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To: Lizzie Tudor who wrote (147817)	9/19/2002 2:15:29 PM
From: Sultan	Read Replies (1) \| Respond to of 164684

<OT> EDS and the likes of PER and other smaller players like GIB KEA SYNT etc. are in basically two lines of business.. They run outsourced IT operations for companies and they are in new systems (whether it is custom developed or customized applications) development/implementation business.. all of them are manpower intensive and pretty hard business to be in.. If you fix bid your projects and if you miscalculate, you are screwed.. If you have customers who are not spending money or authorizing new projects, you are screwed with all those high priced consultants waiting to do something.. Not a pretty picture.. Looks like most companies are coasting on maintenance and minimum new dollar in terms of new projects.. One would have to wait and see if smaller players are doing better.. FWIW.. This is only applicable to consulting sector.. No idea where the likes of BEAS or BI companies may be.. Although most of them are not behaving all that well..

To: Lizzie Tudor who wrote (147817)	9/19/2002 10:09:53 PM
From: Victor Lazlo	Respond to of 164684

re EDS "Given the fact that not too long ago, from the company's commentary, everything was supposed to be OK, I don't think you can have a ton of confidence that everything's out there," said Marty Shagrin, an analyst with Victory Capital Management, which has $75 billion in assets under management. EDS shocked the stock market on Wednesday evening when it said a chronic slowdown in customer technology spending plus a lack of new contracts would cause it to slash more than 60 cents from its third-quarter profit target of 74 cents. It also said it would generate far less cash than expected. "We are worried that these pressures are likely to persist throughout 2003 and that EDS will end up adjusting its cost structure too late," agreed Lehman Brothers analyst Karl Keirstead. "It may also take time for the EDS management team to restore confidence given the string of issues revealed." biz.yahoo.com ( but IBM is fine !! LOL !! )