NEW YORK, May 13, 2008 (BUSINESS WIRE) -- Fitch Ratings has placed Electronic Data Systems Corp.'s (NYSE:
EDS) ratings on Rating Watch Positive following Hewlett-Packard
Company's (HP) proposed acquisition of EDS in an all-cash transaction
valued at $25 per share, or approximately US$13.9 billion on an
enterprise value basis. The terms of the transaction have been
approved by HP's and EDS's boards of directors. The acquisition is
expected to close in the second half of calendar 2008, subject to
regulatory approvals.

Fitch has placed the following ratings for EDS on Rating Watch
Positive:

--IDR at 'BBB';

--Senior unsecured debt at 'BBB';

--Bank credit facility at 'BBB'.

Approximately $4.1 billion of debt is affected by Fitch's action,
including the $1 billion revolving credit facility.

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

SOURCE: Fitch Ratings

Fitch Ratings, New York
John M. Witt, CFA, +1-212-908-0673
Nick P. Nilarp, CFA, +1-212-908-0649
Brian Bertsch, +1-212-908-0549 (Media Relations)

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