Where am I? Home /
BREAKING NEWS :
HP considering EDS buy
By Mark Sutton on Tuesday, May 13, 2008
HP has revealed that it is considering a possible purchase of services giant EDS.
The company has confirmed reports in the Wall Street Journal that it is holding discussions with EDS over a possible buy. The Wall Street Journal had said that HP was offering between twelve and thirteen billion dollars for the Texas-based services company.
A statement from HP issued yesterday said: "HP today confirmed that it is engaged in advanced discussions with Electronic Data Systems Corporation regarding a possible business combination involving the two companies."
HP is already a major customer of EDS, and a buy would be a big boost to HP's services division.
The company has confirmed reports in the Wall Street Journal that it is holding discussions with EDS over a possible buy. The Wall Street Journal had said that HP was offering between twelve and thirteen billion dollars for the Texas-based services company.
Related Articles
- HP to cut 24,600 jobs
- How close can HP get with EDS?
- HP buys EDS for $13.9 billion
- Injazat sets up defence subsidiary
- IT services giant secures seven-year Qatar project
- HP and UNIDO expand GET-IT training program
- Metra signs distribution deal with HP
- HP expands Mission Critical Partnership
- Fighting fakes
- HP extends recycling programme to Middle East
HP is already a major customer of EDS, and a buy would be a big boost to HP's services division.
advertisement
Related Comment
HP's acquistion of EDS has the potential to build a strong service business, but managing the mix will need a solid strategic ...
Related Feature
Green machines
Services
Green printing is a term that is splashed across PowerPoint presentations and countless advertising campaigns, but what it...
Related Feature
Calling all the shots
Services
With more pressure on companies to executive cut travel budgets and reduce environmentally damaging air travel, video...
Latest Readers Comments
-
To Centralise or Not to Centralise?
jogaweda: centralised vs distributed »
3 Jul '09 at 18:08 -
Arabic software firm buys US-based Dial Directions
Frank: I will believe it when I see it..... »
3 Jul '09 at 10:02 -
UAE to come down hard on Indian Dish TV dealers
sabyasachi gupta: dish TV »
2 Jul '09 at 15:51 -
Wi-tribe launches wireless broadband service in Pakistan
Liaqat Ali: Welcome Qtel »
1 Jul '09 at 10:21 -
Nielsen pushes for more online transparency in Middle East
Robert Murad: Too little too late! »
30 Jun '09 at 20:43
Competitions
WIN Track Ready
Ends On Wednesday, 15 July 2009
If you want to have precise control over your mouse pointer and don’t have the space for a mouse to run free on your desk, one of the five Trackman Marbles we’re giving away is just what you need.
Advertising Features 
Visit Our Sister Sites:
- ArabianBusiness.com
- ArabianBusiness.com/Arabic
- ArabianBusiness.com/Markets
- ArabianBusiness.com/Jobs
- ArabianBusiness.com/Property
- Ahlan! Live
- Masala.com
- ITP.net
- TimeOutDubai.com
- TimeOutAbuDhabi.com
- TimeOutBahrain.com
- TimeOutTickets.com
- Ahlan.ae
- Grazia.ae
- VivaMagazine.ae
- ITP.com
- ConstructionWeekDirectory
User Comments (1 comment) 
Posted by Zoher, Dubai, United Arab Emirates on 13 May 2008 at 12:11 UAE time
Certainly it is the right time now for HP to do so, since they were planning to buy Price Waterhouse prior to COMPAQ merger but now with the COMPAQ consolidation over and HP being the largest IT hardware company, this move will take them to being the larget IT solution and services company and also make a great competition with IBM