HP Looks To Start Some Trouble
I was reading the latest news off of Forbes.com and being a former HP’er myself this one caught my eye. I’m going to have to do some more investigation into this, but on the surface this would tell me that from an internal perspective there may be some questions about HP Services and their ability to deliver on what the pursuit folks are selling. Stay tuned on this one everybody. In the meantime here is the story.
If Hewlett-Packard Chief Executive Mark Hurd manages to grab technology services giant Electronic Data Systems the most interesting part won’t be what the deal does for Hewlett-Packard, but what it will do to some of the Palo Alto, Calif., technology giant’s competitors.
In a statement released Monday, Hewlett-Packard (nyse: HPQ – news - people ) acknowledged it is in “advanced discussions” with Electronic Data Systems (nyse: EDS – news - people ) about a possible business combination. The Wall Street Journal reported earlier in the day that a bid would likely value the Plano, Texas-based EDS at between $12 billion and $13 billion.
Both companies said there could be no assurance that an agreement would be reached and that they don’t plan to comment further until an agreement is reached or the discussions terminated. Trading in the two companies’ shares was halted late-afternoon Monday for news pending.
Read the rest of the story here. Other stories on this subject here and here
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