Hewlett-Packard clears U.S. hurdle to EDS purchase
Hewlett-Packard cleared an antitrust hurdle in its $13.2 billion purchase of Electronic Data Systems. A waiting period under U.S. law passed without any request for additional information from regulators, Hewlett-Packard said Monday. This indicates there’s no opposition to the deal. The purchase would more than double the computer maker’s revenue from services, challenging IBM. The [...]
25 most powerful people in business – Mark Hurd (16)
Chairman and CEO, Hewlett-Packard When the steely Midwesterner signed on to run Hewlett-Packard in 2005, the company was in the dumps. The board had fired his predecessor, the high-profile Carly Fiorina; morale was low; and the numbers were not looking good. All that has changed. HP is back at the top of its game. In [...]
Hewlett-Packard to reorganize printer business
Hewlett-Packard Co will reorganize its printer operations, trimming its five business units to three in a bid to become more efficient, reported on Thursday. The announcement was made in a Webcast to employees on Wednesday by print division chief Vyomesh Joshi, the newspaper reported in its online edition. The changes will consolidate HP’s laser-jet and [...]
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 [...]
