EDS News

As HP changes emphasis, will it relinquish some of its global services business to IBM so it can focus on research and development and building new Converged Cloud systems? Hewlett-Packard, fresh off a tough day May 23 in which it announced a whopping 27,000 job cuts over the next two years, continues to revisit its overall mission, evaluate all ... (more)

Meg Whitman announced Wednesday afternoon that the California-based company plans to cut 27,000 jobs worldwide.

Plano-based HP Enterprise Services has been thrust into a spotlight, after media reports that it might realize many of the job cuts announced Wednesday by Hewlett-Packard Co.

"We continue to face a weak overall demand environment," CEO Meg Whitman said on the quarterly results call to analysts.

Hewlett-Packard, the world's largest personal-computer maker, announced plans to slice its workforce by 27,000, or about 8 percent, and reported better-than-forecast fiscal second-quarter sales and profit.

Bloomberg reported that many of the job cuts will come in the company's HP Enterprise Services group that is headquartered in Plano, but no specific numbers were released.

Hewlett-Packard is reportedly mulling a severe downsizing effort that would result in an 8 percent reduction of its workforce, or about 25,000 pink slips handed out amongst the nearly 325,000 people the computing giant employs globally.

The release of the Navy's final request for proposals for its $10 billion Next Generation Enterprise Network underscores the complexity of the program - but represents the Navy's next step in its information operations.

Mark Mayo has been named group president of Xerox's Human Services Solutions Group, responsible for the company's welfare eligibility, human services and child support business.

Facing a looming deadline to finalize the town's voting districts, the Johnston Town Council on May 7 approved new boundaries recommended by Electronic Data Services.

BelHealth Investment Partners said Tuesday that Dennis Drislane, chairman of the firm's operating committee, is now full-time. The move follows the sale of TCA3 Healt h, where he was Chairman and Chief Executive Officer.

May 1, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday, April 30.

April 30 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, specializing in sector research , reports on China stock, Exceed Company Ltd.