Is the Media BiPolar on SAIC? Media blackout on political corruption?
The street says: "Shares of SAIC decline 5.07% to $11.62. The company lost a Department of Defense contract toLockheed Martin(LMT_) on Friday, Bloombergreported. The contract was SAIC's largest, generating revenue of $400 million, according to Stifel Nicolaus analysts, said Bloomberg. “
c Biz Journals also says "SAIC Falls" Loses to Lockheed Martinhttp://www.bizjournals.com/washington/news/2012/06/18/saic-falls-on-lockheed-contract-win.html But JP MORGAN Says "SAIC, Inc. (NYSE:SAI) Upgraded by JPMorgan " and HEY JP....its a PLEA DEAL NOT ALLEDGED!" Also, how 'bout your 2 billion dollar mess? "New CEO John Jumper is paying attention on aggressively moving precedent a difficult time for the firm, the company wrote in a note to clients, referring to SAIC’s settlement this year of allegations it defrauded the city of New York into overpaying for an automated payroll system.”
http://uselectionnews.org/saic-inc-nysesai-upgraded-by-jpmorgan-nysejpm-acm-kbr-jec-urs-sai/8510888/
Read this post!!!!!!! See bottom where I joke about the Pentagon giving SAIC a 2 billion dollar bail-out aka contract!