Tuesday, April 04, 2006

Computer Sciences to consider sale

Andrei Postelnicu and Kate Mackenzie, Financial Times

Computer Sciences, the information-technology services company, said on Tuesday it was considering putting itself up for sale and announced plans to cut just over 6 per cent of its workforce in a bid to streamline operations.

The company said it had hired Goldman Sachs to “explore strategic alternatives to enhance shareholder value, including a potential sale”. It cautioned that “there can be no assurance” that the review would result in a transaction.

This is going to shake things up.

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