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Unisys shares pop on higher profits, cost cuts, Clear Path
Unisys shares rose more than $3 a share in morning trades
As most US stocks tumbled, shares of Unisys Corp. jumped more than 10% in morning trading after the Blue Bell computer services company reported it made money last year, ending a string of losses. US sales fell from 2008 levels, but ceo Ed Coleman said sales of profitable Clear Path enterprise server systems rose. Unisys' statement here.
Also: Unisys has sold off its 500-worker payment equipment, supplies, maintenance, R&D and sales group, based in Plymouth, Mich., to Marlin Equity Partners, El Segundo, Calif., which plans to resurrect the Burroughs name for the business. Price not disclosed.