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EXHIBIT (a)(5)(viii)
Contact: Media Inquiries: FOR IMMEDIATE RELEASE
Mike Dickerson Moved On PR Newswire
Manager, Communications July 31, 2000
Corporate
310.615.1647
[email protected]
Financial Analysts: Shareholders:
Bill Lackey Morrow & Co.
Director, Investor Relations 800.566.9061
Corporate [email protected]
310.615.1700
[email protected]
CSC EXTENDS TENDER OFFER FOR MYND, FORMERLY POLICY
MANAGEMENT SYSTEMS
EL SEGUNDO, Calif., July 31 -- Computer Sciences Corporation (NYSE: CSC)
today announced that it has received a second request for information under the
Hart-Scott-Rodino Antitrust Improvement Act in connection with its $16 per share
cash tender offer for Policy Management Systems Corporation (NYSE: PMS), d/b/a
Mynd. The tender offer, which is currently scheduled to expire on August 2, will
be extended to expire at 11:59 p.m., Eastern Daylight Time, on August 12. As of
the close of business July 28, approximately 9,443,587 Mynd shares, representing
approximately 27 percent of the total outstanding, had been validly tendered
into the offer.
Morrow & Co., Inc. is the information agent for the tender offer and
Goldman, Sachs & Co. is the dealer manager.
Computer Sciences Corporation, one of the world's leading consulting and
information technology (IT) services firms, helps clients in industry and
government achieve strategic and operational objectives through the use of
technology. Having
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Computer Sciences Corporation - page 2 July 31,2000
guided clients through every major wave of change in IT for more than 40 years,
CSC today is well positioned to develop and apply IT strategies and
technologies, particularly in the e-business area, based on its full range of
capabilities in management and IT consulting; systems design and integration;
applications software; Web and application hosting; and IT and business process
outsourcing.
Since its formation in 1959, CSC has been known for its flexibility and
customer-centric culture. Through numerous agreements with hardware and software
firms, the company develops and manages solutions specifically tailored to each
client's needs. With more than 58,000 employees in locations worldwide, CSC had
revenues of $9.4 billion for the twelve months ended March 31, 2000. It is
headquartered in El Segundo, California. For more information, visit the
company's Web site at www.csc.com.
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