My spin: Very insightful, and revealing informationa bout what large, multi-million (billion) dollar contracts really equal.
News Clip: Companies like IBM, Hewlett-Packard and Electronic Data Systems love to trumpet computer services contracts worth hundreds of millions or even billions of dollars.
But what’s hiding behind the big numbers are the costs involved in following through on those megadeals–costs that can be substantial.
IBM, for example, recently boasted of a $1.1 billion, 10-year information technology services contract with Swiss power and automation technologies company ABB.
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