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May 13th, 2008, 08:03 PM
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HP To Challenge IBM with $13.9 Billion EDS Acquisition
(NewsFactor)
NewsFactor - Two king-pins in the technology industry announced Tuesday a merger agreement valued at $13.9 billion, with Hewlett-Packard Co. (NYSE: HPQ) set to acquire computer consulting firm Electronic Data Systems Corp. (NYSE: EDS) in an effort to compete more aggressively with rival IBM in the technology services business.
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