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Well, the rumors are over!  Looks like we’ll soon be a part of the HP family! This will be both an exciting time and a scary time.  It’s scary because of all the unknowns and changes that merging two companies can bring.  It’s also exciting because of the potential opportunities that a new company can offer….both from a business perspective as well as a personal growth perspective. I’m sure this is on most of the tech/eco news’ headline today. The CEO of EDS has sent out an announcement this morning to confirm that EDS and HP has come to an agreement on the HP purchase. We will be soon an HP company.

Attached is the official announcement from Ron Rittenmeyer, the CEO of EDS Corp.

From: Rittenmeyer, Ron Mail Centre

Sent: Tuesday, May 13, 2008 7:39 AM

Subject: Message from Ron Rittenmeyer

To the EDS Worldwide Team:

Today is a historic day for the future of all of us at EDS, our valued clients, our shareholders and the entire IT industry. EDS and HP have reached a definitive agreement for HP to purchase EDS.

This transaction would be the largest ever in the IT services market and would create a formidable global competitor. EDS would join the world’s largest technology company. HP enjoys a well-respected global brand and broad worldwide resources – along with a strong operational background.

When the transaction is completed, which is expected in the second half of the year, HP will establish a new business group and brand it EDS – an HP company.

Importantly, EDS would retain the brand all of you have worked so hard to build over the last 45 years. EDS headquarters will remain in Plano and I plan to continue as chairman, president and CEO of this new business group.

Obviously, this news means major changes for everyone involved. There are many questions to be answered and decisions to be made in the coming months. Ensuring a successful integration is our top priority.

What doesn’t change, however, is EDS’ commitment to provide excellent service for our clients. And, we will relentlessly pursue new business while continuing to build the best delivery process in our industry. The core values of EDS are shared by HP, which makes this even more of a winning combination.

In the weeks ahead, I promise to communicate often with you about milestones and decisions affecting our company and our careers. We will thoughtfully manage this entire transition process – just as EDS and HP have done for many other companies we have each acquired.

To begin the dialogue, I invite you to watch a broadcast tomorrow to discuss the transaction. It will air live at 1 p.m. Central time on our EDS Global Broadcast Network, and will be re-broadcast often over the next several days. You will receive more information on the broadcast shortly.

As we complete this agreement, I ask each of you to stay committed to your work, performing at the high levels of service we expect for our clients and from ourselves. I know I can count on you to deliver.

We are – and will remain – EDS.

Ron Rittenmeyer

Things are not going well this week. Not only the powerful earthquake ravaged thousands of lives in China, but also the breaking news on the EDS website. EDS has comfirmed advanced talks with HP. What the hell is going on here?

The Earthquake

I had 3,4 friends asking me if I felt the building shaking around 3pm yesterday. I was like, emmm, I was working on the 4th floor and I really didn’t feel anything wrong. A couple of minutes later, people started calling me saying workers at Xujiahui and Lujiazui areas had to leave their work and emergency exit their buildings which confirmed that was an earthquake. Following that, thousands and thousands posts appeared on Mop.com. Within the next hour or so, BBC and most of the Chinese leading internet news websites have put the breaking news as their headlines. I’m sure you can find more and more information, news and photos anywhere on the net now.

It was shocking really. I had thought about the numbers - 7.9! Magnitude 7.9!!! Holy shit! Man, you know what? That’s terrible. The worst earthquake in China’s history was the Tangshan earthquake and that was Magnitude 7.8. It happened at mid-night and 240,000 people died in that earthquake. The whole city just went into dusts and ashes! Luckily this time it happened during daytime and it was on the outskirts of Chengdu, but still, officials claimed that more than 10,000 people have died in this tragedy so far this morning.

I still remembered that I MSN’d and called up my friends in Qingdao to check if they were alright when I confirmed there was an earthquake yesterday afternoon. Although, most of them just kept questioning me if I was joking around… I said ‘NO!’… I don’t think they had earthquake in Qingdao and they don’t even read the bloody news for fuck’s sake. Anyway, I made sure my family and Yi was fine. so I calmed down and got back to work.

