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Finding a Home Among the Tigers ; For Hewlett-Packard, Asia Is Now a Crucial Region for Making and Marketing Its Goods

When Hewlett-Packard Co. started operating here in 1970, it paid 62 Singaporeans about $1,400 a year each to sit at long benches stringing tiny magnetic rings on strands of wire for use in computers.

The venture reflected how most U.S. companies viewed Asia then - a region with a large supply of cheap, diligent labor but little potential for anything else.

Today, Hewlett-Packard's presence in this area is far bigger, employs legions of professionals, is growing fast and is largely driven by Asia's emergence as one of the world's major markets.

The success here of the Palo Alto, Calif.-based maker of computers, printers and other electronic equipment is a testament to the rising ...

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