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17 Dec 2003
The Times reported today that sources close to the deal expect some key senior technologists that are responsible for the tax and national insurance systems to exercise their rights to stay at EDS.
EDS is reported to be offering key employees lucrative promotions in order to retain their employees.
Meanwhile in a further blow to the French IT services giant, CGE&Y last night issued a profits warning.
'Based on preliminary indications on the Group's activity at the end of November, the fourth quarter revenue should be below the guidance provided by management on October 20th; however, it should show a slight growth compared to the third quarter,' a statement said.
'Consequently, the operating profit for the second half-year should reach 2% to 3% of revenue. The Group will disclose 2003 full year results on February 26.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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