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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.15

+0.6%

Dec 1 3:59 PM EST

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To: Valueman who wrote (5764)	7/15/1999 3:51:00 PM
From: djane	Read Replies (2) of 29987

Boeing has cash for investments - CFO [Does anyone think BA could have their eye on LOR/GSTRF? Didn't BA just back away from Ellipso? Just a thought, djane] Thursday July 15, 3:24 pm Eastern Time Boeing has cash for investments - CFO NEW YORK, July 15 (Reuters) - Aerospace giant Boeing Co. is looking at opportunitites to grow its business and has cash for investments, Chief Financial Officer Debby Hopkins said Thursday. ''We have a beehive of activity in looking at opportunities to grow this business,'' Hopkins said during a luncheon briefing in New York. ''We clearly have cash and we have the ability to do some investments.'' Earlier Thursday, Hopkins told analysts and reporters that the company does not expect to make any more significant divestitures. Hopkins said the investments could be made ''to expand something we are already doing today'' or ''adjacent opportunities,'' such as in its engineering services business. ''Most of the things we're looking at are triple-digit type opportunities,'' Hopkins told reporters during the briefing. When asked if the company would have enough cash to buy back stock, make acquisitions and fund a new aircraft program, Hopkins said, ''I feel very comfortable that we have the ability today to juggle those things.'' More Quotes and News: The Boeing Co (NYSE:BA - news) Related News Categories: IPOs, US Market News Help Copyright © 1999 Reuters Limited. All rights reserved.

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