EDS has announced that it is considering selling off a minority of its PLM Solutions (www.eds.com/products/plm) subsidiary by the first half of 2004. "A minority IPO or private offering in PLM Solutions would enable EDS to leverage the value of this key asset," said Michael Jordan, EDS chairman and CEO. In June, EDS announced that it would focus on its core IT outsourcing services business.
A new federally sponsored manufacturing innovation center to strengthen US manufacturing abilities in fiber-reinforced composites has formed, bringing together materials suppliers, OEMs, university R&D labs, and national labs.
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