TWO YEARS AGO, MANY had "written off tech services company Electronic Data Systems Corp. The Piano (Tex.) company had lost top clients because it lacked low-cost offshore capabilities, it faced deep financial trouble, and employee turnover was growing. Some even speculated that EDS might be taken out by an upstart outsourcer from India. But the company restructured, sacked its chief executive, and sold off noncore businesses. Now, instead of the hunted, it has become a hunter. On Apr. 3, EDS offered
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