Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Computer Sciences
So what: Second-quarter earnings were strong but sales looked weak, and management slashed full-year earnings and sales guidance based on this quarter's business trends. Blame Uncle Sam: "The Public Sector business continues to be affected by the Federal budget uncertainty."
Now what: The company competes with the likes of IBM
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