Unisys: Computer Solutions and Services Worldwide Message Board

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Technology Stocks : Unisys: Computer Solutions and Services Worldwide

UIS 2.650

-0.4%

3:59 PM EST

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To: ColtonGang who wrote (2770)	10/13/2000 8:31:03 AM
From: PCSS	Read Replies (3) of 2818

From a Major Firm's Research Report this morning: Unisys Q3 In Line, But Early Signs of a Turn. Ests, MP Rating Retained **************************************************** No change in ests. or MP rating. Q3 results were largely in line. EPS of $0.14 declined 66% Y-Y, as exp. Revenue was a bit better, declining 9% vs. our down 12% est., but was offset by a less favorable gross margin. As expected, mgmt announced a strategy to reposition the Services division (71% of rev) to reaccelerate growth. For now, hardware will remain the primary growth driver, as the Svcs restructuring will likely take time to bear fruit. Nevertheless, there are signs that the business may have bottomed & potentially poised for a turn: (1) hardware demand is firming - the new ES7000 is ramping well & ClearPath is rebounding; and (2) UIS is logging some impressive large outsourcing contracts. Michael

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