EDS - Vinsten minskar, sparkar 5.500, aktien stiger

Newswire

(recasts first paragraph, adds details throughout) By Siobhan Kennedy NEW YORK, Oct 30 (Reuters) - Battered computer services provider Electronic Data Systems Corp. on Wednesday said quarterly earnings fell sharply amid a chronic slowdown in spending and said it would it cut its work force by up to 4 percent, or about 5,500 jobs. But shares of the world's No. 2 services company jumped nearly 15 percent in after hours trading as investors breathed a sigh of relief that there were no ...

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