--Credit Suisse upholds "outperform" stance on Atos Origin

Internet Business News
01-13-2011
--Credit Suisse upholds "outperform" stance on Atos Origin

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

13 January 2011 - Credit Suisse reiterated its "outperform" rating on French IT services provider Atos Origin (EPA:ATO), keeping its share price target at EUR50.
The broker's note follows a meeting with analysts held by the group yesterday in London.

The company detailed its ratonale for the acquisition of the IT solutions and services unit of German electronics group Siemens (ETR:SIE), announced last month.

Brokers have been worried about Atos Origin's capacity to manage with the problems of Siemens' division.

Thus, Siemens has pledged to allocate EUR150m (USD197.1m) to offset the risks related to some contracts and to set aside a maximum of EUR200m for risks not yet identified.

Today at 13:11 CET shares in Atos Origin had eased by 0.72% to EUR40.465 on Euronext Paris.

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