HP says it will buy EDS for about $12.6 billion

May 13, 2008 By MICHAEL LIEDTKE, AP Business Writer

(AP) -- Hewlett-Packard Co. has agreed to buy Electronic Data Systems Corp. for about $12.6 billion to build a technology-services company that could challenge IBM.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .

Similar stories from PHYSorg:

Brocade deepens IBM ties, steps up attack on Cisco

Apr 28, 2009 | not rated yet | 0

Ahead of the Bell: Brocade shares jump

Oct 05, 2009 | not rated yet | 0

Dell eyes tech services with $3.9B deal for Perot

Sep 21, 2009 | not rated yet | 0

Oracle's Larry Ellison to IBM: 'make our day'

Oct 15, 2009 | not rated yet | 0

Xerox, Dell mergers reveal the draw of IT services

Sep 28, 2009 | not rated yet | 0

Rate this story - not rated yet

rank
1
2
3
4
5

view popular

Other News

Google announced plans to hold a press event next month about its Android mobile phone operating system

Google plans Android event in January

Technology / Internet

1hour ago | not rated yet | 0

Google announced plans on Tuesday to hold a press event next month about its Android mobile phone operating system amid speculation the Internet giant plans to release its own smartphone.

Broadcom settles securities class action lawsuit

Technology / Business

1hour ago | not rated yet | 0

(AP) -- Broadcom Corp. said Tuesday it will pay more than $160 million in cash to settle a class action investor lawsuit related to stock option backdating, but did not admit wrongdoing.

Hacker pleads guilty in huge credit card theft case

Technology / Internet

3 hours ago | 5 / 5 (1) | 0

A 28-year-old Florida man pleaded guilty on Tuesday to hacking into corporate computer networks and carrying out what US officials have described as the largest credit card theft in US history.

Broadcasters' woes could spell trouble for free TV

Technology / Telecom

7 hours ago | 4.7 / 5 (3) | 6

(AP) -- For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer.

Moving video to 'captcha' robot hackers

Technology / Computer Sciences

8 hours ago | 3 / 5 (1) | 1

We see the popular "captcha" security mechanism often ― wavy letters websites ask us to type into a box. It's used by web pages and newsletter sign-up forms to prevent computer robots from hacking into servers and databases. ...