4:32 a.m., May 22
Founder Beyster Opposes Split-Up of SAIC
J. Robert Beyster, retired founder of Science Applications International Corp. (SAIC), formerly of San Diego, opposes the company's plan to split into two entities. SAIC wants to split the company into two groups: 1. Research, science, and technology for health, engineering and national security sectors, and 2. Services business such as systems engineering, technical assistance, and financial analysis. On a blog post, reprinted in the Washington Post, Beyster says the stock market seems to like the proposal. However, he says, "the great strength of SAIC is in its size, and in the diversity of talent and the synergy between all the various groups and sectors. Splitting the company will reduce SAIC's ability to draw from its deep bench of talent and experience."