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Technology Stocks : Unisys: Computer Solutions and Services Worldwide
UIS 2.820+0.4%Dec 5 9:30 AM EST

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To: PCSS who wrote (2462)10/14/1999 3:34:00 PM
From: Area51  Read Replies (2) of 2818
 
The 3Q conference call is available. Can access via www.unisys.com/investor.

Unisys comfortable with 0.46 in 4Q. Sees 2000 FY revenue growth
of 8 - 10% and EPS growth of 15 - 20 %.

It looks like the high earnings growth period (50% increase FY 98 to FY 99) is coming to an end, so some weakness in the stock price is not unwarranted IMO. Still with conservative estimates I think 20 times 2000 earnings of $1.75 or $35 is a conservative fair price with surprises possible to the upside.(Based on assuming that IBM is worth $100 per share; priced at 20 times 2000 EPS).

I had one stupid question on the currency effect. I thought a weak dollar (as we've had recently right?) would result in increased revenue for a company such as UIS which does a lot of revenue overseas in foreign currency (x euro dollars european revenues translates to a higher number of $US dollars)?.
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