They sort of still do!
It's just HP and HPE split up. HPE took all the nice enterprise stuff, plus the supercomputing business (they own Cray). HP took the consumer stuff, and proceeded to milk as much as they could.
No, wrong decade and wrong split - the test & measurement equipment and scientific equipment was long gone from HP at the time of the HP -> HP inc + HPE split. It ended up in Agilent (1999) and from there Keysight.
HP semiconductors went HP -> Agilent -> Avago, now broadcom.
Interesting, had no idea they used to make proper lab equipment
The spinoff for lab and scientific equipment (Agilent, 1999) happened long before the HP/HPE split (2015).
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