| To: Daniel G. DeBusschere who wrote (48) | 4/13/1997 11:19:00 PM | | From: Brian Murphy | | | |
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
B. |
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| To: Brian Murphy who wrote (50) | 4/15/1997 2:26:00 AM | | From: Daniel G. DeBusschere | | | | |
This is a good communications outsourcing deal for EDS. It should pay big dividends for future opportunities. An area where EDS can use the references and it appears that this plays to their stong suit - consolidation of comm assets. |
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| To: Daniel G. DeBusschere who wrote (52) | 5/2/1997 4:17:00 PM | | From: Brian Murphy | | | |
Hi Dan,
Sorry it took me so long to reply, but I wanted to be sure I was right.(GGG)
Actually the past couple days have been very nice to EDS. What are we at now, 37.00? I think. I still think there's a possibility to be in the 60 to 70 range by years' end. But that is JMO, and very speculative.
B. |
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| To: Brian Murphy who wrote (53) | 5/2/1997 4:57:00 PM | | From: Daniel G. DeBusschere | | | | |
It's going to take a while before EDS regains its historic credibility with the analysts. However, buyers seem to be in the hunt for a good deal on a world class company. I'm long, have great confidence in the employees and management and I am watching it like a hawk. |
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| To: Brian Murphy who wrote (55) | 12/21/1997 12:09:00 PM | | From: RavBruce | | | |
Is anyone still on this thread?
I wonder if anyone has any comments on the gradual rise
from the lows that EDS has made.
I have held the stock during the fall and am glad to see
it recover.
Any major news or is it just coming back towards a more
reasonable value?
Bruce |
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| To: Wolverine who wrote (58) | 3/21/1998 11:21:00 PM | | From: RavBruce | | | |
I am glad that this stock has finially recovered a bit.
I noticed this story and thought I would bring it to
everyone's attention. I do not know anything about it
or its impact. Anyone have any other info:
09:17 PM ET 03/19/98
Electronic Data Systems unit files IPO
WASHINGTON, March 19 (Reuters) - Unigraphics Solutions Inc.
filed Thursday an initial public offering for an undisclosed
number of class A common stock.
In a filing with the Securities and Exchange Commission,
Unigraphics said some share are being offered initially in the
United States and Canada by U.S. underwriters and some of the
shares are being offered initially outside of those two
countries.
All of the class A shares in the offering are being sold by
the company.
The filing did not disclose an initial public offering
price per class A share.
Underwriters Morgan Stanley Dean Witter; Donaldson, Lufkin
& Jenrette Securities Corp.; Hambrecht & Quist; and J.P. Morgan
& Co. have an over-allotment option on an additional number of
class A common shares.
Unigraphics, a Maryland Heights, Mo., software company,
said it plans to use net proceeds from the offering to repay
outstanding debt.
It has applied to trade the shares on Nasdaq under the
symbol "UGSI."
Prior to the offering Unigraphics is a subsidiary of
Electronic Data Systems Corp.
Upon completion of the offering, EDS will own 100 percent
of the outstanding class B common stock of the company,
representing an undisclosed percentage of the combined voting
power of all classes of voting stock in the company, the filing
said.
As long as EDS beneficially owns a majority of the combined
voting power, it will have the ability to elect all of the
board members of Unigraphics and ultimately to control the
management and affairs of the company, Unigraphics said.
Holders of class A stock generally have rights identical to
those of class B holders except that class A shareholders are
entitled to one vote per share while class B shareholders are
entitled to ten votes per share, the company said.
((Peter Ramjug at SEC newsroom, phone: 202-898-8399 Fax:
202 347-3853, E-Mail washington.equities.newsroom@reuters.com)) |
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