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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?


To: larry larsen who wrote (2487)10/12/1999 9:09:00 PM
From: larry larsen  Read Replies (1) | Respond to of 3764
 
My put on the debacle today:

General market conditions - though how many times has BA actually gone up in a down market?

Wall Street Journal article blowing, in my opinion, the loss of the 717 order to British Airways out of proportion. It over emphasized the standardization factor while trivializing the financing and pricing package Airbus probably provided and the superior operating capabilities of the 717.

Raytheon tanked and took the rest of the defense sector with it. RTNa/b is wrapped around the axle with fixed cost government contracts and taking a bath. This scenario doesn't apply to Boeing.

It hurts, but maybe those of us who are long BA will feel better on Thursday.

Remember, there's good news out there:

747 production rates were increased a month or so ago - a very good sign. The double aisle airplanes are the money makers. As long as the cash cows come home, it is well that Boeing no longer sells airplanes at a loss just to keep market share.

Larry