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TECHNOLOGY BRIEFS

Unisys Earnings Down 35%

April 17, 2001|Reuters

Unisys Corp.'s first-quarter profit fell 35% to $69.3 million, or 22 cents a share, in line with forecasts, reflecting slowing sales the company first cited in the fourth quarter. The computer services company said sales rose 6% to $1.62 billion. Unisys, which also supplies powerful mainframe-class computers, said it decided not to divest its federal computer services unit, citing weak market conditions, which had been under consideration as the company looks for ways to become more profitable.

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