HP slashes ex-EDS salaries up to 47 percent: “It’s a slap in the face”
Before the World Wide Web, working for Ross Perot’s IT outsourcing firm EDS was one of the most prized and prestigious jobs in tech. EDS, which Perot founded in 1962, defined the outsourcing business and made Perot a hero to both businessmen and techies.
Perot resigned in 1986, but his brash, I-always-win style continued as part of EDS’s professional brand. (Perot ran for president as an independent candidate in 1992 and won over a that’s-impossible 39… Continue Reading
HP cutting 24,600 jobs over three years as it merges EDS operations
Hewlett-Packard is cutting 24,600 jobs, or 7.5 percent of its work force, over the next three years. The victims are part of the effort to integrate the operations of newly acquired computer services company EDS into HP. Nearly half of the cuts are in the U.S., but the company plans to replace half of those positions to better address worldwide markets.
HP said the restructuring will result in $1.8 billion annual savings. Mark Hurd, chief executive… Continue Reading
HP acquires EDS to create a “super plumber” for data centers
The services sector has proven to be one of the hottest in information technology. You need trained people to manage the ebb and flow of computing in a massive, air-conditioned data center that handles the life blood of a corporation such as its e-commerce transactions or internal business operations.
IBM has been the primary beneficiary of the services boom, but now it will face more determined competition with Hewlett-Packard’s $13.9 billion acquisition of Electronic Data Systems…. Continue Reading
Roundup: HP courts EDS, YouTube dominates videos, Apple signs up HBO
Here’s the latest action:
Hewlett-Packard confirmed today that it is in advanced talks to buy EDS — It wants to acquire the data center outsourcing service company for $12 billion to $13 billion, well above the company’s current value of $9.5 billion, according to the Wall Street Journal, which first reported the story. If the deal is consummated, HP would have a lot more legs to compete with IBM’s global services division. HP’s services division brought in… Continue Reading