accommodate a standing desk.
In recent years, the team has also turned its sights toward defining — and redefining — what sustainable design means for HP. In 2021 HP announced some of the most aggressive and comprehensive climate goals in the technology industry, bringing new complexity — and new gravitas — to what Wolff and his team are aiming to accomplish.
“You’re no longer just a company that’s manufacturing technology, you’re a company that’s helping to better people’s lives,” Wolff says. Working toward HP’s goal to become the most sustainable and just technology company is less about integrating greater percentages of recycled materials into new products, and more about an accounting of the entire life cycle of a device, from the electricity used over its lifetime and the minerals mined for its batteries, to the chemicals used in its painted powder coating and what exactly happens to a product when returned for recycling.
When a customer opens a box made of 100% recycled molded fiber packaging to reveal the premium Elite Dragonfly PC, which made waves for being the first notebook with ocean-bound plastic, that’s where this team’s efforts become tangible.
The Dragonfly isn’t only a triumph of design, it proved that circularity can be an integral part of mass-manufacturing for personal electronics. The third generation of that same device, released in March (see “How the HP Elite Dragonfly Took Flight,” page 36), raised the bar for battery life and weight with a new process that fuses aluminum and magnesium in the chassis, the latter of which is both lightweight and 100% recyclable.
This was a feat of engineering alchemy, says Chad Paris, Global Senior Design Manager. “Not only do you have different properties of how these metals work together, it was a challenge to make sure that it’s seamless,” he says. The team innovated and came up with a thermofusion process that lends a premium feel to the Dragonfly while keeping its weight at just a kilogram.
This inventiveness dovetails with Wolff’s pragmatic approach to sustainability. Not only does each change have to scale for a manufacturer the size of HP, it has to strike the right balance between brand integrity and forward-leaning design. “We can take waste and make great things,” Wolff says, gesturing at a pile of uniform plastic pellets that used to be a discarded bottle. “But ultimately, we want our products to live longer, so we’re designing them to have second lives.”
A sustainable HP notebook, no matter what materials it’s made from, needs to look and feel like HP made it, says Sandie Cheng, Global CMF Director. The CMF (colors, materials, finishes) library holds thousands of fabric swatches, colored tiles, and paint chips and samples, which Cheng uses as inspiration for the look and feel of fine details such as the touch pad on a laptop, the smooth glide of a hinge, or the sparkle of the HP logo peeking through a laser-etched cutout.
Cheng and her team head out on scouting trips to gather objects from a variety of places and bring them back to the studio, composing their own ever-changing mood board. In the CMF library, there are Zen-like ceramic-and-bamboo vessels picked up from an upscale housewares boutique in San Francisco alongside scores of upholstery samples in chic color palettes, hunks of charred wood, and Nike’s Space Hippie trainers.
Most of these materials will never make it to production, but they offer up a rich playground for the team’s collective imagination. Foam made from mycelium (i.e., fungi threads) is an organic material that can be grown in just two weeks. Perhaps one day it could be used as material to cover the Dragonfly chassis, even if right now it couldn’t survive the daily wear and tear we put on our PCs. Or its spongy, earthy texture might inspire a new textile that lends a softer feel to an otherwise hard-edged device on your desk.
“We as designers have to think outside the box to stay creative and inspired, but we also have to develop materials that can be used for production,” Cheng says. “It’s a balance of staying creative and also being realistic.”
The same holds true for how the materials are made. Manufacturing with fabric is notorious for producing massive amounts of waste because of the way patterns are cut, but HP wants to change that with its own soft goods, such as the HP Renew Sleeve. It’s made with 96% recycled plastic bottle material, and importantly, the 3D knitting process used to make the laptop sleeve leaves virtually zero waste, generating only a few stray threads.
Earlier this month, Cheng and her team went to Milan, Italy, for fresh inspiration. They attended Salone del Mobile 2022, one of the industry’s largest textile, furniture, and home design trade shows, to get a sense of the big design trends of the next few years, including what Cheng calls “the centered home,” which evokes feelings of comfort, coziness, and calm.
She explains that the blurring of work and life means that what consumers want in their next device, whether it’s one issued by their company or selected from a store shelf, is something that looks and feels like it fits into their personal spaces. “Your PC should be really versatile and adapt to whichever environment you’re in and how you want to use it,” she says.
