[Info-vax] Off-Topic: UNISYS problems

[Arne Vajhøj]

On 11/10/2022 9:04 AM, Bill Gunshannon wrote:
> On 11/9/22 21:30, Arne Vajhøj wrote:
>> (UNISYS has been mentioned here a few times)
>>
>> https://www.bizjournals.com/philadelphia/news/2022/11/08/unisys-stock-plummets-internal-investigation.html
>>
> 
> Interesting, but confusing.
> 
> How does a $.59 loss on a $5.15 share value workout to be
> a "50% plunge"?  Guess I don;t really understand the stock
> market.  Good thing I don't play there nor does my retirement
> depend on it.  :-)

The stock price fell 48%.

"Unisys Corp. shares closed down 48% on Tuesday"

"Shares of the company traded on heavy volume Tuesday and closed at $4.63."

(it was around 8.97 Monday)

They had a loss of 0.59 per outstanding share.

"the company said Tuesday it lost $40.1 million, or 59 cents per share, 
in the third quarter."

(a loss of 40 million dollar and about 68 million outstanding shares
gives around 0.59 per share)

> On another note, having been a UNNIVAC Applications and System
> programmer in another life I have followed them (technical side,
> not business side) for several decades.  While they have done
> an amazing job of moving forward while maintaining backwards
> compatibility I am surprised they have lasted as long as they
> have.  Most of what they do is business programming in high
> level languages like COBOL and Fortran and their original
> strength dates back to the days when mainframes were the only
> real powerful machines.  Today, I doubt there is much still
> running on OS2200 that could not be handled easily on PC
> architecture server boxes.  At a great reduction of cost.
> Also, because of how much COBOL and Fortran is involved I
> expect migration would not be overly difficult or risky.
> And yet, there they are.
> 
> Would make an excellent target for VMS to take a lot of
> that business away.

True.

Arne