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eBreviate Delivers Banner Month with $233 Million in Spend and Customer Savings of up to 35% from 2400 Supplier Bids

eSourcing Leader Ending First Year with Over 110 Customer Events and $3 Billion in Spend

WALNUT CREEK, California (November 15, 2000) eBreviate, an EDS company offering the market-leading suite of eSourcing tools, technologies and services, today announced that it had recorded its best month ever of online auctions and eRFPs, finishing with 26 eNegotiations covering 232 individual product
sub-categories for the month of October, 2000; an average of more than one event per business day of the month. Total spend topped $233 million and represented bidding activity from over 130 suppliers around the world.

eBreviate's strong October enabled the company to surpass its goal of enabling more than 110 eAuctions and eRFPs, totaling over $3 billion in customer spend. These transactions resulted in an average customer savings of 14%, or $420 million in total. eBreviate's aggressive growth strategy is proving to be on course as its eNegotiation solutions and eRFP tools sales for the month of October were on behalf of some of the world's largest corporations, spanning many different industries and
encompassing a wide variety of direct and indirect goods and services.

Highlights of materials in eBreviate's October auction and eRFP activity include:

  • In-flight entertainment centers for worldwide carrier Delta Airlines
  • Cranes and hoists for global engineering, construction, and sourcing firm Fluor Daniel
  • Product packaging for global consumer products company Reckitt Benckiser
  • Capacitors and regulators for diversified energy company Entergy
  • Wooden pallets for one of the world's largest producers of glass and building materials, Saint-Gobain France

eBreviate saved two customers over 35% each: one for a petroleum equipment firm and the other for a pharmaceutical company. A single auction yielded over $12 million in savings for a major automobile manufacturer. Over 2,400 bids were submitted from 131 suppliers.

eBreviate's eAuctions and eRFPs are part of the company's integrated suite of eSourcing tools and technologies designed to take the time, cost, and inefficiencies out of corporate buying. "We believe eBreviate's results place us on a much faster growth curve than our chief competitor, FreeMarkets, at equivalent times in our companies' histories," said Sarah Pfaff, executive vice president of sales, marketing and strategy at eBreviate. "We're poised to achieve even greater results as we roll out our newest line of sourcing management products," she said.

About eBreviate
eBreviate, an EDS company, combines leading-edge technology with market-driven content and in-field services to deliver the best eSourcing solutions to global businesses, governments, and net markets. Located in Walnut Creek, California, with regional offices in Plano, Texas and London,
England, eBreviate enables purchasing organizations to become razor sharp and rigorous in what they buy, from whom they buy it, and under what commercial terms. eBreviate's integrated and automated eSourcing tools take out time, cost, and inefficiency from the procurement cycle. This automation brings greater productivity and accountability to purchasing, while optimizing the way buyers and suppliers qualify, negotiate, and evaluate their business relationships. eBreviate can be
found online at www.ebreviate.com.

About EDS
EDS, the leading pure-play global services company, provides strategy, implementation and hosting for clients managing the complexities of the digital economy. EDS brings together the world's best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers' trust and continuously seek improvement. EDS serves the world's leading companies and governments in about 55 countries globally. EDS reported revenues of $18.5 billion in 1999. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at www.eds.com.

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