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| Business News |
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| NBC Universal, partners to buy Weather Channel
(Reuters)
Reuters - NBC Universal and private equity firms Bain Capital and Blackstone Group said on Sunday they agreed to buy The Weather Channel from Landmark Communications. |
| Is capitulation on the cards?
(Reuters)
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| Postbank sale may fail over target price: report
(Reuters)
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| Auto sector woes could spur deals: Renault CEO
(Reuters)
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| Hyundai cuts, Kia lifts domestic sales target
(Reuters)
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| China premier: Continue inflation fight
(AP)
AP - China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday. |
| HP in talks to buy EDS to compete with IBM - 13, May 2008 | |
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NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services. By Jui Chakravorty and Duncan MartellNEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co (HPQ.N) is in talks to buy technology outsourcing company Electronic Data Systems Corp (EDS.N) for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services.The acquisition would be HP's biggest since its $19 billion acquisition of Compaq in 2002. Shares of EDS rose nearly 28 percent, taking its market value to about $12 billion.HP shares fell nearly 5 percent amid some skepticism that slow-growing EDS, still considered in turnaround mode, would provide more than a one-time boost, and might not be worth a premium of as much as 37 percent.A source briefed on the matter told Reuters about the talks and that the plan was to announce a deal by the close of Tuesday. The Wall Street Journal first reported the discussions, and later HP and EDS both said they were in talks about a business combination but gave no details."While Hewlett-Packard has over time built up its own outsourcing practice, this clearly is a move by Mark Hurd to challenge IBM in the services area," said David Garrity, director of research at Dinosaur Securities, referring to HP's chief executive.A bigger HP could compete better against International Business Machines Corp (IBM.N) in going after large clients and help it keep costs in line, analysts said. If HP completes the acquisition, it would be by far the largest under CEO Hurd."It would put Hewlett-Packard in the sweet spot of an IT spending trend. It would definitely improve their position against IBM," said CRT Capital Group analyst Ashok Kumar.SKEPTICISM ABOUT TARGET 
(c) 2008 Reuters |
| Other news from Business category: |
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| Software News |
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| 'Containers' Out Perform Virtualization For KV Pharmaceuticals
(TechWeb)
TechWeb - InformationWeek - With a container approach from Parallels' Virtuozzo, memory consumption and processor overhead are reduced through the use of one operating system per host. |
| Nokia 6220 Smartphone Released
(TechWeb)
TechWeb - InformationWeek - The Nokia 6220 classic design includes 3G connectivity, compatibility with Microsoft Office applications, Bluetooth capabilities, and a 5-megapixel camera. |
| Microsoft Hopes Office Subscription Plan Will Counter Free Software
(TechWeb)
TechWeb - InformationWeek - Microsoft is counting on Equipt's convenience factor to help it fend off threats from Google, IBM, and others that are offering free desktop productivity suites. |
| Three Startups To Solve SaaS Integration Problems
(TechWeb)
TechWeb - InformationWeek - Boomi, SnapLogic, and Cast Iron are rolling out new offerings designed to help companies integrate software running in the cloud with onsite software. |
| Blogger Opinion: Why We Left NetSuite
(NewsFactor)
NewsFactor - I first met our solution provider, Ray Tetlow, the founder of Skyytek, on the Oracle Small Business (OSB from now on) user forum. At the time we were struggling with version 7 of OSB. It was really incomplete and badly tested software. Not only was it painfully slow, but also a lot of the features on which we based our purchasing decision just did not work. |
| Krugle enhances code search appliance
(InfoWorld)
InfoWorld - Krugle plans to ship next week an upgrade to its search appliance for enterprise software development projects, which makes it easier for teams of developers to maintain code. |
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