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NEWS
July 7, 1988 | WILLIAM NOTTINGHAM and RALPH FRAMMOLINO, Times Staff Writers
Federal agents in the Pentagon fraud case are investigating what they suspect are falsified documents involving an airplane rented to the Sperry Corp. and owned by the former chief aide to the late Rep. Joseph P. Addabbo (D-N. Y.), according to interviews and documents obtained by The Times. The former aide, Richard W.
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BUSINESS
November 29, 1989 | From Associated Press
The U.S. government is entitled to some of the money American companies are awarded by an international tribunal created as part of the settlement of the 1981 Iran hostage crisis, a unanimous Supreme Court ruled Tuesday. The justices said the companies' rights are not violated by requiring them--rather than all U.S. taxpayers--to help defray the costs of the claims settlement process. The court upheld a 1985 law that allows the U.S. government to deduct 1.
BUSINESS
October 25, 1985
Sperry Corp. said it lost $187.9 million during its fiscal second quarter ended Sept. 30, compared to profits of $99.5 million in the comparable 1984 period. The business equipment manufacturer blamed the reversal on a loss of $230.6 million from its discontinued farm equipment business. An agreement to sell the Sperry New Holland business to Ford Motor was signed two weeks ago. Revenue for the quarter rose to $1.3 billion from $1.06 billion.
BUSINESS
June 12, 1985 | DJ
Sperry Corp.'s Electronic Systems Management division received an $11.1-million addition to a navy contract for frigate engineering services.
ENTERTAINMENT
August 31, 1987 | Arts and entertainment reports from The Times, national and international news services and the nation's press
Kirk Douglas has filed a $17.8 million breach-of-contract suit over his firing as celebrity spokesman for Sperry Corp. Douglas said he had a $2.5-million contract for a minimum of two years to do TV commercials and personal appearances and that it was terminated a year early after Sperry merged with Burroughs Corp. last fall to form Unisys Corp. A Unisys spokesman, Peter Hynes, said company lawyers have not seen the suit, filed in federal court in New York.
NEWS
May 14, 1986 | Associated Press
Sperry Corp. today called Burroughs Corp.'s $4.06-billion takeover offer inadequate and announced plans to buy back 47% of its own stock for $2.36 billion. Sperry said it would begin a tender offer for up to 29.5 million Sperry common shares at $80 per share in cash--$10 a share more than Burroughs' bid. Sperry also said it would not purchase any shares tendered by or on behalf of Burroughs.
NEWS
October 21, 1989 | From Associated Press
A former Sperry Corp. marketing executive pleaded guilty Friday to initiating a bribery scheme in which a Navy official was paid $400,000 to help the company compete for an electronics contract. Frank J. Lavelle, 68, who was marketing director at the company's Clearwater, Fla., facility, faces a possible 20-year prison sentence for participating in the scheme, which included other executives of Sperry. Sperry became part of Unisys Corp. after a 1986 merger with Burroughs Corp. U.S.
NEWS
July 15, 1989 | JOHN M. BRODER, Times Staff Writer
A former civilian Navy official on Friday confessed to taking $475,000 in bribes from two major defense contractors in exchange for confidential data on a Navy computer contract. Garland Tomlin Jr., 59, a 20-year Navy employee, admitted that he took $400,000 from Sperry Corp. (which later became Unisys Corp.) and $75,000 from Honeywell Corp. between 1982 and 1984 to provide the firms with detailed inside information about a $162-million Navy computer maintenance contract.
NEWS
March 10, 1989 | DOUGLAS JEHL, Times Staff Writer
In a major breakthrough in the Pentagon fraud case, a former vice president of the Unisys Corp. pleaded guilty Thursday to bribing then-high-ranking Navy official Melvyn R. Paisley to win multimillion-dollar Defense Department contracts. The executive, Charles F. Gardner, admitted that he had directed an associate in 1986 to use company funds to buy Paisley's Sun Valley, Ida., condominium at an inflated price in return for preferential treatment on Navy and Marine Corps business.
NEWS
January 19, 1989
Gerald G. Probst, 65, the veteran computer industry executive who rose through the corporate ranks to become chairman of Sperry Corp. Probst, a decorated World War II pilot, was named chairman and chief executive officer of Sperry in September, 1986, when the $5-billion computer and defense systems company merged with Burroughs Corp. to form Unisys Corp. He retired a few months later but continued to serve as a member of Unisys International's advisory board. In Salt Lake City on Sunday.
NEWS
July 7, 1988 | WILLIAM NOTTINGHAM and RALPH FRAMMOLINO, Times Staff Writers
Federal agents in the Pentagon fraud case are investigating what they suspect are falsified documents involving an airplane rented to the Sperry Corp. and owned by the former chief aide to the late Rep. Joseph P. Addabbo (D-N. Y.), according to interviews and documents obtained by The Times. The former aide, Richard W.
ENTERTAINMENT
August 31, 1987 | Arts and entertainment reports from The Times, national and international news services and the nation's press
Kirk Douglas has filed a $17.8 million breach-of-contract suit over his firing as celebrity spokesman for Sperry Corp. Douglas said he had a $2.5-million contract for a minimum of two years to do TV commercials and personal appearances and that it was terminated a year early after Sperry merged with Burroughs Corp. last fall to form Unisys Corp. A Unisys spokesman, Peter Hynes, said company lawyers have not seen the suit, filed in federal court in New York.
BUSINESS
November 11, 1986 | Associated Press
Burroughs Corp., swollen by its acquisition of Sperry Corp. into the world's second-largest computer manufacturer, on Monday adopted a new name: Unisys Corp. Chosen from 31,000 suggestions submitted by Burroughs and Sperry employees, the name is meant to suggest united information systems, but those words won't be part of the new corporate logo, said W. Michael Blumenthal, Unisys chairman. Adoption of the name ends a century of office-equipment production under the name Burroughs.
BUSINESS
November 29, 1989 | From Associated Press
The U.S. government is entitled to some of the money American companies are awarded by an international tribunal created as part of the settlement of the 1981 Iran hostage crisis, a unanimous Supreme Court ruled Tuesday. The justices said the companies' rights are not violated by requiring them--rather than all U.S. taxpayers--to help defray the costs of the claims settlement process. The court upheld a 1985 law that allows the U.S. government to deduct 1.
BUSINESS
November 11, 1986 | Associated Press
Burroughs Corp., swollen by its acquisition of Sperry Corp. into the world's second-largest computer manufacturer, on Monday adopted a new name: Unisys Corp. Chosen from 31,000 suggestions submitted by Burroughs and Sperry employees, the name is meant to suggest united information systems, but those words won't be part of the new corporate logo, said W. Michael Blumenthal, Unisys chairman. Adoption of the name ends a century of office-equipment production under the name Burroughs.
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