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.

Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (1102)	4/28/2003 10:53:58 AM
From: Gilbert Drapeau	Respond to of 1177

Bombardier Provides Update on Divestiture Process for Recreational Products Business MONTREAL, QUEBEC--APRIL 28, 2003 - 10:39 EST Bombardier Inc. confirmed today it has commenced the sales process for the divestiture of the recreational products business and that it has received numerous expressions of interest from both financial and strategic buyers. The Confidential Information Memorandum will be sent out to qualified interested parties in early May. Bombardier also confirmed that the recreational products business will be sold as a single entity in order to maximize value to Bombardier shareholders. It indicated that the business will not be sold to a direct competitor as this would require regulatory approvals, which may be impossible to obtain, or would result in unacceptable delays in closing a transaction. The committee of independent directors responsible for overseeing the divestiture process has also concluded that such a delay would not be compatible with maintaining the optimal value of the business and with completing this important step in Bombardier's recapitalization program on a timely basis. Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

To: Gilbert Drapeau who wrote (1102)	5/20/2003 2:15:12 PM
From: Gilbert Drapeau	Respond to of 1177

Bombardier Receives Launch Order for New Multi-System Locomotives From The Swiss Federal Railways MONTREAL, QUEBEC--MAY 20, 2003 - 11:52 EST Bombardier Transportation will manufacture 18 new multi-system locomotives, derived from its class 185 model, for SBB Cargo in Switzerland. The order, which was confirmed by the Supervisory Board of SBB Cargo, is valued at approximately $103 million Cdn (99 million Swiss Francs). The official contract is scheduled to be signed within the next few weeks. The locomotives, which are adapted to both AC and DC networks, will be used for freight transport between Switzerland and Italy. Deliveries are scheduled to take place from October 2004 to March 2005. For Wolfgang Tolsner, President, Locomotives & Freight, Bombardier Transportation, the multi-system locomotive is a milestone in the development of locomotives: "With the multi-system version of our successful class 185 locomotive our customers can now cross the borders of electric systems. This will considerably increase the competitiveness of pan-European freight transport on rails." Thanks to its modular design, the class 185 locomotive can be equipped with the most advanced and powerful electronics used both on the 15 kV AC network in Switzerland and the 3 kV DC network in Italy. Furthermore, the train control systems of both countries will be installed in the vehicles. The multi-system locomotive meets all requirements for cross-border freight traffic, and is especially well suited to the Bellinzona - Luino - Gallarate line. The new multi-system locomotives can easily be integrated in the fleet of 50 freight locomotives of the class Re482, as it is called in Switzerland, previously ordered by SBB from Bombardier. To date, 150 locomotives of class 185 have proven their reliability on more than 20 million kilometers across Germany and Switzerland. Their availability rate is very good, and their operation and maintenance costs are low. The new locomotive, which can reach a maximum speed of 140 km/h and a power of 5.6 MW at an alternating current of 15 kV, will be developed by Bombardier mainly in Oerlikon and Turgi, Switzerland. It will be manufactured in Kassel, Germany, before being commissioned by Bombardier in Switzerland. Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and total transit systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control solutions. Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).