First Data Corporation. (Lehman Brothers).(investment conclusion)(Brief Article)(Statistical Data Included)

Publication: Buyside

Publication Date: 01-JAN-02

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COPYRIGHT 2002 Adams Business Media

COMPANY DESCRIPTION:

First Data Corporation powers the global economy. Serving nearly 2.6 million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment. With 28,000 employees worldwide, the company provides credit, debit, smart card and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union[R] money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Canada, Japan, Mexico, Spain, the Netherlands, the Middle East and Germany.

INVESTMENT CONCLUSION:

First Data exceeded our third quarter revenue estimates for all three of its major divisions, Payment Services,...

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