Zeev's Turnips - No Politics Message Board

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

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To: Steve Lee who started this subject	7/2/2002 3:27:56 PM
From: Softechie	Read Replies (1) of 99280

EDS (EDS) 29.70 -0.75: Shares have depreciated about 30% since fears related to WCOME exposure first surfaced. While investors' concerns are still plaguing co's progress and today's announcement of lay-offs of 2000 employees is adding fuel to fire, JP Morgan reiterates Buy rating; thinks weakness is overdone. Firm looks for inline or better Q202 earnings with marginal improvement in cash flow; thinks issues related to WCOME are manageable and relatively small.

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