THE WALL STREET JOURNAL: EDS Posts 62% Profit Drop, But Its New Bookings Surge
By JIM CARLTON
April 25, 2008
Electronic Data Systems Corp. said first-quarter earnings fell 62%, yet bookings jumped for the technology-services giant amid a rush of business in a down economy.
EDS appeared to benefit from a tendency of companies seeking greater efficiency in tough economic times by outsourcing some or all of their technology operations. The Plano, Texas, company said it had signed $5.6 billion in contracts in the quarter — up 66% from the same time last year — including a dozen deals of more than $100 million each. Two of the wins were billion-dollar orders from energy giant Royal Dutch Shell PLC and Singapore’s government.
“The bad economy plays to our advantage,” Ronald Rittenmeyer, chairman, president and chief executive, said in an interview.
EDS shares jumped $1.48, or 8% to $19.91 as of 4 p.m. in New York Stock Exchange composite trading.
Excluding a one-time gain of $100 million for part of a contract termination in the year-earlier quarter, net income was only slightly less than results from the period a year earlier. Both profit and revenue topped analysts’ expectations, according to a Thomson Reuters survey.
Write to Jim Carlton at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
