Reply #16: I'm guessing most DU-BBVers have looked over the SAIC site

[Dover]

but for those who have not, check it out:

Company Overview

Founded by Dr. J.R. Beyster and a small group of scientists in 1969, SAIC, a Fortune 500® company, now ranks as the largest employee-owned research and engineering firm in the nation. SAIC and its subsidiaries have more than 40,000 employees with offices in over 150 cities worldwide.


SAIC is a key source for leading-edge technologies that will carry our clients into the 21st century and beyond. We help clients respond faster to opportunities, achieve more from their operations, exceed their mission requirements, and meet the competition head-on. See our industry rankings.


Who Knew?


In 1969, a small group of research scientists founded a business in a little village called La Jolla. Who knew what the future held?

Today, the scientists' business, Science Applications International Corporation (SAIC), is one of the world's leading providers of outsourcing and IT services, and the nation's largest employee-owned research and engineering company.


View the Video Interview with Dr. Beyster

Our information systems and technology solutions are helping speed and improve service delivery and giving decision makers better information to make decisions. Our next generation networks are helping clients create new markets in converged voice, video, and data services. Our e-business solutions are creating unprecedented collaboration and efficiency throughout complex value chains. Our wireless solutions are opening up new communications with remote areas faster and better than ever before. SAIC is also a portal to advanced technologies. We provide access to the latest technologies developed by a host of organizations worldwide, including our own world-class research organizations. We bring more than three decades of experience making new technologies succeed in real-world, real-time business. For more details see our Products & Services.

Recent Financial Information
SAIC achieved revenues of $5.9 billion, reflecting a growth rate of 2 percent over the previous year's revenues of $5.8 billion.


The current SAIC stock price is $30.50 per share for SAIC Class A Common Stock, effective July 11, 2003. This represents a 5.1% increase from the price of $29.02 established on April 11, 2003, and an increase of 5.5% from last year at this time.

SAIC files financial and disclosure documents with the Securities and Exchange Commission (SEC). View our Form 10K; and our Form 10Q for the First Quarter. SAIC's filings are available on the SEC's EDGAR database (view all filings).

In addition, Forms 3, 4, and 5, filed by SAIC directors and executive officers pursuant to Section 16 of the Securities Exchange Act of 1934 are also available on the SEC's EDGAR database (view Forms 3, 4, 5).

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Founder's Profile
When he founded the company in 1969, Dr. J.R. Beyster could have followed the more traditional American process of closely holding the stock of the company among himself and a top layer of senior management. Instead, he chose from the very beginning to reward the performance of employees with stock ownership.

"Someone who is involved with the company should own a piece of it," says Dr. Beyster. "Those who really perform well are rewarded by having their stock increased. People involved in the company should share in its success."

He believes that as a result of the employee ownership philosophy, Science Applications International Corporation has become one of the largest and fastest-growing employee-owned companies in the world. When he started SAIC, Dr. Beyster had little idea that he would build a company with over 40,000 employees and over $5.9 billion in revenues.

His belief in employee ownership led him to create the Foundation for Enterprise Development and The Beyster Institute for Entrepreneurial Employee Ownership, a nonprofit organization he formed in 1986 to foster employee ownership and participation. The Foundation provides advice and resources to companies that are starting employee ownership programs or using equity compensation as a motivational tool. The F.E.D. also works actively with the Morozov Project in Russia to train Russian business leaders. Dr. Beyster believes applying the methods of employee ownership can make a real difference in the economic lives of the people living there.

SAIC was founded as a scientific consulting firm with a handful of government contracts for nuclear power and nuclear weapons effects study programs. "I was not the brilliant, flash-of-inspiration type of entrepreneur," says Dr. Beyster. "I was more of a persistent, builder type. Rather than having a grand design, we started with some contracts and a few people with ideas, and growth started to snowball."

Over the years, the company has expanded into national and homeland security programs, non-nuclear energy studies, health care systems, environment-related businesses, information technologies, high-technology products, telecommunications, transportation and eSolutions services and products for commercial and government customers.

After receiving B.S.E., M.S. and Ph.D. degrees in Engineering and Physics from the University of Michigan, Dr. Beyster began his career in the early 1950's as a senior scientist at Westinghouse. He then worked as a physicist at Los Alamos National Scientific Laboratory, conducting research using a water boiler reactor and a large Van De Graaf Accelerator.

He joined General Atomic in 1957 as chairman of the Accelerator Physics Department, where he established and managed the 100-million-volt traveling wave linear accelerator facility, a self-supporting government and private research laboratory. His research on neutron thermalization led to the publication of a book entitled Slow Neutron Scattering and Thermalization by Park, Nelkin, Beyster and Wikner.

His many professional associations allow Dr. Beyster to extend his influence to a wide circle of business and academia. A fellow of the American Nuclear Society, he has served as chairman of the Society's Reactor Physics Department and Shielding Division. He is also a fellow of the American Physical Society, a member of the Scientific Advisory Group to the Director of the Strategic Planning Staff of the Joint Chiefs of Staff, and a member of the Defense Science Board Low Observable Panel.

A vigorous supporter of education, Dr. Beyster recently endowed a chair in Engineering at the University of California, San Diego.

Dr. Beyster has written or coauthored approximately 60 publications and reports. As the result of his professional and business success, he has earned recognition and received numerous awards.

etc.

http://www.saic.com/