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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (9554)	7/17/2002 10:31:00 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Stock near 52 week low - Delphi Reports increase of 29 percent year-over-year Revenue increases 5.4 percent to $7.3 billion for the quarter Non-GM revenue grows 13 percent year-over-year TROY, Mich., Jul 17, 2002 /PRNewswire-FirstCall from COMTEX/ -- Delphi Corp. (NYSE: DPH chart, msgs) today reported a 29 percent year-over-year increase in earnings for the second quarter of 2002 as the company benefited from a 5.4 percent improvement in revenue combined with operating cost reductions resulting from ongoing restructuring and cost containment initiatives. (Photo:http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO ) "Non-GM revenue grew 13 percent versus the same period last year, which contributed to solid results for the quarter," said Delphi Chairman, CEO and President J.T. Battenberg III. "In 2001 and early 2002, we announced restructuring plans to re-size the company to benefit from an anticipated rebound. Our continued restructuring, portfolio transformation and customer diversification initiatives are on track to yield improved results."