Posted: Monday, 12 May 2008 4:18PM
HEWLETT PACKARD EYES TEXAS COMPANY
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Palo Alto-based Hewlett Packard confirms it is trying to buy Texas-based Electronic Data Systems, which was founded by businessman and former presidential candidate Ross Perot.
The Wall Street Journal reports HP could pay between $12 billion and $13 billion dollars for the technology services giant.
Adding EDS to its arsenal would make H-P a more formidable computer-services rival to IBM.
If the deal were completed, it would be H-P's largest acquisition since its $19 billion dollar acquisition of Compaq Computer in 2002 and its largest acquisition since Mark Hurd became CEO in 2005.
Ross Perot founded EDS in 1962 and sold the company to General Motors in 1984 for $2.5 billion dollars. |
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