Abstracts » Business, regional

Unisys getting no respect

Article Abstract:

Unisys price-to-earnings ratio (P/E) is in the high teens, below that of competitors such as International Business Machines Corp. and electronic Data systems Corp., which have P/Es above 20. Lawrence A. Weinbach, formerly chief executive of Andersen worldwide made transformational changes by taking over the troubled computer mainframe-maker, which had high debts and big losses.

Prepackaged software, Financial management, Labor Distribution by Employer, Computer software industry, Software industry, International Business Machines Corp., IBM, Statistics, Comparative analysis, Investor relations, Price-earnings ratio, Price earnings ratio, Data Systems Corp.

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Unisys cuts earning estimate in half

Article Abstract:

Unisys Corp. cut its second-quarter earnings estimate by about half on July 9, 2004, citing unexpectedly delayed and deferred contracts for computer servers and some computer services. Analysts believe that work order delays could affect Unisys for one or two quarters, but are concerned about potentially larger issues with deferrals of projects and contracts.

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Unisys declines after loss warning

Article Abstract:

Unisys Corporation stated that it expects a fourth-quarter 2004 loss of 7 to 10 cents a share, rather than the profit of 27 to 31 cents it had previously estimated. According to them, the reason behind it is that an outsourcing contract went bad and due to an accounting change.

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