Posts Tagged ‘ars technica’

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A lot of tech companies traded like a high stakes poker game. Of course this is not unusal for companies to buy other companies – It is interesting to see who bought what. It makes for the big question: Will the new parent company keep their new child or will we see it in a dumpster next week?

Let’s start with the big one: HP buys EDS. On Tuesday, HP laid down 12.6 Billion to purchase Electronic Data Systems. This is a move to catapult HP into a position to compete with IBM’s markets.

Created in 1962 by Ross Perot – the Billionaire that ran for President in 1992 (and took about 18.9 percent of the vote). Ross Started EDS after departing from IBM. His first big contract was in computerizing Medicare Records from the Government. In 1968 EDS went public and shares went from $16 to $160.

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