Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Monday, 15 August 2011 - Computer Sciences a likely target for breakup |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • Security Council voices concern over Gaza report | 14 May 2009
  • EU lawmakers seek to limit use of data by internet firms | | 9 January 2013
  • Designer McQueen hanged himself in wardrobe | 18 February 2010
  • Justin Bieber leads U.S. pop album chart | | 24 February 2011


    Forum Views () Forum Replies ()

    Read more with google mobile : Computer Sciences a likely target for breakup |

      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Pakistan let China see crashed U.S. "stealth" copter 6:58pm EDT Death toll rises in Indiana State Fair stage collapse | 6:43pm EDT Markets heading to new danger zone: Zoellick 6:53pm EDT Death Toll Up to 5 in Indiana 'Sugarland' Stage Collapse 8:29am EDT Bodies found in California could be missing toddler, father 2:17pm EDT Discussed 206 Obama says he inherited economic problems 198 Appeals court rules against Obama healthcare law 107 Stock index futures tumble on S&P downgrade Watched Taking off for Russia's airshow. Sat, Aug 13 2011 Underwater volcano erupts off Oregon coast Wed, Aug 10 2011 Stage collapse kills four Sat, Aug 13 2011 Computer Sciences a likely target for breakup Tweet Share this Email Print Related News Insight: Wall Street slide sends waves across economy Fri, Aug 5 2011 Kraft announces split, 18 months after Cadbury buy Thu, Aug 4 2011 "State actor" behind slew of cyber attacks Wed, Aug 3 2011 Insight: When ratings agencies judge the world Tue, Aug 2 2011 Special Report: China's shortcut to Wall Street Mon, Aug 1 2011 Analysis & Opinion Historic downgrade: U.S. loses AAA The road to electronic health records is lined with data thieves Related Topics Technology » Deals » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » By Soyoung Kim and Nadia Damouni NEW YORK | Fri Aug 12, 2011 5:41pm EDT NEW YORK (Reuters) - After a series of failed takeover attempts and accounting scandals, Computer Sciences Corp is attracting potential activist investors looking to take advantage of a weak share price to push for a breakup. The $4.5 billion market cap company's shares have dropped 40 percent so far this year to below $30, valuing it at a steep discount to peers. Its government services business faces an uncertain outlook amid prospective cuts in U.S. government spending, dragging down the value of its higher growth Information Technology services. Adding to its problems, Computer Sciences is also caught up in an accounting investigation, shareholder lawsuits and a long dispute with the U.K. National Health Service regarding alleged delays in developing healthcare IT systems. Activist investors are doing the math, evaluating a breakup and other ways to boost Computer Sciences' sagging share price, people familiar with the situation said. But Computer Sciences is aware of the pressure and has been reviewing it options as well, the people added. Representatives for Computer Sciences declined comment. Computer Sciences has been a target of multiple takeover attempts in the past and investors and potential buyers have long bet that separating the Falls Church, Virginia-based company's commercial IT services from its government services could boost value. Its North American Public Sector, which provides outsourcing and consulting services to the Defense Department and other federal agencies, accounts for a little more than a third of its revenues. The rest comes from data-center outsourcing and developing enterprise software applications. Computer Sciences' revenues totaled $16.2 billion in the 12 months ended July 1, 2011. The company trades at about 6 times its earnings. Accenture Public Ltd Co, a close competitor in terms of size, scale and reach, trades at about 17 times earnings, said Morningstar analyst Swami Shanmugasundaram. Shanmugasundaram said the commercial business has a higher growth profile and better margins than the government business, and splitting them up would "definitely" be good for shareholders. "Because of its growth profile and execution issues ... I do expect CSC to trade at a discount (to peers), but this is too much of a discount," he said. CSC PROBLEMS People familiar with Computer Sciences management's thinking said the company believes the two units belong together and it wants to sort out several pending issues before determining its strategic direction. The U.S. Securities and Exchange Commission is in the middle of a probe related to Computer Sciences' accounting errors, which primarily involve accounting irregularities in Europe's Nordic region. The issues could "divert management's focus, result in substantial investigation expenses and have an adverse impact on the firm's reputation and financial condition," Computer Sciences has said in a statement. The U.K. government, meanwhile, is reviewing whether a contract to install next-generation healthcare IT systems in the country should be continued after Computer Sciences allegedly missed deadlines. The company said this week it would likely meet the U.K. health agency in September to discuss the matter. These challenges could prove a hurdle for any activists looking to buy into the company. Activists would also have to wait it out if they launched a campaign either against the board, as all 10 Computer Sciences board members have been just reelected for a full year. The current board members have served long terms, with only four of the directors joining after 2007. FAILED MATCHES Over the last decade or so, private equity firms, big technology companies and prime defense contractors have looked at the company as a takeover target, but its presence in both the commercial and government sectors proved to be a hurdle. In early 2006, Computer Sciences received an offer in the low $60s per share from a consortium of three private equity firms and a large technology company, the sources said. But Chief Executive Van Honeycutt wanted at least $65 per share and rejected the bid, they said. Lockheed Martin Corp was also interested at the time, but was not prepared to buy the entire company and its efforts did not gain traction, these people said. In 1998, Computer Associates -- now known as CA Technologies -- unsuccessfully made a hostile $9.8 billion takeover bid for Computer Sciences. It is unclear if any of these or other potential buyers would still be interested. Hewlett Packard Co bought Computer Sciences competitor EDS for $13.9 billion in 2008, while others such as Dell Inc and Oracle Corp have different priorities for takeovers, sources said. The sheer size of a deal would also be a challenge for private equity firms in the near term, sources said. But if government and commercial businesses were separated in a tax-free spinoff, the two units would attract more buyers, the sources said. "If the company is really going to earn what Wall Street thinks it's going to earn, it is extremely attractive from a value perspective," a source said. "That said, the company needs to reposition strategically and the question is: Can they get there on their own?" (Reporting by Soyoung Kim and Nadia Damouni in New York; additional reporting by Saqib Ahmed in Bangloare; editing by Andre Grenon) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