For updates on the earthquake please visit Sohu.com and another other news sites. CCTV and most other Chinese TV News channels have the earthquake rescure action covered 24-7.

The HP-EDS Talk

Well, I didn’t watch Eco News this morning. However, I got the email from Ron Brooks. It’s a copy from the headline news on EDS official website. Title says it all, “Electronic Data Systems Corporation Confirms Advanced Talks with Hewlett-Packard Company”. What’s that all about?

Hewlett-Packard is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services. The acquisition would be HP’s biggest since its $19 billion acquisition of Compaq in 2002. Shares of EDS rose nearly 28 percent, taking its market value to about $12 billion. HP shares fell nearly 5 percent amid some skepticism that slow-growing EDS, still considered in turnaround mode, would provide more than a one-time boost, and might not be worth a premium of as much as 37 percent.

HP has long considered an acquisition to beef up its tech services business, a sector that offers relatively stable income and high margins even in an economic downturn. The worldwide computer services revenue rose 10.5 percent to $748 billion in 2007, according to data released on Monday by market research firm Gartner Inc. IBM continued to be the leader, with 7.2 percent share. EDS weighed in at No. 2, with 3.0 percent of the market, while HP was No. 5, with 2.2 percent market share. Together HP and EDS would have roughly $39.4 billion in services revenue, compared with IBM’s $54.1 billion last year.

Pros - HP gains a very strong No. 2 position in total services market share and professional services market share behind IBM. EDS has been relatively stagnant over the past few years. HP has been trying to promote themselves as a major services organization over the past few years. Growth could temporarily stall but then the opportunity is for the merged operations to be extremely strong and competitive
Cons - If EDS were to remain independent it would have a tough time holding on to its number 2 slot in IT services market. Besides HP and IBM, EDS also competes with Accenture and Computer Sciences Corp in the United States, as well as Indian companies Infosys Technologies Ltd, Tata Consultancy Services Ltd and Cognizant Technology Solutions Corp.

Quotes from EDS frontpage News, Reuters, The New York Times and Business Week

今的网络时代Web2.0模式的兴起是不可抑制的，因为它确实是顺应我们用户需求而生的同时也是个性鲜明的，而在这个时代所出现的许多互联网公司他们在用 户眼中一直是既亲切又神秘的，今天小编就来大家看看外国的朋友对当今知名的12家Web2.0服务的IT公司进行走访，为我们带来了第一手的工作实景照 片，让他们从此不再神秘，下面就让我们一起去看看这些风格各异的公司内部环境和小编们的工作状态吧。点击下面的链接进来看看照片吧！ Continue reading »

最近几天越来越多的人在抱怨自己的工作不好，不理想，没有前途。我几乎每天都能收到这样的complain，我自己呢？倒是心态相对平和很多。急于求成有什么用呢？对于那些还没有found自己career path的朋友，不妨看看这几篇孙振耀（前HP中国总裁)写的文章。这是Chris兄，刚刚发给我看的，他email的subject是’a must-read’ 呵呵…… 大家来看下吧，希望你们、还有我自己在看过这个文章后会对自己的career有个比较clear的image (文章很长,要有耐心才能读完) Continue reading »

今天开始回到我的old routine上下班咯，早上走到地铁站，2号线+班车到公司 =) 晚上也是做班车+2号线最后走回家的。今天一整天都在参加EDS WAY的training，好累，这个training好长。还好给我们做这个training的lady英文很好，而且穿插了好多game/quiz session。我的group还是以4500分赢得了最重要的一个quiz，奖励了一个USB Flash Drive。 EDS WAY真的很值得听一下，对今后的工作和个人的发展有很多很好的帮助。另外今天中午是submit the questionnaire的deadline还好我没有miss掉，不过OGC的人都知道了，我又要被狂八了……555555 这个星期接下来会很忙很忙的，周三conference call，周四是不是要training？周五要raid TK/SSC，周六还有fliming，中间还有Monica的艺术家的相机/照片事宜……
Oh my god… This is gonna be the busiest week ever.