P. M. BRIEFING : Unisys Reports $78.7-Million Loss
<i> From Times wire service</i> s
BLUE BELL, Pa. —
Unisys Corp., the nation’s third-largest computer maker, today said it lost $78.7 million in the first quarter because of costs associated with changing over to a new line of mainframe computers.
The loss, 66 cents a share, reversed profits of $149.3 million, or 72 cents a share, a year ago. Revenues dipped to $2.2 billion from $2.37 billion.
Unisys announced last month that it expected the shortfall, citing low shipments of its veteran 1100 computers, costs from a reorganization announced in January and the Pentagon probe into alleged defense procurement fraud.