    Other News on Monday, 15 August 2011
    Edwin Encarnacion drives in winning run in 10th as Blue Jays nip Angels
    Mike Stanton belts 26th homer of season, gives Marlins 1-0 lead vs. Giants
    MLS: Quakes’ woes continue; winless run reaches to 11 games vs. Rapids
    Gaddafi defiant as government said to be talking with rebels |
    UK's Cameron: will mend broken society after riots |
    NHL's Comrie sits while wife celeb wife Hilary Duff gets set to deliver baby
    Back on Utoeya Island, Norway killer describes carnage |
    Pakistan quizzes suspects over abducted American |
    Tank, navy attack on Syria's Latakia kills 26: witnesses |
    Djokovic tops Fish in Rogers Cup; resurging Serena Williams wins second straight tourney
    Egypt's ex-president Mubarak to return to court |
    Morgan lifts Brewers to sweep of Pirates
    Former Ohio State quarterback Pryor awaits decision on entering supplemental draft
    Suicide bombers, gunmen kill 22 in central Afghanistan |
    PGA History: rookie Keegan Bradley gets major win in playoff with Dufner
    Disgruntled Giants defensive end Osi Umenyiora may return to team Monday
    Algerian suicide attack wounds 29 |
    Rains pushes NASCAR Cup race back to Monday
    Pena's two-run blast powers Cubs past Braves; Uggla's hitting streak ends at 33
    Syrian navy boats, tanks shell port city of Latakia, 26 killed
    Pakistan let China see crashed U.S. stealth copter |
    Manila bus hijacking survivors, victims' kin to sue Philippine government
    Libyan rebels, government hold talks in Tunisia: source |
    Security expert warns hackers can attack Android |
    Computer Sciences a likely target for breakup |
    Verizon, union swap labor complaints |
    $25 billion Groupon valuation very high: analyst |
    Sprint ditches 4G model of RIM PlayBook |
    Exclusive: Wal-Mart changes e-commerce leadership |
    Toshiba to narrow varieties of chips: report |
    Apes hangs on to domestic box office lead |
    Hilary Duff pregnant with first child |
    Weddings for View hosts take place days apart |
    Brooke Burke, David Charvet tie the knot |
    Tina Fey gives birth to second child |
    Film producer Jon Peters accused in harassment case |
    Don't Stop Believin: Glee cast will be back |
    Coldplay's new Mylo Xyloto album gets October release |
    Singer Pablo Milanes urges more freedom in Cuba |
    Egypt's ex-president Mubarak to return to court |
    Two bombs kill at least 34 in Iraq's Kut: officials |
    Iran's nuclear partner Russia seeks to revive global talks |
    America’s Cup experience to return to Rhode Island
    Ryan Hunter-Reay wins NH IndyCar race
    Grand coalition floated as Japan eyes new PM |
    In political death zone, Australia PM faces season of protest |
    Primary win boosts chances of Argentina's Fernandez |
    Activist renews anti-graft fast to pressure India government |
    Electronic Arts upbeat about holiday season sales |
    Gold falls, stocks rise as traders take profits
    Syrian tanks shell Latakia, 31 killed in assault |
    Diamondbacks top Mets, but lose pitcher Jason Marquis to injury
    UK's Cameron: will mend broken society after riots |
    Exxon back on top of 10 most valuable U.S. firms
    British boy gets helping hand with bionic arm
    Former fighter turns candidate in Sierra Leone elections |
    Analysis: Medicare, liberals and the lesser of two evils
    Sri Lankans besiege government office over Grease Devils |
    Landslide risk as rains drench eastern districts of Uganda
    Ramadan in Dubai: a month of soaring food waste? |
    Cesc Fabregas' move from Arsenal to Barcelona is official
    Cholera hits crowded Mogadishu refugee camps
    Siblings of autistic children at much greater risk for disorder
    Primary win boosts chances of Argentina's Fernandez |
    eHealth Ontario employees initiate class action suit to hike wages
    Pakistan let China see crashed U.S. stealth copter |
    Google to buy Motorola Mobility for $12.5 billion |
    InterDigital tanks after Google's Motorola Mobility buy |
    Huawei closes in on Ericsson, sees growth in consumer sector |
    Nokia jumps as Motorola Mobility bid rekindles M&A hope |
    BBC America travels beyond Doctor Who for new hits |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01