What (who) is Unisys Corporation - definition

<company> The company formed in 1984-5 when {Burroughs Corporation} merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined. Unisys is one of the largest providers of information services, technology, and software in the world. They employ about 49,000 people and do business in some 100 countries. In 1994 about 80 percent of revenue was derived from commercial information systems and services, with the remainder coming from electronic systems and services for the defense market. The defense business was sold to Loral in early 1995. Slightly more than half of Unisys's revenue is from business in the United States. They specialise in providing business-critical solutions, based on open information networks, for organisations that operate in transaction-intensive environments. These organisations include financial services companies, airlines, telecommunications companies, government agencies, and other commercial enterprises. In August 1994, quarterly sales were $1799M and profits $50M. http://unisys.com/. (1995-03-21)

The Kochi Municipal Corporation is the municipal corporation that manages a portion of the Indian city of Kochi (also known as Cochin). The Corporation manages 94.

n. an organization incorporated under state laws and approved by both the state's Secretary of State and its taxing authority as operating for educational, charitable, social, religious, civic or humanitarian purposes. A non-profit corporation (also called "not for profit corporation") is formed by incorporators, has a board of directors and officers, but no shareholders. These incorporators, directors and officers may not receive a distribution of (any money from) profits, but officers and management may be paid reasonable salaries for services to the corporation. Upon dissolution of a nonprofit corporation its assets must be distributed to an organization existing for similar purposes under the "cy pres doctrine." In order for contributions to the corporation to be deductible as charitable gifts on federal income taxes, the corporation must submit a detailed application (with a substantial fee) for an Internal Revenue Service ruling that it is established for one of the specific nonprofit purposes spelled out in the Internal Revenue Code. Informational tax returns must be filed annually with the IRS and the state taxing body. In addition, the state Attorney General may have oversight powers to determine if the corporation is abiding by state laws by limiting its activities to its approved non-profit purposes and not milking the corporation for disguised profits. See also: charity corporation cy pres doctrine