Electronic Data Systems

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SEC Probes Hurd's Exit From H-P

Ben Worthen, Justin Scheck and Joann S. Lublin, Reporters, The Wall Street Journal in News on December 20, 2010 at 4:08 pm PT

The Securities and Exchange Commission is investigating the circumstances surrounding Mark Hurd’s departure from Hewlett-Packard Co., in a broad inquiry that includes claims that the former chief executive shared inside information about an acquisition, people familiar with the matter said.

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HP Ex-Contractor Alleged Mark Hurd Shared Inside Info With Her

Justin Scheck, Ben Worthen and Robert A. Guth, Reporters, The Wall Street Journal in News on November 5, 2010 at 3:40 pm PT

A former Hewlett-Packard Co. contractor alleged in June that Mark Hurd, then the company’s chief executive, leaked to her details of the company’s plan to acquire Electronic Data Systems Corp. more than a month before the $13.9 billion deal was made public, according to people familiar with the situation.

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H-P to Brandish Its Technology Credentials

Suzanne Vranica and Justin Scheck, Reporters, The Wall Street Journal in News on March 11, 2010 at 5:00 am PT

In need of an image makeover after an aggressive acquisition spree, Hewlett-Packard is launching its first corporate advertising campaign in more than five years. The company, which consumers know primarily for its printers, says it is seeking to recast itself as a broader technology concern with a campaign featuring, among others, rapper Dr. Dre and stand-up comedian Rhys Darby, star of the HBO series “Flight of the Conchords.”

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Ellison: Oracle Won't Be Seventh in Services

Ben Worthen, Reporter, The Wall Street Journal in News on October 16, 2009 at 1:00 am PT

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.

Layoffs Hit Silicon Valley: HP Today, Who Tomorrow?

Kara Swisher in News on September 16, 2008 at 7:15 am PT

Of course, the layoffs at Hewlett-Packard were expected, part its cost-cutting integration after the $13.25 billion acquisition of Electronic Data Systems Corp. HP said yesterday that the 24,600 jobs the tech giant axed, or 7.5 percent of the total work force, were made to “streamline the combined company’s services” businesses. But BoomTown has to wonder if other big tech and Internet companies might be looking at HP’s move and the current economic mess and wondering if it might be a good time to pare down a bit themselves, after a spate of overhiring.

New From HP: PinkSlipJet EDS Edition

John Paczkowski in News on September 15, 2008 at 3:20 pm PT

When Hewlett-Packard CFO Cathie Lesjak said she was fond of cost-cutting, she wasn’t kidding. On Monday HP announced plans to cut 24,600 jobs over the next three years as it digests Electronic Data Systems, the technology services giant it acquired for nearly $14 billion this summer.