SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Scientist who wrote (7204)1/13/2000 5:45:00 PM
From: brian h  Respond to of 10852
 
RS,

Boeing to Buy Hughes Satellite Businesses for $3.75 Billion.

Seattle, Jan. 13 (Bloomberg) -- Boeing Co. agreed to buy
some Hughes Electronics Corp. satellite businesses for
$3.75 billion in cash, making it the world's No. 1 maker of
satellites and accelerating a push beyond aircraft-building.


The purchase includes Hughes' satellite-manufacturing
operations and two smaller businesses that make electronic
components and solar cells for satellites. The businesses had
sales of $2.3 billion last year and employ about 9,000, mainly in
the Los Angeles area. Hughes is a unit of General Motors Corp.

Brian H.
I just the answer. It is $3.75 billion.



To: Rocket Scientist who wrote (7204)1/13/2000 5:45:00 PM
From: Valueman  Respond to of 10852
 
1X Sales



To: Rocket Scientist who wrote (7204)1/13/2000 6:11:00 PM
From: Jim Parkinson  Read Replies (1) | Respond to of 10852
 
Marc Nabi with Morgan Stanley is using $3.50/sh for the sat mfg division.