May 2008 13

HP to buy EDS?

http://news.bbc.co.uk/1/hi/business/7397370.stm

Hewlett-Packard (HP) has confirmed that it is in talks to buy the information technology provider Electronic Data Systems (EDS).

It followed a report in the Wall Street Journal, which said that HP was close to a deal to buy EDS for between $12bn (£6.1bn) and $13bn.

EDS is a Texas-based information technology services company, of which HP is among the biggest customers.

EDS shares closed up 27.9% while HP shares ended the day down 4.7%.

Very cool, I wonder if this is related to the increase  in outsourcing of the IT infrastructure? Regardless the purchase of EDS could bring new opportunities and added revenue generation/shareholder value for HP. We’ll have to see what this news or changes brings.

Related posts:

  1. Dell and Perot Systems update http://content.dell.com/uk/en/corp/d/secure/2009-11-03-Perot.aspx ROUND ROCK, Texas, Nov. 3, 2009 — Dell today...
  2. Updates regarding Sun/IBM deal Bloomberg April 6 (Bloomberg) — International Business Machines Corp.’s talks...
  3. IBM signs agreement to deliver IT services Trading Markets May 21, 2009 (NORDIC BUSINESS REPORT via COMTEX)...
  4. VMware invests in Terremark Worldwide Inc VMware has purchased a 5% stake in this IT-infrastructure services...
  5. Mazda Europe signs outsourcing contract with EDS HP EDS, an HP company, today announced a five-year technology...

Related posts brought to you by Yet Another Related Posts Plugin.

Bookmark and Share

Leave a Reply