An Info-Tech Haven Called Outsourcing
The people at Computer Sciences Corp. won't soon forget Mar. 16, 2001. On that day, the technology-services giant missed its first-quarter profit targets by 60%, citing a massive drop-off in demand. That prompted a flurry of analyst downgrades and a sell-off of CSC's shares that wiped out $3.6 billion of market value in one day. But when CSC (CSC ) faced Wall Street analysts in a conference call three days later, it could point to one line of business that remained strong: outsourcing.
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