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Technology Stocks : Unisys: Computer Solutions and Services Worldwide
UIS 2.825+0.7%1:29 PM EST
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To: zalesky who wrote (2157)12/5/1998 4:45:00 PM
From: DJB  Read Replies (1) of 2818
 
I have heard a rumor that if UIS stays above 30 for a week then the preferred stock will be converted. This will eliminate a huge cash drain (the preferred dividend) and have no impact on earnings as the converted shares are already in the fully diluted earnings.

Dennis
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