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Observers Say Consolidation Coming in Services Market

itbusinessedge.com
May 19, 2008
        
Story Timeline:  199 days

If there’s one thing that HP’s just-announced intent to purchase EDS indicates, it’s that the IT services market is thriving — in spite of, or perhaps because of, the slowing economy. Citing Gartner statistics, the Management Consultancy reports the global services market grew a healthy 10.5... [read full story]                    

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Latest article on this story:

HP won\'t be required to make offer for MphasiS: EDS

 moneycontrol.com May 22, 2008
First article on this story:

IDC: HP and EDS - a marriage of convenience?

 crn.com.au May 20, 2008
Selected publications with coverage of this story:
cnet.com itnews.com.au zdnetasia.com channelweb.com networktimes.co.za yahoo.com silicon.com techworld.com crn.com.au siliconrepublic.com itbusinessedge.com moneycontrol.com
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HP won\'t be required to make offer for MphasiS: EDS

moneycontrol.com
May 22, 2008
        

By Haresh Soneji, CNBC-TV18 Open Offer or NOT? EDS says HP will not be required to make a tender offer for MphasiS under Sebi (Substantial Acquisition of Shares & Takeovers) regulations, 1997 Reason – Exemption contained in section 3(1)(j)(ii) EDS statement clearly uses the word – We BELIEVE....

Hurd Plans to Herd EDS into HP (at Seeking Alpha)

yahoo.com
May 22, 2008
        

by: Sramana Mitra posted on: May 22, 2008 | about stocks: EDS / HPQ Early year in the year, I observed that Hewlett-Packard looks recession proof. On Tuesday, HP (NYSE:HPQ) reported a strong second quarter driven by strong international sales that accounted for 70% of its revenue and offset...

                   

EDS customers advised to look for price cuts

zdnetasia.com
May 22, 2008
        

Since HP and EDS sealed their agreement, customers from both companies are expecting to negotiate better terms on their deals. Compare your salaryUse the IT salary benchmark wizard and know the average salary differences between different job functions. Join...

                   

AnalystWatch: HP EDS acqusition

networktimes.co.za
May 21, 2008
        

Ed Thomas, Datamonitor analyst - 5/22/2008 In a move that has taken the IT services industry by surprise, HP has revealed plans to acquire EDS for approximately $13,9bn. The deal will make HP, already the world's largest PC vendor, the second-largest player in the outsourcing market, with annual...

Revenues up at HP

siliconrepublic.com
May 21, 2008
        

21.05.2008 - Hewlett Packard (HP) posted net revenue of US$28.3bn for Q208, up 11pc year-over-year. GAAP operating profit was US$2.6bn, up 22pc year-over-year, and GAAP diluted earnings-per-share (EPS) was US$0.80, up from US$0.65 in the prior-year period. Net earning was US$2.1bn, up 16pc...

HP posts revenue increase, raises forecast

electricnews.net
May 21, 2008
        

by Bryan Collins Hewlett-Packard saw revenue jump just under 10 percent during the firm's second fiscal quarter. HP also took the time to officially announce it is to purchase EDS at a price of USD25 per share. The terms of the transaction have been unanimously approved by HP and the EDS board of...

HP and EDS - Challenges Ahead

davidjhinson.wordpress.com
May 21, 2008
        

First, let me disclose that I am still an EDS contractor / vendor of software services (though technically not working on any active EDS engagements at the moment). My most recent engagement with EDS was the development of software to design and configure (at last count) 100,000 VoIP phones in an...

                   

EDS customers advised to look for price cuts

silicon.com
May 21, 2008
        

13.9bn HP deal - signal to hit the renegotiation table? HP and EDS customers should look at renegotiating existing contracts to push for price reductions and improved services following the $13.9bn deal between the two outsourcing giants. Outsourcing consultants and advisors say HP's agreement to...

HP benefits from laptop demand

techworld.com
May 21, 2008
        

By James Niccolai, IDG News Service A 31 percent jump in laptop PC sales helped drive Hewlett-Packard's strong quarterly results on Tuesday, although there were signs of growth in all its businesses. Total revenue for the second quarter was $28.3 billion, up 11 percent from a year earlier. Net...

                   

Nigeria: HP Doles Out $13.9b to Acquire Electronic Data System

allafrica.com
May 21, 2008
        

Indications emerged at the weekend that Hewlett Packard, HP may have doled out a whopping $13.9 billion to acquire one of the world's largest IT outsourcing companies, Electronic Data System (EDS), following a definitive agreement which the two companies signed last week.

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