March 22, 1995 |
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.
December 30, 1994 |
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 |
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.
July 20, 1994 |
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.
May 17, 1994 |
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.
February 8, 1994 |
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.
CALIFORNIA | LOCAL
February 5, 1994 |
Unisys Corp. has announced it is laying off 110 employees who work in the company's Camarillo facility developing computer software and is shifting the division's 15 other employees to San Jose. The outgoing employees were given 60-day notices Wednesday in a consolidation move that will effectively close the company's Distributed Systems Division in Camarillo, said spokesman Joe Barrett.
September 10, 1993
Odetics Inc. of Anaheim said Thursday that one of its subsidiaries has agreed to provide an automated tape library product to Unisys Corp. Odetics' ATL Products unit makes equipment that automates the storage and use of computer tape cartridges. The tape automation systems are used in centralized data libraries for storage and fast retrieval on computer networks of information previously not accessible by computer.