Tom Reese/Paul Rubillo, Dividend.com
Unisys (UIS) just announced it will cut 1,300 jobs as part of an effort to cut costs.
The company is also taking steps to lower its selling, general and administrative expenses and labor costs including consolidating plants, freezing most 2009 salary increases and suspending 401K matches.
The Bottom Line
This tech services provider would at one time be able to compete with the likes of IBM Corp (IBM) and Hewlett Packard (HPQ), but the company has never been able to recapture the momentum it had going into 2000. The stock hit all-time highs of $43 during that time period, and are now at historic lows, below $1 a share. We would avoid the stock here, and look for better investment opportunities elsewhere.
Unisys (UIS) does not currently pay a dividend.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
