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Technology Stocks : EDS(GME) Stock

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To: Daniel G. DeBusschere who wrote (48)4/13/1997 11:19:00 PM
From: Brian Murphy   of 60
 
Friday April 11 4:09 PM EDT

EDS Earns Groundbreaking $600 Million DOE
Telecom Pact

HERNDON, Va., April 11 /PRNewswire/ -- EDS (NYSE: EDS) has been named the apparent winner of a groundbreaking five-year contract to provide streamlined telecommunication integration services for the U.S. Department of Energy nationwide.
The agency valued the contract at $600 million.

The Telecommunications Integrator Services (TELIS) contract marks the first attempt by a federal agency to outsource all of its communications and networking needs.

Under TELIS, the largest information technology contract in agency history, EDS will provide a range of services, from system design and engineering to hardware and software installation and maintenance. The contract includes financial incentives for EDS to exceed performance standards and identify and realize additional savings. EDS' partners include GTE, Lucent Technologies, Inc. and Macfadden & Associates,
Inc.

EDS valued its portion of the contract at about $350 million. The award will be confirmed after determination that EDS and its subcontractors are free of foreign ownership, a routine Department of Energy requirement.

Joe Howard, vice president of sales and marketing for EDS' Government Services unit, said: "TELIS is a win-win deal for both DOE and the American taxpayer because of the savings potential from combining 50 existing telecom contracts into one."

EDS' Government Services Group, based in Herndon, employs more than 4,000 people in the Washington, D.C., metropolitan area.

EDS is a leader in the global information services industry. The company's approximately 100,000 employees specialize in applying a range of ideas and technologies to help business and government customers improve their economics, products, services and customer relationships. EDS, which serves customers in 42 countries, reported revenues of $14.4 billion in 1996. The company is independent and publicly owned, and its stock is traded on the New York Stock Exchange and the
London Stock Exchange. EDS can be visited via the Internet at eds.com.
SOURCE EDS

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