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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Ben Sanford who wrote (65774)	10/14/1999 2:20:00 PM
From: Sheri Kohn	Respond to of 90042

UIS.. in @ 26 1/4.... From Breifing.com 11:55 ET ****** Unisys (UIS) 29 13/16 -12 7/16: A good news-bad news situation is unraveling at Unisys, and unfortunately, the bad news is taking precedence. As for the good news, the company reported that Q3 earnings per share rose 60% to $0.40 per common share which was four cents ahead of consensus estimates. That noticeable increase was driven by a better than expected performance in its technology business, margin improvement in its services business, and tight expense controls. Yet, the bottom-line is proving immaterial today as investors are focusing on the top-line which grew an anemic 4% (7% without the negative impact of currency) due primarily to weakness in its network services and NT services businesses which were impacted by competitive pricing, particularly in the Federal Government space, and unexpected delays in the startup of certain contracts. In addition, slower than expected development of its NT services business and a slowdown in information technology spending during the Y2K transition also hurt its performance. Consequently, Unisys is making organizational changes designed to help boost its top-line results and to position the company to take advantage of the growth opportunities in e-business. According to the company, however, those changes along with the impact of currency and the Y2K transition will limit revenue growth for the next two quarters. For 1999, Unisys expects EPS growth of 50%, and anticipates revenue growth to be about 4%, but that`s not the formula that is going to get it done for a growth stock-- or at least it was a growth stock until today.--

To: Ben Sanford who wrote (65774)	10/14/1999 2:20:00 PM
From: Ben Sanford	Respond to of 90042

Below is the recently corrected "warning" from UIS CORRECTED - Unisys Q3 profit tops estimates In BLUE BELL story headlined ``Unisys Q3 profit tops consensus, but revenue light,' pls read in second graph ... grew to $137 million.... (Inserts million.) Also, read in fifth graph ... in the 4 percent range, after taking account of negative currency effects, through the remainder of 1999 ... instead of ... in the 4 percent range...for at least the next two quarters. (Corrects time range.) A corrected version follows: BLUE BELL, Pa., Oct 14 (Reuters) - Computer services supplier Unisys Corp. (NYSE:UIS - news) on Thursday posted better-than- expected profits in the third-quarter due to continued financial restructuring moves but revenue growth was slight. Net income, after payment of preferred dividends, grew to $137 million, or 43 cents per diluted share, compared with $67 million, or 25 cents a diluted share in the year ago-quarter. The latest quarter had a tax benefit $22 million, or 7 cents a share, offset by a charge of $12 million, or 4 cents a share, for buying back high-interest debt. Excluding these one-time items, third-quarter earnings per share rose 60 percent to 40 cents per common share. Analysts had forecast a third-quarter earnings consensus of 36 cents per share ahead of the Unisys report, according to brokers surveyed by First Call/Thomson Financial. Revenue grew 4 percent to $1.87 billion from $1.79 billion in the year-ago quarter due to weakness in some computer services businesses. Without the negative effect of translating foreign currencies into U.S. dollars, revenue would have grown 7 percent. By contrast, second-quarter revenue grew 12 percent, or 9 percent, including the effect of currency translation. Looking ahead, Unisys warned revenue growth would remain in the 4 percent range, after taking account of negative currency effects, through the remainder of 1999 as the company seeks to restructure its sluggish network and Windows NT services units. It also cited the year-end effect of a last-minute focus by customers on fixing year 2000 software glitches for that softness. The company said, however, it was comfortable with a fourth-quarter earnings target of 46 cents per share compared with 42 cents in the year ago fourth-quarter. Ahead of the opening bell on the New York Stock Exchange, Unisys shares stood at 42-1/4 after falling 7/8 on Wednesday.

To: Ben Sanford who wrote (65774)	10/14/1999 2:21:00 PM
From: Bryan	Read Replies (1) \| Respond to of 90042

Well I just had quite a ride watching the fills below $26 in UIS. What a crock of crap-o-la. Somebody ran a bunch of stop-losses through and now it's right back up @ 26 3/4 now. Classic squeeze. Think it goes higher now. I'm out if it goes down through $25 though. I'll take $30 today....can you wave your magic wand for me? bk