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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (702)8/31/1998 10:31:00 PM
From: porcupine --''''>  Read Replies (3) of 1722
 
BOEING CO said its board of directors has approved the
repurchase of up to 15% of its outstanding common shares. At
the end of June, Boeing had 972.7 million common shares
outstanding. "Consistent with our overall goal to enhance
shareholder value over the long term, we believe that this is
an effective way to return value to our shareholders," CEO Phil
Condit said. "We currently have cash in excess of our operating
requirements, and expect to be a strong generator of cash
during the next several years." (Reuters 05:33 PM ET 08/31/98)

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