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There's a Lot to Like in the Hewlett-EDS Deal

By Jim Cramer

 About this article:
 The more I examine the Hewlett-Packard-Electronic Data Systems merger, the more I like it. I was quick to presume that it means that HPQ's growth was stalled and that all could be gotten out of the turn had happened. But when I read through all of the research and reconsidered the conference call, I could see that Mark Hurd is trying to duplicate the winning IBM model and making it so his global reach will be that much stronger. This also is a terrific opportunity to raise growth for HPQ and margins at EDS. The latter was so cheap because its gross margins were awful and its growth nil, another reason why, instinctively, I didn't like the deal. But given the makeup of the company and how much it looks like Accenture, which is a total winner, you can make the case that it can augment...

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