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HP in talks to purchase EDS

HP plans to buy EDS, a move that would increase its services business

David Neal, IT Week 13 May 2008
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HP has confirmed reports that it is close to buying Electronic Data Systems, a deal that would dramatically increase its services business.

A note on the firm's web site yesterday reads, "HP today confirmed that it is engaged in advanced discussions with Electronic Data Systems Corporation regarding a possible business combination involving the two companies."

EDS concurs on its own site, posting this message, "In response to market rumors, Electronic Data Systems Corporation announced that it is in advanced discussions regarding a possible business combination transaction with Hewlett-Packard Company. The company does not intend to comment further unless and until a definitive agreement has been entered into."

Should the deal go through it will be the biggest buy for HP since it acquired Compaq in 2002.

See also:

StorageWorks 9100 Extreme Data Storage System targets data-intensive industries  06 May 2008
HP logoHewlett Packhard has upated its service orientated architecture management kit  30 Apr 2008
But Shell still plans to outsource 3000 IT jobs  07 Jan 2008
Direct sourcing could be a better option, say experts  04 Jan 2008

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