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

To: jopawa who wrote (2232)	1/14/1999 3:27:00 PM
From: jopawa	Respond to of 2818

Thursday January 14, 11:59 am Eastern Time Company Press Release Unisys Awarded Two Information Technology Services Contracts From Department Of Transportation -- Potential Value Is $200 Million Under ITOP II Unisys will provide full range of information engineering and support services, such as application development, seat management, Web site development and e-commerce support MCLEAN, Va.--(BUSINESS WIRE)--Jan. 14, 1999-- Unisys Corporation Thursday announced that it has been awarded two Information Technology Omnibus Procurement (ITOP) II contracts from the U.S. Department of Transportation to provide a range of information engineering and support services. Unisys was awarded prime contracts on two programs, or ''lots'' of the contract: Information Systems Engineering (ISE) and Systems Operations and Management (SOM) Support Services. The potential value of the award to Unisys is $200 million. Under ITOP II vendors will be able to provide a broad range of information technology solutions. As one of a select group of prime contractors awarded two lots, Unisys expects to provide seat management, help desk, office automation, network support and telecommunications services under the SOM lot; and applications development, systems integration, Web site development, software engineering, strategic planning, Business Processing Reengineering, electronic commerce support and software lifecycle management under the ISE lot. ITOP II, a follow-on to the widely used ITOP contract awarded in 1996, is a seven-year, multi-billion dollar, multiple-award, Indefinite-Delivery, Indefinite-Quantity contract available to all federal government agencies. The intelligent transportation systems for state governments will also be procured under ITOP II, as mandated by the Transportation Equity Act for the 21st Century (TEA-21). Unisys received very high customer satisfaction ratings on the current ITOP contract and won 40 task orders under ITOP ISE, more than any other prime contractor. ITOP II has several new features including unlimited hardware content and no dollar limitations on task orders. ''This award reinforces our commitment to the Department of Transportation,'' said James F. McGuirk, Unisys senior vice president, and president, Unisys Federal Systems. ''ITOP II is a fast-cycle procurement designed to permit federal government agencies to procure or lease the complete range of information technology solutions - covering services, software and hardware. ''Based on our past success on ITOP and our focus on providing IT solutions for the federal government, we anticipate using ITOP II to support TEA-21, seat management initiatives and other traditional IT services.'' Unisys team members on the ITOP II ISE lot include: Cambridge Systematics, Centech, CGH Technologies, DSD Labs, HTE-UCS, KPMG, Marconi/QSI (TRACOR), MRJ, and United Information Systems. Unisys team members on the SOM lot include: AINS, AT&T, Avalon Integrated Systems, DSD Labs, HTE-UCS, Management Systems Designers, Marconi/QSI, United Information Systems and Wheat International. About Unisys Unisys (NYSE:UIS - news) is more than 33,000 employees helping customers in 100 countries apply information technology to solve their business problems. Unisys solutions are based on a broad portfolio of global information services including systems integration, outsourcing, ''repeatable'' application solutions, consulting, network integration, remote network management, and multivendor maintenance and support, coupled with enterprise-class servers and associated middleware, software and storage. Repeatable solutions are focused on key vertical markets including financial services, transportation, telecommunications, government, publishing and other commercial markets. Headquartered in Blue Bell, Pennsylvania, in the Greater Philadelphia area, Unisys 1997 annual revenue was $6.6 billion. Access the Unisys home page on the World Wide Web - unisys.com - for further information. Unisys is a registered trademark of Unisys Corporation. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holde

To: jopawa who wrote (2232)	1/14/1999 3:28:00 PM
From: jopawa	Respond to of 2818

Thursday January 14 12:02 PM ET Unisys Net Rises 60 Percent, Led By Services Gains BLUE BELL, Pa. (Reuters) - Unisys Corp. (NYSE:UIS - news) on Thursday posted fourth quarter net income of $139 million, up 60 percent from the year-ago quarter, as the long-time mainframe computer maker showed solid progress on its transformation into a computer services firm. The company earned 42 cents per diluted share in the fourth quarter compared to 25 cents per share before charges in the year-ago quarter. The $1.1 billion in charges, mostly tied to writing off goodwill owing from Unisys' creation in 1986, led it to report a loss of $4.75 a share in final 1997 quarter. The latest quarter's results were 2 cents per share ahead of Wall Street's consensus expectations of 40 cents per share, according to First Call, which compiles brokerage estimates. Revenue in the fourth quarter grew 8 percent to $2.05 billion from $1.90 billion a year ago, while its estimated backlog of services contracts rose to $3.4 billion at the end of 1998 compared to $2.9 billion at the end of 1997. Unisys said revenues in its Information Services business rose 15 percent in the quarter, with strong order gains. Its Global Customer Services unit grew 6 percent as double-digit growth in personal computer services offset a drop in mainframe maintenance revenue. Its computer hardware business grew 3 percent in the quarter, weighed down by difficult comparisons after exiting the personal computer business last year. Looking forward, Unisys Chairman and CEO Larry Weinbach said the company remained committed in 1999 to generating earnings growth at twice the rate of revenue growth and that he had confidence the company can meet such financial goals.

