CSI Declares 2-for-1 Stock Split
2010-03-19 04:14:52
Quote: PADUCAH, Ky., March 18 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a two-for-one stock split effected in the form of a stock dividend.  The stock dividend is payable April 30, 2010, to shareholders of record as of the close of business on March 29, 2010.  Shareholders will receive two shares for every share held.  As a result of the stock split, the total number of outstanding shares will increase to appro...
Read articleComputer Services Inc. announces stock split
2010-03-19 04:14:51
Quote: The board of directors of Computer Services Inc. has approved a two-for-one stock split.Shareholders of record as of the close of business on March 29 will receive two shares of Computer Services Inc. (Pink Sheets: CSVI) for every share held. The dividend is payable April 30, according to a news release.As a result of the split, the company will have a total of about 14.6 million shares outstanding.Computer Services Inc. shares opened Thursday at $37 per share.Paducah, Ky.-based Computer Service...
Read articleCSI Board Declares Cash Dividend
2010-03-08 02:31:10
Quote: PADUCAH, Ky., March 3 /PRNewswire-FirstCall/ -- Computer Services, Inc.
(CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly
cash dividend of $0.19 per share payable on March 31, 2010, to shareholders of
record as of the close of business on March 16, 2010.The dividend amount
represents an indicated annual dividend rate of $0.76 per share.http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )"The $0.19 per share cash dividend represents an 11.8% increase from the
$0.17 ...
Read articleCSI Board Declares Cash Dividend
2010-03-04 02:40:24
Quote: PADUCAH, Ky., March 3 /PRNewswire-FirstCall/ -- Computer Services, Inc.
(CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly
cash dividend of $0.19 per share payable on March 31, 2010, to shareholders of
record as of the close of business on March 16, 2010.The dividend amount
represents an indicated annual dividend rate of $0.76 per share.http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )"The $0.19 per share cash dividend represents an 11.8% increase from the
$0.17 ...
Read articleAffiliated Computer posts higher 2Q profit
2010-02-26 03:34:14
Quote: DALLAS (AP) -- Information technology and outsourcing company Affiliated Computer Services Inc. said Thursday its fiscal second-quarter profit and sales grew as it added new business and renewed contracts.ACS, which agreed to be acquired by Xerox Corp. last fall for about $6 billion in cash and stock, posted a profit of $96 million or 97 cents per share, up 27 percent from $75.5 million, or 77 cents per share, in the same period a year earlier.Adjusted earnings were $1.07 per share. These exclud...
Read articleAffiliated Computer posts higher 2Q profit
2010-02-26 03:34:14
Quote: DALLAS (AP) -- Information technology and outsourcing company Affiliated Computer Services Inc. said Thursday its fiscal second-quarter profit and sales grew as it added new business and renewed contracts.ACS, which agreed to be acquired by Xerox Corp. last fall for about $6 billion in cash and stock, posted a profit of $96 million or 97 cents per share, up 27 percent from $75.5 million, or 77 cents per share, in the same period a year earlier.Adjusted earnings were $1.07 per share. These exclud...
Read articleCost cuts boost 4Q profit for Xerox during slump
2010-02-26 03:34:14
Quote: said Thursday that cost cutting boosted its fourth-quarter earnings, and it forecast a bigger-than-expected profit for this year, when it plans to slash more jobs and fuse with Affiliated Computer Services Inc. to try to jump-start growth.The company's shares jumped 4 percent in afternoon trading.Xerox chief Ursula Burns, who took the reins last July, said revenue has improved "modestly," especially in developing markets.But she added, "We believe revenue will continue to be under pressure until...
Read articleS&P to make changes to S&P500, MidCap 400 indices
2010-02-26 03:34:13
Quote: to the S&P500 index to replace Affiliated Computer Services Inc., which is being bought by Xerox Corp.Xerox, based in Norwalk, Conn., is also a constituent of the S&P500.Retailer Urban Outfitters, which is currently on the S&P's MidCap 400 index, would then be replaced by Intrepid Potash Inc., a fertilizer company based in Denver.S&P said the moves would be made on a date yet to be announced.Shares of Urban Outfitters, based in Philadelphia, rose 54 cents to $32.11 in after-hours...
Read articleACS credit ratings raised after Xerox acquisition
2010-02-26 03:34:11
Quote: NEW YORK (AP) -- The credit ratings of Affiliated Computer Services Inc. were raised to investment grade from junk Tuesday following the company's acquisition by Xerox Corp.Fitch Ratings raised its issuer default rating for ACS to "BBB" from "BB" and two tranches of senior notes worth $500 million to "BBB" from "BB-."Fitch said ACS' other debt -- a senior secured revolving credit line and senior secured term loan -- were repaid in full after Xerox closed its acquisition of ACS. As such, Fitch is...
Read articleComputer Services, Inc. Names Richard A. Anderson to Board of Directors
2010-02-25 07:27:24
Quote: 1 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) announced today that Richard A. Anderson has been named to the Board of Directors. Â Anderson is a former executive of AT&T, Inc. and a public service leader in the state of Georgia. http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )In announcing Anderson's appointment to the CSI Board, Chairman John A. Williams said, "We are pleased to welcome Dick Anderson to CSI's Board of Directors. Â His executive expe...
