HP has eye on IBM as it discusses EDS acquisition

In this , Nov. 12, 2007, file photo, Hewlett Packard Company CEO Mark Hurd smiles during a conference in San Francisco. HP is negotiating to buy information technology services provider Electronic Data Systems Corp. in a deal that could help the world's largest personal computer maker win more consulting contracts with large companies and government agencies. Palo Alto-based HP and Plano, Texas-based EDS confirmed the talks Monday, May 12, 2008, shortly after The Wall Street Journal reported a deal could be reached as early as Tuesday. Citing unnamed people familiar with the matter, the Journal said HP will pay $12 billion to $13 billion. (AP Photo/Paul Sakuma)