Boeing keeps setting new highs! When will it split? Message Board

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Technology Stocks : Boeing keeps setting new highs! When will it split?

BA 218.33

+0.7%

Dec 24 12:59 PM EST

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To: Marvin L.Covey who started this subject	9/20/2000 8:10:22 AM
From: leigh aulper	Read Replies (1) of 3763

Boeing Increases Cash Flow Guidance for 2000; Reaffirms Its Intention To Complete Ongoing Share Repurchase Program by Year End SEATTLE, Sept. 20 /PRNewswire/ -- The Boeing Company (NYSE: BA) announced today that it is increasing its free cash flow guidance from its previous projection of $3.0-$4.0 billion to greater than $4.0 billion for full-year 2000. All other guidance issued by Boeing in its second quarter earnings release issued July 19 remains unchanged. "Our cash position continues to improve," said Boeing Senior Vice President and Chief Financial Officer Mike Sears. "We are making extraordinary strides in our commercial production processes." As a result of its strong cash position, the company has reaffirmed that it intends to complete its current share repurchase program by the end of 2000. The Boeing Board of Directors in August 1998 authorized the repurchase of up to 15 percent of the outstanding shares of company stock. To date, approximately 83 percent of the current board authorization has been repurchased.

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