Financial Accounting Blog

Thursday, October 16, 2003 reports that EDS is considering offering part of its subsidiary in an IPO. This offering would be to finance other businees interests of EDS. The intent is to increase cash flows.
"EDS said it would consider selling off a minority stake of its Product Lifecycle Management (PLM) Solutions Subsidiary either through an initial public offering or privately negotiated transaction as a strategic alternative to help the Plano, Tex.-based IT services giant back on its feet"