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

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To: Jolie Renee who wrote (1195)10/29/1998 8:12:00 PM
From: Dave O.  Read Replies (1) of 1841
 
Glad to see EDS finally beat estimates. The attached indicates they might have sold some assets (real estate again?) that may have made the earnings look better than the actual net from operations.

"Excluding a revenue gain on the sale of certain leasing assets of $69 million, or 9 cents per share, the company's third-quarter results nudged ahead of Wall's consensus estimate by 1 cent per share, EDS vice chairman Gary Fernandes said."

I guess the net EPS is 0.35; 0.44 - 0.09 (one time gains). That excludes the $37 million that will keep Alberthal out of the poorhouse.

biz.yahoo.com

Dave
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