Steel Partners cut its stake to 26,710,320 shares (7.2%), after selling 3,819,527 from June 25 to June 26 at $1.35 to $1.39 apiece.

New York hedge-fund Steel Partners II owns 19,481,110 shares (5.4%), after acquiring 8,239,706 from Aug. 1 to Oct. 2 at prices that ranged from $2.51 to $4.19.

Unisys (UIS) upgraded to Hold rating from Underperform at Jefferies. Price target upped to $4.50 from $4.00 and FY08 eps estimates lift to $0.20 from $0.18.

MMI Investments urged Unisys to immediately engage an investment bank to conduct a strategic review of the company's options to maximize stockholder value. MMI argues that there should be a particular focus on the potential realization of U.S. government business through a sale, tax-free spinoff or initial public offering of a subsidiary. MMI Investments owns 34,787,000 shares (9.9%).

"On Nov. 5, MMI Investments filed a 13D amendment disclosing that it intends to engage in a dialogue with members of Unisys' board and management, as well as with other stockholders and other interested parties. They will discuss the company's undervaluation and strategic configuration, potential strategic alternatives to increase stockholder value and others matters, including Unisys' operations, governance, management, strategy and plans.

Just because

First stock bought in 1976.

Unisys (UIS)

MMI Investments raised its holdings to 27.96 million shares (8.1%), from 24.35 million (7.1%), reported in March.

comeback possibility

moving up

chart

troublesome outlook

COLD

mgt talks alot but does nothing

Another loser

DOG

potential takeover