Unisys Sees Loss, Revenue Shortfall
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Computer services company Unisys Corp.  on Tuesday warned it would post a fourth-quarter loss, instead  of an expected profit, reflecting a revenue shortfall and a  $120 million charge to write off assets.
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UBS AG  reported its first quarterly loss in five years after hefty writedowns on subprime-related investments, but said it expects to turn in a group profit in the last quarter.
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United Airlines parent UAL Corp. suffered a loss of $274 million for the third quarter of this year, a smaller hit than it took in the same period of last year, when it lost $367 million.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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Only six months out of bankruptcy, MCI has reported net losses of $3.4bn for Q3, due to falling revenues and a write down of the value of its network.
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CHICAGO â The UAL Corporation, the parent of United Airlines, reported a quarterly loss on Tuesday, caused by fuel costs and economic weakness in the industry.
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IBM&#39;s personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years. International Business Machines Corp.
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The decision by IT services and hardware vendor Unisys Corp. comes one month after the company announced its first Linux servers.
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3Com (COMS: news, chart, profile) reported a loss of $35.5 million, or 9 cents a share, compared with a loss of $106 million, or 29 cents a share, in the same period a year ago.
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Enterasys Networks Inc. , which makes computer networking equipment, said it will cut 115 jobs, or 12 percent of its workforce, to save $9.5 million annually after posting 14 straight quarterly losses. The firings will lead to charges in the fourth quarter of 2004 and in the first quarter of this year of $3.5 million to $3.8 million, the Andover-based ...
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The food and household products maker said it lost $62 million in its most recent quarter, largely because of one-time charges.
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When Hewlett-Packard Co. (HPQ.N) warned of a profit shortfall last week, it blamed problems it had combining two SAP systems, something that the computer maker believed would be relatively simple when they were putting together a deal to buy Compaq two years ago.
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Novellus Systems Inc. NVLS.O, a  maker of semiconductor production equipment, on Wednesday  warned of a sharp business decline in the current quarter that  some analysts fear could turn into a long-term slump.
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Litigation is draining the cash of this longtime Unux vendor.
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Bisys Group Inc. BSG.N, a financial   technology outsourcing provider that has had accounting   problems and is losing its chief executive, on Wednesday posted   a profit for its fiscal third quarter, largely on a big gain   from the sale of its information services segment.
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Manchester United reported lower annual profits of 27.9 million pounds from 39.3 milllion last time and warned future results would be affected by a drop in media revenues.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.