To: jopawa who wrote (2232)	1/14/1999 3:29:00 PM
From: jopawa	Respond to of 2818

Thursday January 14, 12:32 pm Eastern Time Unisys granted DOT contract up to $200 mln McLEAN, Va., Jan 14 (Reuters) - Unisys Corp. said Thursday it has been awarded two information technology contracts valued up to $200 million from the U.S. Department of Transportation to provide a range of information engineering and support services. As one of a select group of prime contractors, Unisys expects to provide seat management, help desk, office automation, network support and telecommunications services, planning, and Internet and software development. The information technology contracts are a follow-on to the widely used seven year, multibillion dollar ITOP contract awarded in 1996. Unisys team members on the contracts include KPMG, Centech, Cambridge Systematics, AT&T Corp. (NYSE:T - news), and Marconi/QSI among others.

To: jopawa who wrote (2232)	1/14/1999 3:30:00 PM
From: jopawa	Read Replies (1) \| Respond to of 2818

Thursday January 14, 2:31 pm Eastern Time INTERVIEW - Unisys CEO sees no Brazil drag on 1999 By Eric Auchard NEW YORK, Jan 14 (Reuters) - Unisys Corp. (NYSE:UIS - news) remains comfortable with the current mid-range of Wall Street earnings forecasts for 1999, even in the event of further currency devaluations in Latin America, its CEO said on Thursday. In a phone interview following the Blue Bell, Pa.-computer services company's fourth-quarter report, Chairman and Chief Executive Larry Weinbach said he was comfortable with 1999 brokerage earnings estimates of between $1.25 and $1.30 a share. Weinbach said additional repurchases of the company's 26 million or so remaining preferred shares would add to 1999 earnings per share beyond that range, but that such purchases were subject to market conditions. He said the company's internal forecast for its financial results for the coming year had figured in a possible 7.5 percent devaluation of the Brazilian real and that the company's results could withstand further currency hits. On Wednesday, Brazil slashed the value of its currency by more than 8 percent, leading to a wave of devaluations across Latin America and concerns about the move's ripple effects on world markets, as well as U.S. companies doing business in the region's biggest economy. ''We are not uncomfortable with our projections even if further devaluations reach the 15 to 18 percent range,'' Weinbach told Reuters. Brazil accounts for between 5 and 5.5 percent of total Unisys revenues. Latin America overall produces 11 percent of the total, although no other country contributes more than 2 percent, he said. Generally, Weinbach said Unisys expected overall 1999 revenues to grow between 8 and 10 percent, and that earnings growth would be twice the rate of estimated revenue growth. A year or two out, as the full impact of the company's turnaround is realized, Weinbach repeated his forecast that Unisys would show double-digit growth in 2000 and 2001. While noting the progress in the two-thirds of its business now devoted to computer services, he said the company had calculated flat revenue growth in computer hardware server sales during 1999 because of Year 2000 concerns among customers. Unisys anticipates a wave of corporate buying of its powerful server machines in the first half of 1999, offset by a sales slowdown in the second half, as customers focus on preparing existing computer systems for the 2000 date change. ''Server sales for 1998 were in the double-digits,'' Weinbach said. ''We see very strong growth in the first half this year, but we see a slowing in the second half,'' the CEO said. ''Year-on-year, we see flat sales between 1998 and 1999,'' he said of hardware sales -- one-third of total revenues. Earlier, the company posted fourth-quarter net income of $139 million, up 60 percent from the year-ago quarter, as the long-time mainframe computer maker reported solid progress on its transformation into a computer services provider. The latest quarter's results were 2 cents per share ahead of Wall Street's consensus expectations of 40 cents per share, according to First Call, which compiles brokerage estimates. After the report and a conference call with analysts, Unisys stock gained $1 to $34.44 in active composite trading on the New York Stock Exchange by mid-afternoon Thursday.