Displaying items by tag: HP

In a move that pits Hewlett-Packard against IBM in a struggle for leadership of the massive IT services market, HP has acquired EDS for US$13.9 billion. The acquisition will more than double HP's services revenue of $16.6 billion in 2007, with the combined revenues of both companies for that period totalling $38 billion. The acquisition deal will be closed in the second half of 2008.

Published in Strategy

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