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To: tktom who wrote (8082)	7/15/1999 7:37:00 PM
From: tktom	Read Replies (1) \| Respond to of 20297

Just when we win New Zealand, MSFT has to enter the picture.. I think they are following CF's every move.......... biz.yahoo.com EDS Wins Largest-Ever Information Technology Contract in New Zealand Landmark Agreement With Telecom New Zealand Includes Electronic Business Alliance Between Telecom, EDS and Microsoft WELLINGTON, New Zealand, July 15 /PRNewswire/ -- EDS (NYSE: EDS - news) today announced that it has entered into a strategic relationship with Telecom New Zealand (Telecom) that represents the largest information technology (IT) services contract ever signed in New Zealand. The relationship includes a 10-year, US $800 million agreement for EDS to supply all of Telecom's IT services, an equity position by Telecom in EDS' New Zealand subsidiary and an alliance between Telecom, EDS and Microsoft (Nasdaq: MSFT - news) to develop and deliver electronic business solutions to customers. EDS will manage and operate Telecom's company-wide information systems and technology delivery, including its enterprise applications, technical infrastructure and IS assets. EDS also will manage and operate Telecom's billing and customer information systems. The company is offering to employ the approximately 600 staff involved in managing Telecom's current IS requirements. ''The outsourcing agreement will see the information service needs of Telecom met by one of the finest IT companies in the world,'' said Dr. Roderick Deane, Telecom chief executive. As part of this strategic relationship, Telecom intends to take an equity position in EDS New Zealand, subject to completion of due diligence and satisfaction of other conditions. Telecom will have the option of purchasing up to 49 percent of EDS New Zealand over the next four years and will have immediate representation on the board of directors. EDS and Telecom also announced that they will work together with Microsoft to deliver the full spectrum of online and electronic business solutions. ''This alliance with Microsoft will deliver solutions to the government and business markets with a range of service offerings which leverage the electronic business capabilities of the three parties,'' said Steve Smith, managing director of EDS New Zealand. Telecom New Zealand is the principal supplier of telecommunications services in New Zealand. Telecom provides local, national, and international telephone services and a wide range of other telecommunications services including leased circuits, data communications, directories, cellular, paging, mobile radio and Internet services. EDS, a leader in the global information technology services industry for more than 35 years, delivers management consulting, electronic business solutions, and systems and technology expertise to improve the performance of more than 9,000 business and government clients in about 50 countries. EDS reported revenues of $16.9 billion in 1998. The company's stock is traded on the New York Stock Exchange and the London Stock Exchange. Visit EDS via the Internet at eds.com. Contact: Miles Kotay of Electronic Data Systems, 972-605-8392, or email, miles.kotay@eds.com; or Donna Kieboom of Electronic Data Systems New Zealand, 64-4-474-5045, or email, donna.kieboom@eds.com. SOURCE: Electronic Data Systems -------------------------------------------------------------------------------- More Quotes and News: Electronic Data Systems Corp (NYSE:EDS - news) Microsoft Corp (Nasdaq:MSFT - news) Related News Categories: computers, ISDEX, software, telecom