Computer Sciences Corporation admits it may have to write off entire value of its investment in the delayed Lorenzo system for health service. Computer Sciences Corporation has admitted that eight years of delays and setbacks on its disastrous NHS contract have left little or no value for shareholders, as the company prepares to write off almost £1bn.
CSC's bold writedown this week echoes similar move by fellow regional contractor BT, which is responsible for installing NHS IT systems across London. Its Global Service division wrote down £1.3bn two years ago in relation to two of its most troublesome contracts — though it never revealed how much related to its NHS work. Guardian