Just heard that Unisys shares dropped 15% on the warning that they would not meet prior forecasts.
I interned at Unisys last year and definitely felt that the company offered the end to end solution from hardware/ software to outsourcing. Sadly, it seems that the company has trouble distinguishing itself from other consulting offerings.
The stock plunge as reported by Investors.com is a bit strange since the company has just been ramping up a strong portfolio of security related services (i.e ePresence Security Services and Baesch Computer Consulting).
Unisys announced today that its second quarter earning slid by 63% and earned 19.4 millionÂ dollars, or six cents a share, on revenue ofÂ 1.4 billion dollars.