- The Washington Times - Monday, March 23, 2009

PALO ALTO, CALIF. (AP) - Hewlett-Packard Co., the world’s largest computer maker, on Monday said it received a $50 million technology contract with Korea’s Shinhan Bank.

HP will finance the sale-leaseback deal with the bank through the HP Financial Services subsidiary. HP said Seoul-based Shinhan Bank had already switched from a mainframe system to HP servers.

Shares of HP rose $1.89, or 6.6 percent, to $30.74 in midday trading.

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