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CALIFORNIA | LOCAL
March 28, 2012 | Bloomberg News
Edson Spencer, who as head of Honeywell Inc. first battled IBM's dominance of the computer market in the 1980s, then gave in and focused his company on automation and aerospace technology, has died. He was 85. He died Sunday at his home in Wayzata, Minn., after battling progressive supranuclear palsy, a neurodegenerative brain disease, his family said. In his 34-year career at Honeywell — known as Honeywell International Inc. since its acquisition in 1999 by AlliedSignal Inc. — Spencer rose from an aeronautical engineer to the company's chief executive from 1974 to 1987.
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BUSINESS
October 9, 1991 | From Times Staff and Wire Reports
Unisys Sells $41 Million in Certificates: The Blue Bell, Pa.-based company said the bonds were backed by tax-exempt leases on the computer giant's equipment. Unisys Corp. and its subsidiaries have sold $550 million in assets so far this year as part of the company's plan to reduce debt and streamline operations. Among them are the $207-million sale of its Timeplex subsidiary and the $100-million sale of the company's Detroit office complex.
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
September 24, 1991 | From Times Staff and Wire Reports
Unisys Unveils New Mainframes: Unisys Corp. unveiled what it hopes will help salvage the weak business of the troubled computer maker: new high-end mainframes for airlines, governments and other intensive users of the high-powered machines. At a briefing in New York, company aides said Unisys has received more than $150-million worth of orders, a sorely needed boost for the nation's third-largest manufacturer of computers behind International Business Machines Corp. and Digital Equipment Corp.
BUSINESS
April 18, 1995 | LARRY JONES, TIMES STAFF WRITER
As of today, Unisys Corp. has two businesses with 150 employees in adjacent buildings in Camarillo. But by the end of this month, 74 of those workers will likely be performing the same jobs for a new employer, defense giant Loral Corp.
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
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
January 12, 2001 | Bloomberg News
Unisys Corp. said it will work with Microsoft Corp. and Dell Computer Corp. to produce and market electronic voting systems to counties throughout the country. Unisys said it is offering systems-integration services that may lead to hardware and software sales by Microsoft and Dell. The services would link voting functions such as registration and balloting, he said. "We're looking probably at a multibillion-dollar market," said Steve Hagan, spokesman for Blue Bell, Pa.-based Unisys.
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
September 27, 1990 | CARLA LAZZARESCHI, TIMES STAFF WRITER
After years of struggling to spur sagging sales, Unisys Corp., the nation's third-largest computer manufacturer, is expected to unveil plans Monday for new computer networking products and services designed to become the centerpiece of the company's business strategy for the rest of this century. Company officials declined to reveal details before the announcement in New York.
BUSINESS
April 5, 2000
3Com Corp. said it settled a lawsuit filed in November by Walt Disney Co. claiming 3Com failed to make payments under a 1997 software-bundling agreement. The suit was "settled on terms which were not material to our business, results of operations or financial condition," 3Com said. . . . Unisys Corp.
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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