Home Archives June 2008 HP buys EDS for $13.2B

HP buys EDS for $13.2B

| Print |  Email
Sunday, June 01, 2008

CORVALLIS In mid-May, as rumors swirled regarding major job cuts at its Corvallis campus, Hewlett-Packard dropped $13.2 billion in cash for Texas-based tech-services provider Electronic Data Systems. Oregonians may remember EDS — last November the company bought Portland-based Saber Corp. for $420 million. HP’s acquisition puts the company in a more competitive position with rival IBM in the estimated $550 billion corporate tech-services market.

What it means for its employees is unknown. HP has already cut thousands of jobs in Corvallis (birthplace of its famed inkjet technology) and Vancouver in recent years.  According to HP spokeswoman Emma McCulloch, it will be several months until integration plans for the companies are finalized and any changes are announced.




To comment, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

College Hacker

September 2014
Wednesday, August 27, 2014
BY KLINT FINLEY

Treehouse CEO Ryan Carson builds a 21st-century trade school.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS