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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| July 02, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TECHNOLOGY

EDS falling on WorldCom woes

Electronic Data Systems dived 6.70, or 18%, to 30.45, its lowest close since Oct. '97. It said client WorldCom's woes will hurt profit by 4 cents a share in Q3 and Q4. The Navy won't order more workstations from the tech services firm until those already on order have more tests. And EDS ended talks with Procter & Gamble on managing computers and back-office ops in a $10 bil outsourcing deal. EDS has fallen 35% in four sessions.

Global chip sales up 2.8% in May

They rose to $11.4 bil, due to strong demand for chips in cell phones and consumer electronics, an industry group said. Computer chip sales remain weak. The bulk of May's gain came from Asia. Year over year, chip sales fell 10.5%. But that's better than in April, when they fell 19%. SIA expects a 2nd-half pickup, with bigger gains in ...

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