Slashdot Mirror

← Back to Stories (view on slashdot.org)

HP Seals the Deal, Buys EDS For $14B

Posted by timothy on from the the-same-only-different dept.

netbuzz writes "Following yesterday's spate of heated rumors, the announcement comes this morning that HP has completed a deal to buy EDS for just under $14 billion. The acquisition has been approved by the boards of both companies, according to HP. EDS CEO Ron Rittenmeyer has issued an e-mail to his employees promising that the company brand will continue and, "We are — and will remain — EDS."

1 of 214 comments (clear)

  1. Re:Heh... by Anonymous Coward · · Score: 5, Informative

    Compaq's CEO certainly sent out a similar email.

    The surviving Compaq portions of the combined company still have a lot of Compaq culture in them, but the HP culture is slowly eating that away.

    The CEO's extreme cost cutting is having an effect as well. Compaq employees used to have individual offices and free Cokes in the labs. Now we have cubes and expensive vending machine Cokes. Hell, they even took away the sporks from the break rooms.

    So, EDS folk: welcome to the company. Say goodbye to your sporks.