Consumers also want to feel good about their purchase, which increasingly means choosing brands that care for the finite resources on our shared planet. A 2021 report by research firm IDC found that 43% of 1,000 decision-makers said sustainability was a critical factor in their tech-buying choices.
As the Personal Systems designers charge ahead into a sustainable future — whatever it brings — they’ll surely do it in their iterative, measured, and collaborative way.
“When it comes to sustainability, it’s all about forward progress, and everyone’s job is a sustainability job,” Wolff says. “As founder Dave Packard said, ‘The betterment of our society is not a job to be left to the few. It’s a responsibility to be shared by all.’”
View additional multimedia and more ESG storytelling from HP Inc. on 3blmedia.com
View source version on newsdirect.com: https://newsdirect.com/news/how-hp-designers-think-about-sustainable-pcs-440842278
HP Victus 15
“The HP Victus 15 provides modest performance, but ceratin configurations make it worthwhile.”
Gaming laptops tend to be expensive, and the chip shortage has only made that situation worse in recent years. HP’s new Victus 15 slides in with options well under $1,000 that attempt to provide a fix to that problem.
While the larger Victus 16 gets you up to an RTX 3060, the Victus 15 tops out at an RTX 3050 Ti — and starts at a budget-tier GTX 1650, which is what my review unit included. Despite having the latest 12th-gen CPUs, we don’t normally recommend gaming laptops with graphics that are quite that bottom of the barrel. While our unit lacked in performance, there are some configurations in the lineup that could make the Victus 15 a solid purchase — especially considering the alternatives.
Like the Victus 16, the Victus 15 has a design that carries over a few elements from HP’s Omen lineup but maintains a more conservative aesthetic. The Victus logo shares the Omen logo’s basic geometry, cutting off and retaining the bottom portion. The logo shows up on the lid and in the venting above the keyboard. Otherwise, the Victus 15 has simple lines and few gamer-oriented elements. The rear vent has a bit of a fighter jet look, but from the front and sides, you wouldn’t be blamed for mistaking the Victus 15 for a mainstream budget laptop. That perception extends to the thin side bezels and reasonably small top bezel that contrast with the massive chin at the bottom of the display.
There are three available colors, Mica Silver (dark gray), Performance Blue, and Ceramic White. The Victus 15 doesn’t look exactly like a smaller version of the Victus 16 — the rear edges are more rounded, giving a sleeker look. It’s not unusual for gaming laptops to strike a more mainstream look. Other examples include the Razer Blade 15 and the Asus ROG Zephyrus G14. If you want a laptop that looks like a gaming machine, you’ll want to consider something like the Asus ROG Strix G15 that’s a gamer through and through.
HP didn’t set out to make a thin and light gaming laptop, but it didn’t make the thickest or heaviest either.
The Victus 15 is made of all plastic, just like the Victus 16. Also like that laptop, it has a lid that’s quite bendable. The keyboard deck also comes with a bit of flex, although the smaller model is a bit more solid. The hinge works well, allowing the lid to be opened with one hand and avoiding any serious wobble during intense gaming action. Overall, the Victus 15 is slightly improved over the Victus 16, but it falls well short of more expensive machines like the Lenovo Legion 5i Pro and the Razer Blade 15.
Even given the large chin on the bottom of the display, the Victus 15 is sized like the typical 15-inch gaming laptop. It’s fractions of an inch narrower and shallower than the Lenovo Legion 5, for example, and just as thick at 0.93 inches. The HP is slightly lighter at 5.06 pounds compared to 5.3 pounds. The Acer Nitro 5, a similarly priced gaming machine, is about the same size, but thicker at 0.94 inches and lighter at 4.85 pounds. HP didn’t aim to make a thin and light laptop, but it didn’t make the thickest or heaviest either.
Connectivity is robust, with one exception. There’s a USB-C 3.2 Gen 1 port, two USB-A 3.2 Gen 1 ports, a full-size HDMI 2.1 port, an Ethernet connection, a 3.5mm audio jack, and a full-size SD card reader. The one glaring omission is Thunderbolt 4, which we’ve seen on laptops at this price point. Wireless connectivity is either Wi-Fi 6 and Bluetooth 5.2 or Wi-Fi 6E and Bluetooth 5.2, depending on the configuration.
