Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (88894)	7/1/2002 10:46:47 AM
From: Softechie	Read Replies (1) of 99280

CSC Computer Sciences pressured by WSJ story ( 45.80 -2.00) Stock being impacted by WSJ article highlighting the complex accounting associated with large outsourcing contracts awarded in sector. Mentioned specifically are IBM (-1.3%), EDS (-3.9%), and CSC (-4.2%). Under GAAP, revenues from such contracts can be accounted for in complicated ways, with revenue booked before it is received and expenses spread out over time, according to the Journal.

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