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Technology Stocks : Unisys: Computer Solutions and Services Worldwide
UIS 2.815+2.0%3:59 PM EST

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To: American Spirit who wrote (2590)11/8/1999 8:11:00 AM
From: PCSS  Read Replies (2) of 2818
 
A research report just recieved:

EPS (FY Dec): 1999E US$1.55, 2000E US$1.80 - Recommended List

* We met with mgmt last week & are more optimistic that the forthcoming realignment of the co. should accelerate revenue growth next year for 2 reasons.

(1) The 'test case' has been extremely successful; the new organization was rolled out to the 200 largest accounts 18-months ago and resulted in rev growth for this segment accelerating to about 15%, well above the 0% for the rest of the company. Rev growth should accelerate as this is rolled out to the rest of the company.

(2) The realignment isn't as extensive as some had feared, impacting only about 1/3 of the co., & thus reducing the likelihood of disruption.

UIS shrs are very compelling at 12.5X cal00 EPS.

We rec. purch. of UIS shares.


Michael
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