Computer Sciences says its net profit for the third quarter fell by 20%

Article Abstract:

Computer Sciences Corp. posted a decline of 20% in its net profits for the 2000 third-quarter. The company posted earnings of $65.6 million (69.9 million euros) for the period.

Sales, profits & dividends, Computer Sciences Corp., CSC

EDS plans new cuts to offset outsourcing woes

Article Abstract:

Electronic Data Systems Corp. is planning to carry out additional layoffs and asset divestments in order to offset its outsourcing problems. The company will take up to $745 million in expenses in write-offs.

Financial management, Personnel administration, Planning, Human resource management, Electronic Data Systems Corp., Company personnel management, Company business planning, Company financing

Comdisco to quit mainframe leases and shift focus

Article Abstract:

Comdisco Inc. will carry out a restructuring and withdraw from the mainframe leasing industry. The company announced that it will sell its mainframe leases portfolio. It will also leave a medical-equipment business that will concentrate on leasing and computer services. Comdisco will take a $150 million pretax charge for the second-quarter of 1999. The company post yearly revenues of approximately $3.2 billion.

Comment:

To carry out restructuring and withdraw from the mainframe leasing industry

Management, Abstract, Comdisco Inc., CDO