Breaking news from The Wall Street Journal concerning the sale of a
DallasPlano company you might have heard of. Reports the paper in a subscription-only piece at which you can sneak a peak: "Hewlett-Packard Co. was close to a deal to acquire Electronic Data Systems Corp. for between $12 billion and $13 billion, according to people familiar with the mater. The terms of the deal were not immediately clear but an announcement was expected soon, the people said." Notes Reuters in a brief follow: "The news sent EDS shares soaring 28 percent to $24.14 on the New York Stock Exchange. HP shares fell 4.1 percent to $47.16." Both HP and EDS have declined comment. Too busy drinking champagne out of Ronald A. Rittenmeyer's loafers. --Robert Wilonsky
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.