posted
BE at 1.43--jmho--bottom--215 million out,36 million short,466 million in cash, and 3.46 billion in revenue-
Posts: 2676 | Registered: Feb 2005
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posted
nyse BE--huge news just out-Hi, bobky_2001bobky_2001Account
Press Release Source: BearingPoint, Inc.
BearingPoint Awarded Five-Year Department of Defense Logistics, Maintenance and Supply Support Contract Valued Up to $255 Million Wednesday June 4, 9:37 am ET
MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE:BE - News), one of the world’s largest management and technology consulting firms, announced today that the Army Contracting Agency (ACA) has awarded the firm an Indefinite Delivery, Indefinite Quantity contract for Logistics, Maintenance, and Supply Support (LMSS) functions and associated technologies throughout the Department of Defense (DoD). The first-year value for the award is up to $48.2 million, with a total potential value over five years of $255 million. Issued by the ACA’s Contracting Center of Excellence, the LMSS contract will be managed by the Naval Air Systems Command’s Joint DoD Maintenance Resource Planning Program Office, and task orders awarded under the contract will support various agencies throughout the DoD. Some of the full lifecycle of services and solutions BearingPoint can offer through this contract include:
Acquisition and Program Management Strategic Business Planning System Engineering Business Transformation Services, including Lean Six Sigma Risk management consulting and solutions Specialized government and commercial off-the-shelf application design, development, deployment, sustainment, and shutdown. “BearingPoint has extensive experience working with the military, and is in an excellent position to leverage this experience to assist DoD organizations with logistics, maintenance, and supply functions,” said Mark Goulart, senior vice president of BearingPoint’s Defense practice. “These types of services can allow organizations to become more agile and integrated, and provide increased value and service to the warfighter. BearingPoint is pleased to have been selected for this contract, and we look forward to competing for LMSS task orders.”
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE - News) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Some of the statements in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: BearingPoint, Inc. Steve Lunceford Director Global Communications 703-747-4545 steve.lunceford*bearingpoint.com
-------------------------------------------------------------------------------- Source: BearingPoint, Inc.
Posts: 2676 | Registered: Feb 2005
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posted
`I think we move .05 to .10 up again today on the huge news yesterday. and some of the 35 million shorts will start to cover--G/L
Posts: 2676 | Registered: Feb 2005
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quote:Originally posted by xHoRiZoNx33: Thanks Eddy. Got in yesterday. What do you think about the CFO resignation?
I'm thinking if I should go long with this one?
not sure what to think of it---the cfo was there just 1 month I think. maybe the new cfo and existing management just rub each other wrong? and they got pissed? what are your thoughts?
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posted
about the cfo--jmo--nothing bad or she would not have agrred to do this----------------------------------Ethell will remain at the company until July 31 and has indicated she is willing to consider staying on contract basis after that date to help transition a new CFO.
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posted
going after the big fish . from the press today------------- Earlier this year, the U.S. government pledged to increase total African assistance to $8.7 billion by 2010, double the level of assistance in 2004. From programs to help curb the spread of AIDS and malaria (PEDFAR and PMI), to economic growth programs and the creation of a new Department of Defense command (AFRICOM), the United States is involved in a mix of projects that bridge health care, defense, and development programs - three key areas wher
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