Affiliated Computer Services, Inc. (ACS) reported pro forma earnings of 95 cents per share, an increase of 6 cents per share from the same quarter a year ago and beating the Zacks Consensus Estimate by a penny. Total revenue increased 5% to $1.68 billion from the year-ago quarter, including internal revenue growth of 2%. The increase in revenue was driven by strength in both the Commercial and Government segments. The Commercial segment contributed 61% of revenues and grew 6% year over year, with internal growth of 2%. The Government segment contributed 39% of revenues and grew 2%, all of which were from internal growth. Adjusted non-GAAP operating income was $162 million or 9.7% of total revenue in the quarter compared to $178 million or 11.1% of total revenue in the year-ago period. Operating income was negatively affected by deferred compensation costs of approximately $9 million ...

With the United States market still in slump, businesses project difficulties in profit increase in the next 7 years. Job cuts continue in the US and the rate of job creation of 25 per year is not sufficient to offset job losses in the next 5 years. On the other side of the world, Indian outsourcing firms show an opposite trend. Global IT service providers such as Infosys which provides technical consulting, design and development of business solutions have been aggressively increasing their workforce. Last week, the company reported that in the second quarter it has hired 6,069 people offsetting the 4,521 employees it laid off in the same quarter. Tata Consultancy Service is also bullishly hiring with plans of hiring 25,000 people worldwide for this year 2009 and 90%

...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Monday September 28, 2009

DrStockPick.com Stock Report!

XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN

**************************************************************

XRX, Xerox Corp.

XRX engages in the development, manufacture, marketing, servicing, and financing of document equipment, software, solutions, and services worldwide.

XRX said Monday it will buy Affiliated Computer Services Inc. for $6.4 billion in cash and stock to create a $22 billion business that combines XRX’s copiers, printers and document management services with the “business process outsourcing” of Dallas-based ACS., joining the expensive race among technology companies to broaden their offerings.

**************************************************************

PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in

...

U.S. stocks jumped on Monday as more merger and acquisition activity in the last days of the third quarter encouraged investors following three sessions of losses.

Xerox Corp will buy Affiliated Computer Services Inc for $6.4 billion in a cash-and-stock deal that expands the copier company into technology outsourcing and data management.

Xerox shares fell 13.4 percent to $7.77 while ACS shot up 16.7 percent to $55.06.

Abbott Laboratories said it would buy the drugs unit of Solvay in a $6.6 billion deal, giving Abbott full control of its Belgian development partner’s cholesterol treatments and exposure to emerging markets.

Abbott stock rose 3.7 percent to $49.11.

“Deal announcements are helping the market off to a good start, especially as we had a bit of selling off last week,” said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

“People were waiting for a time to get in, and now, they have it.”

With Monday’s gains, the Dow Jones

...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Monday September 28, 2009

DrStockPick.com Stock Report!

**************************************************************

Xerox Corporation (NYSE: XRX) and Affiliated Computer Services, Inc. (NYSE: ACS) today announced a definitive agreement for Xerox to acquire ACS in a cash and stock transaction valued at $63.11 per share or $6.4 billion as of the closing price of Xerox stock on Sept. 25. This acquisition will transform Xerox into the leading global enterprise for document and business process management, and will accelerate its growth in an expanding market.

Cover-All Technologies Inc. (OTC Bulletin Board: COVR),

...

Novell, Inc. (NOVL), a leading technology software company reported mixed third quarter results with revenue slightly below expectations and adjusted EPS marginally over. Revenue of $216.1 million in the quarter decreased 11.9% from the year-ago period and was 0.9% below the Zacks Consensus estimate. Adjusted EPS of 7 cents reported in the quarter did manage to edge out the Zacks Consensus Estimate by 1 cent. EPS increased 40.0% from the 5 cents reported in the year-ago period due to cost-cutting efforts. As a result of lower operating expenses, which fell 20.0% year over year, non-GAAP operating margin improved to 15.3% in the quarter from 9.9% in the year-ago quarter.   Revenue declined due to a sharp drop in software license revenue, which fell 49.0% year over year as sales of identity and security management and systems and resource management software each declined in the quarter. Services ...

DrStockPick.com Stock Report!

Monday July 27, 2009

**************************************************************

Evercore Partners Inc. (NYSE: EVR) announced today that Mark H. Burton has agreed to join the firm’s Advisory business as a Senior Managing Director. Mr. Burton, who will be based in New York, comes to Evercore from Barclays Capital, where he was most recently a Vice Chairman and a senior member of the Financial Institutions Group. Prior to the acquisition of the U.S. operations of Lehman Brothers, Mr. Burton was a Vice Chairman at Lehman, and was a member of the firm’s Strategic Committee, Senior Client Council and Business Development Committee. At Evercore, as with Barclays and with Lehman, Mr. Burton will provide senior-level counsel to

...

PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Monday July 20, 2009

**************************************************************

Affiliated Computer Services, Inc. (NYSE: ACS) today announced a five-year, $10 million information technology (IT) contract to extend its relationship with Rehabilitation Hospital of the Pacific.

Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, video, and Internet connectivity applications, plans to release its third fiscal quarter 2009 results on Thursday, July 30, 2009. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m.

...

Integrys Energy Group, Inc. (NYSE: TEG) today announced that its nonregulated energy subsidiary, Integrys Energy Services Inc., has signed an agreement to sell its energy consulting business to Minneapolis-based U.S. Energy Services, Inc. for an undisclosed sum.

Affiliated Computer Services, Inc. (NYSE: ACS) today announced a five-year, $10 million information technology (IT) contract to extend its relationship with Rehabilitation Hospital of the Pacific.

American Reprographics Company (NYSE: ARP), the nation’s leading provider of reprographics services and technology, today announced the acquisition of the assets of Shanghai Light Business Machines Co., Ltd., a provider of document reproduction equipment, supplies and reprographics services to the Shanghai business community by Shanghai UNIS Printing Technology Co., Ltd., a wholly owned subsidiary of UNIS Document Solutions Co., Ltd. (”UDS”), its joint venture in China.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or

...