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To: D. Plen who wrote (161976)	10/10/2000 3:20:24 PM
From: Dorine Essey	Respond to of 176387

Hi Don, Haven't been here for a while. It's been too depressing and I want to have a HAPPY mind. I will check out that EDS deal. Dorine

To: D. Plen who wrote (161976)	10/10/2000 3:27:26 PM
From: Dorine Essey	Respond to of 176387

Don, Here it is: Read towards the bottom: DJ EDS CEO: Co. 'Quietly Confident' Of Navy Pact Win 10 Oct 14:49 NEW YORK (Dow Jones)--Receiving a U.S. Navy contract valued at more than $7 billion was no surprise to Electronic Data Systems Corp. (EDS) Chief Executive Richard Brown, he told CNBC Tuesday. "We were quietly confident. We knew we had an outstanding technological solution to the Navy and Marine Corps needs...We thought we had it all," Brown said. "We knew it would be tightly competed because it's the biggest I.T. contract in the history of the federal government. So we competed with the best and we won." And win it did. EDS stock jumped as much as 16% Monday following the news Friday that it beat out Computer Sciences Corp. (CSC), General Dynamics Corp. (GD) and International Business Machines Corp. (IBM) for a contract to install Intranet services for the Navy and Marine Corps. Brown said the deal involves an "enormous contract" that is worth anywhere from $6 billion to $16 billion. The five-year contract is renewable. It was unclear to many on Wall Street how much revenue EDS would actually see from the deal, though. But Brown said he wanted to make it clear that the deal will be of great benefit to his company. "All the revenue will come into EDS," he said. "We will deploy about 40% of the work with minority and small business partners. But all of the revenue comes into us and we'll subcontract with others for parts of that business." Dell Computer Corp. (DELL) will supply 360,000 desktops to run EDS's Intranet. . WorldCom Inc. (WCOM) will provide the network connectivity. The contract will not interfere with Brown's promise to restore operating argins of 10% by the end of the year, he said. "Now this is an enormous deal and I've heard people say, 'Well margins get shrunken when deals are bigger,"' Brown said. "This deal is completely consistent with achieving our goals of attaining 10% operating margins." Brown also ensured that no one will lose a job because ofthe contract. "If here are any jobs that are displaced with this EDS contract for the Navy, we would agree to hire those people into EDS and give them employment for at least a three year period," Brown said. -Hollister H. Hovey; Dow Jones Newswires; 201-938-2007; hollister.hovey@dowjones.com (END) DOW JONES NEWS 10-10-00 02:49 PM is.