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To: Frederick Langford who wrote (1618)	9/18/2002 5:47:53 PM
From: canmar	Respond to of 1854

I'm sure everyone's heard this one, but just in case..........doesn't look too good for techs: 16:11 ET EDS warns for Q3 (EDS) 36.46 -1.30: -- Update -- Says it expects revenues and earnings for its third quarter "to be lower than previous company guidance" -- sees earnings in the range of $0.12-$0.15 per share vs the current Multex consensus estimate of $0.74 per share; sees revs of $5.3-$5.5 bln vs the current Multex consensus estimate of $5.7 bln. Note that several of the items cited for the warning appear to be one-time charges 16:42 ET EDS resumes trading (EDS) 36.46 -1.30: -- Update -- Stock getting hammered on its deep earnings warning -- EDS -8.96 vs the 4 pm ET close to 27.50 17:17 ET EDS bemoans discretionary spending downturn (EDS) 36.46 -1.30: -- Update -- On call, said economy is having major impact on its results... management concedes that it was more optimistic than it should have been in its ability to fight its way through a tough economy; notes it expected customer discretionary spending to tighten, not virtually stop altogether... EDS -11.76 at 24.70 after hours 17:41 ET EDS says long-term debt rating downgrades possible (EDS) 36.46 -1.30: -- Update -- On call, said its possible the debt ratings agencies could downgrade long-term debt ratings... stresses that it remains confident it will continue to have complete access to capital markets and that there are no material triggers in the event of ratings downgrades... EDS -12.48 at 23.98