May 13, 2008 9:08AM
H-P’s Hurd Says Deal Reaches Objective To Boost Services
By Donna Fuscaldo
H-P’s (HPQ) CEO Mark Hurd says on the call the acquisition of EDS (EDS) meets the company’s goal of expanding its services businesses. According to Hurd, who largely reiterated comments in the company’s press release, says with EDS, H-P will double its services business. H-P’s services business which had revenue of more than $38 billion, already has 210,000 employees. The deal, says Hurd is “compelling financially, compelling strategically and compelling commercially.” The deal is expected to close in the second half of the year.
