Millar, builder of computer consulting at Unisys, quits, is seen joining AT&T

Article Abstract:

Victor Millar, the executive that built Unisys Corp's new computer consulting and services enterprise, surprised industry officials by resigning to begin a similar effort at AT&T. Unisys responded by announcing a dual presidency, James Corey and Edward Sanderson Jr., two executives Millar had recruited to help form the company's data-services outsourcing operation. Millar says he is leaving Unisys on good terms, announcing he had received a better offer, but declines to confirm he is headed to AT&T. Industry analysts say AT&T is planning to announce the Millar appointment sometime soon. Millar built the Worldwide Information Services unit into one of Unisys's fastest growing divisions. Revenues were up 24% from 1.6 billion in 1993, to $2 billion in 1994. Experts are speculating that Millar may be leaving because of Unisys's financial pressures limiting consulting investments, but Millar denies the allegation.

Computer Services, Computer Systems Design and Related Services, Computer and Data Processing Services, Computer services industry, Information technology services industry, Information technology services, Employee selection, Hiring, Resignation, Millar, Victor, Company Operations

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IBM is 'gathering momentum,' Gerstner says at annual meeting

Article Abstract:

IBM CEO Louis V. Gerstner gave an upbeat assessment for the company at IBM's 1995 annual meeting held in Charlotte, NC. Gerstner described 1994 as a 'watershed' year, but reports that earnings are now on the rise and that the company's stock has more than doubled in the 1993-1995 period. In Apr 1995, IBM announced record earnings for the 1st qtr of $1.29 billion or $2.12 per share on revenue of $15.74 billion. Gerstner has had to implement job force reductions in his efforts to increase the company's bottom line. Stock holders have also been upset about their quarterly dividend which dropped from $1.21 a share before recent reorganizations to a mere 25 cents. Gerstner assured stock holders, however, that the IBM board would be considering increasing dividends at a future date.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Finance, International Business Machines Corp., Company sales and earnings, Company Financial Information, Company Sales/Revenue

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Unisys revamping leads to departure of its president

Article Abstract:

Unisys Corp undergoes reorganization in order to streamline and change the focus of the business, but in the process, Pres Reto Braun's position is eliminated. Braun's work at Unisys resulted in the company's report of $8.43 billion in revenue in 1992. Now the presidential duties fall to the Unisys chairman, James Unruh. Unruh's objectives for Unisys involve developing open systems technology along with consultation services. Industry experts believe that Braun's position was eliminated because of the executive's unwillingness to move away from the mainframe business. Braun, having worked for Unisys and its parent companies for 24 years, now takes a new position as president and CEO of Toronto-based Moore Corp. He considers this the right time to take a CEO position.

Computer peripheral equipment, not elsewhere classified, Management, Chief executive officers, Resistance to Change, New Appointment, Unruh, James A., Braun, Reto

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