SCIENCE

BLUE BELL, PA -- Unisys Corporation (NYSE: UIS) today reported second-quarter 2001 net income of $29.3 million, or 9 cents per diluted share, excluding an after-tax extraordinary charge of $17.2 million related to the company's previously announced cash tender offer for its 113/4% senior notes due 2004. This compared to pro forma net income of $59.4 million, or 19 cents per diluted share, in the second quarter of 2000, excluding an after-tax extraordinary charge of $19.8 million for the early retirement of debt. Including the charge for the cash tender offer, Unisys reported second-quarter 2001 net income of $12.1 million, or 4 cents per share. The pro forma second-quarter 2000 results exclude low-margin commodity hardware business that the company has de-emphasized as a result of its focus on higher value-added business areas. On an as-reported basis including de-emphasized commodity hardware, the company's second-quarter 2000 net income before the debt-related charge was $56.3 million, or 18 cents per diluted share. Including the charge, year-ago reported net income was $36.5 million, or 12 cents per share. Second-quarter 2001 revenue rose 3% to $1.46 billion compared to pro forma revenue of $1.42 billion in the year-ago period. On a constant currency basis, revenue increased 8% from the year-ago period. Including de-emphasized commodity revenue in the year-ago period, second-quarter 2000 reported revenue was $1.60 billion. For additional information visit www.unisys.com