Table 1		EDS - Financial Results & Forecast								Feb-05
				(Fiscal year end: Dec 31)
Scenario 1:			2005e	% of	Change	2004	% of	Change	2003	% of
Stemming revenue erosion			($ Mill)	Rev	05/04	($ Mill)	Rev	04/03	($ Mill)	Rev
Revenue						(restated)			(restated)
Non-GM			$18,230	91.2%	-2.3%	$18,661	90.5%	1.6%	$18,372	89.3%
GM			$1,766	8.8%	-10.0%	$1,962	9.5%	-10.7%	$2,198	10.7%
Total Revenue			$20,000	100.0%	-3.0%	$20,623	100.0%	0.3%	$20,570	100.0%
Gross Profit/Margin			$1,468	7.3%	-14.3%	$1,713	8.3%	12.8%	$1,519	7.4%
Oper. Profit (Loss)			($96)	-0.5%	-10.7%	($108)	-0.5%	-61.0%	($277)	-1.3%
Interest Expense/Income, Net*			$280	1.4%		$280	1.4%		$266	1.3%
Income(Loss) B. Tax			($376)	-1.9%	-3.0%	($388)	-1.9%	-28.5%	($543)	-2.6%
Income Tax			($100)	-0.5%	7.5%	($93)	-0.5%	-50.0%	($186)	-0.9%
" Rate			26.6%			24.0%			34.3%
Income from disco'd operations						$453			$91
Accounting change charge									($1,432)
Net Income (Loss)			($276)	-1.4%	-275.0%	$158	0.8%	-109.3%	($1,698)	-8.3%
Earnings (Loss) per share (basic)			($0.55)		-275.0%	$0.32		-108.9%	($3.55)
				Source: Annex Research