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Non-Tech : GM - General Motors

GM 68.86

+0.1%

Nov 6 3:59 PM EST

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To: David C. Burns who wrote (245)	1/14/2000 2:47:00 PM
From: Zoltan!	Read Replies (1) of 543

re: Message 12389119 This is part of what I meant: The Wall Street Journal Interactive Edition -- January 14, 2000 Today's Investors Value GM Far More for Hughes DirecTV By GREGORY L. WHITE Staff Reporter of THE WALL STREET JOURNAL DETROIT -- General Motors has become a satellite-communications company with a unit that also makes cars. At least that's the way Wall Street sees it. At current prices, GM's 68% holding of the tracking shares in Hughes Electronics, best known for its DirecTV service, is valued at $32.6 billion, about twice as much as the rest of the company -- the largest auto company in the world -- which the market prices at $16 billion, or somewhere around three or four times expected year-2000 earnings. Boeing to Buy Hughes Unit From GM for $3.75 Billion This figure actually overstates the value of the car business, according to some analysts, because GM also is getting a 19.9% stake in Commerce One, an online-auction company with which it is setting up an Internet marketplace for suppliers. The market value of that stake now is $2.9 billion.... interactive.wsj.com

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