Stock Watch: News of Strong Quarter Boosts EDS

Electronic Data Systems Corp. (NYSE: EDS) was up 1/16 to 69 Tuesday after the Plano, Texas-based technology company said it signed more than 300 Internet contracts during the first quarter, worth a total of nearly $500 million over the next three years.

EDS also said it now provides end-to-end service for e-tailers, and is developing “super portals” for “several high-profile e-businesses.” For example, the company is working with GroceryWorks.com, an online grocer, to develop the so-called “super portal,” which will allow personalized services for customers and business partners.

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