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Computer Sciences Corporation Message Board

  • offshoreplans offshoreplans Dec 27, 2011 10:52 AM Flag

    CSC in NHS massive write off in 3rd quarter

    Looks like the 'Doomsday Scenario' for CSC has arrived after several years of denial by Laphen and Co. No wonder he's on the way out and the sooner the better. The 8K statement says they don't know how much the write off will be but that they have $1.5Bn on the balance sheet. My guess is they will take all the bad news now whilst the stock is in the tank anyways, and clear thge decks for a PE bid or takeover by Accenture or HP. I can imagine the lawyers will be reading the Analyst call transcripts to check every NHS statements by Laphen and Manusco and that a class action is inevitable. So what other bad news is there? Nordics accounting issues, SEC investigations, NHS disaster; anything else?

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