HP to buy EDS - CIOL News Reports

HP to buy EDS

The acquisition would give HP more tools to compete against IBM in the field of technology consulting and customer support

DQC News Bureau

Wednesday, May 14, 2008

Email This

Print This

Comments

RSS

MUMBAI, INDIA: After gobbling Compaq up for $25 billion in 2001, HP is now looking at Electronic Data Systems (EDS) Corp for a possible buyout.

According to media reports the deal size could be in the range of $12 to $13 billion.

HP and EDS confirmed that they are engaged in advanced discussions on a possible business combination involving the two companies.

"There can be no assurances that an agreement will be reached or that a transaction will be consummated. HP does not intend to comment further until an agreement is reached or discussions are terminated," HP said in a statement.

Buying Plano, Texas-based $22.1 billion EDS would give HP more tools to compete against IBM in the lucrative field of technology consulting and customer support.
©CyberMedia News

Email This

Print This

Comments

RSS

Interact, Collaborate & Share

With Lotus Quickr your everyday business content can be easily shared, enabling operational efficiency. Download the Lotus Quickr demo to learn how.

know more..

	SAP Technology optimises Business
	Try visual studio 2008. It’s Free
	Complexicity or Simplicity - Choose

	Motorola : Good Mobile Messaging
	Smart Enterprises = Smart CIOs
	TAM : Freedom from password management

	Mahindra Connect benefits from SharePoint Server 2007
	Solving the "lost data" problem
	Wipro meets its future demands through E-Cube

	HP Business Availability Center
	Transforming Business
	Aligning IT and Business