Stock-EDS. HP/HPE Alumni

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Stock issues specifically for former EDS employees

This page gives additional details for only one of the many HP/HPE-related stocks. Start here: Stock Step-by-Step (Not officially endorsed or supported.)

See all our information for EDS alumni -- pension, career, benefits, networking, EDS history/culture -- whether or not you ever worked for HP: https://www.hpalumni.org/eds

Received a "Potential Private Retirement Benefit" letter from U.S. Social Security? It shows your last transaction ("Year Reported.") Look up the "Type of Benefit" and "Payment Frequency" codes on the back. Who to contact: "Potential Benefit" letter If the Plan Name is "EDS Payroll Stock Ownership Plan" -- EDS stock was retired when, due to declining growth and profits, EDS management and board sold the company to HP in 2008. See below.

Legal successors and company names.

EDS sale to Hewlett-Packard. Due to declining growth and profits, EDS stock was down to $19 -- from $72 in 2001. EDS management and board negotiated the sale for $25/share, a 32% premium. Completed Aug 26, 2008. EDS stock was retired. EDS was temporarily structured as a subsidiary, "EDS, an HP Company." On Sep 23, 2009, it was renamed "HP Enterprise Services."

HP Breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc. and a new, completely separate company – Hewlett Packard Enterprise (no hyphen; singular; green-rectangle logo) – was spun off. Portions of HPE were later spun off into DXC and Micro Focus, which have spun off other companies.

HP Inc. is the legal successor to Hewlett-Packard and to companies acquired by Hewlett-Packard before Nov 1, 2015 – such as Compaq, DEC, EDS, Tandem, etc.

To check for lost stock and uncashed checks: https://www.hpalumni.org/Unclaimed. Electronic Data Systems was originally incorporated in Texas. In 1984, it was reincorporated in Delaware. (For unclaimed property related to the 1984-1996 ownership of EDS by General Motors, check Michigan.)

EDS stock was retired. HP's instructions to regular EDS shareholders in Aug 2008:

"HP has acquired EDS for $25.00 per share in cash... If you are a registered holder, you should be receiving a package of materials from BNY Mellon Shareowner Services within a week or two with further instructions on exchanging your stock certificates. Payment for your certificated shares should be sent within a few business days after receipt of your documents by BNY Mellon... you will need to submit your stock certificates along with a Transmittal Letter to BNY Mellon Shareowner Services. ... Do not send your stock certificates to EDS or to HP."
"All other holders should contact your broker."
--from the HP Investor Relations site, as retrieved by the independent non-profit Internet Archive
[Computershare bought the Mellon stock registry business in 2012. Computershare Investor Services: 781-575-2000. 150 Royall Street - Suite 101, Canton, MA 02021]

If you have paper stock certificates. What to do: https://www.hpalumni.org/StockCertificate

Official HP public page on employee stock, including EDS ESPP: HPInc Global Total Rewards

Official HPE public page on employee stock, including EDS ESPP: HPE Global Total Rewards

HPAA member advice on EDS stock: EDS stock is no longer traded. Where's my stock?

Plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track lot-by-lot original cost and acquisition date, gain/loss, cash payouts, and current cost basis for the many complex HP-related stock events – and what (if anything) they report to the IRS. Some let you correct your cost basis information, reducing the tax when you sell. Preserve the documents and spreadsheets you used to figure your taxes. Admin and Broker Issues

Your broker may have used a different formula than the one suggested in the tax basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward. HP/HPE tax basis letter

HP's official financial Q and A about several acquisitions:

HP once had a page on their financial website entitled "Q and A," which linked to FAQs giving details for stockholders of companies that HP had acquired. The FAQs are no longer on the HP financial website -- and the FAQs about acquisitions that became part of HPE on Nov 1, 2015 are not on the HPE financial website.

The most recent copy of the HP financial "Q and A" page in the independent non-profit Internet Archive was collected on Jan 9, 2017 -- and it has links to a copy of each FAQ: https://web.archive.org/web/20190109232600/http://h30261.www3.hp.com/faq.aspx

The stock in these predecessor companies is no longer traded. The shareholders -- including former employees who had stock or options -- were paid off in cash or stock of the acquiring company at the time of the acquisition.

EDS Stock Splits
Record date and event:
February 14, 1992 2 for 1 split
February 16, 1990 2 for 1 split
May 16, 1985 2 for 1 split
September 1968 IPO
--from 2015 copy of HP website on independent non-profit Internet Archive

Last four EDS Annual Reports For EDS SEC filings, go to the SEC's EDGAR site

EDS annual reports on HP website: HPInc site

EDS stock price history on third-party website: http://www.1stock1.com/1stock1_175.htm

EDS and General Motors. In 1984, EDS was sold to General Motors. In 1996, GM spun offEDS as a separate public company. Wikipedia has links to contemporaneous news stories.

"...on June 8, 2009... Common stock holders in the old General Motors were essentially wiped out... Shares of the old GM are canceled." --Matt Krantz, USA Today, Apr 30, 2013.

(Updated Feb 24, 2025) Question? Email: info@hpalumni.org

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