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Unisys shares fall after S&P takes stock off index



By AP
10 November 2008 @ 07:55 pm EST

NEW YORK - Shares of Unisys Corp. fell Monday after Standard and Poor's said last week that it will take the company off the S&P 500 index.

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UIS 1.21 -0.09

SYMBOL LOOKUP

The stock fell 30 cents, or 33 percent, to 61 cents after falling to a fresh low of 50 cents earlier in the session. The 52-week high is $7.90.

The technology services provider, based in Blue Bell, Pa., was ranked 500th on the S&P index with a $313 million market capitalization at the close of trading Friday.

Standard and Poor's said Unisys will be taken off the index after the market closes Monday and replaced on Wednesday with People's United Financial Inc.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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