7 HP Miscues And Mistakes


Failure To Integrate EDS

When HP acquired EDS in 2008 for $13.9 billion under former CEO Mark Hurd (pictured), there were high hopes that the deal would allow HP to go head to head against IT services giants like IBM Global Services. But, EDS was considered a red-headed stepchild and never fully integrated into HP. The result: HP took an $8 billion accounting charge in the most recent quarter related to the acquisition of EDS.