Unisys nears favorable pact with its banks
Article Abstract:
Unisys Corp's strong 4th qtr 1991 performance and its improved revenue outlook are giving impetus to the completion of an agreement with its 23 bank lenders. The pending agreement would extend the Jan 1993 maturity of its $1.25 billion revolving credit line. An additional $200 million to $300 million loan is also about to be granted by the creditor banks. Unisys President Reto Braun said that the increased orders for the 4th qtr is continuing into the 1st qtr 1992. There has also been an increase of requests from customers for bids for computer systems. Unisys management focused 70 percent of its efforts on cost-cutting in 1991; the 30 percent was concentrated on generating income. The improving financial picture allows the company to focus more on winning new customers rather than merely retaining old ones.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
IBM is suing Comdisco Inc. on leasing issue
Article Abstract:
IBM sues Comdisco Inc over a leasing agreement in which Comdisco allegedly interchanged parts of leased IBM machines with other machines. Comdisco is IBM's largest leasing customer and one of its biggest competitors. Comdisco reported annual revenue of $1.94 billion in the fiscal year ending Sep 30, 1990 but suffered a 12 percent drop in net income to $95 million, or $2.34 a share. IBM has become aggressive in the computer leasing industry between 1988 and 1990. The number one computer maker now seeks to enforce the terms of its leases in ways that will stifle competition. Industry observers note that the law suit will have a big effect on the $24-billion-a-year leasing market.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
IBM, seeking a source of renewal, markets its problem-solving skills
Article Abstract:
IBM's Enterprise Alliance program will provide services to customers, generating revenue and increasing demand for hardware and software. The Enterprise Alliance program, which requires a $75,000 fee, helps companies solve specific programming problems. IBM sends out a team of programmers who create prototype software, usually within a month. The customer uses the new software, suggesting changes that are added in, resulting in a final product.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Red flags fly over one-product tech companies. IBM reigns again as the king of the stocks; 'Beamer' paces rallying market
- Abstracts: Phone firms test systems for cable TV. Paging firms scramble as cellular gains
- Abstracts: Lessons linger as U.S. Memories fails: chip venture unable to win wide backing. part 2 Intel keeps rolling up strong results even as chip industry sits in a slump
- Abstracts: Computer firms see the writing on the screen. IBM to join ranks of firms developing computers that recognize handwriting
- Abstracts: Lotus rises on more takeover rumors amid continuing competitive pressures