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Computer Sciences Corporation Message Board

  • dgalbers dgalbers Aug 30, 2011 1:38 PM Flag

    Quick Look at Possible CSC Suitors

    Having posted on this subject before I will bypass the list of real and imagined suitors and cite a few CSC facts and go directly to possible suitors.

    As of August 30, 2011 . . .
    CSC
    Market Cap: $4.72 B
    Debt: $2.85 B
    Cash: $1.67 B

    Suitors with enough cash on hand (ranked by available cash):
    1. General Electric . $91 B
    2. IBM . . . . . . . . $11 B
    3. Accenture . . . . . $ 5 B
    4. United Technologies $ 5 B
    5. Honeywell . . . . . $ 4 B
    6. Northrop Grumman . $ 4 B
    7. Raytheon . . . . . $ 4 B
    8. Lockheed Martin . . $ 3 B

    My guess would be, in order:
    1. Accenture
    2. GE
    3. Northrop
    4. Raytheon

    May be
    5. IBM
    6. United Technologies (someone told me UTX is not interested. I don't think IBM is either).

    Since a turnaround seems increasingly unlikely and people have been waiting for a takeover forever, I think either a private equity investment (PEI) buyout or breakup are the most likely scenarios.

    I really think Accenture is the top pick because increasingly CSC jobs are off shore and Accenture already has a great number of jobs off shore, so they might have a better sense of how to management such projects.

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CSC
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