Electronic Data Systems Corp. made the final payment toward the £71 million ($108 million U.S.) settlement it reached with the British government over its failure to complete work on an £8.5 billion ($12.9 billion U.S.) tax-credit IT system.
The system was launched in April 2003, but problems quickly caused the government to make significant tax-credit overpayments. EDS stopped work in 2004, and the contract was taken over by Capgemini. In November 2005, EDS agreed to a settlement with the U.K.'s HM Revenue & Customs agency.
At first, EDS was slow to pay the settlement, prompting the U.K.'s Public Accounts Committee to say it would take EDS 106 years to pay off the government. The company declined to comment.
— Leo King, Computerworld U.K.
E-mailer Threatens Indian IT Firms
BANGALORE, India — E-mails sent to six IT companies based here, including outsourcing vendors Infosys Technologies Ltd. and Wipro Ltd., included threats to blow up corporate facilities in the city.
Police are tracking the author of the messages, which were sent from a location in Bangalore, said Gopal B. Hosur, the city's joint commissioner of police. The threats were sent during the week of Dec. 29, he noted.
Infosys confirmed that it had received a threatening e-mail. Wipro declined to comment.
Security was tightened at IT firms in Bangalore after terrorists attacked sites in Mumbai in November, Hosur said.
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