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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: J Fieb who wrote (2426)	3/15/2001 8:51:40 AM
From: J Fieb	Read Replies (2) of 4808

EDS sees opportunity out there... PLANO, March 15 (Reuters) - Travel reservations giant Sabre Holdings Corp. (NYSE:TSG - news) said on Thursday it awarded computer services firm EDS Corp. (NYSE:EDS - news) a 10-year service contract valued at $2.2 billion as part of a larger deal between the two companies. The deal also calls for EDS to purchase Sabre's airline infrastructure outsourcing business and internal information technology (IT) infrastructure assets for $670 million, the companies said. Sabre will also retain working capital of $108 million, they said. The two Texas-based companies have also agreed to jointly market IT products and services to the travel and transportation industry, with about 4,200 Sabre employees moving to EDS in connection with the deal. Sabre said it expects the transaction to add to its earnings for the next three years, while EDS said the agreement would be neutral to its earnings per share in 2001, and add to profits thereafter.

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