Hi Pat! As a member of the ‘Inner Circle’ this is my first submitted question and I would appreciate your thoughts. There have been some recent articles on Unisys, a technology company that operates in two business sectors, Service and Technology. Is this stock a buy? Thank you.
Unisys Corp., $1.34, symbol UIS on New York (Shares outstanding: 370.3 million; Market cap: $496.2 million), sells information-technology services to businesses and government agencies. The United States government accounts for 17% of its revenue.
Unisys has two divisions:
1) The services division, which accounted for 88% of Unisys’s 2008 revenue, designs, builds and manages computer systems for its clients. These systems perform a wide variety of routine tasks, such as banking transactions, cheque processing, income-tax processing, airline-passenger reservations, newspaper-content management and shipping-port management. Automating these tasks helps Unisys’s clients lower their costs and focus on their core businesses.
2) The technology division, which contributed the remaining 12% of the company’s 2008 revenue, develops and sells specialized servers. (Servers are computers that manage shared files or programs on a network.)
In the three months ended March 31, 2009, Unisys lost $24.4 million, or $0.07 a share. This is up from a loss of $23.4 million, or $0.07 a share, a year earlier. The company lost…
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