This company keeps introducing new supposedly innovative things, and yet the market responds with nothing, meaning they should sell out, and do everybody a favor, and stop kidding everybody, with false hope.
They always seem to be getting these ultra rich contracts, however its never reflected in any type of activity for the stock -- I guess everyone is giving up on UIS.
Not one to get excited about. With negative cash flow and negative net worth. Have a lot of work to right the ship, IMHO. Just look at the financials.
Yes, don't waste you time looking at this company. The tech industry has had 25 percent growth for 40 years and UIS is smaller today then it was in 1950. What else do you need to know?
Unbelievably, this new management seems even worse. The CEO's first action was to change to calling the employees "Associates". Real bonechiling nerves of steel there. Of course now, those Associates that were so valuable are on the street and the "leaders" that were there before are still there.
You are right about the rewrite. I led a team many years ago to help a big customer IT group rewrite a major app because the CEO had mandated a move to UNIX. We spent $750K (internal) to do the proposal. The rewrite was $14M with no obvious user benefits. You know where that went; trashcan.
Hasn't been a long term hold stock since 1988. You can easily make 3 bucks a share twice a year by not being greedy. That's like making 30%. Almost all the profit is in Clearpath mainframe software where customers are held captive by the operating system because they built so much custom code around the OS over the past decades that rewriting to a new platform sounds easy but trust me, it's not. I can't tell you how many customers I have sat across the table from as they signed their new 3 year agreement saying this will be the last time you see me signing a Unisys agreement. They were right. They usually got fired for not making progress getting off the OS and we got an extension from the "new guy"
Kind of wierd they didn't mention Clearpath at all which was why the numbers were as good as they were. Sounded like Weinbach's first conference call, profitable growth theme. Let's see what happens today.
I see headcount in reports had dropped from 23000 to 20000 over past year so they would drop to 18200 or so this year.
So I guess they beat the estimate, which is sad. Could be up based upon that. Same old story of pre-tax write offs that has been going on for decades. Only hope is the new guy can work a miracle.
Make your money short term.
You of course mean $1.8. Haven't parsed all the stuff because it is too depressing. God help them if tech ever craters.
The tax losses pretty sure expired. Now with today's restructuring over the next several quarters and pension expense 2015 is written off as a loss. I would expect a hammering in the stock price. Time to think about getting back in about $18
Hmm but why haven't they sold, drive stock price further down, and buy back when interest rate increases look more certain? NOL's good for 20 years.