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Non-Tech : Raptor's Den
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To: sandeep who wrote (3601)9/18/2002 5:35:21 PM
From: The Freep   of 10157
 
Sandeep -- if this is what EDS is saying on their CC, tell me why it should not also impact IBM?

17:17 ET EDS bemoans discretionary spending downturn (EDS) 36.46 -1.30: -- Update -- On call, said economy is having major impact on its results... management concedes that it was more optimistic than it should have been in its ability to fight its way through a tough economy; notes it expected customer discretionary spending to tighten, not virtually stop altogether... EDS -11.76 at 24.70 after hours

the freep
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