I started with EDS and was part of the HP purchase. I loved EDS, but HP did a better job of management and internally taking care of employees. Both companies provided good benefits and working environments. While I was there work from home was their culture, but soon after I moved on they changed that and mandated coming into the office daily. I can work in either situation, but prefer working from home and actually do better that way.
Either way, I would highly recommend HP as an employer.
Company cutbacks and an uncertain overall technology positioning.