HP + EDS vs IBM
May 13 may be a bad memorial date for Malaysian, but it has become a shocking moment in the IT world in 2008: HP acquired EDS for USD13.9 billion!
So what so interesting comparing with IBM ?
- Without any layoff, HP + EDS will have 311000 employees, where IBM is now at 386500.
- IBM having USD 54 billion market revenue, while HP + EDS is USD 39 billion (17bil + 22bil) in fiscal year 2007.
This striking news may bring new challenges to IBM to stay on the top pit in near future.
A little bit of HP : HP, which employs about 172,000 full-time employees, was founded by Stanford grads Bill Hewlett and David Packard in Palo Alto, Calif. in 1947. The company recorded $107.7 billion in revenue in 2007, making it the first IT firm to report revenues exceeding $100 billion. more visit HP…
A little partial of EDS : EDS, based in Plano, Texas, was founded by billionaire and former presidential candidate Ross Perot in 1962. General Motors acquired EDS from Perot in 1984, spun it off again as an independent company in 1996 and became an EDS client. EDS employs about 139,500 full-time people in 58 countries, and reported revenues of $24 billion in 2007. It is ranked as one of the largest service companies on the Fortune 500 list. more visit ED…
