The Electronic Systems business of Northrop Grumman coalesced from a series transactions that acquired parts of Westinghouse, Teledyne, L ITTon Industries and TRW. Raytheon grew to its current prominence by acquiring the old Hughes Electronics and parts of Texas Instruments.

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In a statement released Monday, Hewlett-Packard acknowledged it is in "advanced discussions" with Electronic Data Systems about a possible business combination.

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People familiar with the matter say IBM (nyse: IBM - news - people ) was also bidding on the business, as was Electronic Data Systems (nyse: EDS - news - people ).

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First, not only is distributed generation cleaner and more efficient, but to make it work requires elaborate electronic-control systems that will result in the commercialisation of the electronic home and business.

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In 2003, Electronic Data Systems (EDS) acquired its software business and Storage Technology acquired its services business.

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Jeff Wacker, corporate futurist for Texas-based Electronic Data Systems (EDS), lectures all over the country about the evolution of American business.

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