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When Hewlett-Packard Co. (NYSE:HPQ) acquired Electronic Data Systems Corp. for $13.9 billion last year, it inherited an existing relationship with Research In Motion Ltd. (NASDAQ:RIMM). You see, prior to the August 2008 deal, EDS managed through its mobile workplace services business the BlackBerry accounts of about 500,000 spartphone users. On...
Posted on May 4, 2009 4:09 PM
In July Electronic Data Systems Corp. denied reports that it would have to fire 20% of its work force after a $13.9 billion merger with Hewlett-Packard Co. On Monday it announced the real number: 7.5% of its work force, which comes to 24,600 people who will receive severance packages, counseling...
Posted on September 15, 2008 5:56 PM
It's been a swift four months from the time Hewlett-Packard Co. announced its $13.9 billion acquisition of Electronic Data Systems Corp. to Tuesday's close -- an indication that this is a deal both companies are firmly behind. Now, though, the more difficult work of stitching the companies together really begins. ...
Posted on August 26, 2008 10:58 AM
With nasty dealmaking dominating the M&A headlines -- InBev SA-Anheuser-Busch Cos. and Microsoft Corp.-Yahoo! Inc., to name two -- Hewlett-Packard Co.'s planned acquisition of Electronic Data Systems Corp. was a refreshing reminder that friendly deals could still get done. Not so fast. It seems EDS shareholders aren't so sure about...
Posted on July 22, 2008 4:51 PM
Hewlett-Packard Co. has decided to shuffle its deal team at a pivotal time in its history. The world's largest PC maker is in the throes of hammering out its megadeal to acquire Electronic Data Systems Corp. The $13.9 billion price tag makes the deal the largest all-cash purchase by a...
Posted on June 18, 2008 11:56 AM
Back when news broke of Hewlett-Packard Co.'s $13.9 billion acquisition of Electronic Data Systems Corp., we wondered what the deal meant for HP's Ann Livermore. As executive vice president of the technology solutions group, Livermore oversees HP's business services group. Under terms of the deal, control of the outsourcing portion...
Posted on June 2, 2008 9:57 AM
More insight into the complexities of this deal comes from the outsourcing lawyers at Pillsbury Winthrop Shaw Pittman LLP, who just released a memo on the subject. Here's a sample: Pillsbury understands that EDS is currently undertaking a review of its contracts' change of control provisions to plan for the...
Posted on May 15, 2008 4:26 PM
The Deal's West Coast tech reporters continue to report away on the big Hewlett-Packard Co.-Electronic Data Systems Corp. deal, and you'll see their work on The Deal.com and in a story that will appear in The Deal newsweekly magazine on Monday.That leaves this more casual observer of the tech scene...
Posted on May 14, 2008 12:26 PM
According to a report in Deal Journal, the model for combining the outsourcing businesses of Hewlett-Packard Co. and Electronic Data Systems Corp. originated in joint venture discussions between the two sides. The original proposal was for HP to fold its outsourcing business into EDS' and let EDS run the combination....
Posted on May 13, 2008 3:56 PM
Business services outsourcing is the major driver of Hewlett-Packard Co.'s $13.9 billion play for Electronic Data Systems Corp. Based on fiscal 2007 performance, the companies say their combined services business would post annual revenue of $38 billion, and presumably position them to better compete with industry leader IBM Corp. With...
Posted on May 13, 2008 12:00 PM
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