When it rains, it pours. Reuters reports H-P (HPQ), which struggled with its share of negative...


When it rains, it pours. Reuters reports H-P (HPQ), which struggled with its share of negative news and commentary today, is at risk of losing a $2B IT services deal with GM, due to the latter's plans to do more work in-house. H-P announced the deal, which is believed to deliver $600M/year in hardware, software, and services revenue for the company, in June 2010.
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Comments (3)
  • DetS
    , contributor
    Comment (1) | Send Message
     
    Any chance the contractual obligations GM will have to negotiate to unwind this deal will become public?
    14 Jul 2012, 05:16 AM Reply Like
  • comrade mike
    , contributor
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    North Carolina is revising its mental health payment system currently being run by a subsidiary of hp called value options. They will be missing this revenue stream as well.
    14 Jul 2012, 04:28 PM Reply Like
  • dmeharc
    , contributor
    Comments (64) | Send Message
     
    Just a guess but I think what GM really wants to do is ..... BUY BACK EDS!! Or they've shorted HP and are raking in the bucks or just trying to negotiate a better deal. Don't you hate it when customers do this - I'm glad I don't have any .... customers that is.
    8 Sep 2012, 02:02 AM Reply Like
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