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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Drapeau who wrote (625)	8/24/1999 11:35:00 AM
From: csm	Respond to of 1177

Thanks, I'll try to check out the call. Stuart.

To: Drapeau who wrote (625)	8/24/1999 5:30:00 PM
From: csm	Read Replies (1) \| Respond to of 1177

Rats, I only caught a few minutes of the call. Will it be available for a while? I can't find it at the site. Anyone care to comment on what they heard? The numbers look very impressive to me. Stuart.

To: Drapeau who wrote (625)	9/1/1999 11:24:00 AM
From: Gilbert Drapeau	Read Replies (2) \| Respond to of 1177

Consortium Bombardier Alstom Notifies Amtrak of Delay on High-Speed Train for Washington - New York - BostonCorridor SEPTEMBER 1, 1999 MONTREAL, QUEBEC--The Consortium of Bombardier and Alstom, manufacturers of the high-speed trainsets for the Northeast Corridor in the United States recently informed Amtrak that it will be unable to provide a thoroughly tested trainset and high-horsepower locomotive in the fall of 1999, to ensure high-speed rail revenue service by the end of this year. The Consortium attributes the delay to the need for additional testing and refinements. Excessive wheel wear has been exhibited during testing of the equipment at the Transportation Technology Center in Pueblo (Colorado). However, the train has demonstrated its ability to achieve top speed. "This delay is unfortunate but not unusual when new technology, although proven, is being introduced in a new environment," said Jacques Lapare, President of Bombardier Transportation, North America. Although the Consortium has set a revised, tentative delivery timeframe of spring 2000, it will be in a position to commit to a new delivery schedule in 60 days. Both Amtrak and the Consortium are concentrating their efforts on solutions for resolving the outstanding issues and meeting Amtrak's standards of excellence in the most timely manner. The Consortium partners shared the power car and electric locomotive design. In addition to being responsible for the complete design of the coaches, Bombardier is manufacturing the locomotives, power cars and coaches and integrating the trainsets. Alstom is responsible for the complete design of the undercarriage (truck), all traction-related equipment and auxiliary electrical systems. The original order was announced in March 1996, with options signed in July 1998, for the design and manufacture of a total of 20 trainsets, each consisting of two power cars and six coaches, and 15 electric locomotives to be used on Amtrak's Northeast Corridor. The original contract also includes the design, construction and installation of three maintenance facilities for the rolling stock, in Washington (DC), New York and Boston, as well as the provisioning of management services for up to ten years. Bombardier's share of the total order is CA $972 million (US $710 million). The trainsets are being manufactured and assembled at the Bombardier Transportation plants in La Pocatiere (Quebec), Plattsburgh (NY) and Barre (Vermont). Bombardier Transportation, a world leader in the manufacturing of passenger rail cars, offers a full range of urban, suburban and intercity vehicles as well as complete rail transit systems worldwide. It also manufactures freight cars and provides operations and maintenance services. Bombardier Inc. is a Canadian corporation active in the fields of aerospace, rail transportation equipment, recreational products, financial services and services related to its products and core businesses. It operates plants in 12 countries in North America, Europe and Asia, and more than 90 percent of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1999 totalled $11.5 billion.