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HP to buy EDS for about $12.6 billion in cash

Hewlett-Packard Co. is buying Electronic Data Systems Corp. for $12.6 billion in a deal that will create the second largest technology services provider behind IBM.

HP 2Q profit rises, raises full-year targets

Hewlett-Packard Co.'s fiscal second-quarter earnings exceeded expectations and the company raised its full-year financial targets, the computer maker and technology services provider said Tuesday.

Microsoft's WorldWide Telescope blasts off

Microsoft Corp. launched its WorldWide Telescope late Monday, bringing the free Web-based program for zooming around the universe to a broad audience.

Additional Stories in AP Technology News

Google joins effort to make more Web sites more sociable - 05-13-2008
NTT profits jumps 32 pct on booming long distance - 05-13-2008
Web fuels and facilitates the new politics of rumor-mongering - 05-12-2008
Disney to create lab to test ads for ABC, ESPN - 05-12-2008
Dish Network's 1Q profit up 65 pct amid slowdown - 05-12-2008
Chile probes data theft and posting by hacker - 05-12-2008
2 AMD executives out in restructuring amid slump - 05-12-2008
REVIEW: 'Boom Blox,' 'Echochrome' offer pure fun - 05-12-2008
Microsoft exec Jeff Raikes to run Gates Foundation - 05-12-2008
Clear Channel, banks, buyers in settlement talks - 05-12-2008
Apple: iPhone sold out online in US, UK - 05-12-2008
Tribune's Newsday deal is one step in easing debt - 05-12-2008

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