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Tech Industry

Services firms streamline now to cash in later

Services firms are trimming jobs, cutting costs, and selling shares to generate capital they can reinvest in new directions.

 

  roundup 

Services firms are trimming jobs, cutting costs, and selling shares to generate capital they can reinvest in new directions.

"This will free [us] to make the kind of strategic acquisitions that will enable us to provide our clients a broader range of professional services."

- Steven Silber, PricewaterhouseCoopers spokesman

 


PricewaterhouseCoopers cuts 1,000 jobs in e-commerce push
The management consulting firm says it will cut 1,000 administrative and internal support jobs as part of its plan to shift its focus to e-commerce consulting.

EDS stock climbs on increased profit, contracts
The computer services company's shares rise as much as 8.4 percent after it announces improved third-quarter profit and a surge of new contracts and cost-cutting.

AppNet to offer 4 million shares
The e-business solutions company, whose services include interactive marketing, files to offer 4 million common shares.