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Business

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Issue:

Business

 

Written by:

Janet H

 

Date added:

June 22, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 382

 

Was viewed:

7034 times

 

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Essay content:

Before the acquisition, HP had 178,000 workers and EDS had 142,000, a total of 320,000. Palo Alto, Calif.-based HP bought EDS for $13.9-billion (U.S.) in a bid to challenge International Business Machines Corp. for more of the lucrative, long-term business of helping companies manage their computing infrastructure...
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for more of the lucrative, long-term business of helping companies manage their computing infrastructure. HP expects to save $1.8-billion per year from the cuts once the restructuring is complete. The company will incur a $1.7-billion charge in the current quarter, its fiscal fourth quarter, for a goodwill adjustment and other costs connected to the restructuring...
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