UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August , 2004
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Commission File Number: 001-13196
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DESC, S.A. DE C.V.
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(Translation of registrant's name into English)
PASEO DE LOS TAMARINDOS 400-B, BOSQUES DE LAS LOMAS, 05120 MEXICO, D.F., MEXICO
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(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F __
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |_| No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________
The following is included in this report on Form 6-K:
Item
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1. English Translation of Press Release dated August 9, 2004
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Item 1
DESC SIGNS INFORMATION TECHNOLOGY SERVICE CONTRACT WITH EDS
Mexico City, August 9, 2004 - DESC, S.A. de C.V. (BMV:DESC; NYSE:DES) ("Desc" or
"the Company") announced today that it had signed an outsourcing contract with
EDS for the operation of all of Desc's information technology for the next five
years.
The outsourcing contract between the two companies includes infrastructure
support and administration for all ERP and non-ERP applications, e-mail, network
administration, call center, user support, security and repair of key
infrastructure components, among others.
This transaction translates into direct and immediate savings for Desc, which
continues reducing its current cost structure in order to become more
competitive and flexible.
In addition, it will enable Desc to increase the efficiency of its information
technology services, and provides access to a wide range of industry solutions,
guaranteed management of investments in technology, state-of-the-art technology,
faster response times, as well as the incorporation of best practices and
innovative ideas.
EDS is the world's leading service company, providing strategies, consulting,
implementation, business transformation and operation of solutions for clients
that operate in complex businesses and with technology of the digital economy.
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DESC, S.A. de C.V. (NYSE: DES; BMV: DESC) is one of the largest industrial
groups in Mexico, with 2003 sales of approximately US$ 2 billion and nearly
14,000 employees, which through its subsidiaries is a leader in the Automobile
Parts, Chemical, Food and Property sectors.
This press release contains forward-looking statements (pursuant to the Private
Securities Litigation Reform Act of 1995) which reflect the current opinions of
DESC's management regarding future events. The words "anticipate," "believe,"
"expect," "hope," "have the intention of," "might," "plan," "should" and similar
expressions generally indicate comments on expectations. These comments are
subject to risks, uncertainties and changing circumstances. The final results
may be materially different from current expectations due to several factors,
which include, but are not limited to, global and local changes in politics, the
economy, business, competition, market and regulatory factors, cyclical trends
in the automobile parts and chemical sectors; as well as other factors that are
highlighted under the title "Risk Factors" on the annual Form 20F report
submitted by DESC to the US Securities and Exchange Commission. DESC has no
obligation whatsoever to update these comments on expectations. Any comment on
expectations is valid only on the date on which it is made
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Contacts:
Marisol Vasquez Mellado
Jorge Padilla Ezeta
Tel: (5255) 5261-8000
investor.relation@desc.mx
Maria Barona
Melanie Carpenter
Tel: 212-406-3690
desc@i-advize.com
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www.desc.com.mx
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Desc, S.A. de C.V.
(Registrant)
Date: August 10, 2004 By /s/ Arturo D'Acosta Ruiz
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Name: Arturo D'Acosta Ruiz
Title: Chief Financial Officer
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