Everything seemed to be hitting on all eight cylinders.
Then this morning, we learned that four of those cylinders are silent.
October Chill: Join the discussion on
Message Boards. Network and NT services, year 2000 transition issues, bad currency compares and organizational changes wrecked the pistons of this hardware fave. And now
is downgrading it for all of the usual suspect reasons.
Losing Unisys is like losing
. It makes you nervous about all of the other folks in the industry. It counteracts the good news of
upgrade from PW.
If the bonds, which I am long, were better, we could look the other way from Unisys. We could act as if it weren't in the room. But they stink again, so it is. You may not be long Unisys, but others are or have thought about it. They feel quite chilled today. A sweater ain't gonna help that shiver.
Don't be faked out. We are in the tough period. Unisys makes it tougher.
took expectations so low that they can bounce. Frankly, I wish they had just gotten it right in the first place.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Altera and the 30-year bond. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at