23.01.2008 14:00:00
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Unisys Postpones Notice Deadline for Shareholder Proposals
Unisys Corporation (NYSE:UIS) announced today that it is postponing the
deadline for advance notice of director nominations and shareholder
proposals in connection with the Unisys 2008 Annual Stockholders’
Meeting. The deadline has been moved to 5 p.m., Eastern Time, on
February 19, 2008.
The Unisys Board believes that postponing the notice deadline will
facilitate discussions with MMI Investments, LLP. Like MMI, the Unisys
Board and management believe that Unisys shares are substantially
undervalued and that the company’s current
share price does not appropriately reflect the value of the significant
improvements achieved in the company’s
operating performance and profitability.
On an ongoing basis, the Unisys management and Board, together with the
company's advisers, actively consider alternatives to enhance
shareholder value and to improve the company's performance. Furthermore,
Unisys has always been open to dialogue with its investors and takes
their views seriously as part of this effort.
About Unisys
Unisys is a worldwide information technology services and solutions
company. We provide consulting, systems integration, outsourcing and
infrastructure services, combined with powerful enterprise server
technology. We specialize in helping clients use information to create
efficient, secure business operations that allow them to achieve their
business goals. Our consultants and industry experts work with clients
to understand their business challenges and create greater visibility
into critical linkages throughout their operations. For more
information, visit www.unisys.com.
Forward Looking Statements
Any statements contained in this release that are not historical facts
are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include, but
are not limited to, any projections of earnings, revenues, or other
financial items; any statements of the company’s
plans, strategies or objectives for future operations; statements
regarding future economic conditions or performance; and any statements
of belief or expectation. All forward-looking statements rely on
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations. The
factors that could affect Unisys future results are contained in the
company’s periodic filings with the Securities
and Exchange Commission. Unisys assumes no obligation to update any
forward-looking statements.
RELEASE NO.: 0123/8851
http://www.unisys.com/about__unisys/news_a_events/01238851.htm
Unisys is a registered trademark of Unisys Corporation. All other brands
and products referenced herein are acknowledged to be trademarks or
registered trademarks of their respective holders.
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