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

The 10 most successful crowdfunding campaigns in Oregon

The Latest
Wednesday, August 19, 2015
081915-crowdfundingmainBY JACOB PALMER | DIGITAL NEWS EDITOR

One of the hottest new investment trends has proven quite lucrative for some companies.


Read more...

10 Innovators in Rural Health

July/August 2015
Monday, July 13, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

Telemedicine, new partnerships and real estate diversification make health care more accessible in rural Oregon.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...

Baby. Boom!

September 2015
Wednesday, August 26, 2015
BY LINDA BAKER

A new co-working model disrupts office sharing, child care and work-life balance as we know it.


Read more...

Downtime with Debra Ringold

July/August 2015
Monday, July 13, 2015
BY JACOB PALMER

Dean of the Atkinson Graduate School of Management, Willamette University


Read more...

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

Storyteller in Chief: Natural Prophets

July/August 2015
Monday, July 13, 2015
BY SAM BLACKMAN

Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.


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