Unisys?

[Wonk]

There seems to be a large contingent of IT professionals here so I thought I'd do some crowdsourcing.  A good friend of mine is being courted for a position (non IT position) at Unisys and asked my opinion about how strong it is.  I don't know much about the company other than they had some restructuring 5 or 10 years ago and laid off a bunch of employees. 

Anyone have an opinion on how well the company is run at the moment and how strong it's future may be over the next 5-10 years?  What is it's status in the IT world?  Thanks for any ideas/thoughts.

[Storm]

Unisys is a giant IT contracting company that has been around for over 100 years.  They used to sell and maintain a lot of mainframe computers to banks, government agencies, etc, but lately they get about 88% of their revenue from services contracting.  They do a lot of IT outsourcing for large companies and government agencies.

They have invested heavily in Bangalore, setting up entire call centers to handle tech support calls for large US companies and government agencies.  They are all about the "consumerisation" of IT, basically, if a company feels like they are paying too much to their IT department, they can outsource their entire IT department to Unisys, who will happily take tech support calls from Bangalore while your US employees bang their heads against their desk in frustration, because there is no "computer guy" in their office any more and they can't just walk down the hall and ask someone for help.

Personally, I wouldn't work there.  Their fortunes rise and fall based on the whims of government and private spending.  They have aggressively outsourced as many positions as possible to foreign countries, and have had a lot of executive upheaval.  Check out these controversies more recently:

• In October 2005, the Washington Post reported that the company had allegedly overbilled on the $1-to-3-billion Transportation Security Administration contract for almost 171,000 hours of labor and overtime at up to the maximum rate of $131.13 per hour including 24,983 hours not allowed by the contract. Unisys denied wrongdoing.
• In 2006, the Washington Post reported that the FBI was investigating Unisys for alleged cybersecurity lapses under the company's contract with the United States Department of Homeland Security. A number of security lapses supposedly occurred during the contract, including incidents in which data was transmitted to Chinese servers. Unisys denies all charges and said it has documentation disproving the allegations.
• In 2008 Joe McGrath stepped down after a no confidence vote from the board, and was replaced by J. Edward Coleman, former CEO of Gateway, Inc. The president of the Federal sector Greg Baroni was also fired. Unisys announced on June 30, 2008 that the Transportation Security Administration (TSA) had not selected the company for Phase 2 of procurement for the Information Technology Infrastructure Program.  In July Unisys announced its plans to file a formal protest of the TSA decision with the Government Accountability Office (GAO). On August 20 the TSA announced it was allowing bidding from all competitors including Unisys and Northrop Grumman, who both filed formal protests with the GAO and protested TSA's decision to the Federal Aviation Administration's Office of Dispute Resolution, after not initially being selected.
• 2009: Unisys Boasts about firing American workers; "We were able to eliminate a whole bunch of actually U.S.-based jobs and kind of replace them with two folks out of India" (Richard Marcello, president of technology, consulting, and integration solutions) The company completed a one-for-ten reverse stock split in October 2009 in an attempt to prop up stock prices and fend off delisting.
• 2010: Unisys jettisons Medicare processing Health Information Management service to Molina Healthcare for $135 million.