EDS

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EDS

EDS

(Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. It is the leading services provider to the healthcare, insurance and banking industries. In 1984, EDS was acquired by General Motors. Within a couple of years, Perot left EDS and later formed Perot Systems Corporation. In 1996, GM spun off EDS as an independent company.

EDS is known for huge contracts. For example, in 1994, Xerox contracted with it for 10 years worth of outsourcing valued at more than three billion dollars. In 2008, EDS was acquired by Hewlett-Packard (see HP).
References in periodicals archive ?
Electronic Data Systems Corporation company profile provides the following corporate data where available:-
NEW YORK, June 6 /PRNewswire/ -- General Motors (NYSE: GM) today said that it would continue to consider a proposal to spin-off its wholly owned subsidiary, Electronic Data Systems (EDS) Corp.
is maintaining its credit rating of Electronic Data Systems while monitoring the possibilities of its spin-off from parent General Motors Corp.
NYSE:CSC) or Electronic Data Systems (NYSE:EDS) - these behemoths all might want to buy a company like CACI, which is much smaller than any of them.
NEW YORK, May 16 /PRNewswire/ -- Electronic Data Systems Corp.
CINCINNATI -- Among the stocks featured in the July 29 edition of Schaeffer's S&P 500 Index Hot Stocks are Wendy's International (NYSE:WEN), KLA-Tencor (NASDAQ:KLAC), Symantec (NASDAQ:SYMC), Eastman Chemical (NYSE:EMN), and Electronic Data Systems (NYSE:EDS).
NASDAQ:SINA), Exxon Mobil (NYSE:XOM), Brink's (NYSE:BCO), Electronic Data Systems (NYSE:EDS), and OSI Pharmaceuticals (NASDAQ:OSIP).

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