Need a little good news today? We've got plenty!
Holidash Blog

AOL Money & Finance

Posts with tag Computer Sciences Corp

Reengineering guru dies

The New York Times reports that one of the co-authors of a very popular and influential management book, Reengineering the Corporation, has died. Michael Hammer, a former MIT professor, helped popularize the idea that managers should view their organizations as a "clean sheet of paper" and make them work more effectively for their customers. In the 1990s, the idea of Reengineering a company took over the thinking of managers around the world and led to billions of dollars worth of consulting work.

As it turns out, I have a professional connection to Hammer and his co-author, James A. Champy. Hammer taught me at MIT -- I took a course called Office Automation Systems from him in which he talked about the importance of imagining how a process would work if it could be re-imagined from scratch. And Champy hired me to work for the firm he co-founded with several MIT Sloan School professors -- Index Systems -- which grew dramatically after the Reengineering book was published. Index was ultimately acquired by Computer Sciences Corporation (NYSE: CSC).

Like many management ideas, its period of wild popularity lasted a few years and then faded. But what has stayed with me about the concept of Reengineering is the notion that a business needs to work not to satisfy the needs of its internal fiefdoms, but to make life better for its customers. And that is a legacy of which Hammer might be proud.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in Computer Sciences Corp securities.

Market highlights for next week: Covansys holds special shareholder meeting

Next week's highlights include Covansys' shareholders meeting, where the Computer Sciences Corp acquistion will be discussed.


Monday June 25
Tuesday June 26
Wednesday June 27
Thursday June 28
Friday June 29

Investing in private equity's next frontier

With the market being propelled upward due to private equity and corporate acquisitions, investors should not stay on the sidelines. Rather, they should target private equity's next frontier -- IT services. Of the companies in this sector, Unisys Corp. (NYSE: UIS), Perot Systems Corp. (NYSE: PER) and Ingram Micro, Inc. (NYSE: IM) may be worth examining.

A few months ago, I suggested several sectors and companies that private equity could target next. On Friday, TheStreet.com reiterated one of those sectors -- IT services. Here's how much seven such companies have gone up or down since my March 29th post along with their market capitalizations ranked by their Price/Earnings to Earnings Growth (PEG) ratios:

Continue reading Investing in private equity's next frontier

Symbol Lookup
IndexesChangePrice

Last updated: December 02, 2008: 08:59 AM

BloggingStocks Exclusives

Hot Stocks

BloggingStocks Featured Video

TheFlyOnTheWall.com Headlines

WalletPop Headlines

AOL Business News

Latest from BloggingBuyouts

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance