Unisys reverse split effective Monday

Unisys Corp. said today that its planned 1-for-10 reverse stock split will take effect with Monday's trading.

As of today, the Blue Bell information-technology company had 423 million shares outstanding, which will be reduced to 42.3 million after the split. But the shares will start trading Monday at 10 times this afternoon's price of about $2.62.

The company's stock price has dropped by more than half in the last two years as companies have cut back on technology spending during the economic slowdown.    - Paul Schweizer