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To: Paul Shread who wrote (40186)	10/9/2002 5:07:28 PM
From: Trumptown	Respond to of 52237

Hmmm, how timely!:) biz.yahoo.com Reuters Company News United Technologies increases share buyback Wednesday October 9, 4:58 pm ET HARTFORD, Conn., Oct 9 (Reuters) - United Technologies Corp. (NYSE:UTX - News), which makes building systems and aerospace products under names like Otis and Carrier, on Tuesday said it expects its total 2002 share buybacks to be larger than expected. Hartford, Connecticut-based United expects share repurchases this year to total $700 million, $100 million more than previous guidance. The company also said its board has authorized a buyback program of up to 30 million shares of stock, worth about $1.5 billion at current share prices. United said the new authorization replaces a previous share repurchase authority from the board. Shares in the company closed down 4.1 percent at $49.19 on the New York Stock Exchange