Affordable gaming laptops are tough to come by these days, especially ones that are actually worth buying. As with all cheap laptops, though, digging into the configurations is key — and unfortunately, HP has created a confusing lineup with the Victus 15, offering preconfigured models via retailers that utilize different Intel CPUs than you can buy via HP’s configure-to-order (CTO) system.
The preconfigured models range from a $600 (on sale from $880) configuration with an AMD Ryzen 5 5600H CPU, 8GB of RAM, a 512GB SSD, and an Nvidia GTX 1650. My review unit was similar, though it cost $800 and includes a Core i5-12450H and a 144Hz Full HD display. At the high end is the $1,000 (on sale from $1,100) model with a Core i7-12650H, 16GB of RAM, a 512GB SSD, and the Nvidia RTX 3050 Ti. Other options include the AMD Ryzen 7 5800H and the RTX 3050. These higher-end options will supply you far better performance.
You can configure the Victus 15 at HP.com, which lets you spec out your laptop in finer detail, ranging from $870 on the low end to $1,230 on the high end. There are two primary competitors that price out closely to the Victus 15: The Lenovo IdeaPad Gaming 3 and the Acer Nitro 5. The Nitro 5 is $50 more expensive when configured similarly, while the IdeaPad Gaming 3 comes with the latest Ryzen processor for $900.
The most important distinction is that the Core i5-12450H is a 45-watt, 10-core (four Performance and six Efficient), and 12-thread CPU, compared to the 45-watt, 12-core (four Performance and eight Efficient), 16-thread i5-12500H. The Core i7-12650H is a 45-watt, 10-core (six Performance and four Efficient), 16-thread CPU, compared to the Core i7-12700H, a 45-watt, 14-core (six Performance and eight Efficient), 20-thread CPU. We’ve only benchmarked the Core i7-12700H, but looking at the Geekbench 5 database, the Core i5-12450H and Core i7-12650H are (as expected) slower than their higher-core and higher-thread counterparts.
We haven’t tested a 28-watt P-series Core i5, but again, looking at the Geekbench 5 database, it seems to be faster than the Core i5-12450H in my review unit. It’s worth noting that the Victus 15 couldn’t quite keep up with laptops running the 28-watt Core i7-1260P with its 12 cores (four Performance and eight Efficient) and 16 threads, of which we’ve reviewed quite a few. The AMD Ryzen 7 5800H is also faster than the Core i5 in my review unit.
Accordingly, the Victus 15’s productivity and creativity performances were mixed. It had the second-slowest Geekbench 5 results in our comparison group, well behind the Core i7-1260P in the MSI Prestige 14 and the core i7-11800H in the HP Victus 16. The same held with our Handbrake test that encodes a 420MB video as H.265, although the differences weren’t as significant. At the same time, the Victus 15 was more competitive in the Cinebench R23 benchmark, producing the third-fastest single-core score and beating the MSI Prestige 14. The Victus 15 was again behind most of the pack in the PCMark 10 Complete test that runs through a range of productivity, multimedia, and creative tasks.
The Victus 15 can handle demanding productivity workflows and some low-end creative tasks.
Finally, in the Pugetbench Premiere Pro benchmark that runs in a live version of Adobe’s Premiere Pro, the Victus 15 again fell behind the MSI Prestige 14. That laptop was configured with the RTX 3050, a faster GPU than the GTX 1650 in the Victus 15, and the Pugetbench benchmark is heavily influenced by GPU performance. However, it wasn’t GPU performance that held the HP back. In fact, the Victus 15 tied the Prestige 14 in the GPU section of the benchmark, and it was in the CPU-dependent video playback section that the HP was much slower.
Overall, mainstream performance was still solid for an $800 laptop. The Victus 15 can handle demanding productivity workflows and some low-end creative tasks. But you’ll see faster results by ordering via the CTO system. Interestingly, the Omen Gaming Hub app has a performance tuning section, but the GTX 1650 version of the Victus 15 doesn’t have a performance setting, which is disappointing.
|Cinebench R23 (single/multi)||Pugetbench for Premiere Pro||PCMark 10 Complete|
|HP Victus 15
|1,450 / 6,699||118||1,670 / 9,521||441||6,059|
|HP Victus 16
|1,594 / 9,141||93||1,510 / 10,145||N/A||6,808|
|MSI Prestige 14
|1,505 / 10,041||114||1,553 / 8,734||553||6,201|
|Samsung Galaxy Book Odyssey
|1,478 / 5,366||152||1,501 / 8,571||N/A||5,989|
|Lenovo Legion 5i Pro
|1,625 / 11,543||72||1,725 / 14,135||793||7,430|
|Lenovo Legion 5 Pro
(Ryzen 7 5800H)
Gaming performance was mostly in line with expectations given the GTX 1650 GPU. These are the lowest-end graphics cards you can find in a gaming laptop, so your expectations should be low when firing this up. First, the Victus 15 had the lowest 3DMark Time Spy test in our comparison group, as expected. It was considerably lower than the MSI Prestige 14’s RTX 3050, also as expected.
