Computer Sciences Corporation

According to the Computer Sciences Corporation (CSC) web site, the company was founded in "April 1959 by Roy Nutt and Fletcher Jones, both in their late 20s, ... with $100 and a contract from Honeywell to develop a business-language compiler called FACT. Formerly with United Aircraft Corp., Nutt had developed the first widely accepted assembly program, called SAP, and had been a member of the small IBM team that had developed FORTRAN. Jones came from North American Aviation Corp., where he had managed a divisional computer center.

Overview
"Assembling a small staff of talented people, CSC soon gained a reputation for innovative design and high-quality work. With Nutt providing the technical direction and Jones handling the marketing, the young company prospered. Through its work for numerous computer manufacturers and other large computer users, CSC developed more systems software than any other computer services company in the industry.

"CSC went public in 1963 and was listed the following year on the Pacific and American stock exchanges, becoming the first software company to be listed on a national exchange. Five years later, the company again brought new stature to the emerging software/services industry by being the first software company to be listed on the New York Stock Exchange.

"By 1964, annual revenues totaled $4 million and employees numbered 230. At this point, the founders - joined by William R. Hoover, who would eventually become CSC's chairman and CEO - made a series of decisions that changed the nature of the company and launched its rapid growth.

"The three executives decided to expand CSC's markets by serving users, rather than manufacturers of computers. They determined that CSC could provide users with technical services to support the development and operation of computer-based information systems.

"CSC decided to focus on the largest computer user of all, the U.S. federal government. At the same time, anticipating that computers and communications would converge, CSC bought two ITT divisions engaged in communications systems engineering and systems management for the U.S. Defense Communications Agency, communications utilities and other clients. The acquisition gave CSC extensive capabilities in the design and development of communications-based computer systems. By focusing on expanding the company's capabilities in new technologies and understanding customers' requirements, CSC quickly became a major supplier of information technology (IT) services, a leading integrator of computer and communications systems, and a premier developer of custom software. It also became, and remains today, one of the largest computer-services companies in the U.S. federal government market.

"In the mid-1980s, CSC's management saw strong new commercial markets emerging for its services in the areas of systems integration and the management of computer and communications facilities. Competitive pressures to improve quality and service, get products to market faster and control increasingly larger IT operations were forcing many corporations to look for help in making their information systems more supportive of corporate objectives.

"CSC's longstanding culture of client collaboration and flexibility helped fuel its internal growth. In addition, CSC initiated an aggressive acquisition program to supplement internal growth and rapidly establish a strong presence in the U.S., European and Australian markets.

"The early 90s marked CSC's entrance into the IT outsourcing market with the award of a $3 billion contract from General Dynamics - one of the first and largest outsourcing awards in the industry. Since then, the company has expanded its outsourcing offerings to include Web and application hosting and business process outsourcing in a wide array of industries such as financial services, healthcare, chemicals and consumer goods and services.

"Today, Van B. Honeycutt is CSC's chairman and chief executive officer. He joined the company in 1975 and has been a corporate officer since 1987. He has played a major role in advancing CSC's position in the commercial market, particularly in the areas of e-business and IT outsourcing.

"CSC has transformed the $100 with which its founders established the company into annual revenues of $11.3 billion and approximately 90,000 employees in locations worldwide.

"The company, now a member of the Fortune 500, offers an unparalleled scope of services ranging from consulting in the strategic uses of information technology, to systems design, development and integration, to outsourcing. And yet, while much has changed about CSC throughout its 40-year history, one constant has remained: CSC's laser-like focus on working collaboratively with clients to develop the most innovative technology solutions that meet their business needs."

Also see News and Events Calendar, which contains news releases detailing CSC's extensive defense and federal contracts.

Management
With 2007 pay:
 * Michael W. Laphen, Chairman, President and Chief Executive Officer, $4,536,017
 * Harvey N. Bernstein, Vice President Global Legal Compliance
 * Donald G. DeBuck, Vice President, Chief Financial Officer and Controller
 * Hayward D. Fisk, Vice President General Counsel and Secretary, $1,812,136
 * Thomas R. Irvin, Vice President and Treasurer
 * Michael E. Keane, Vice President, $2,249,530
 * Paul T. Tucker, Vice President Corporate Development, $2,555,202

Former:
 * Van B. Honeycutt, Chairman and Chief Executive Officer
 * Paul M. Cofoni, Vice President and President, Federal Sector
 * George F. Bell, Vice President and President, European Group
 * Leon J. Level, Vice President and Chief Financial Officer

Contact
Computer Sciences Corporation (CSC) 2100 East Grand Avenue El Segundo, CA 90245 Phone: (310) 615-0311 Fax: (310) 322-9768 URL: http://www.csc.com

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