Electronic Data Lands ABN Amro Contract
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Electronic Data Systems Corp. won a five-year, $1.3-billion contract from ABN Amro Holding to manage computer networks for the Dutch bank’s corporate- and investment-banking division.
The agreement comes 12 days after EDS, the world’s second-biggest computer-services company, announced a 10-year, $4.5-billion order from Bank of America Corp. The new contracts eased concern among some investors that EDS may be unable to vie for big orders.
Shares of Plano, Texas-based EDS rose 28 cents to $18.48, and ABN Amro fell 9 cents to 15.71, both on the New York Stock Exchange.
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