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HP to acquire EDS for $13.9 billion in cold cash

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HP and EDS today announced that they have signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion.

HP intends to establish a new business group, to be branded EDS – an HP company, which will be headquartered at EDS’s existing executive offices in Plano, Texas. HP plans that EDS will continue to be led after the deal closes by EDS Chairman, President and Chief Executive Officer Ronald A. Rittenmeyer, who will join HP’s executive council and report to Mark Hurd, HP’s chairman and chief executive officer.

Originally posted on May 13, 2008 @ 10:08 am

New film stars rise in YouTube’s Project Direct International Film Competition

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youtube.jpgYouTube announced the results of Project Direct, the company’s first ever international film competition sponsored by HP. Hundreds of talented filmmakers entered the contest and award-winning director, Jason Reitman, along with a panel of experts from Fox Searchlight, helped choose 20 finalists. The YouTube community then voted and selected their favorite films.

Adriana Falcão of Brazil won the competition for “Lacos.” As the grand prize winner, Falcão will spend nine days as a guest of HP at a major international film festival, will meet with Fox Searchlight Pictures production executives, will receive a $5,000 debit card and have her video played on the YouTube homepage in seven countries. Second place winner from the United States, Jacob Lewis, will receive a $5,000 debit card for his film “Gone in a Flash.” Additionally, third place winner, America’s Ben Shelton, will receive a $2,500 debit card for his film “My Name Is Lisa.”

Audiences can view the winning films and additional contest entries in a dedicated Project Direct gallery at www.youtube.com/projectdirectgallery. The gallery launches December 12, 2007 and will exist indefinitely to highlight the exceptional films that were submitted to the contest.

Originally posted on December 5, 2007 @ 11:28 am

HP shows off Blackbird to the public for the first time

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Hewlett-Packard (HP) announced in early September the launch of Blackbird 002, a gaming system using technologies from both HP and Voodoo PC. Last September 27, in a company keynote during Digital Life in New York City, Phil McKinney, VP and Chief Technology Officer for Personal Systems Group of HP, showed the machine for the first time to the general public.

Originally posted on October 2, 2007 @ 11:32 am

HP’s WebOS Now Open Source

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Hewlett Packard’s exit from the tablet market was quite a jolt even though a lot of people already predicted that it was inevitable. One of the fallouts of HP’s move was that the operating system that they bought from Palm for $1.2 billion, WebOS, was suddenly placed in limbo. HP finally addressed the issue when it announced that it has decided to release WebOS as an open source software.

HP’s decision to turn WebOS to the public was a bit of a shock. Most people were speculating that the company will just sell it to recoup some of its investment. Others thought that HP will just totally mothball the OS. HP’s decision leaves many to conclude that it still believes in WebOS and that it will benefit from open source development. [Read more…]

Originally posted on December 12, 2011 @ 9:41 am

How HP’s TouchPad Can Avoid Tablet Purgatory

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With the exception of RIM’s Playbook, every iPad 2 challenger has been greeted by consumers with a lack of interest (at least as far as Android tablets go).

Instead of taking cue’s from RIM (who didn’t go out of their way to challenge Apple), HP has decided to boast about TouchPad’s superiority over rivals, claiming that their tablet will not only be able to challenge iPad 2, but also beat Apple at their own game.

Although early reviews of the TouchPad have thus far been positive, HP will have to do more than match iPad 2 on price if they plan on stealing the gold away from Apple. [Read more…]

Originally posted on May 23, 2011 @ 1:34 pm

Filed Under: HP