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Technology Stocks : Unisys: Computer Solutions and Services Worldwide
UIS 2.785-1.8%Dec 8 3:59 PM EST

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To: Greg Jung who wrote (2481)10/15/1999 9:49:00 PM
From: wolfdog2  Read Replies (1) of 2818
 
Greg, its not the history that counts its the opportunities going forward. To refer to UIS as just another IT company is like referring to IBM as just a box maker. UIS's new management team seems smart and capable. The stock rose because management is paring down debt and increasing earnings. This is a billion dollar company with an international presence.

UIS is not, as I'm sure you must be aware, just another software services companies. They also are an OEM with hardware and software products. The software services companies are all selling at low multiples because of the Y2K uncertainty. As we move into the new year, I expect the business and multiples of these companies to expand.

I think that we are putting in a bottom here. Wall Street overacted to the revenue shortfall and I fully expect the stock, once to market reaches its bottom, to climb from here. No, I don't expect an early return to the 40's, but if Wall Street is sufficiently impressed with the restructuring due to be announced in the next few weeks that could well happen.
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