May 13 2008
HP taking aim on IBM with risky $13.2B acquisition of EDS
Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp. The all-cash deal announced Tuesday represents HP’s biggest gamble under the leadership of Mark Hurd, who was hired as chief executive [...]
May 13 2008
HP wants to buy EDS for about $12 billion
In a move aimed at reshaping the $750 billion global tech-services industry, Hewlett-Packard (HPQ) on May 12 revealed that it is attempting to buy Electronic Data Systems (EDS). If the deal is consummated, EDS, the No. 2 player in tech services, and HP, No. 5, will be combined to create a $40 billion-a-year powerhouse that’s [...]
