Jefferies Maintains a 'Buy' on SAIC, Inc. (SAI); Splitting Up is Easy to Do
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Wells Fargo Maintains a 'Market Perform' on SAIC, Inc. (SAI); Hey, It's Time To Split
August 31, 2012 7:43 AM EDTWells Fargo maintains a 'Market Perform' on SAIC, Inc. (NYSE: SAI) price target range of $13-$14 (from $11-$12)
Analyst, Edward S. Caso, said, "SAI's Q2 results were better than expected, but overshadowed by the proposal to split into two businesses. Specifics of the proposed... More
SAIC (SAI) Moves Higher as Plan to Split Could Unleash Growth
August 30, 2012 5:32 PM EDTShares of Science Applications International Corporation (NYSE: SAI) are surging after-hours Thursday after reporting mixed financial results for the fiscal second quarter 2013 but announcing plans to split the company.
The board gave management authority to split the company into two publicly traded companies. One company would focus on technical services and another on... More
SAIC (SAI) Plans Separate Into Two Independent, Publicly Traded Companies
August 30, 2012 4:08 PM EDTScience Applications International Corporation (NYSE: SAI) said the board has authorized management to pursue a plan to separate into two independent, publicly traded companies.
The proposed separation is intended to take the form of a tax-free spin-off to SAIC stockholders of... More
SAIC (SAI) Misses Q2 EPS by 1c; Guides FY13 EPS and Revs
August 30, 2012 4:06 PM EDTSAIC (NYSE: SAI) reported Q2 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $2.85 billion versus the consensus estimate of $2.65 billion.
SAIC sees FY2013 EPS of $1.26-1.36, versus the consensus of $1.34. SAIC sees FY2013 revenue of $10.9-11.4... More
