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Non-Tech : FedEx (FDX) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (428)	9/27/1999 9:34:00 AM
From: JakeStraw	Respond to of 524

FedEx Launches FedEx EuroOne Network Later Pick-ups and Earlier Delivery Times between Major European Markets PARIS--(BUSINESS WIRE)--Sept. 27, 1999--With the opening of its new hub at Roissy-Charles de Gaulle airport, FedEx (NYSE:FDX - news) is now announcing the launch of improved FedEx International Priority® service through the new FedEx EuroOne(SM) Network, featuring later pick-ups and earlier deliveries for customers within Europe. FedEx already has a very successful intra-European service, however, customer research identified additional demand for later collection and earlier delivery times. The launch of the FedEx EuroOne Network, made possible by the overnight operation at the new hub at Roissy-Charles de Gaulle, means that FedEx is now able to offer these service enhancements. The new service improvements enable FedEx to offer next-business-day services between 38 major European cities. In addition, these cities will act as regional links for FedEx to serve customers in the larger surrounding areas. All customers within the region will benefit from later cut-off and pick-up times (as late as 7 p.m. in some areas), due to an additional late night sort at the new hub. FedEx EuroOne Cities The next-business-day service will be available from the following 32 European cities (and their surrounding areas): France Paris, Strasbourg, Lille, Nantes, Lyon, Nice, Metz Germany Munich, Berlin, Stuttgart, Dortmund, Dusseldorf, Frankfurt, Hamburg, Cologne, Mannheim, Nuremberg UK London, Manchester, Birmingham, Bristol Italy Milan, Rome, Florence Netherlands Rotterdam, Amsterdam, Eindhoven Belgium Brussels, Ghent Spain Barcelona, Madrid Ireland Dublin Destination cities include all of the above, plus Basel, Zurich, Geneva, Lugano, Valencia, and Bilbao. Customer Benefits The introduction of the Single European Tariff in February, an industry 'first', allowed FedEx to take advantage of the price transparency that became evident with the advent of the euro. It provides a simple pricing structure across the 'euro zone', and gives customers the option of being invoiced and paying in euro or their local currency. Combining the ease of using FedEx services, afforded by the Single Tariff, with the opening of its new hub at Roissy-Charles de Gaulle airport, FedEx has now announced the launch of an improved service offering in Europe. The benefits to customers: - Next day delivery by 10:30 a.m.(a) - Later collection times - up to 7:00 p.m.(a) - More competitive pricing to key European destinations - Optional euro billing - Simplified tariffs for ease of use • (a) Full service information is available from local FedEx Customer Service on the following toll-free phone numbers: - Belgium: 0800 135 55 - France: 0800 123 800 - Germany: 0800 123 0800 - Ireland: 1800 535 800 - Italy: 0800 123 800 - Luxembourg: 0800 35 55 - Spain: 900 100 871 - Switzerland: 0800 55 3757 - The Netherlands: 0800 0222 333 - United Kingdom: 0800 123 800 FedEx International Priority® is backed by the FedEx Money-Back Guarantee. ------------------------------------------------------------------------ Contact: FedEx Media Relations, Memphis 901/395-3460

To: JakeStraw who wrote (428)	9/28/1999 8:14:00 PM
From: skinydipper	Read Replies (1) \| Respond to of 524

Stock repurchase could be 5% increase. Someone check my math please. I think this is a generous offer by FEDX At todays share price of 36.875 if FDX purchases all authorized shares the new share price would be $38.73 15/298=5 share value will be worth 5% more appr. $36.875 * 105% = $38.73112416107 = new share value another way of looking at it 298,000,000.000 shares outstanding x $36.875 per share(todays price) _______________ $10,988,750,000 Total value of stock 298,000,000 -15,000,000 Purchased shares _____________ 283,000,000 shares outstanding remaining total value remaining new value per share $10,988,750,000 /283,000,000 = $38.82950530035 $38.82950530035 - $36.875 _______________ $1.95450530035 dollar increase in share value