Unisys under pressure from investors
Unisys announced yesterday that CEO Joseph McGrath would step down by year's end. Today, further reporting by The Wall Street Journal turns up that Unisys has been under pressure by activist investment firm MMI Investments LP, which holds 9.1% of its stock. MMI has been criticizing Unisys for "the seemingly continuous stream of management, operational and financial missteps that have characterized recent performance," according to the newspaper. Unisys posted losses in the first two quarters of this year, totaling $37.4 million. In 2007 the company reported a loss of $79.1 million, including $66 million in restructuring charges, out of $5.65 billion in revenue.
HPC Server '08 targets Linux
Microsoft is taking on Linux with the release of its
Telanetix transforms videoconferencing rooms with telepresence
Telanetix said yesterday it is releasing a system to layer full telepresence functionality into existing videoconferencing rooms, regardless of existing hardware. Most existing videoconferencing rooms have narrower bandwidth and can't provide the capacity that high-definition telepresence requires. Telanetix Represence promises to integrate telepresence into these rooms for about $30,000, instead of the $300,000 a rip-and-replace would cost.
Check out yesterday's IT channel news briefs.