Booming EDS sees shares slip

NEWS EDS, the world's number two computer services provider after IBM, said Q4 earnings were 70 cents per share, compared with 61 cents the previous year, excluding restructuring and other charges and gains from sales and investments. Chairman and CEO, Dick Brow said: "Our robust, balanced performance demonstrates ability to anticipate and capitalize on changes in the rapid evolving economy." The Dallas-based company also reported all-time high contract signings totaling $15.8bn, up 41 per cent from $11.2bn a year earlier. However on Wednesday, EDS shares closed at $56.90, down $1.65, on the NYSE. EDS is up about two per cent this year but still down 23 per cent from a year ago.