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BUSINESS
January 20, 2010 | By Nathan Olivarez-Giles
Molina Healthcare Inc., based in Long Beach, announced Tuesday that it has agreed to buy Unisys Corp.'s health information management unit for $135 million in cash. The unit of Unisys, which is an information technology services company, designs, develops and implements medical record systems outsourced by state governments to run their Medicaid systems, said J. Mario Molina, Molina Healthcare's chief executive. "Every state has a Medicaid system, and Medicaid contracts are big contracts and they don't come up to often," Molina said.
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BUSINESS
January 20, 2010 | By Nathan Olivarez-Giles
Molina Healthcare Inc., based in Long Beach, announced Tuesday that it has agreed to buy Unisys Corp.'s health information management unit for $135 million in cash. The unit of Unisys, which is an information technology services company, designs, develops and implements medical record systems outsourced by state governments to run their Medicaid systems, said J. Mario Molina, Molina Healthcare's chief executive. "Every state has a Medicaid system, and Medicaid contracts are big contracts and they don't come up to often," Molina said.
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BUSINESS
October 16, 1987 | Associated Press
W. Michael Blumenthal, chairman and chief executive of Unisys Corp., received the highest salary and bonuses of any executive in the U.S. electronics industry last year, according to a survey released Thursday. Blumenthal was paid $2.18 million in 1986, the year he engineered Burroughs Corp.'s $4.8-billion takeover of Sperry Corp., which created Unisys, Electronic Business magazine said. Blumenthal, who fled Nazi Germany as a child, was a Treasury secretary in the Carter Administration.
BUSINESS
September 6, 2006 | From the Associated Press
Sun Microsystems Inc. and Unisys Corp. have filed a U.S. lawsuit against South Korea's Hynix Semiconductor Inc., apparently seeking damages related to a memory chip price-fixing investigation by the federal government, Hynix said. Hynix said in a disclosure to South Korea's Financial Supervisory Service that the companies jointly filed the lawsuit in U.S. District Court in Northern California. A spokesman for Hynix said the company would seek an out-of-court settlement.
BUSINESS
February 9, 1987
The computer maker said it will close its semiconductor operations in Minnesota and move the work to California at a cost of 900 jobs. A Minnesota semiconductor plant in Eagan and a packaging operation in Roseville, which were part of the old Sperry operation, will be closed by December. The work from both places will be moved to Rancho Bernardo, Calif., which was part of the old Burroughs. About 100 Minnesota workers will be offered jobs at the Rancho Bernardo plant, Unisys said.
NEWS
April 22, 1989 | DOUGLAS JEHL, Times Staff Writer
In an apparent indication of the prosecution's next thrust in the massive Pentagon fraud investigation, the government released documents Friday detailing a scheme involving three previously unnamed executives of the Unisys Corp. who allegedly conspired to pay Defense Department officials for privileged information. The documents focus on a Unisys operation in Eagan, Minn., where executives are alleged to have paid defense consultants to gather confidential details about a $100-million Marine Corps contract.
BUSINESS
November 24, 1986
The company plans to reduce its work force by a total of 9,600 employees as part of its plan to eliminate duplication in the company. The layoffs affected management and salaried employees. The company is the second-largest computer maker in the country and was formed by the merger last summer of Burroughs and Sperry.
BUSINESS
November 15, 1986 | MICHAEL A. HILTZIK, Times Staff Writer
In its second major divestment since becoming the nation's second-largest computer company, Unisys Corp. announced Friday that it has sold the former Sperry Aerospace Group to Honeywell for $1.025 billion. Sperry Aerospace had been up for sale since the September merger of Burroughs and Sperry that created Unisys.
NEWS
September 24, 1987 | WILLIAM C. REMPEL, Times Staff Writer
An aerospace engineer and one of her former staff members have accused Unisys Corp., a major space shuttle subcontractor, of forcing them from their jobs at the Johnson Space Center in Houston after they reported quality control violations and management irregularities to their superiors. The allegations are contained in a $5.
BUSINESS
June 13, 1989
Amperif Corp. announced that it has appointed Frank J. Vukmanic as vice president of marketing and sales. Vukmanic, who came to Amperif from Unisys Corp., where he was vice president and general manager of the Federal Information Systems Division, replaced Peter Zinsli, who will begin directing Amperif's establishment of operations in Europe. The Chatsworth-based Amperif is a developer and supplier of storage systems for mainframe computers.
