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

To: jopawa who wrote (2191)	12/21/1998 8:57:00 AM
From: jopawa	Read Replies (1) \| Respond to of 2818

Unisys Robert Metz (12/15) Ever since Burroughts and Sperry merged in 1968 to better compete with IBM (IBM:NYSE), the combined company, Unisys (UIS:NYSE), has done poorly. It was weighed down by debt, and a shrinking market for mainframe computers cut profits. But a new management team that arrived a year ago is turning things around, says Money Talks stock columnist Robert Metz. Since the arrival of Chairman and Chief Executive Larry Weinbach from Andersen Worldwide, the stock has more than doubled. Besides bringing in a "heavy focus on profitability" from Andersen, Weinbach and his team also have developed good skills in managing human resources, which is particularly important for Unisys' growing services business. Indeed, with a de-emphasis of mainframes, services may contribute a little over half of 1999 operating profits, up from 41% this year. Goldman Sachs analyst Gregory Gould tells Metz he sees 20%-plus earnings growth in the next couple of years. He anticipates earnings per share of $1.04 in 1998 (up 128% over 1997's earnings) and $1.24 in 1999. Shares were trading at 33 1/16 at Friday's close.