EDS - Recent pullback a buy opportunity??? Message Board

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Technology Stocks : EDS - Recent pullback a buy opportunity???

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To: Uncle Mikey who started this subject	9/24/2002 12:54:55 PM
From: TH	Read Replies (2) of 1841

"FOR RELEASE: Tuesday, September 24, 2002 EDS Responds to Investment Community Downgrade PLANO, Texas -- EDS today responded to an investment community downgrade by emphasizing its financial position remains strong. It reiterated its recent guidance concerning earnings and free cash flow for the remainder of the year. The company said: Its balance sheet and financial condition more than adequately provide for it to serve current clients and aggressively pursue new business, including mega deals. EDS has no liquidity issues. EDS maintains its solid investment grade debt rating and does not anticipate significant change in its rating. Its revised third quarter guidance reflects provisions for all known contract issues. Recent settlement of prior hedging transactions for its employee stock option benefit plans has no impact on earnings. It noted it closed out its position in these obligations through the issuance of commercial paper to fulfill the terms of the underlying contracts. The company has not been notified of, nor is it aware of, any SEC investigation. “We believe today’s announcement, along with our previous communications, underscores EDS’ overall financial strength,” said Chairman and CEO Dick Brown. " eds.com

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