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Jun 21
2010
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IT Turning To Cloud To Escape Vendor Lock-InPosted by: Floyd Tucker Tagged in: Xerox , vendor , software as a service , mergers and acquisitions , mergers , lay off , IT , HP , EDS , cloud
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Tech mergers are back to mixed reviews, with users saying they prefer fewer vendors but fear less competition could reduce choice
Original article by Patrick Thibodeau
Hewlett-Packard's $13.9 billion acquisition of Electronic Data Systems in late-August 2008 was one of the last big tech mergers to close before the latest recession fully arrived.
Less than a month later, HP announced plans to lay off about 25,000 former EDS workers, Lehman Brothers filed for bankruptcy, and the market fell 504 points -- all on the same day, Sept. 15, 2008.