SAN FRANCISCO - Electronic Data Systems Corp, the second-largest U.S. technology services provider, does not see any significant changes in technology spending, despite credit-market concerns that have hobbled other industries, its chief executive said Monday.

"At this stage we don't see anything that suggests significant change," CEO Ron Rittenmeyer told a Bank of America investment conference in San Francisco.

Rittenmeyer made the remarks amid increasing investor concern that slowing housing markets and mortgage-industry turmoil may lead companies to cut spending and trigger a recession.

He said EDS, based in Plano, Texas, has no exposure to subprime mortgages, or home loans made to the riskiest borrowers, many of whom are now in foreclosure. The company's only mortgage-processing clients are outside the United States, he added.

EDS last week said it offered early retirement to about 12,000 U.S. employees, about a quarter of its domestic work force, as it tries to cut costs. Rittenmeyer said the company may not know until the end of October how many of the 12,000 workers accept early retirement.

Some of the workers will be replaced by employees outside the United States, he added.

Rittenmeyer also said his company was considering acquisitions and had not ruled out a buyback of its shares. (Reporting by Philipp Gollner)

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