Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : LOCKHEED MARTIN, (LMT) -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (623)	1/19/2000 12:50:00 AM
From: pcyhuang	Read Replies (4) \| Respond to of 732

Big Institutional Buy Interest The latest Thomson's I-Watch shows big institutional interest in LMT are primarily on the buy side. Click on the following before Jan. 19 market's opening. thomsoninvest.net pcyhuang huangcapital.com

To: pcyhuang who wrote (623)	2/19/2000 6:06:00 PM
From: Dale Stempson	Respond to of 732

Lockheed Raises Cost-Cutting Target By 54 Percent to $4 Billion By Josh Fineman Lockheed Raises Cost-Cutting Target By 54 Percent to $4 Billion Bethesda, Maryland, Feb. 17 (Bloomberg) -- Lockheed Martin Corp., the world's largest defense contractor, said it's ahead of schedule on a cost-cutting program and raised the amount of targeted savings by 54 percent to $4 billion. The company last year achieved about $1.4 billion in savings, up from the $520 million targeted when it began the Lockheed Martin in the 21st Century, or LM 21, program in 1998. Lockheed has been hobbled by problems on its C-130J transport plane, Titan IV rocket and lack of demand for its commercial satellite. The company issued several profit warnings last year that caused its stock to lose almost half its value. It said last month it will cut about 2,800 jobs in its aircraft and space divisions as part of a restructuring to restore profits. ``It worked better than expected, so we see there can be more savings realized,' said Hugh Burns, a Lockheed spokesman. The cost-cutting program is being headed by Michael Joyce, who was appointed vice president of Best Practices. Lockheed, based in Bethesda, Maryland, has identified 200 of the best practices being used throughout the company's four main businesses to improve efficiency and save money. The goal is to share those practices among all parts of the business -- manufacturing, program management, procurement, engineering, accounting and personnel. The cuts announced last month are expected to generate about $200 million in annual savings. Lockheed Martin shares rose 1/4 to 18 in New York Stock Exchange trading. They've fallen 50 percent over the past year and the company was the second worst performing stock of the eight stocks in the Standard & Poor's Aerospace/Defense Index. __________ Regards - Dale

To: pcyhuang who wrote (623)	2/21/2000 11:40:00 PM
From: Dale Stempson	Respond to of 732

Here's another article about how Boeing's loss could open the door for LMT. I thought the 2nd to the last paragraph was interesting (bold is mine): ______________________________ Boeing loses big chunk of $1.3 bln satellite deal Last Update: 5:15 PM ET Feb 19, 2000 NewsWatch LOS ANGELES (AP) -- Boeing lost options to complete a $1.3 billion project to build 33 global positioning satellites for the Air Force in a decision that could cost the company hundreds of millions of dollars. Boeing (BA: news, msgs) will be allowed to build as many as 12 of the satellites, but others will be put out for competitive bidding, the Air Force said in a statement Friday. Under the terms of a 1997 deal, the Air Force agreed to buy six satellites from Boeing and held options for another 27. The satellite system is used for navigation by military aircraft, ships, land forces and smart weapons. The Air Force decided to rebid the contract because of a need to update the satellites with new technologies that have emerged since Boeing was hired to do the work, according to a statement released through the Space and Missile Systems Center at Los Angeles Air Force Base. The Air Force was pleased with Boeing's work to date. "Boeing's performance has been exceptional,' the statement said. The company is expected to bid on the project again, along with Lockheed Martin (LMT: news, msgs) and Loral Space & Communications (LOR: news, msgs). An analyst said the Air Force's decision may have been prompted not by technology, but by a desire to shore up Lockheed Martin's satellite business. Boeing shares closed down 1 1/2 Friday at 36. Lockheed traded down 9/16 at 17 7/16. Loral dropped 7/16 to 15 3/8. ______________________________ Link: cbs.marketwatch.com ______________________________ Regards - Dale