HP Wins Large P&G Contract

Hewlett-Packard will manage IT infrastructure, data-center, desktop and user support, network management, and application development at Procter & Gamble Co. operations worldwide. It sealed the $3 billion, 10-year deal--its largest deal to date--last week. EDS had been close to a comprehensive $8 billion IT services deal with Procter & Gamble late last year, but the consumer packaged-goods company scuttled the talks because of concerns about EDS's financial stability.