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Technology Stocks : EDS - Recent pullback a buy opportunity??? -- Ignore unavailable to you. Want to Upgrade?

To: Daniel G. DeBusschere who wrote (1141)	8/25/1998 4:49:00 PM
From: Dave O.	Read Replies (1) \| Respond to of 1841

From this weeks Information Week: EDS is spinning the upcoming departure of CEO Les Alberthal after 30 years at the company as a retirement rather than a resignation, although at 54, he's a little young to retire. Also, EDS just hired an executive search firm to find a successor. With the guy planning to retire, you'd think EDS would've had lots of time to pick a firm and start the search before the announcement. Anyway, the short list for Alberthal's replacement so far includes Oracle president Ray Lane, who was courted for the top spot at Apple after Gil Amelio departed--I mean, retired. Some good points above that make one again question EDS' credibility. Les didn't decide to "retire" overnight. Maybe CALPERS pressure was part of it. Maybe institutional investors applied some heat. The bottom line is that EDS could in no way, shape or form justify paying him $35 million if he were being displaced for any reason other than retirement. I wonder how many other EDS'ers are being offered such lucrative early retirement packages. And if Les wants to spend more time with "family" as the initial press release indicated, then why is he being given a 5 year consulting contract? I just hope they get someone who can truly lead the company back to some kind of respectability before CSC and IBM make any further inroads. Dave