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

To: The Duke of URL© who wrote (2290)	3/4/1999 2:09:00 PM
From: jopawa	Respond to of 2818

March 3, 1999 UNISYS CORP (UIS) Annual Report (SEC form 10-K) MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Management's discussion and analysis of financial condition and results of operations is set forth under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Unisys 1998 Annual Report to Stockholders and is incorporated herein by reference. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT - MARKET RISK - Information concerning market risk is set forth under the heading "Market risk disclosure" in "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Unisys 1998 Annual Report to Stockholders and is incorporated herein by reference. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA The financial statements of Unisys, consisting of the consolidated balance sheets at December 31, 1998 and 1997 and the related consolidated statements of income, cash flows and stockholders' equity for each of the three years in the period ended December 31, 1998, appearing in the Unisys 1998 Annual Report to Stockholders, together with the report of Ernst & Young LLP, independent auditors, on the financial statements at December 31, 1998 and 1997 and for each of the three years in the period ended December 31, 1998, appearing in the Unisys 1998 Annual Report to Stockholders, are incorporated herein by reference. Supplementary financial data, consisting of information appearing under the heading "Quarterly financial information" in the Unisys 1998 Annual Report to Stockholders, is incorporated herein by reference. ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

To: The Duke of URL© who wrote (2290)	3/4/1999 2:10:00 PM
From: jopawa	Read Replies (1) \| Respond to of 2818

Thursday March 4, 9:56 am Eastern Time Company Press Release Unisys Completes Redemption of 6 Million Shares of Series A Cumulative Convertible Preferred Stock BLUE BELL, Pa.--(BUSINESS WIRE)--March 4, 1999--Unisys Corporation (NYSE: UIS - news) announced today that it had completed its previously announced call of 6 million shares of the Series A Cumulative Convertible Preferred Stock. During the call period, approximately 2.9 million shares of preferred stock were converted into common stock. Cash redemptions during the period were approximately $156 million. ''We were pleased with the results of this call,'' said Unisys Chairman and CEO Lawrence A. Weinbach. ''With the completion of this call and an earlier call in January, the company has now eliminated 8.2 million shares of preferred stock, reducing the total number of preferred shares outstanding by nearly 30% to 20.2 million shares. ''These actions reduce the company's annual preferred stock dividend payments by more than $30 million and are accretive to 1999 earnings per share. ''In light of the recent weakness in technology stocks, we are keeping a close eye on the market and expect to announce further actions on the preferred stock as conditions improve. In the meantime, we are focused on continuing our strategic and operational progress.'' Unisys said that, based on the 2.9 million shares of preferred stock that were converted during the call period, the company had issued 4.9 million shares of common stock, increasing the number of common shares outstanding to approximately 268 million. Unisys is a registered trademark of Unisys Corporation