A definitive agreement was reached between HP and EDS today where HP will purchase the global outsourcing company for $13.9 billion ($25 a share).
EDS is a global technology services company centering on information outsourcing. It serves both the private and public sectors, with core areas including manufacturing, financial services, healthcare, communications, energy, transportation, and
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31, 2008. A brief look at the wires shows that analysts see this as a positive step for HP in its bid to move beyond printers . To compete with IBM, HP has been trying to break into enterprise consulting for some time now. It even went so far as to attempt to buy PricewaterhouseCooper's consulting division. Talks fell through and it was purchased by IBM instead. HP will also gain is better access to US government contracts. EDS is one of the top 10 government IT contractors securing over $2.5 billion in