TECHNOLOGY - Nov. 4, 1992
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Unisys Expects to Report Gain: Unisys Corp., which made a financial comeback this year, said it expects two major accounting changes to result in a net gain of at least $175 million in 1993’s first quarter. The manufacturer of computer-based information systems posted net income of $48.3 million, or 11 cents a share, on revenue of $2.01 billion in the first quarter of 1992. Unisys said that in 1993’s first quarter it will record a gain from changes in tax accounting and reporting for the current and last few years under a new accounting procedure known as Financial Accounting Standard No. 109.
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