Morning Coffee Dec 16 2010

H-P Wins Big as Europe's IT Service Landscape is Remade Overnight

John Shinal

It didn't take long for new Hewlett-Packard CEO Leo Apotheker, a native of Germany, to tap his old contact list for a big H-P sales win.

H-P said it won a $1.4 billion contract to manage IT services for the German utility E.ON for five years. As part of the deal, 1,100 E.ON employees will go to work for H-P.

The news came at the same time that Siemens, the German industrial giant, agreed to sell its money-losing technology services business to French competitor Atos Origin. That transaction, which will cost hundreds of Siemens workers their jobs, will create the largest IT services company in Europe.

It will also give Atos Origin more heft as it battles U.S. rivals H-P and IBM for European service contracts. (CRN)



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Twitter Worth $3.7 Billion (AllThingsD)

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Facebook Tops New List of Best Workplaces (GigaOM)

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