Updating Unisys Corp., Philips Electronics N.V., State Street Corp., Motorola Inc., and ACE Cash Express Inc.

Article Excerpt

UNISYS CORP. $6 (New York symbol UIS; WSSF Rating: Average) cut its losses in the three months ended March 31, 2006, to $0.08 a share (total $27.9 million) from $0.13 a share ($45.5 million) a year earlier, due to gains on the sale of assets and savings from a restructuring plan. Revenue crept up to $1.39 billion from $1.37 billion. Sales growth will probably remain weak until Unisys launches new server computers in the second half of 2006. The company aims to cut its annual costs by $250 million by the end of 2007, but restructuring charges will depress its earnings. Unisys is a sell. PHILIPS ELECTRONICS N.V. $35 (New York symbol PHG; WSSF Rating: Average) has gained 30% in the past six months, largely due to the success of a restructuring plan. In the first quarter of 2006, Philips earned 0.13 Euros a share, up 44.4% from 0.09 Euros a share a year earlier (1 Euro = $1.23 U.S.). Sales rose 13.8%,…

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