Figured this might affect some locals. http://news.yahoo.com/s/ap/20080512/ap_on_hi_te/hp_eds Report: HP nearing deal to buy EDS for $12B to $13B PALO ALTO, Calif. - Hewlett-Packard is negotiating to buy information technology services provider Electronic Data Systems in a deal that would expand the world's largest personal computer maker's reach in the corporate consulting market. Palo Alto-based HP confirmed the discussions Monday after The Wall Street Journal's Web site reported a deal is in the works. Citing unnamed people familiar with the matter, The Journal said the sales price is expected to range between $12 billion and $13 billion. HP said there's no assurance a deal will be consummated. Buying Plano, Texas-based EDS would give HP more tools to compete against IBM in the lucrative field of technology consulting and customer support.
Well, I know I shouldn't be rooting for a competitor. But I really hope Mark Hurd can turn around this deadbeat called EDS.
