HP's board of directors has launched an internal investigation into the circumstances of former CEO Mark Hurd's departure from the company. The investigation was disclosed in a filing to the San Jose, Calif., federal court on Jan. 14. Hurd resigned from the company in August 2010 following allegatio...
The U.S. Securities and Exchange Commission has apparently opened an inquiry into former HP CEO Mark Hurd's sudden departure from the company last August. The SEC is looking into whether Hurd leaked information about HP's planned $13.9 billion acquisition of Electronic Data Systems to Jodie Fisher, ...
Silicon Valley computing giant HP has announced it will cut 24,600 jobs, or about 7.5 percent of its global workforce, over the next three years. Nearly half of those cuts will take place in the U.S. The move is part of HP's integration of Plano, Texas-based Electronic Data Systems, which HP acquire...
Information systems and outsourcing giant EDS will buy a controlling interest in Saber Holdings, a firm that provides software and services to government agencies across the country. The company will pay $420 million in cash for the 93 percent stake in Portland, Ore.-based Saber, with the software f...
Struggling automaker General Motors handed out billions of dollars worth of information technology outsourcing contracts, with Electronic Data Systems seen as the big winner even as its revenue from GM continues to slide. IBM and Hewlett-Packard also sealed major, multi-year deals. EDS, which was ...
New research indicates that many brand-name computer companies perform poorly when it comes to online customer service. The study by the Ipswich, Mass.-based Customer Respect Group, an international consulting company, demonstrates that only six companies included in the report received an "excellen...
IBM and French software firm Dassault have inked a services contract to supply Ford Motor Company with IBM Product Lifecycle Management software for use in the automaker's design and manufacturing processes worldwide. IBM's announcement could mark a setback for rival Electronic Data Systems, which, ...
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