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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: d[-_-]b who wrote (176785)	10/17/2003 7:12:00 PM
From: tejek	Read Replies (1) \| Respond to of 1574327

re:Its all bull. Including the part about providing a lot of jobs? I believe those jobs to be on their way out. When Boeing moved to Chicago, I think that was the signal that they were leaving. It may take 20 years but I bet Boeing eventually will be a thing of the past here in the Puget Sound. re:Condit is a condom. That appears to be a really constructive statement. Why so much hate? Because I think he plays games.........I think he says one thing and thinks another. My attitude was confirmed in two ways......the way he behaved in the HWP merger with Compaq [he was on the HWP board of directors] and by some guys who work at Boeing. To a man, none had a nice thing to say about Condit; that since he took over BA, there has been more BS than straight shooting. From what I can tell, that opinion is pretty uniform throughout Boeing. Ans whenever Condit is called on his BS, he blames it on the board. That's why I am glad at the negative reaction to comment from Mulally on WA state's biz climate comment. That was Condit speaking through Mulally. I think its time to wean ourselves of Boeing. re:Boeing is one of the worst managed businesses in the country. Its margins stink up the joint. Perhaps true, however they somehow managed to outperfom the company I worked for once - McDonnell Douglas. That's cause McDonnell made a lot of mistakes. Let me give you an idea how BA's margins stack against the industry average.......the average, not the leaders. BA's Gross Margin is 13% vs the industry average's 16%. Operating Margin is 2.19% vs the indus. ave. of 4.59%. And catch this one..........its profit margin is POINT 57% vs 2.33% for the industry......that's pitiful! To add to the misery, its return on equity....always important to shareholders.......is a miserable 3.38% vs the ave. of 6.13%. Neither number is good but BA's is half the industry ave. As an example, a good number is 17%. So all I can say is McDonnell Douglas must have been a real dog. Did you say you were CEO of McDonnell? <g> ted