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AccessMyLibrary    Browse    T    The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)    FEB-05    EDS tells analysts cash flow will more than triple by 2007.

EDS tells analysts cash flow will more than triple by 2007.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

Publication Date: 23-FEB-05
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COPYRIGHT 2005 The Dallas Morning News

Byline: Crayton Harrison

Feb. 23--NEW YORK -- In 2007, Electronic Data Systems Corp. will be a healthy, vibrant company again, according to figures shown to Wall Street analysts Tuesday.

The projections envision a company generating more than $1 billion in free cash flow per year, with contract bookings of more than $20 billion. Last year, EDS had free cash flow of $300 million and bookings of $16.5 billion.

"Our goal is to regain our marketplace momentum," chief executive Michael H. Jordan said at a meeting with analysts at the Pierre Hotel near Central Park.

Whether that future will take hold depends on how well Plano-based EDS follows its own plan. The company must also avoid a big letdown from...

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