EDS(GME) Stock Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EDS(GME) Stock

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stanley karp who wrote (13)	10/28/1996 2:02:00 AM
From: Dave O.	of 60

Stan, Just pulled up Lombard graph. EDS began trading as "EDS" in June 1996. Before that it was traded as "GME", a wholly owned subsidiary of General Motors. EDS sold in 54-58 range throughout March 1996. Right now, at 46 1/8 it's probably at or near a 52 week low. Selloff was due to mention of a "soft" 4th quarter. 3rd quarter earnings came in right at what was expected. I'm not recommending anyone buy. Everyone needs to do their homework. EDS Vice Chairman was very upbeat (on CNBC last Wedmesday) about the future starting with 1st quarter 1997. He claimed 4th quarter is a "bubble" and he was "puzzled" by the selloff. Stock gave back about 20% in the past couple days. May be dead money for a while but I think outsourcing will continue to grow. EDS, CSC and IBM's ISSC group are probably the three biggest players. Hope this helps some. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next