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HP in talks to buy EDS in deal reportedly worth $12B to $13B



By MICHAEL LIEDTKE, AP
12 May 2008 @ 05:28 pm EST

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HPQ 37 -1.5
EDS 24.96 0
IBM 87.75 -1.25
LMT 87.48 -4.52
BA 41.8 -2.61
DELL 13.29 -0.14

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HP has been on a roll since it hired Mark Hurd as chief executive three years ago. Since then, it has surpassed IBM as the world's largest technology company, based on revenue and supplanted Dell Inc. as world's the top seller of personal computers.

The success has helped HP consistently deliver profits that top analyst estimates, which has helped to more than double the company's stock price since Hurd's arrival.

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AP Business Writer Dibya Sarkar in Washington, D.C., contributed to this story.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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