Ellison: Oracle Won't Be Seventh in Services

Many big tech hardware makers are expanding into services. Hewlett-Packard last year bought Electronic Data Systems; Dell agreed last month to buy Perot Systems; and Xerox cut a deal for Affiliated Computer Services, also last month.

Cisco Snags Tandberg for $3 Billion

It’s merger mania in the tech industry. First Dell buys Perot Systems for $3.9 billion. Then Xerox purchases Affiliated Computer Services for $6.4 billion. Now Cisco is acquiring Tandberg for nearly $3 billion in cash.
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Xerox Pays $6.4B for ACS in Cash and Stock; Share Price Down 12 Percent

Xerox shares are coming under heavy pressure this morning after the company announced it would acquire computer services firm Affiliated Computer Services for $63.11 per share in a combination of cash and stock. Xerox said in a press release the deal will make the combined company a $22 billion “global enterprise for document technology” and will advance Xerox in the “$150 billion market for business process outsourcing,” often known as “BPO.”