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Unisys Corp

BUSINESS
October 7, 1995 | From Reuters
Unisys Corp., the computer maker that has struggled to regain its former glory, said Friday that it would dismantle its management structure and form three businesses with distinct sales forces. The restructuring will result in job losses and a significant charge against earnings, the company said, though company officials would not elaborate. The announcement marked the fifth financial or organizational shake-up at the company since 1991, when Unisys took a $1.
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BUSINESS
April 22, 1995 | From Times Wire Services
No-frills carrier Southwest Airlines Co. on Friday reported a sharp drop in first-quarter profit, saying its bottom line was hurt by cutthroat fare wars and the company's aggressive expansion. The Dallas-based carrier's net income plunged to $11.8 million, or 8 cents a share, in the quarter ended March 31 from $41.8 million, or 28 cents a share, in the year-ago period. Operating revenue rose to $621.0 million from $619.4 million.
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
March 22, 1995 | From Associated Press
Unisys Corp. continued a nine-year quest for sustained profits Tuesday by announcing the planned sale of its defense and aerospace holdings to Loral Corp. for $862 million. The computer company is shedding about a fourth of its operations. They employ about 8,500 people in the United States and Canada and generated $1.4 billion in revenue last year. The sale represents Unisys' latest effort to halt a downward spiral in revenue since it was formed in the 1986 merger of Burroughs Corp.
BUSINESS
December 30, 1994 | JOHN O'DELL, TIMES STAFF WRITER
Unisys Corp. said Thursday that it will cut 4,000 jobs from its worldwide payroll in 1995 as it continues to shift its focus from hardware to services. The computer and information services company has three facilities in Orange County with a total of about 2,000 employees. Worldwide, the company employs about 46,900. Officials at Unisys headquarters in Blue Bell, Pa., could not be reached for comment on where the cuts are likely to be made.
CALIFORNIA | LOCAL
July 28, 1994 | FRANK MESSINA
Some 1,300 employees of a local computer manufacturer have been setting aside personal belongings during the past year for the fifth annual Unisys Corp. rummage sale. The sale Saturday will benefit Saddleback Community Enterprises, a nonprofit organization that trains developmentally disabled men and women. The sale will be spread across the parking lot of the company plant at 25725 Jeronimo Road. The event will be from 8 a.m. to 2 p.m.
BUSINESS
July 20, 1994 | From Times Wire Services
Merrill Lynch & Co., the nation's largest brokerage, and Lehman Bros. Holdings Inc., the investment banking firm, reported sharp drops in quarterly profit Tuesday due to this year's financial market plunge. Brokerage analysts said the results continued the recent trend of depressed earnings at major Wall Street firms. "The market turned out to be more difficult than many people expected," said Raphael Soifer, an industry analyst at Brown Bros. Harriman & Co.
BUSINESS
May 17, 1994 | Jack Searles
Vitesse Semiconductor Corp., a Camarillo firm that has struggled to persuade computer makers to use its advanced but costly gallium arsenide chips, has started shipping its high-speed chips to Unisys Corp., one of the nation's leading computer companies. Lou Tomasetta, Vitesse's president and chief executive, says it's too soon to estimate how the arrangement will affect his firm's bottom line, since only a few hundred of the units have been shipped so far.
BUSINESS
February 8, 1994 | JACK SEARLES
A total of 115 employees are being laid off by two Camarillo concerns involved in the computer industry. In the larger layoff, 95 jobs are being eliminated due to the closure of Unisys Corp.'s commercial software unit in Camarillo. The unit is being combined with a similar operation in San Jose. In addition to those laid off, 15 workers are being transferred from Camarillo to San Jose.
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