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CALIFORNIA | LOCAL
December 22, 1998 | NICHOLAS RICCARDI, TIMES STAFF WRITER
The Los Angeles County Board of Supervisors agreed Monday to pay Unisys $20 million to cover some of the losses the company has incurred in building the county welfare department's new computer. The firm initially sought $25 million to cover its cost overrun, but agreed to lower the price because, its executive vice president said, it wanted to show good faith in its dealings with the county.
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CALIFORNIA | LOCAL
December 22, 1998 | NICHOLAS RICCARDI, TIMES STAFF WRITER
The Los Angeles County Board of Supervisors agreed Monday to pay Unisys $20 million to cover some of the losses the company has incurred in building the county welfare department's new computer. The firm initially sought $25 million to cover its cost overrun, but agreed to lower the price because, its executive vice president said, it wanted to show good faith in its dealings with the county.
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BUSINESS
September 12, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
To boost its technological prowess in creating high-speed data transfer networks, Timeplex, a subsidiary of computer maker Unisys Corp., said Tuesday that it has agreed to acquire the assets of Doelz Inc. Terms of the deal, which is subject to approval of shareholders of Irvine-based Doelz, were not disclosed. Doelz, which employs 60 workers, will be integrated into Timeplex, a manufacturer of high-speed data communications network equipment based in Woodcliff Lake, N.J.
BUSINESS
March 19, 1991
Unisys Corp., restructuring after the loss of two top executives last month, on Monday named Reto Braun president and chief operating officer. Braun had been executive vice president of Blue Bell, Pa.-based Unisys since May. In that post, he directed marketing operations for all areas of the world except Europe for the computer company, which has been struggling to return to profitability. The title of president had been held by James A. Unruh, Unisys' chairman and chief executive.
BUSINESS
March 19, 1991
Unisys Corp., restructuring after the loss of two top executives last month, on Monday named Reto Braun president and chief operating officer. Braun had been executive vice president of Blue Bell, Pa.-based Unisys since May. In that post, he directed marketing operations for all areas of the world except Europe for the computer company, which has been struggling to return to profitability. The title of president had been held by James A. Unruh, Unisys' chairman and chief executive.
BUSINESS
December 23, 1999
Eastman Kodak Co., the world's biggest photography company, named Unisys Corp.'s Robert Brust as chief financial officer, ending a search that began with the unexpected death of Harry Kavetas in May. Brust, 56, succeeds Jesse Greene, who became Kodak's acting chief financial officer after Kavetas died. Brust will report to Kodak President Daniel Carp, who will become the company's chief executive on Jan. 1.
BUSINESS
January 18, 1996
Unisys Corp.'s storage systems unit said it has struck a deal to work on a new disk-storage product with Sun Microsystems Computer Co. The new product from Sun Microsystems will use a Unisys disk storage system. Unisys said the value of the agreement to its Mission Viejo-based unit will be about $10 million in the first year of the partnership. Production is scheduled to begin early this year, the companies said. Sun Microsystems Computer Co.
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 12, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
To boost its technological prowess in creating high-speed data transfer networks, Timeplex, a subsidiary of computer maker Unisys Corp., said Tuesday that it has agreed to acquire the assets of Doelz Inc. Terms of the deal, which is subject to approval of shareholders of Irvine-based Doelz, were not disclosed. Doelz, which employs 60 workers, will be integrated into Timeplex, a manufacturer of high-speed data communications network equipment based in Woodcliff Lake, N.J.
BUSINESS
December 30, 1994 | From Times Staff and Wire Reports
Unisys to Cut 4,000 Jobs Worldwide: The Blue Bell, Pa.-based company, accelerating its transformation from a computer maker to an information services provider, will also take a one-time pretax charge of $175 million to $225 million for the fourth quarter to cover severance and other layoff-related expenses. The lost jobs are all in Unisys Corp.'
BUSINESS
August 15, 1997 | (Bloomberg News)
Computer Sciences Corp. said it has formed a team of information technology firms to pursue a contract worth about $3 billion to overhaul the Internal Revenue Service's computer system. The team will be made up of 388,000 information technology professionals from Computer Sciences, International Business Machines Corp., Northrop Grumman Corp., Immobiliere du Casino and Unisys Corp.'s federal systems division.
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