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Electronic Data Systems Company

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BUSINESS
September 5, 1990 | TOM FURLONG, TIMES STAFF WRITER
Chicago's billionaire Pritzker family and Electronic Data Systems, the computer services firm now owned by General Motors, said Tuesday that they plan to join forces to buy the parent company of Los Angeles-based Ticor Title Insurance. Though the purchase price was not disclosed, a source close to the sale indicated that it was between $100 million and $125 million.
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BUSINESS
October 21, 1988 | JAMES RISEN, Times Staff Writer
In a ruling that seemed to place Texas billionaire H. Ross Perot's new computer services company in legal limbo, a Virginia court Thursday sharply limited Perot's ability to compete for business with archrival Electronic Data Systems, the company he founded and later sold to General Motors.
BUSINESS
September 5, 1990 | TOM FURLONG, TIMES STAFF WRITER
Chicago's billionaire Pritzker family and Electronic Data Systems, the computer services firm now owned by General Motors, said Tuesday that they plan to join forces to buy the parent company of Los Angeles-based Ticor Title Insurance. Though the purchase price was not disclosed, a source close to the sale indicated that it was between $100 million and $125 million.
BUSINESS
May 22, 1990 | From United Press International
General Motors Corp. announced plans Monday to link its 9,700 U.S. dealers to a satellite system by late 1992 that will replace public telephone lines and form the cornerstone of a futuristic "Buck Rogers" communications network. Called Pulsat, the new system will be the world's largest private satellite network and connect virtually all operations of the giant auto maker.
BUSINESS
April 21, 1988 | Associated Press
GM Hughes Electronics, General Motors' aerospace and electronics subsidiary, reported a 44% increase Wednesday in first-quarter profit. The earnings were $251.9 million, up from $175.2 million in the first quarter of 1987. Revenue at the company, which is made up of Los Angeles-based Hughes Aircraft and Delco Electronics, was unchanged at $2.7 billion. The earnings jump was attributed to sale of part of Hughes' stock holdings in Nippon Avionics Co. and to an accounting change at Delco.
BUSINESS
May 22, 1990 | From United Press International
General Motors Corp. announced plans Monday to link its 9,700 U.S. dealers to a satellite system by late 1992 that will replace public telephone lines and form the cornerstone of a futuristic "Buck Rogers" communications network. Called Pulsat, the new system will be the world's largest private satellite network and connect virtually all operations of the giant auto maker.
BUSINESS
February 22, 1990 | ROBERT E. DALLOS, TIMES STAFF WRITER
Texas Air Corp. said Wednesday that it will sell half of its System One computer reservation system to Electronic Data Systems for $250 million. EDS, a subsidiary of General Motors Corp., said it expects to generate income of $4 billion from the deal. Under a 10-year joint venture, EDS will furnish information technology services to Continental Airlines and Eastern Airlines, both of which are Texas Air subsidiaries.
BUSINESS
July 27, 1989 | From Associated Press
Rising interest costs cut second-quarter earnings at General Motors Corp.'s financing subsidiary, while the auto maker's two other major subsidiaries reported increases for the period, the companies said Wednesday. Sales of communications satellite services pushed earnings to new highs at GM Hughes Electronics Corp. Demand for data-processing services by banks and other customers boosted results at Electronic Data Systems Corp. The parent company's earnings report was expected today.
BUSINESS
April 14, 1989
EDS Wins Round in Court: Electronic Data Systems Corp., a unit of General Motors, said it won a permanent injunction preventing H. Ross Perot, its founder and former chairman, from even thinking of going into business to make a profit until the end of the year. The injunction, issued in Virginia by Fairfax County Circuit Court Judge William Plummer, prevents Perot from engaging in, or even "contemplating," any for-profit business before Dec. 1. EDS said the court also ruled that Perot did not have special rights to hire EDS employees indefinitely as Perot had claimed.
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