FACTBOX-Major companies with California state contracts

LOS ANGELES, July 1 (Reuters) - California Gov. Arnold
Schwarzenegger declared a fiscal emergency on Wednesday,
clearing the way for the state to suspend payments owed to
vendors and local agencies, who will instead get "IOU" notes
promising payment [ID:nN01478973].

California expects to issue $3.6 billion of IOUs for the
month of July, $424 million of which is related to state
operations, primarily vendor payments. Small business vendors
account for a separate $141 million of the IOUs.

The current IOUs are unlikely to have much of an impact on
large corporations, experts said. Here is a list of some
publicly-traded companies with state contracts:

American Express Co (AXP.N)

AmerisourceBergen Corp (ABC.N)

AT&T Inc (T.N)

Eastman Kodak Co (EK.N)

EMC Corp (EMC.N) - Company said it does not expect
California's financial situation to have a material impact on
results, according to spokesman Dave Farmer.

GlaxoSmithKline Plc (GSK.L)

IBM Corp (IBM.N)

Johnson Controls Inc (JCI.N)

Hewlett-Packard Co (HPQ.N)

Lexmark International (LXK.N)

McKesson Corp (MCK.N)

Medtronic Inc (MDT.N)

Northrop Grumman Corp (NOC.N)

Qwest Communications (Q.N)

Roche Laboratories (ROG.VX) - California several years ago
"bought and paid for" its stockpile of Roche drug Tamiflu,
which has a 7 year shelf life, spokesman Terry Hurley said.

Sharp Electronics (6753.T)

Spherion Corp (SFN.N)

Sprint (S.N)

Sysco Corp (SYY.N)

Tetra Tech Inc (TTEK.O)

Unisys Corp (UIS.N)

Verizon Communications Inc (VZ.N)

WW Grainger Inc (GWW.N)

Xerox Corp (XRX.N)

SOURCE: California Department of General Services