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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 (1149)	1/27/1999 5:55:00 PM
From: Wren	Respond to of 1722

Boy, that 1955 Olds 88 two hardtop was about the hottest thing in the U. S. My college roomie's older brother bought one. The Rocket V-8 was the hottest engine!!!!! I believe General Motors started to slide badly some years later, when (I forget in which year) that the news broke that the then current 88 Olds was powered by an engine manufactured by Chevrolet. GM lost a lot of credibility when that happened.

To: porcupine --''''> who wrote (1149)	1/29/1999 9:28:00 PM
From: porcupine --''''>	Read Replies (2) \| Respond to of 1722

GM "stretch" goal $11/shr in '99 - analyst DETROIT, Jan 29 (Reuters) - Morgan Stanley analyst Stephen Girsky said Friday that executives at General Motors Corp., the world's No. 1 automaker, have a 1999 "stretch" earnings target of $10 to $11 per share, far above Wall Street estimates of $8.62. GM management briefed analysts at meeting in Detroit late Thursday and again on Friday. GM executives said previously that stretch targets reflected what the company could achieve if all its plans went as scheduled. In North America alone, GM has an earnings "stretch" target of $4 billion in 1999, up from actual earnings of $1.7 billion in 1998, Girsky said in a research report. Executives told analysts that the company could double its profits in Europe to around $900 million in 1999 from $463 million in 1998 and minimize its losses in the Asia/Pacific and Latin American regions, Girsky said. A GM spokeswoman declined to comment on the analyst meeting or the earnings targets. "Management communicated a sense of urgency within the organization to cut costs, boost productivity, quality and customer satisfaction," Girsky said. GM management expects to launch a new product in North America every 28 days over the next few years and sees cost savings in purchasing, engineering, capital and overhead. According to First Call, analysts on average expect earnings of $8.62 per share for 1999 and $9.84 in 2000. GM's shares were down 2/16 at 91-15/16 on the New York Stock Exchange in early afternoon trading. ((Detroit newsroom, 313-870-0200))