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Unisys stock drops after CEO Coleman's firing

2014-10-07 11:55:22| IT Services - Topix.net

Unisys Corp. shares tumbled Monday to $20.84, down 11.69 percent, after the Blue Bell-based computer services and systems company said it ousted chief executive J. Edward Coleman, six years after the former Gateway Inc. boss was hired to turn the company around in a howling recession. His board gave Coleman credit for slashing debt and other costs and preparing new services for the fast-changing business-software market.

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