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To: Jerry Olson who wrote (1448)	8/23/2002 1:13:25 PM
From: canmar	Read Replies (1) of 1854

Afternoon Jer & everyone: in keeping with my updates on Canadian plays, here's the latest on Bombardier, not really unexpected in light of the present condition of the airline industry: Bombardier Will Miss Earnings Target 08/23/2002 11:07:14 EST MONTREAL (AP) - Bombardier Inc. said Friday it will miss its full-year profit target because of a slowdown in the aircraft industry. "The 10 percent earnings-per-share growth target will not be achieved," the company said. The Montreal-based company makes the Learjet and other aircraft, rail engines and other transport industry products. Bombardier also said net earnings would be about 70 Canadian cents (46 cents) a share instead of the target of 89 Canadian cents (58 cents) a share due to "the severe downturn in the business aircraft market, which is affected by the persistent weakness of the U.S. economy." Bombardier is due to release its quarterly earnings report Tuesday. In Toronto, the shares were down 17 percent, or $1.56 Canadian ($1), on Friday to a 52-week low of $7.45 Canadian ($4.78). Bombardier shares lost more than 20 percent last week as Amtrak pulled Acela trains out of service due to safety concerns. Bombardier, which makes the Acela's locomotives, is one of Canada's major industrial companies, employing nearly 80,000 people worldwide. PS: RE. the Acela train suspension cracks: two of my neighbours work at Bombardier and told me the cracks were due to Amtrak's insistence at using special bushings, even though Bombardier advised them they were not suitable for this type of train. Cheers!!! Marc C.

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