Hewlett-Packard's proposed $13.9bn purchase of the computer services giant Electronic Data Systems (EDS) has been overwhelmingly approved by its shareholders. EDS said about 98.8 per cent of the company's shares of common stock were in favor of the acquisition. That number represents about 72 per cent of total EDS outstanding …
It took 15 minutes to approve....Are we really talking EDS here? Because I've never heard of any decision in EDS to take less then 15 months!
Maybe this is a sign of improvements to come. The ability to make quick decisive decisions would be a welcome change here.
HP + EDS = ??
Surely they deserve each other?
The uselessness of HP and their ability to have new product ranges, combined with EDS's general FAIL at everything - hopefully they'll go down the pan faster tied to each other!
EDS & HP will have a fantastic opportunity to deliver REAL end to end solutions, Now the 9th largest company in the world. Bye Bye other vendors!
Once a vendor, always a vendor
"EDS & HP will have a fantastic opportunity to deliver REAL end to end solutions, Now the 9th largest company in the world. Bye Bye other vendors!"
Ha Ha! Notice the word "vendor" - that's what they'll always be
Missing Info from Article...
What they didn't say was if the shareholders did not accept the buyout, EDS would owe HP a huge penalty fee in the multi millions of dollars. So there was a major "incentive" for EDS shareholders to accept the buyout.
re Once a vendor always a vendor
Yep, a VENDOR. A vendor sells things (anything, product, service, utility, etc) HP do sell things, unlike some others in the space (Sun as an example). The number one vendor (& 9th largest company on the planet) continues to grow and sell more than anyone else.
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