The Victus 15 performed OK in most of our benchmarks at 1080p and higher graphics settings. It managed playable frame rates in Civilization VI and Fortnite, but just barely in the latter case. You’ll need to drop down to a lower setting to play Assassin’s Creed Valhalla. The results aren’t listed in the table below, but the Victus 15 managed to hit 45 frames per second (fps) in Cyberpunk 2077 at 1080p and Ultra graphics with DLSS turned off.
Overall, the laptop averaged greater than 30 fps in most of our benchmark titles. Of course, that’s the bare minimum fps for gaming, so you’ll want to configure the RTX 3050 Ti to get more comfortable frame rates at higher graphics.
|Assassin’s Creed Valhalla (1080p Ultra High)||Civilization VI (1080p Ultra)||Fortnite (1080p Epic)||3DMark Time Spy|
|HP Victus 15
|HP Victus 16
|MSI Prestige 14
|Samsung Galaxy Book Odyssey
(RTX 3050 Ti)
|Lenovo Legion 5i Pro
(RTX 3070 Ti)
|80 fps||177 fps||103 fps||1,0623|
|Lenovo Legion 5 Pro
|61 fps||114 fps||101 fps||9,175|
There are three display options for the Victus 15, all non-touch 16:9 Full HD (1,920 x 1,080) IPS. They include a 250-nit 60Hz panel, a 250-nit 144Hz panel, and a 300-nit low blue light panel. My review unit was equipped with the 144Hz display, and it seemed OK to me when I powered on the laptop and used it during my testing. The colors were muted, but the contrast seemed deep enough, and the display didn’t get terribly bright.
That’s pretty much what my colorimeter confirmed. Brightness was indeed low at 236 nits, below our 300-nit threshold, while the contrast was good at 1,150:1, above our preferred 1,000:1. Colors weren’t very wide at just 65% of sRGB and 49% of AdobeRGB, and accuracy wasn’t great at a Delta-E of 3.04 (2.0 or less is considered the minimum for creative work). The Victus 16’s display was brighter and had wider and more accurate colors, and only the Samsung Galaxy Book Odyssey‘s display was worse.
These results aren’t terrible for a laptop that’s $800 or less, but they become less palatable as you approach $1,000. The display is fine for productivity work and gaming, primarily thanks to the high contrast, but creators will find it lacking.
|Contrast||sRGB gamut||AdobeRGB gamut||Accuracy DeltaE
(lower is better)
|HP Victus 15
|HP Victus 16
|MSI Prestige 14
|Samsung Galaxy Book Odyssey
|Lenovo Legion 5i Pro
Two downward-firing speakers provide the audio, putting out plenty of volume with just a hint of distortion at the top end. Mids and clears were high, but there was zero bass, meaning you’ll want to wear some headphones for intense gaming and binging sessions.
There’s no per-key RGB lighting with the Victus 15, as HP is apparently reserving that for its Omen gaming lineup. Instead, there’s just a single, rather bright backlight setting. There’s plenty of spacing, and the keys with their gamer-oriented font are large enough. I found the switches to be ligh, with a nice click at the bottom, which should work nicely for gamers even if it’s not a mechanical keyboard. Overall, the keyboard felt much like the one on the Victus 16, which shouldn’t be a surprise.
The touchpad was large and had a surface that offered a touch of resistance. It was responsive and reliable for Windows 11’s complement of multi-touch gestures, and the clicks were solid and confident without being too loud.
The webcam is a 720p version, and it performed about as well as the typical laptop webcam. That is, it was OK with good lighting but lost details in low light.
The Victus 15 doesn’t support Windows 11 Hello passwordless login. There are no fingerprint reader or infrared camera options, which is disappointing.
