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HP, EDS slash internal spendingOpen in New Window
Says leaked memoHP owes EDS more than a little thanks for its respectable fourth quarter. But that hasn't stopped the IT giant from putting the financial squeeze on its new acquisition.… read more »
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HP could impose compulsory redundancies for EDS staffOpen in New Window
Kelly Fiveash writes, "EDS UK and Ireland-based employees will face compulsory firings if Hewlett-Packard doesn’t hit its targets for voluntary redundancies for the first half of its fiscal 2009, Th read more »
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19,683 Tech Layoffs And CountingOpen in New Window
Eric Schonfeld of TechCrunch writes "This has been a brutal month or so for tech layoffs. According to our Layoff Tracker, there have been 19,683 job eliminations at tech companies announced since m read more »
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MoD loses most of the armed forcesOpen in New Window
The Ministry of Defense anounced that they had lost yet more data on US service personnel, stating "On Wednesday 8 October we were informed by our contractor EDS that they were unable to account for a portable hard drive used in connection with the administration of Armed Forces personnel data. This came to light during a priority audit EDS are conducting to comply with the Cabinet Office data handling review. The MOD Police are investigating with EDS.” read more »
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HP to cut nearly 25,000 jobs as part of EDS integrationOpen in New Window
"Hewlett-Packard is releasing details of its plans to integrate EDS into growth strategy, including a restructuring plan for the EDS business group that will reduce the workforce by almost 25,000 employees..." read more »
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EDS Shareholder Sues To Block HP MergerOpen in New Window
"The suit asks a Delaware court to force EDS to auction itself off for a higher price." read more »
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Update: HP buys EDS for $13.9 billionOpen in New Window
Deal will greatly expand HP's IT services business and catapult it to the No. 2 spot close behind IBM read more »
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