PLANO, Texas, Dec. 4 /CNW/ -- EDS today said its board of directors has
approved a stock repurchase program authorizing the company to buy back up to
$1 billion worth of common stock over the next approximately 18 months.
"This program increases our flexibility in managing our capital and
driving shareholder value," said Ron Rittenmeyer, president and chief
Rittenmeyer also indicated that EDS will continue to deploy capital
through organic investments and strategic acquisitions.
The timing of the share repurchases will depend on various factors
including market conditions and strategic opportunities and may be suspended
or discontinued at any time.
EDS (NYSE: EDS) is a leading global technology services company
delivering business solutions to its clients. EDS founded the information
technology outsourcing industry 45 years ago. Today, EDS delivers a broad
portfolio of information technology and business process outsourcing services
to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries and
to governments around the world. Learn more at eds.com.
The statements in this news release that are not historical statements,
including statements regarding the amount of new contract values, are
forward-looking statements within the meaning of the federal securities laws.
These statements are subject to numerous risks and uncertainties, many of
which are beyond EDS' control, which could cause actual results to differ
materially from such statements. For information concerning these risks and
uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
For further information:
For further information: Media, Bob Brand, +1-972-605-1290,
firstname.lastname@example.org, or Roxane Barry, +1-972-605-6420, email@example.com,
both of EDS Web Site: http://www.eds.com/