My review unit packed in just 52.5 watt-hours of battery, which isn’t a lot for a 15-inch laptop with a discrete GPU. If you order a higher-end model via HP’s CTO system, you can get a 70 watt-hour battery. I wasn’t expecting much in the way of battery life.
Unsurprisingly, the Victus 15 didn’t do well. It managed just 4.25 hours in our web-browsing test that cycles through a series of popular and demanding websites, and it only managed five hours in our video test that loops a local Full HD Avengers trailer. In the PCMark 10 Applications test that’s the best measure of productivity battery life, it couldn’t quite make it to five hours. The average laptop in our database at least doubles those results.
The Victus 15 performed similarly to most of the gaming laptops in our comparison group. Only the Samsung Galaxy Book Odyssey and the Razer Blade 14 with its AMD Ryzen 9 5900HX had meaningfully longer battery life.
|Web browsing||Video||PCMark 10 Applications|
|HP Victus 15
|4 hours, 18 minutes||5 hours, 7 minutes||4 hours, 50 minutes|
|HP Victus 16
|4 hours, 25 minutes||6 hours, 25 minutes||5 hours, 7 minutes|
|MSI Prestige 14
|5 hours, 11 minutes||6 hours, 2 minutes||7 hours, 2 minutes|
|Samsung Galaxy Book Odyssey
|10 hours, 30 minutes||14 hours, 19 minutes||11 hours, 47 minutes|
|Lenovo Legion 5i Pro
|4 hours 32 minutes||7 hours 9 minutes||N/A|
|Lenovo Legion 5 Pro
(Ryzen 7 5800H)
|7 hours 10 minutes||N/A||N/A|
|Razer Blade 14
(Ryzen 9 5900HX)
|8 hours 17 minutes||11 hours 7 minutes||N/A|
Rating the HP Victus 15 is challenging given its wide range of configurations. The $600 configuration (on sale from $870) with an AMD Ryzen 5 5600H and a GTX 1650 provides a lot of value and will likely provide similar performance to my review unit. Speaking of that, the configuration I reviewed justifies its $800 price, but barely.
In the end, the Victus 15 performed well enough and is built solidly enough to make it a solid new entry in the budget gaming arena. You’ll just want to compare the available options before making your choice.
The best alternative to the Victus 15 is the Victus 16. It’s a little larger, but it can also be configured with a much faster GPU, and its display is slightly better. For just $100 more, you can get a configuration with an AMD Ryzen 5 6600H and RTX 3050 that’s probably faster than my review unit.
There aren’t many other gaming laptops under $1,000 that have made the switch to Intel 12th-gen CPUs. One that has is the Acer Nitro 5, which has a more aggressive gaming design and similar configuration for a couple of hundred dollars more.
The Lenovo IdeaPad Gaming 3 is another alternative, offering a similarly conservative design and similar components for just a bit more money than the Victus 15. You’ll want to look for the newest AMD Ryzen 6000 models.
Despite a little bending in the lid and flexing in the keyboard deck, the Victus 15 is a well-built budget gaming machine. It should still last for years of hard gaming. The industry-standard one-year warranty remains as disappointing as ever.
Yes. The Victus 15 is a good value as long as you make your selection carefully from among HP’s confusing purchasing options.
WASHINGTON (AP) — On restoring access to abortion, President Joe Biden says his hands are tied without more Democratic senators. Declaring a public health emergency on the matter has downsides, his aides say. And as for gun violence, Biden has been clear about the limits of what he can do on his own.
“There’s a Constitution,” Biden said from the South Lawn in late May. “I can’t dictate this stuff.”
HP (HPQ) closed the most recent trading day at $31.33, moving -0.22% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.92%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, added 0.05%.
Coming into today, shares of the personal computer and printer maker had lost 6.99% in the past month. In that same time, the Computer and Technology sector lost 0.73%, while the S&P 500 lost 1%.
Wall Street will be looking for positivity from HP as it approaches its next earnings report date. The company is expected to report EPS of $1.05, up 5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.84 billion, up 3.59% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.31 per share and revenue of $66.07 billion. These totals would mark changes of +13.72% and +4.06%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for HP. recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HP currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, HP is holding a Forward P/E ratio of 7.29. This represents a no noticeable deviation compared to its industry's average Forward P/E of 7.29.
It is also worth noting that HPQ currently has a PEG ratio of 1.82. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Mini computers was holding an average PEG ratio of 1.85 at yesterday's closing price.
The Computer - Mini computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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