HP More Than Doubles Services Biz with EDS Acquisition
May 19, 2008 Timothy Prickett Morgan
To say that Hewlett-Packard has wanted to be a powerhouse in IT services is a bit of an understatement. Almost straight out of the gate in 2000, then-new chief executive officer Carly Fiorina, the first non-HPer to run the company, tried to do a $17 billion deal with the IT consultancy arm of accountant PriceWaterhouse Coopers and failed, which IBM accomplished two years later with $3.5 billion just as HP had taken a left turn and acquired Compaq for $20 billion in 2001. The Compaq deal gave HP enterprise servers, storage, and some services. But nothing like the $13.9 billion |