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October 15, 1998

WEINBACH MAKES RAPID PROGRESS AT UNISYS

By CBR Staff Writer

A year ago Unisys Corp brought in former Andersen Worldwide boss Lawrence Weinbach as CEO and the difference was immediate. Now the company has announced a $1bn reduction in debt and third quarter figures show net income up 87.8% to $95.6m, while revenues are up 8.9% at $3.4bn. Information systems is the company’s big growth generator. Its revenues are up 25% and margins have grown. Unisys no longer makes PCs, notebooks and low-end servers, so revenues in the computer business systems declined by 5%. But the remaining hardware business is holding its own and Unisys says that orders are well up on a year ago, driven by demand for Clearpath mainframes. Unisys also has high hopes for the launch next year of Cellular MultiProcessing CMP servers, which offer both clustering and symmetric multiprocessing (SMP) in a single system.

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