Read articleACS credit ratings raised after Xerox acquisition
2010-02-25 07:27:22
Quote: NEW YORK (AP) -- The credit ratings of Affiliated Computer Services Inc. were raised to investment grade from junk Tuesday following the company's acquisition by Xerox Corp.Fitch Ratings raised its issuer default rating for ACS to "BBB" from "BB" and two tranches of senior notes worth $500 million to "BBB" from "BB-."Fitch said ACS' other debt -- a senior secured revolving credit line and senior secured term loan -- were repaid in full after Xerox closed its acquisition of ACS. As such, Fitch is...
Read articleACS credit ratings raised after Xerox acquisition
2010-02-23 05:51:08
Quote: NEW YORK (AP) -- The credit ratings of Affiliated Computer Services Inc. were raised to investment grade from junk Tuesday following the company's acquisition by Xerox Corp.Fitch Ratings raised its issuer default rating for ACS to "BBB" from "BB" and two tranches of senior notes worth $500 million to "BBB" from "BB-."Fitch said ACS' other debt -- a senior secured revolving credit line and senior secured term loan -- were repaid in full after Xerox closed its acquisition of ACS. As such, Fitch is...
Read articleACS credit ratings raised after Xerox acquisition
2010-02-10 01:46:23
Quote: NEW YORK (AP) -- The credit ratings of Affiliated Computer Services Inc. were raised to investment grade from junk Tuesday following the company's acquisition by Xerox Corp.Fitch Ratings raised its issuer default rating for ACS to "BBB" from "BB" and two tranches of senior notes worth $500 million to "BBB" from "BB-."Fitch said ACS' other debt -- a senior secured revolving credit line and senior secured term loan -- were repaid in full after Xerox closed its acquisition of ACS. As such, Fitch is...
Read articleComputer Services, Inc. Names Richard A. Anderson to Board of Directors
2010-02-02 03:16:53
Quote: 1 /PRNewswire-FirstCall/ -- Computer Services, Inc. (CSI) (Pink Sheets: CSVI) announced today that Richard A. Anderson has been named to the Board of Directors. Â Anderson is a former executive of AT&T, Inc. and a public service leader in the state of Georgia. http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )In announcing Anderson's appointment to the CSI Board, Chairman John A. Williams said, "We are pleased to welcome Dick Anderson to CSI's Board of Directors. Â His executive expe...
Read articleFormer AT&T official named to Computer Services Inc. board
2010-02-02 03:16:52
Quote: Anderson, a retired group president for global business services at AT&T Inc., has been elected to the board of directors for Computer Services Inc.Anderson retired from AT&T in June 2007. He since has served as executive director of the Georgia Regional Transportation Authority. He also sits on several boards, including the board of advisors for Murray State University, Murray, Ky.In his role with the state of Georgia, Anderson is overseeing the creation of the state’s strategic-t...
Read articleInd. panel approves ending welfare privatization
2010-01-29 03:31:58
Quote: IBM's contract expired Monday.Murphy told the committee the contract "wasn't a total failure" because Indiana gained improved technologies for processing welfare benefits.Affiliated Computer Services Inc., one of IBM's subcontractors, is working with FSSA on the new hybrid welfare intake system. The federal government has approved the hybrid system.But under Riecken's bill, the state would be barred from contracting out the services for administering or processing the eligibility intake programs...
Read articleCommunity Bankers Associations of Oklahoma, Washington and West Virginia Endorse CSI's Web@Work and Board Portal
2010-01-29 03:31:57
Quote: 15 /PRNewswire-FirstCall/ -- The Community Bankers Associations of Oklahoma, Washington and West Virginia recently endorsed Web@Work and the Web@Work Board Portal, corporate Intranet services provided by Computer Services, Inc. (CSI) (Pink Sheets: CSVI).http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO )Computer Services, Inc., is a leading provider of innovative banking technologies and eBusiness services. Â The company released its Web@Work corporate Intranet in 1998 and has since added f...
Read articleCSI Reports Increase in Fiscal 2010 Third Quarter Revenues and Net Income Per Share
2010-01-29 03:31:55
Quote: 8 /PRNewswire-FirstCall/ --  Computer Services, Inc. (CSI) (Pink Sheets: CSVI) today reported results for the third quarter and nine months ended November 30, 2009.http://www.newscom.com/cgi-bin/prnh/20080418/CSILOGO  )Third quarter revenues rose 3.1% to $38.2 million in fiscal 2010 compared with $37.0 million in the third quarter of fiscal 2009. Net income was flat at $4.9 million, and net income per diluted share increased 1.6% to $0.64 compared with $0.63 in the prior year due to...
Read articleFirst Technology Services Selects the Summit.NET(TM) Check Image Platform
2010-01-29 03:31:55
Quote: 5 /PRNewswire/ -- Summit Financial Solutions, Inc., an affiliate company of Computer Services, Inc. (CSI) (Pink Sheets: CSVI), today announced that First Technology Services, Inc., has selected the Summit.NET image processing platform to be the foundation for its item processing services. Â http://www.newscom.com/cgi-bin/prnh/20081027/SFSLOGO )First Technology Services, a wholly owned subsidiary of First Financial Bankshares, is a $3.1 billion, ten-bank Holding Company based in Abilene, TX. Â...
Read articleInd. to launch 'hybrid' welfare system next week
2010-01-29 03:31:54
Quote: as the lead vendor on the privatized system.FSSA now has replaced IBM as the project manager while retaining most of its subcontractors, including Dallas-based Affiliated Computer Services Inc.The agency has said the changes will improve state oversight of the private portions of the system, keep better tabs on documents submitted by clients and move more workers from call centers to county welfare offices.Critics remain skeptical of the hybrid system's prospects for success."The privatized syst...
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