EL SEGUNDO, Calif., -- Computer Sciences Corporation (NYSE: CSC) and
Hitachi, Ltd. (NYSE: HIT) today announced they have formed a long-term strategic
alliance to offer current and future customers of Hitachi leading-edge information
technology (I/T) systems and services in Japan.
Under the alliance, CSC and Hitachi will collaborate to provide I/T systems and
services incorporating world-class business practices, enabling customers to compete
more effectively on a global basis.
The alliance will primarily support large projects, such as those resulting from the
mergers of financial institutions. CSC and Hitachi will take advantage of the synergetic
effect of using both companies' I/T technology and consulting capabilities to respond to
customers' needs with total, comprehensive global solutions. The alliance will also form
the necessary organization to support clients' end users.
"Japanese companies and public sectors have a pressing need to globalize their
I/T systems," said Etsuhiko Shoyama, president and director of Hitachi. "Hitachi has
been preparing its systems integration capability to meet customers' requirements of this
global age. In order to expedite our drive to expand our capabilities further, we decided
to collaborate with CSC, a leading I/T services firm in the U.S., which has advanced total
solutions expertise and know-how. We are confident we will be able to provide more
advanced I/T services to our customers faster through this alliance between CSC and
Hitachi."
"CSC has a proud legacy of helping our clients achieve their goals by delivering
highly effective, complex information systems on a global basis," said Van B. Honeycutt,
chairman, president and chief executive officer of CSC. "We have formed numerous
successful alliances with some of the world's leading companies, and we're pleased at
this opportunity to help Hitachi provide superior business solutions to their customers."
Hitachi, which possesses world-class engineering technology and know-how, has
extensive experience in large-scale systems development in Japan. The firm has also
made substantial investments in developing leading edge hardware and software
technologies as well as extensive I/T services capabilities in networking and outsourcing.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global
electronics companies, with fiscal 1998 (ended march 31, 1999) consolidated sales of
$65.9 billion (7,977 billion yen*). The company manufactures and markets a wide range
of products, including computers, semiconductors, consumer products and power and
industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's'Web
site at http://www.hitachi.co.jp.
Computer Sciences Corporation helps clients in industry and government use
information technology to achieve strategic and operational objectives. With 54,000
employees in more than 700 offices worldwide, the company tailors solutions from a
broad suite of integrated service and technology offerings, including e-business strategies
and technologies; management and I/T consulting; systems development and integration;
application software; and I/T and business process outsourcing.
Since its formation in 1959, CSC has been known for its flexibility in its
relationships with clients. Through numerous agreements with hardware and software
technology firms, the company is able to identify and manage solutions specifically
tailored to each client's needs. CSC had revenues of $8.2 billion for the twelve months
ended October 1, 1999. Its headquarters are in El Segundo, California. For more
information, visit the company's web site at http://www.csc.com.
* At an exchange rate of 121 yen to the dollar.
Contact:
Terry Kubo
Public Relations
Hitachi America, Ltd.
650.244.7902
tatsuya.kubo@hal.hitachi.com
Frank Pollare Bill Lackey
Director, Public Information Director, Investor Relations
Computer Sciences Corporation Computer Sciences Corporation
Corporate Corporate
310.615.1601 310.615.1700
fpollare@csc.com blackey3@csc.com
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