EDS shareholders approve HP deal; EDS shoots down layoff rumors

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Collusion

Monday, EDS reports 2nd quarter earnings exceeding analyst's expectations and previous guidance. All seems well in Whoville. Thursday, EDS shareholders approve the HP "merger". In announcing the results of the shareholder vote to employees, CEO Ron Rittenmeyer reminds EDS employees that until the deal closes later in the third quarter, the companies must continue to operate independently. That very same day, layoffs begin at EDS. Is this an example of operating independently, or does that SEC rule only apply to the little people? Just saying...

Posted by: SilentButDeadly   Posted on: 08/01/08 You are currently: a Guest | Members login | Terms of Use

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