Capital2's Blog

Recruitment and Career advice for the High Tech and Banking Industries

The big to keep getting bigger!

NEW YORK/SAN FRANCISCO (Reuters) – Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services.

 

The acquisition would be HP’s biggest since its $19 billion acquisition of Compaq in 2002. Shares of EDS rose nearly 28 percent, taking its market value to about $12 billion.

 

HP shares fell nearly 5 percent amid some skepticism that slow-growing EDS, still considered in turnaround mode, would provide more than a one-time boost, and might not be worth a premium of as much as 37 percent.

The technology market and our specific market area of enterprise software is extremely acquisitive…. this deal would put HP right up there with IBM and enable it to chase bigger clients to buy. The technology sector, whilst a comparatively young industry is already producing some huge huge companies. One to watch.

Don’t forget, for the best technology, software and banking jobs, visit our website www.capital2solutions.com

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May 13, 2008 - Posted by | Technology News |

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