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

To: jopawa who wrote (2193)	12/21/1998 7:19:00 PM
From: jopawa	Read Replies (1) \| Respond to of 2818

Unisys to Hire 6,500 to Expand Its Services Business (Update2) Unisys to Hire 6,500 to Expand Its Services Business (Update2) (Adds Unisys ranking among service companies in 2nd paragraph.) Blue Bell, Pennsylvania, Dec. 21 (Bloomberg) -- Unisys Corp., which gets two-thirds of its revenue from running other companies' computer systems, said it will hire about 6,500 people next year to expand its workforce by 10 percent. Blue Bell, Pennsylvania-based Unisys, the world's ninth- largest computer-services provider, now has about 33,000 workers, though about 10 percent leave the company each year. Unisys, which also makes large computers, said most of the new workers will maintain and install computer networks for businesses. Unisys Chairman and Chief Executive Lawrence Weinbach plans to increase to 80 percent the portion of the company's annual revenue coming from computer services by 2001. Unisys fired 11,900 employees in 1994 and 1995 amid mounting losses and a slowdown in mainframe computer sales. ''The company wants to change from a restructuring story to a growth story,'' said Jim Corridore, an analyst at Standard & Poor's Equity Group. Unisys rose to 13/16 to a record 33 7/8. The stock's almost tripled since last December, when it traded at 11 1/2. Unisys is the seventh-best performing stock in Standard & Poor's 500 Index for 1998. Unisys third-quarter profit rose 88 percent to $95.6 million, or 26 cents a share, largely due to growth in the company's services business. Unisys reported an operating profit of $27 million for its business of installing computer systems, compared to an operating loss of $10 million a year earlier. ''They've done an amazing job of restoring the balance sheet and regaining the confidence of Wall Street,'' said Corridore, who rates Unisys ''accumulate.

To: jopawa who wrote (2193)	12/30/1998 12:34:00 PM
From: Steven M. Lulewicz	Read Replies (1) \| Respond to of 2818

Latin America will be a gold mine for UIS. When I worked in Argentina (96-98) they were the only major company of their type available. Of course there are smaller local companies, but UIS was hiring the best of these people into their ranks. We tried to tempt a guy from UIS (with a massive salary) to be our IT guy and he wouldn't do it - liked where he worked to much and an amazing possibility of upward mobility. As down as the markets are in Latin America I have great faith in the people there to improve their lives and economies. Too many stereo-types about Latin America for mainstream North American investors. I, personally, have many Latin American stocks as well as stocks with business interests there. The upside is too great to pass up. I just have to ride out the hysteria related to "3rd world" economies.