Moments after Hewlett-Packard announced plans Monday to chop more than 24,000 jobs, Chief Executive Mark Hurd defended the company's purchase of EDS, saying it will help the company in the long term.
"The enterprise is big," Hurd said at a meeting with financial analysts. "It's attractive for us and it's heading our way."
As for the integration of EDS, Hurd noted that HP has a history of being able to digest large companies. HP announced plans in May to acquire the computer services firm for $13.9 billion. The deal closed in … Read more