We are hitting the bottom in this industry. But it's not as bad as it was two quarters ago.

In our view, this one-time [2006] payment could help EDS reach the range of its earnings guidance.

In order for them to grow earnings 32 percent, historically the company has never been able to do this without acquisitions.

Our sum-of-the-parts analysis gets us to a per-share value close to $60. It's really difficult to get to anything north of $60.

A lot of analysts were skeptical about the feasibility of these numbers.