BUSINESS
October 15, 2002 | Bloomberg News
Unisys Corp. said third-quarter earnings nearly tripled as the seller of business computers and related services reduced costs to offset declining sales. Net income rose to $59 million, or 18 cents a share, from $20.9 million, or 7 cents, in the year-earlier period, the Blue Bell, Pa.-based company said. Sales dropped 3.2% to $1.33 billion. Analysts had forecast earnings of 17 cents on sales of $1.38 billion. Unisys shares rose 76 cents to $6.76 on the NYSE.
BUSINESS
August 6, 2002 | Bloomberg News
Unisys Corp., a seller of data services and corporate computers, won a federal contract to coordinate U.S. airport security over a computerized network. It has a potential value of $1 billion over seven years. The contract calls for a central data center linked to airports, air marshals and field offices of the new Transportation Security Administration. It will include computer and software services, help desks and network management. Unisys shares fell 18 cents to $7.11 on the NYSE.
BUSINESS
October 16, 2001 | Reuters
Unisys Corp. reported a 51% drop in third-quarter profit on weakening demand for server computers and systems integration work and said it will cut 3,000 jobs. Profit fell to $20.9 million, or 7 cents a share, on an 18% decline in revenue to $1.38 billion. The firm said cost controls helped results beat analysts' average estimate by 2 cents. Revenue in the services business was little changed from a year ago; hardware sales declined 21%.
BUSINESS
July 17, 2001 | Reuters
Unisys Corp. said second-quarter earnings fell 51% to $29.3 million, or 9 cents a share, matching analyst expectations, and said profit for the rest of the year will fall short of Wall Street forecasts because of weak global conditions. The computer services company said sales rose 3% to $1.46 billion from $1.42 billion. That comparison does not include the company's less profitable sales of computers, which Unisys has been de-emphasizing. The Blue Bell, Penn.
BUSINESS
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.
BUSINESS
September 19, 2000 | JAMES PELTZ and MICHAEL HILTZIK
MGM Mirage (MGG) Jim: Buy Mike: Buy Jim: This stock brings us back to the gaming sector, which is one of your favorites, right, Mike? Mike: Yep. Except my last couple of picks left me feeling like I've watched the dealer hit a natural while I was holding at 20. I keep getting slapped down. But you know what? I'm stepping back up. Jim: Really? Mike: I'm putting my money back down on the felt. Jim: You're recommending the stock before we even start? Mike: I am. Jim: Guess what? Me, too.
BUSINESS
October 24, 1997 | From Bloomberg News
Brazil said Thursday that it will split its telephone monopoly Telecomunicacoes Brasileiras into 12 companies, paving the way to open the industry to competition and asset sales the government hopes will raise $30 billion. The government divided the telephone company, known as Telebras, into nine wireless units and three fixed-line operators. Each new company will serve a geographic region. The reorganization is to Brazil what the 1984 breakup of American Telephone & Telegraph Co.
NEWS
June 4, 1987 | Associated Press
The Rev. Leon H. Sullivan, saying his widely used fair-employment principles have failed to bring an end to South Africa's apartheid, called on nearly 200 American businesses Wednesday to pull out of that nation within nine months. Sullivan, a Philadelphia Baptist minister whose 10-year-old code of conduct has become the standard for U.S. companies in South Africa, also said he wants the U.S. government to enact an economic embargo against South Africa.
BUSINESS
June 30, 2000 | Bloomberg News
Unisys Corp. shares tumbled 36%, their biggest drop ever, after the Blue Bell, Pa.-based computer maker and services company said second-quarter profit would miss already-reduced estimates because mainframe sales fell. In the third warning in nine months, Unisys said it will report profit of 18 cents to 20 cents a share before a charge, down from 37 cents a year ago. Revenue was $1.62 billion to $1.65 billion, as much as 15% less than last year.
BUSINESS
March 27, 2000 | Reuters
Deutsche Telekom appeared poised to fortify its information technology activities after weekend reports that it that seeks to add Unisys Corp. to its takeover list after winning the bid for Debis Systemhaus, the information technology unit of auto maker DaimlerChrysler, according to German magazine Focus. A spokesman for DT declined to comment Sunday on the report, and no Unisys spokesman was reachable for comment.
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