An opinion or interpretation of new 8k non-speak... and by the way you would need to use a magnify glass to find any reference to CityTime and the fact the State and City of NY have put the kibosh on SAIC contracts and boy, are reference vague.
..a detail on the newest form 8K published 8/31/11 SAIC does mention obliquely or its "own special way" the City of New York, as part of the reasons for revenue decline in Q2. When a number is "BIG" they make it small sounding
http://investors.saic.com/phoenix.zhtml?c=193857&p=irol-IRHome
Below is the actual 8k -- click on the large part of the hyperlink starting with the word phoenix to see actual document....
http://investors.saic.com/phoenix.zhtml?c=193857&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDExOTMxMjUtMTEtMjM4MDE1L3htbA%3d%3d "Defense Solutions revenues for the quarter decreased 6 percent from the second quarter of fiscal year 2011. Internal revenues contracted 7 percent primarily due to reduced activity on an infrastructure support services program for the Department of
Defense (DoD), reduced activity on the U.S. Army Brigade Combat Team Modernization contract, and the completion of a systems development and implementation contract for certain agencies of the City of New York. " Note, "certain agencies", I think they mean CityTime and MTA and any future work.
