What a fantastic company HP used to be, back in the day. They led the way in scientific equipment and calculators, and even desktop computers for a brief moment. They even made PostScript laser printers that were built like tanks and were a by-word for reliability. Now they are just famous for being the printer brand everyone hates, and this is just scraping the bottom out of an already empty barrel.
The company you are thinking of still exists. It was split from HP in 1999. It is called Agilent Technologies. HP kept the name and went into the business of flogging commodity computer products, Agilent continues to design and sell low volume high end gear and kept the engineering culture that requires.
HP later split again into consumer and corporate. To put the result into perspective HP Inc's (consumer) revenue is $55B/yr, HP Enterprise is $37B/yr, and Agilent is $7B/yr.
Given the crap being thrown here you would think the splits were a disaster. I don't know if the engineering culture of Agilent would have survived if it hadn't happened.