Storage Soup

Jul 22 2008   1:24PM GMT

EDS shareholders to HP: not so fast

Beth Pariseau Beth Pariseau Profile: Beth Pariseau

The news today was about a huge storage networking acquisition by Brocade, but another mammoth merger we covered here earlier is reportedly hitting a snag. The AP reports that some EDS shareholders are trying to pressure EDS into asking HP for more than the $13 billion it’s already been offered. Part of this pressure, according to the AP, is a plan to ask a judge in Collin County, Texas to postpone the company’s annual shareholder meeting. HP declined comment today.

While EDS is a huge player in the IT services industry and the acquisition obviously has tremendous value for HP, these shareholders would do well to reference the recent parable of Carl Icahn and MicroHoo.

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