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HP close to deal to buy EDS: report

DATE: 2008-05-12
By Reuters

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The Journal, citing people familiar with the matter, said a deal was expected to be announced as early as Tuesday.

NEW YORK (Reuters) - Hewlett-Packard Co is close to a deal to buy Electronic Data Systems Corp for $12 billion to $13 billion, the Wall Street Journal reported on its Web site on Monday.

The news sent EDS shares soaring 28 percent to $24.14 on the New York Stock Exchange. HP shares fell 4.1 percent to $47.16.

The Journal, citing people familiar with the matter, said a deal was expected to be announced as early as Tuesday.

HP declined to comment. EDS could not be contacted immediately for comment.

© Thomson Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

 





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Vizard: The Great Certification Circus
Certifications are one of the few tools they think they can rely on to determine which partners should be in their gold or silver programs while the rest of the channel pretty much gets treated as the great unwashed mass.

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