Former EDS CEO Ron Rittenmeyer’s newest company, RH Donnelley, emerged from Chapter 11 bankruptcy protection on February 1 under the name Dex One Corporation. Note it was announced that he joined the board of RH Donnelley in April 2009.

Fujitsu to take over huge destop contract.  Was 1 of 2 contracts worth 4.6 billion pounds.

Here is an online version of Ron Rettenmeyer’s announcement to EDS that it had been bought by HP.  Love his line at the end…

We are - and will remain - EDS.   Ron Rittenmeyer

“California-based Hewlett-Packard bought the Plano company last year. It’s now auctioning off items it no longer needs — like an American flag from Afghanistan and a Presidential Service Award. Some collectibles were part of company’s heart and soul.”

Not sure why they didn’t just put it all up on eBay.  As if we didn’t know before that HP didn’t hold any respect for EDS, we should know now.  Article includes a video clip that was part of a television newscast.

HP Services (especially EDS) “helped offset major losses in revenue in just about everything that’s not services, including consumer PCs; enterprise storage and servers; software; and printing.”  Anybody else seeing the illusion here?

A picture is worth one thousand words, or for Mark Hurd $107 million between 2005-2008.  How much “share of wallet” do you think HP employees can get from him?

Lots of articles talking about the last quarter numbers but this at least sheds a little light on them (if even so little)

“Four of HP’s major divisions — PCs, servers, software and printers — each reported big revenue declines from last year, a trend HP has responded to buy buying its way into other, more profitable markets.”  Seems all is not well to me.

“HP’s services division, which it beefed up last year with the $13.9 billion acquisition of IBM rival Electronic Data Systems , posted better profits.”  Notice EDS is key part of positive numbers.

“In the latest period, HP’s PC shipments rose 8 percent, while revenue in the PC division fell 12 percent. The trend has hurt other PC makers as well.”  At what cost is HP the number one in PCs?

“Deep cost cuts have accompanied HP’s shift in strategy. HP is eliminating 24,600 jobs as part of the EDS  acquisition, and hasn’t addressed whether there will be layoffs at 3Com, which has 5,800 employees worldwide. In May the company announced a separate round of 6,400 cuts involving workers from the product divisions.”  How many more jobs will be gone & moved?

Over 1,000 members of the union PCS working on government IT contracts began a strike ballot yesterday.  Wonder if they’ll really strike?

Hans Meyer looks at the 3Com purchase by HP a little deeper that they Wall Street cheerleaders.

Former EDS CEO Richard H.Brown (Dick Brown) recently got several shares of DuPont stock for serving on their Board. Guess his $30M + golden parachute wasn’t enough!