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.

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

To: porcupine --''''> who wrote (1115)	1/13/1999 6:33:00 PM
From: porcupine --''''>	Respond to of 1722

Boeing plane orders rose, value fell in '98 SEATTLE, Jan 8 (Reuters) - Boeing Co. the world's largest commercial aircraft maker, said on Thursday night it received orders for 656 planes in 1998, 16 percent more than 1997's 568 orders. The value of the 1998 orders, however, fell to $42.1 billion, compared with $42.8 billion in 1997, because the company sold more of its cheaper narrow-body jets last year, according to Boeing's web site. The healthy stream of orders increased the total of unfilled announced orders at year's end to 1,786 -- 43 more than a year earlier. Boeing, which was hurt this year by the Asian economic crisis, said in a statement it "continued to increase its presence in the worldwide fleet in 1998, delivering more than two of every three commercial airliners of 100 seats or more." Boeing delivered 563 commercial airplanes in 1998 -- a 50 percent increase over 1997. Those deliveries included the first 737-600, 737-800, 777-300 and the Boeing Business Jet. "A major challenge awaits us -- delivering even more jets in 1999 while improving productivity and efficiency," said Boeing's President of Commercial Airplanes Alan Mulally. "We must keep our focus on that challenge in order to achieve the financial health that will be key to aerospace leadership in the 21st century," Mulally said. The company expects to deliver an estimated record 620 commercial airplanes in 1999, about two-thirds of all planes expected for the year. Boeing has delivered nearly 12,500 commercial jets since the beginning of the jet age, with Boeing accounting for about three of every four jets in service. ((--New York Newsdesk (212) 859-1700))