TITLE

HP Snags EDS in Services Bid

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/13/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition by Hewlett-Packard of Electronic Data Systems (EDS) in a bid to move further into high-margin technology services businesses and take on IBM. According to iSuppli, HP sold 49.5 million computers in 2007 to topple Dell as the No. 1 supplier worldwide. Wachovia Securities said the EDS acquisition is a decisive step towards building critical mass in services. Since the arrival of Chief Executive Mark Hurd, who instituted a cost-cutting regimen, the stock of HP has recovered.
ACCESSION #
36834939

 

Related Articles

  • Mark Hurd, Superstar. Fortt, Jon // Fortune;6/9/2008, Vol. 157 Issue 12, p35 

    This article is about Mark Hurd, the chief executive officer (CEO) of computer company Hewlett-Packard (HP), and his strategies and successes in this position. The author states that when it was announced in May 2008 that HP planned to buy the software company Electronic Data Systems (EDS), many...

  • Mark Hurd, Superstar. Fortt, Jon // Fortune International (Europe);6/9/2008, Vol. 157 Issue 11, p21 

    This article is about Mark Hurd, the chief executive officer (CEO) of computer company Hewlett-Packard (HP), and his strategies and successes in this position. The author states that when it was announced in May 2008 that HP planned to buy the software company Electronic Data Systems (EDS), many...

  • NEWSbits.  // Network World;7/18/2005, Vol. 22 Issue 28, p6 

    The article presents information on developments related to the computer industry. Hewlett-Packard Co. (HP) might cut thousands of jobs this week in the first large-scale restructuring by new CEO Mark Hurd. Hurd, who took the helm at HP in March following the removal of Carly Fiorina, has said...

  • Peregrine's value. Markowitz, Elliot // eWeek;10/10/2005, Vol. 22 Issue 40, Special section pC12 

    Focuses on issues related to the Hewlett-Packard Co. (HP). Plan of the company to acquire Peregrine Systems Inc.; Changing of the guard at HP from former Chairman and CEO Carly Fiorina to current CEO and president Mark Hurd; Change by the company, in terms and conditions for its PartnerOne program.

  • Hewlett-Packard: hotting up with Mercury acquisition.  // MarketWatch: Global Round-up;Sep2006, Vol. 5 Issue 9, p157 

    The article reports that Hewlett-Packard Co. (HP) is likely to undertake its most significant acquisition in the software space with its bid for Mercury. Mark Hurd, CEO of Hewlett-Packard is serious about the acquisition. If the acquisition is materialized, a number of portfolio elements fr om...

  • HP, Oracle Relationship Strained, HP CEO Says.  // Channel Insider;9/9/2010, p1 

    The article reports on the statement of chief executive officer (CEO) Cathie Lesjak of Hewlett-Packard Co. (HP) that its relationship with Oracle Corp. has become strained as the latter hired the ousted HP CEO Mark Hurd. It notes that HP asked a court to block Hurd from joining Oracle as it put...

  • HP at your service. Preimesberger, Chris; Davis, Jessica // eWeek;5/19/2008, Vol. 25 Issue 16, p22 

    The article provides information about the deal made between Hewlett-Packard (HP) and IBM. The author states that the HP moves to position as a legitimate rival to IBM's massive Global Services unit and announcing its intention to buy Electronic Data Systems (EDS) for $13.9 billion. The deal is...

  • HP's Mercury buy boosts SOA. Taft, Darryl K.; Musich, Paula // eWeek;7/31/2006, Vol. 23 Issue 30, p16 

    The article reports that Hewlett-Packard's (HP) acquisition of Mercury Interactive would be the right fit for service-oriented architectures (SOA). HP's $4.5 billion deal to acquire Mercury Interactive was announced on July 25, 2006. The acquisition will enable HP to integrate their open View...

  • HP, Still Without a CEO, Forecasts a Bright 2011.  // Channel Insider;9/29/2010, p1 

    The article reports on the positive expection of Hewlett-Packard Co. for its 2011 revenue growth following the controversial departure of its former chief executive officer, Mark Hurd. The company forecasts an increase of 12 to 14 percent in non-generally accepted accounting principles earnings...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics