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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (248)	4/24/1998 8:02:00 PM
From: porcupine --''''>	Respond to of 1722

* BOEING CO reported 1Q EPS of $0.05 vs $0.55 fully diluted in the prior year period, on revenues of $12.9 mln vs $10.4 mln. Analysts' mean estimates were $0.07, according to First Call. (Reuters 09:52 AM ET 04/22/98) For the full text story, see infobeat.com * BOEING CO reported a 91% drop in its 1Q profit, worse than Wall Street expectations and including a $219 million forward loss on the next-generation 737 program. Sales jumped 24%, to $12.9 billion, after Boeing delivered 108 commercial aircraft in the quarter, 31 more than in the 1997 period. However, the commercial aircraft segment's margins were hit by the model mix of deliveries, inefficiencies tied to the boost in production rates, pricing pressures, and lower price-escalation trends. Because of the production inefficiencies, the next-generation 737 program is in a loss position for the initial 400 units. (Reuters 09:36 AM ET 04/22/98) For the full text story, see infobeat.com * TRANS WORLD AIR Inc. ordered 24 new MD-83 aircraft from BOEING CO. which will allow the carrier to complete its plan to reduce the average age of its planes by more than one-third. The value of the order was not immediately available. TWA is scheduled to take delivery of three of the new aircraft every month beginning in May 1999 and continuing through December 1999. The 24-aircraft order is in addition to ten MD-83 planes previously scheduled for delivery to TWA in 1998 and 1999. (Reuters 08:55 AM ET 04/22/98) For the full text story, see infobeat.com * BOEING CO Chairman and Chief Executive Officer Phil Condit said the aerospace giant expects to deliver 142 commercial jets in the current quarter, up from 108 in the first quarter. Condit told reporters in a conference call the deliveries would keep the company on target to deliver 550 jets for the full year and generate about $55 billion in overall revenue. Condit also said the new 717 model, formerly the MD-95, would be rolled out of its Long Beach, Calif., assembly plant in a June 10 ceremony, but first flight of the jet would be delayed by engine problems. (Reuters 11:48 AM ET 04/22/98)

To: porcupine --''''> who wrote (248)	4/24/1998 8:13:00 PM
From: porcupine --''''>	Respond to of 1722

In August 1993, with IBM at 20, nobody on Wall Street liked it. Now that it has more than quintupled, they're lining up to recommend it -- which worries porc --''''> * IBM jumped to an all-time high in early trading on Tuesday after the computer giant reported 1Q per share results that beat Wall Street estimates by one cent. "IBM had lowered their forecasts and came in with a better number than anticipated," Peter Coolidge, senior equity trader Brean Murray & Co. "That just reinforces the thought that technology earnings are not as bad as people thought a month ago, which is helping give technology a shot in the arm." Analysts at brokerages Lehman Brothers and Morgan Stanley both upgraded their ratings on IBM to outperform from neutral. (Reuters 10:16 AM ET 04/21/98) For the full text story, see infobeat.com * SoundView Financial Group said analyst Gary Helmig raised his 4Q price target on IBM to $120 from $110. He lowered 1998 earnings to $6.54 from $6.60 and raised 1999 view to $7.52 from $7.40. (Reuters 12:29 PM ET 04/21/98) * Lehman Brothers said that it upgraded its rating on IBM to an outperform from neutral. It is maintaining 1998 EPS estimate of $6.60 and sees 2Q earnings of $1.50 vs $1.43 for 1997's 2Q. It is initiating 1999 earnings projection of $7.40/shr, 12-month price target is $130/shr. (Reuters 12:18 PM ET 04/21/98) * Morgan Stanley Dean Witter analyst Thomas Kraemer said he upgraded his rating on IBM to outperform from neutral. He said his rating change was a bet on IBM's growth potential and the upgrade cycle he anticipates from the early shipment and better performance of IBM's Symphony mainframe. He said in report if conservative estimates are correct, IBM should be able to grow revenue in double digits in fiscal 1999, a performance not seen since 1995. (Reuters 12:20 PM ET 04/21/98)