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ANETECHNOLOGY

HP strikes deal to buy EDS for $12.6 billion

Hewlett-Packard Co. plans to buy former General Motors unit Electronic Data Systems Corp. for $25 per share, the two companies said on Tuesday, or about $12.6 billion to better compete against IBM. The companies said the deal had an enterprise value, which includes debt, of $13.9 billion. [REG]

Bosch: Watch out Japanese!

Five years ago Robert Bosch was hardly thinking about hybrids. Now the German partsmaker expects to be the world's leading supplier of the technology. “We think that the experience we have with powertrain systems and electric and battery management systems will give us the edge over Japanese suppliers in the not-too-distance future,” said Bernd Bohr, CEO of Bosch's automotive division, in an interview with Automotive News Europe. [SUB]

Testing carbon fiber's mettle

Carbon fiber may be best known for its use in golf clubs and jet planes. Yet the silvery black composite is extremely strong and light, and holds great potential as a steel substitute while automakers race to squeeze every extra mile from a gallon of gasoline. [SUB]