
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, May 22, 1993                   TAG: 9305220133
SECTION: BUSINESS                    PAGE: A-4   EDITION: METRO 
SOURCE: Associated Press
DATELINE: OKLAHOMA CITY                                LENGTH: Short

GM ACTIVELY MATCHMAKING FOR ITS EDS

General Motors Corp. said Friday it is seeking a telecommunications partner for its Electronic Data Services Corp. computer services subsidiary.

GM Executive Vice President Harry Pearce, who oversees the EDS and GM Hughes Electronics subsidiaries, confirmed reports that talks between EDS and communications giant British Telecommunications Plc had broken off.

But Pearce said EDS is "looking at every alternative" to find a partner for EDS that would give it access to the telecommunications business.

The discussions with British Telecom also focused on the possibility that British Telecom might acquire up to a 25 percent equity in EDS. That could have raised cash to help GM finance its future car products. GM now owns about 40 percent of EDS stock.

GM bought EDS for $2.5 billion in 1984 from its founder, Ross Perot.

by CNB