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Unisys

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BUSINESS
December 8, 2000 | By Wendy Tanaka, INQUIRER STAFF WRITER
Unisys Corp. expects to meet analysts' fourth-quarter earnings estimate of 41 cents per share, the company said yesterday. During a conference with analysts in New York, the Blue Bell computer-services company also said it plans to take a fourth-quarter charge of $150 million to $175 million for 2,000 job cuts worldwide. Most of those cuts had been announced in the fall, when the company offered early retirement to 1,500 employees. Lawrence A. Weinbach, Unisys' chairman and chief executive officer, said yesterday that 750 employees had accepted that offer.
BUSINESS
January 20, 1987 | By FREDERICK H. LOWE, Daily News Staff Writer
Unisys, the Detroit-based computer manufacturer created by the merger of Sperry and Burroughs, expects to report a net loss for 1986 as a result of the marriage between the two companies. W. Michael Blumenthal, Unisys' chairman, said, without giving any figures, that the company's full-year loss would not be "a significant amount. " The company reported earlier that it would post a loss of $250 million to $275 million in the fourth quarter. The 1986 loss is result of the merger-related, after-tax charge stemming from the layoffs and other streamlining measures Burroughs launched after it acquired Sperry last fall for $4.8 billion.
BUSINESS
October 7, 1990 | By Valerie Reitman, Inquirer Staff Writer
Unisys Corp. chief executive James Unruh headed out to the company's television studio in Princeton Wednesday morning and took to the interoffice airwaves. For about 45 minutes, in his calm, unflappable manner, Unruh sought to allay employees' fears about the company's future. From dozens of Unisys installations across the country, employees called in questions for Unruh and clustered around closed-circuit TV sets to listen to his replies. There is no cash crisis, Unruh assured them.
BUSINESS
November 15, 1986 | By Andrea Knox, Inquirer Staff Writer
Unisys Corp. yesterday announced that it would sell its Aerospace Group for $1.025 billion to Honeywell Inc. The Aerospace Group is made up largely of the aerospace operations of the former Sperry Corp., which merged with Burroughs Corp. on Sept. 16. On Monday, the combined entity was renamed Unisys. The deal will be the second major asset sale by Unisys, which last week said it would sell most of the Memorex subsidiary of the former Burroughs Corp. for $550 million. Completion of the two deals, expected by the end of the year, would meet the company's goal of raising $1.5 billion through asset sales to help reduce the $3.4 billion in debt incurred by Burroughs in its acquisition of Sperry.
BUSINESS
March 26, 1987 | By Andrea Knox, Inquirer Staff Writer
In a bid to claw its way onto IBM's turf in the market for desktop computers, Unisys Corp. yesterday announced a new, more powerful desktop model based on Intel Corp.'s 80386 microprocessor. The 80386 chip, which broadens the range of functions that can be performed by desktop computers, is expected to become the the industry standard for the next generation of small computers. A number of other companies already are shipping computers that use the chip, and IBM is expected to introduce an 80386-based machine next Thursday that will be the successor to its PC series of personal computers.
BUSINESS
November 22, 1990 | By Valerie Reitman, Inquirer Staff Writer
Unisys Corp. has disclosed new details about how close it is to borrowing limits and other restrictions on its loan agreements with banks. The Blue Bell computer company, in a filing this week with the Securities and Exchange Commission, disclosed that its agreement with a bank syndicate required Unisys to have a minimum net worth - assets minus debts - of $3.5 billion. As of Sept. 30, Unisys had net worth, as defined by the banks, of $3.82 billion. The narrow margin on net worth could cause trouble for Unisys in two ways.
NEWS
January 22, 1987 | By S.E. Siebert, Special to The Inquirer
The Whitpain Board of Supervisors has denied an ordinance that would permit a Blue Bell computer company to construct a private heliport on its property. During a meeting Monday night, the board voted 3-0 to deny an ordinance requested by Unisys Corp. to allow heliports in I-Limited Industrial Districts in the township. Supervisors Leigh Narducci and William DeWald did not vote because of possible business conflicts. The supervisors had a hearing on the request last month.
BUSINESS
May 7, 1989 | By Valerie Reitman, Inquirer Staff Writer
In 1986, Unisys Corp. chairman W. Michael Blumenthal predicted that sales would begin to take off in late 1988, and really soar in 1989. Instead, the Blue Bell company is talking about making a Lazarus-like recovery in the second half of this year just to match 1988 sales and profits. And some Wall Street analysts are wondering whether Unisys ever will do more than hold its own in the increasingly turbulent computer environment. Indeed, Unisys has been accident-prone for the last six months.
BUSINESS
August 13, 2008 | By Miriam Hill INQUIRER STAFF WRITER
Unisys Corp. and high-rise residents of Two Liberty Place will continue their argument at a hearing tomorrow over whether the company can put its logo in large red letters near the top of the Center City building. The hearing at Philadelphia's Zoning Board of Adjustment, 1515 Arch St., will begin at 9 a.m. It follows a July 23 hearing that was so contentious that the board had to schedule another one so everyone could be heard. The battle pits Unisys, which plans to move its headquarters from Blue Bell to Two Liberty next year, against owners of luxury condominiums in the building.
