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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."

4 of 214 comments (clear)

  1. Heh... by leonbev · · Score: 5, Insightful

    I wonder if Digital's and Compaq's CEO's sent out a similar e-mail when they got bought out by HP :)

    Look at the bright point, guys... at least you didn't get bought out by IBM. They would have completely turned the business on it's head in a manner of months!

    1. Re:Heh... by spideysense · · Score: 5, Insightful

      Yeah because I'm sure the few hundred dollars they spent on coke and sporks in a year cut REAL deep into the $9.6billion profit from last year. Treating people like their actually human and throwing them a few tiny perks here and there goes a long way.

  2. Yay! by Anonymous Coward · · Score: 5, Insightful

    Yay! An alternative to IBM Global Services from the maker of some really good servers. Too bad it's EDS, well at least it's not Accenture!

    Go Ross Perot!

  3. Re:The Deal will by SimonGhent · · Score: 5, Insightful

    EDS is an anti-labor, low pay sweatshop.


    EDS is an IT services company, what else would it be?
    --
    simon