Electronic Data Systems acquires interest Mphasis – Take that IBM!
Submitted by Bill Belew on Sunday, 11 June 2006No Comment
A Texas company has decided to duke it out with IBM in India.
Electronic Data Systems is located in Plano, TX.
Mphasis is located in India’s silicon valley – Bangalore.
After IBM announced its increased interest in India, EDS decided to show just how much interest they have in the country as well – to the tune of $380 million.
Compare that to the $6 billion that IBM has pledged to India and I think IBM hardly noticed EDS’ gesture.
Where do these companies get this money?
EDS bought 52% of Mphasis shares. Their goal – to add overseas jobs and challenge IBM is what EDS representative, Travis Jacobsen said.
Can EDS challenge IBM? I wonder if DCR can beat HAL?
What do you think??
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