BUSINESS
May 5, 1993 | Daily News Wire Services
Attorney General Ernie Preate Jr. and Pennsylvania Insurance Commissioner Cynthia M. Maleski yesterday joined in a class-action suit aimed at extending state protection to pensions for Unisys Corp. retirees in the state. Preate and Maleski said they have asked Commonwealth Court to rule that certain pension benefits purchased for Unisys employees from the now-insolvent Executive Life Insurance Co. of California be covered by the state insurance guaranty fund. "Such action would ensure that Pennsylvania employees' pensions are not placed in jeopardy by Executive Life's insolvency," they said in a statement.
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NEWS
April 20, 2016 | By Tia Yang, Staff Writer
John J. O'Neill, 89, of Blue Bell, a lead computer programmer on the Gemini space program in the 1960s, died of complications of cancer Monday, April 11, at Normandy Farms Estates. Mr. O'Neill was born in Philadelphia and raised in Easton, Pa. After high school, he served as a corpsman in the Navy on the Tranquillity during World War II. The Tranquillity saw action in the Pacific transporting wounded personnel. After his service, Mr. O'Neill attended Temple University, where he met his wife, Claire.
BUSINESS
October 16, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Are investors rushing in where banks fear to tread? Amid the stock market surge of the last couple of years, buyers of smaller, private U.S. companies worth $10 million to $250 million have borrowed more money to finance deals, while investing less of their own, says Philadelphia investment banker Andy Greenberg . He tracks these deals as a partner in GF Data , a West Conshohocken firm that collects company sales prices and terms from...
BUSINESS
October 8, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
Unisys Corp. shares tumbled Monday to $20.84, down 11.69 percent, after the Blue Bell-based computer services and systems company said it ousted chief executive J. Edward Coleman, six years after the former Gateway Inc. boss was hired to turn the company around in a howling recession. His board gave Coleman credit for slashing debt and other costs and preparing new services for the fast-changing business-software market. But after years of lower sales and recent weaker-than-expected profits, lead independent director Paul Weaver said in a statement that it was time to search for a new leader for the company, which employs 23,000 worldwide.
BUSINESS
July 21, 2014 | By Linda Loyd, Inquirer Staff Writer
Unisys Corp. got some good news from the Commonwealth of Pennsylvania this week: a $681 million contract to consolidate and manage seven data centers for the state in a remotely accessible cloud. For the Blue Bell technology company with a long history of innovation, it was a welcome shot in the arm. Since the arrival in fall 2008 of J. Edward Coleman as chairman and CEO, Unisys has stabilized the business, repaid debt, slashed costs, and returned to a growth trajectory. After a strong fourth quarter in December, investors were expecting a great start to 2014.
BUSINESS
July 16, 2014 | By Bob Fernandez, Inquirer Staff Writer
Unisys Corp. will consolidate seven Commonwealth of Pennsylvania computer data centers into a remotely accessible cloud under a $681 million contract, the Blue Bell company said Monday. The contract will run for seven years, with the option for three one-year renewals. "The idea is to provide services to every organization in state government," Unisys spokesman Brad Bass said Monday. Any state agency can come to Unisys for information-technology services, Bass said. After implementation is completed over the next 30 months, Pennsylvania will have one of the most extensive outsourced cloud-computing infrastructures among state governments, said Dan Egan, spokesman for the Office of Administration in Harrisburg.
BUSINESS
February 20, 2013
In the Region Bread recalled by Bimbo   Bimbo Bakeries , whose U.S. headquarters is in Horsham, announced a voluntary recall of some bread products because of the possible presence of flexible wire, which the company said came from a faulty screen at a third-party flour mill. Recalled products distributed in both Pennsylvania and New Jersey, among other states, with "Best By" dates through Feb. 17 printed on the wrapper, are Aldi L'Oven Fresh Hearty 12 Grain; Arnold Healthful 45 Calories Per Slice Multigrain; Stroehmann Dutch Country 100% Whole Grain; Earthgrains 12 Grain Natural Bread and Sara Lee 12 Grain Bread Hearty & Delicious.
BUSINESS
April 25, 2012 | Inquirer Staff Report
Shares of Unisys Corp. were among the biggest movers Wednesday after the Blue Bell information technology company reported a rare quarterly revenue increase as well as higher profit. Unisys shares closed up 20 percent, or $3.30, to $19.70, making it the second-biggest gainer on the New York Stock Exchange. After stock market trading had ended Tuesday, the company announced first-quarter revenues of $928.4 million, up 2 percent from $911.2 million for the same quarter in 2011.
NEWS
December 20, 2011
Albert Rusko, 86, of Oxford Circle, a retired computer engineer, died of complications from sepsis Thursday, Dec. 15, at Aria Health-Torresdale Campus. Mr. Rusko, whose parents emigrated from what is now Slovakia, grew up in Port Richmond and graduated from North Catholic High School. At 17, he joined the Army. He served in the South Pacific in World War II and saw action in the Philippines. After his discharge, he earned an associate's degree from Temple University and then joined Burroughs Corp.
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