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Stock issues specifically for former EDS employees (Updated Mar 28, 2023)
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Stock Menu. Keep up with HP/HPE-related stock issues: Join at no charge. Question or comment? Email: email@example.com
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
If you received a letter from Social Security entitled "Potential Private Retirement Benefit." How to decode: https://www.hpalumni.org/PotentialBenefitLetter.
If you have paper stock certificates. What to do: https://www.hpalumni.org/StockCertificate
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. Management and board negotiated the sale for a 32% premium. Completed Aug 26, 2008. 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; green-rectangle logo) -- was spun out. Portions of HPE were later spun out into DXC and Micro Focus, which have spun out other companies.
HP Inc. is the legal successor to the companies acquired by Hewlett-Packard before the company was split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. Responsibility for commitments to former employees of Compaq, DEC, EDS, etc. remain with HP Inc. -- regardless of whether their last business unit ended up in HP or HPE. Includes employment verification and any retiree health, pension, etc. plans.
To check for lost stock: 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.)
HP's instructions to regular EDS shareholders:
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?
Members report that brokerages, plan administrators, and transfer agents vary (sometimes dramatically) in how (or if) they make gain/loss and cost basis calculations and in what (if anything) they report to the IRS. Members have reported variations between Fidelity, Morgan Stanley, Merrill Lynch, Schwab, TDAmeritrade, and Vanguard
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
EDS Stock Splits
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 out EDS 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.
Helping each other with life after HP and HPE: Website Forums
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