SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : EDS - Recent pullback a buy opportunity???
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brandon Buttons who wrote (1685)2/8/2001 1:38:56 PM
From: Daniel G. DeBusschere  Read Replies (1) of 1841
 
Hello out there - EDS business model getting some recognition after yesterday's earnings report-
**********
comments from CSFB:
The quarter got rave reviews from CS First Boston and the firm raised its EDS rating to "strong buy" from "buy" on Thursday. The brokerage revenue and earnings were "well ahead of our expectations." And it noted that EDS' contract signings were beginning to be reflected in the revenue stream.
It said that the macro environment fits EDS' business model and that the company's fundamentals were "clearly improving." The firm raised its revenue, earnings-per-share and price target on the stock.
***********
comments from Myrna Vance EDS Investor Relations:
"One of the great benefits we have at EDS is we're solid whether the economy goes up or goes down," Vance said. "In the bad times, customers are looking for ways to cut costs and to increase productivity. In the good times, they buy from us to grow their business faster or to improve customer satisfaction."
*****************
EDS enters 2001 with a backlog of close to $80 billion in signed business. That's four times the current annual revenue run rate. John Chambers would kill to get this kind of revenue assurance in these economic times. The EDS business model works in good and bad times - even IBM recognizes this.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News