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Hewlett-Packard said Tuesday in had
completed its acquisition of Electronic Data Systems (EDS), bolstering the
tech giant in the market for IT services against IBM. (Xinhua/AFP
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LOS ANGELES, Aug. 26 (Xinhua) -- U.S. computer maker
Hewlett-Packard said Tuesday that it has completed the 13.9-billion-dollar
purchase of Electronic Data Systems, the company's biggest acquisition since it
took over Compaq for nearly 20 billion dollars in 2002.
The acquisition of the IT service company would help
HP expand its business in the lucrative field of technology consulting and
outsourcing services, said the Silicon Valley giant.
Industry analysts have suggested it will be a major
task for HP to absorb a company as big as the Texas-based EDS, which has some
140,000 employees.
However, HP chief executive Mark Hurd has a good
track record of managing the successful integration of Compaq and overseeing the
company's acquisition of more than two dozens of other companies in recent
years.
HP, which has an annul revenue of over 100 billion
dollars, employed about 172,000 people itself before the EDS deal. The two
companies had more than 38 billion dollars in revenue from IT services
collectively last year, while industry leader IBM had 54.1 billion dollars.