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Non-Tech : Simula (SMU)
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To: Yong Bradley who wrote (705)10/25/1997 2:39:00 PM
From: Noblesse Oblige  Read Replies (1) of 1671
 
Hello Mr. Bradley,

The Boeing problems have insignificant impact on SMU results, which are being affected much more by inefficient production (and a problem that good management will eventually resolve) than anything else.

For what it is worth, only about 10% of SMU's 16G orders are for new aircraft (versus 90% for refurbishing of existing planes), and it isn't even clear whether Boeing is the actual customer for that 10% (which at current shipment rates would only be a maximum of $1 million per quarter).

The explanation for the company's sub-par third quarter performance lies elsewhere, Mr. Bradley.

Have a good weekend.
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