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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: rupers who wrote (8395)10/30/2001 5:01:50 PM
From: RockyBalboa  Read Replies (1) | Respond to of 19428
 
Right. As our friend would say, "nicht zehr gut!".
Even when it is popular, it is up a lot since 9-11, but I expect also this side of the market to neutralise. With the loss in credibility a mo stock like the defense stocks have been, can easily go out of favor. NOC did some acquisitions in the past and perhaps such stock will be sold subsequently...

It is stealing. It is wasting taxpayers money and perhaps not very opportune in a time when public funds are shrinking, not growing...

But nothing wrong with gullibility. USIX put out earning this evening, stating that the common equity will be "materially" diluted (to naught),... stock went up afterhours...



To: rupers who wrote (8395)10/31/2001 8:04:30 AM
From: RockyBalboa  Read Replies (1) | Respond to of 19428
 
Too funny!

3:27AM Northrop Grumman (NOC) 100.35: The Pentagon and the Navy will ask the contractors currently competing for the DD-21 contract -- Northrop Grumman and General Dynamics (GD 81.50) -- to return to the drawing board and quickly come up with a new ship that also can be adapted for missile-defense purposes as well as attacking closer to shore, reports the Wall Street Journal... NOC and GD have been vying for the DD-21 work since 1999... Winner of the revised competition is expected to be announced in the spring of 2002.

>>>>>>>>>>>>>

Edit... what a nice grub! #8400 @ 8:04



To: rupers who wrote (8395)11/6/2001 9:02:49 AM
From: RockyBalboa  Read Replies (1) | Respond to of 19428
 
NOC, NOC.....

Northrop Grumman Announces Proposed Offering of Common Stock And Equity Security Units
LOS ANGELES, Nov. 6 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC - news) announced today that it expects to launch concurrent offerings next week of shares of its common stock and equity security units. Neither offering is conditioned upon the other.

The equity security units are expected to consist of three-year forward purchase contracts to purchase shares of Northrop Grumman common stock and five-year senior notes.

Net proceeds from the sale of both common and equity security units are expected to be approximately $1.2 billion, which will be used to reduce debt and for general corporate purposes.

Northrop Grumman will issue the common stock and equity security units under a shelf registration statement that was previously declared effective by the Securities and Exchange Commission (SEC). The company's registration statement is on file with the SEC and is available on the Internet at www.sec.gov.

J.P. Morgan Securities Inc. and Salomon Smith Barney will act as joint book-running managers for both offerings. When available, a preliminary prospectus supplement for each of the offerings may be obtained by contacting: J.P. Morgan Securities Inc., Prospectus Library, 277 Park Avenue, 11th floor, New York, N.Y., 10017; or Salomon Smith Barney, Brooklyn Army Terminal, 140 E. 58th Street, 8th floor, Brooklyn, N.Y., 11220.

Northrop Grumman Corporation is a $15 billion, global aerospace and defense company with its worldwide headquarters in Los Angeles. Northrop Grumman provides technologically advanced, innovative products, services and solutions in defense and commercial electronics, systems integration, information technology and non-nuclear shipbuilding and systems. With 80,000 employees and operations in 44 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.