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 : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (2449)	7/15/2001 10:27:41 PM
From: John Pitera	Read Replies (3) \| Respond to of 2850

Mr. Lamb... speaking words of truth.... with CMRC every article and interview of management the past 4 months talks about the build out of the software systems taking 10 times longer than they planned. but the trends are constructive... I was going to look up the latest news on CMRC just now but I noticed that the latest Reuters story is good news for Covisant's revenues.: Sunday July 15, 9:02 pm Eastern Time Japan's Fuji Heavy to Boost GM Parts Buys TOKYO (Reuters) - Japan's Fuji Heavy Industries Ltd., best known as the maker of Subaru brand cars, said on Monday it was stepping up joint parts purchases with U.S. auto titan General Motors Corp (GM) in a bid to cut costs. Fuji Heavy, 21 percent owned by GM, aims to use its partner's global procurement system to jointly purchase about 10 percent of parts in the current business year that began in April. That will increase to 30 percent in two to three years, it said. ``The company has not officially announced any figures, so it would be premature to put a number on how much this will come to,'' a spokesman said. The Nihon Keizai Shimbun business daily said on Sunday that Fuji Heavy would jointly purchase about 50-60 billion yen ($400 million to $480 million) worth of parts this business year. The two companies have already been jointly purchasing about 10 items through GM's procurement system on a trial basis, the newspaper said. Japanese affiliates of GM, including Isuzu Motors Ltd. and Suzuki Motor Corp, will also be looking to use the global system to reduce parts costs, the newspaper said. Isuzu aims to slash purchasing costs by 30 percent, it added. Isuzu and Suzuki could not be reached for immediate comment. Fuji Heavy shares were down 0.11 percent at 873 yen in early morning trade, in line with a slight fall in the benchmark Nikkei average. biz.yahoo.com