The fabrics represent the latest development in "pervasive computing, " the name applied to a new generation of communication and information technology that will be integrated into our environments.

CNN: The bag that watches your wallet

While the EDS acquisition cemented HP's spot in the top tier of information technology services firms, trailing only IBM, analysts had anticipated big cuts as HP integrated EDS' offerings with its own services arm.

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ICG, an information technology company, which raises serious questions about the firm's ability to provide the sort of integrated service, melding advice on strategy and technology, which a growing number of clients are demanding.

ECONOMIST: Management consultants and their clients