HP gives CSC the eye
PrintSniffing about
Posted in Financial News, 6th January 2006 13:06 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
Potential buyers are sniffing around Computer Sciences Corp after taking a festive break, according to reports.
Blackstone Group, the same private investor that was involved in Lockheed's abortive bid for the services giant in November, is at it again.
This time it appears that HP has been roped in to lead the bid. Or it may rather be the case that there is an orderly queue of suitors wanting to give CSC the once over and Blackstone is the most familiar chaperone.
The San Jose Mercury News reports that the financial community was surprised at these latest preliminary talks, even though CSC appeared to be on heat and HP has shown its desire for large services acquisitions - its last significant flirtation, with Price Waterhouse Coopers, having been rejected. (PWC subsequently gave it up for IBM).
Investors still appear to be interested in seeing a deal done. CSC shares jumped nearly eight per cent on the news yesterday. HP's share price dipped a touch. ®
Analyst Keynote: The Register Agile Data Center Summit
10 Steps to a Successful CRM Implementation
Market Primer: ERP Systems
What Exchange can't do - and Dell can
Enabling The Agile Data Center
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter