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Technology Stocks : Unisys: Computer Solutions and Services Worldwide -- Ignore unavailable to you. Want to Upgrade?


To: Chisy who wrote (2665)1/18/2000 10:12:00 PM
From: The Duke of URLĀ©  Respond to of 2818
 
"Seems Mr. Weisburg has done an about face..."

Wow!!! wouldn't it just be totally wacko if instead of contemplating a massive polemic etymological public relations manipulation/conspiracy--he might just be telling the truth?? :)))



To: Chisy who wrote (2665)1/18/2000 11:24:00 PM
From: Dinesh  Read Replies (1) | Respond to of 2818
 
Chisy

Weinburg spoke out in response to someone questioning
his "humble" stance in public. Remember, this guy came
from an accounting firm where chest-thumping is not the
usual method of communication (methinks).

So he said that Unisys is on the mend, that he'd be prudent
and reduce/wipe-out the debt instead of a stock buyback,
and that Unisys is now firmly integrated in the new economy.

He talked positively about the Technology side. Y2K had been
bad, but I don't think we'll see another Y2K anytime soon.
Approx. 15% of Unisys revenues are from Uncle Sam, and some
big number from Banking. These industries are extremely
conservative when it comes to data processing. Banks got
to -- deep pockets + too many lawyers.

He also mentioned a huge order backlog in the service area,
but - watch Mr. Prudent - emphasized that it takes time
to recognize such revenues.

He didn't seem interested in pumping the stock up. As a
long-term investor, I appreciate that. I have purchased
UIS stock off and on, since it was 2 1/4, so I am pleased
with my investment returns. But, then, a few bucks here
and there I really don't care as much as someone who bot
at say $20.

B2B requires a lot of hardware and software. Slapping
together a website is but a small part of the game. Just
an Apache server and a NT/SQL7 box in a rack at some ISP
doesn't really cut it.

All in MHO. Do your own DD before making your investment
decisions.
-Dinesh