UIS going back to $2 pretty soon, will eventually file bankruptcy in my opinion, no innovation whatsoever.
I actually believe that the bigger problem is that UIS dug a hole so deep many many years ago that it would take a magician to pull them out of the spiral now. It is easy to talk about reinventing a company, but few accomplish it. It would take something dramatic. When Altabef took over, I went back and looked at his history. Although he seemed competent, there was nothing in his background that said he was a visionary. But as I said, by that time it was too late anyway.
After owning Unisys stock for many years. I thought they were smart, and would develop a new phone app, security software or ANYTHING. I just kick myself for not selling out years ago. I don't think they are stupid. Now, I think they are just LAZY and are just going to milk it until it is dead. From 6 Billion in sales to 600 million. Very very sad.
UIS going to be a $2 stock pretty soon, sold all my shares, too much debt, and they owe so much in pensions, that's a huge burden for any company
Argh ! another 5% loss...when does this stop?
UIS will go back to being a $2 stock, guaranteed, just watch and see
My guess is that UIS is due for a pullback in the short-run. check out awe*some*sto-ck*s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
Can't wait until UIS goes back down to $2.00, I will go back in when it does.
Let's not forget that this is really $.905.
UIS may be a compelling opportunity. Yo you should really check out awe-som*sto-cks, they seem on point with their stocks.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks is
Mr. Altabef and his minions should be shown the door by the Board before there is nothing left. He has been an absolute train wreck laying off thousands of man years of customer experience. Stuffed the management ranks with his friends who are no better than he is (which is very poor). Look at SG&A vs revenue. He is a real loser
So to me the essential issue for Unisys will be how to monetize any remaining IP to further reduce the pension liability and then hope the remaining cash flow from ClearPath (which unfortunately might be the IP), combined with any Federal contracts might entice some competitor to take a flyer. Just a wild guess. Dubious at best.
Given IBM's weakness and their own remaining need for mainframe cash flow, could they possibly figure out a way to do this? Buying UIS is still a rounding error, absent the pension liability. Assuming a bankruptcy where they could foist the pension on the PBGC, could IBM buy it for the CP cash flow and blow away most of the rest?
Hard to imagine, remembering the consent decree that tried to prevent IBM from dominating the market through bundling. Would have made more sense when IBM was still making the ASICs for ClearPath.
Looking at the website, it is hard to see a way forward. Providing services to Dell and other is commodity business. Airlines application hosting is a legacy business. Desktop services is commodity also. Amazingly, they still highlight their weather services. I was engaged with that through the airlines group in the early 90's. Another rounding error.
All of their proof points lack any significant customer references; save airlines.
Unisys was never destined to be. Even Blumenthal said it was a terrible "merger." Not sure what the alternative was for either predecessor company. Both were in trouble. Amazing that it has survived this long. Lot's of dead bodies along the way.
Various applications are nickle rockets.
There is no substantial free cash flow to fund a new business initiative.
Sad, sad, sad...
How can management keep their jobs. The earnings conference was a joke. Why no pre-announcement... Where is the Board of Directors??? Total incompetence. Get them out before their is nothing left!!!
When will institutional investors bail out?
Dead board but please not more advertising for awe some....thank you
Here we go again !!! Another disappointment !!! Have not owned this stock in well over 15 years. A Real Disaster !!!
I wonder how the markets can see anything other than implosion with these results. Maybe I am missing something, but I can't imagine any cheering in the halls of Unisys. What a sad end for a company.
This is likely to go boom tonight. Last earnings, it shout up 13.4 intraday the following day, and it hasn't missed a quarter in over a year.
...we dont need no water let the m0ther F**ker burn...
decades of total incompetence in upper management will do that to a company.