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	2/6/2003 4:47:22 PM
From: Mr. Sunshine	of 1841

biz.yahoo.com EDS Profit, Revenues Decline Thursday February 6, 4:12 pm ET PLANO, Texas (Reuters) - Embattled computer services provider Electronic Data Systems Corp (NYSE:EDS - News) on Thursday said its quarterly earnings fell, hit by a prolonged slowdown in corporate technology spending and the bankruptcy of United Airlines (OTC BB:UAWGQ.OB - News). ADVERTISEMENT EDS, the No. 2 services company behind International Business Machines Corp. (NYSE:IBM - News), said fourth-quarter profit fell to $360 million, or 75 cents a share, from $405 million, or 82 cents a share, a year earlier. The company's latest fourth quarter included a loss of 6 cents per share related to the bankruptcy of United Airlines and a gain of 6 cents for the reversal of a previously announced provision for the bankruptcy of telecommunications giant WorldCom Inc. (Other OTC:WCOEQ.PK - News). EDS, which is the subject of an informal Securities and Exchange Commission inquiry into its third quarter 2002 profit warning and a stock hedging strategy that went awry, said fourth-quarter revenue fell to $5.5 billion from $5.8 billion the year before.

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