A.T. Kearney Wants to Make Nice
The last 12 months haven't been kind to Electronic Data Systems, the world's No. 2 information-technology-services company. EDS (EDS ) has weathered the bankruptcies of major clients WorldCom and USAirways, a massive third-quarter earnings shortfall, and a probe by the Securities & Exchange Commission that was upgraded in January to a formal investigation. The outfit, which will report its 2002 results on Feb. 6, says its accounting is sound, but spooked investors have pushed EDS stock down to $17.13 a share on Feb. 3, a 75% decline since last March.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.