Since the stock price reached $28.50 in July, things have been miserable for EDS
Its third-quarter revenue increased 6% to $5.63 billion, and profits rose 75% to $225 million, or $0.42 per share. EDS announced a $550 million contract with Continental Airlines
The loss of the Verizon
To try to improve that, EDS is trying to grow its applications consulting business. It has expanded its alliance with SAP
The tough competitive environment, coupled with a weak outlook and low earnings growth, makes a comeback appear to be far off -- and the stock price is likely to remain in a funk.
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