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

To: Freedom Fighter who wrote (1359)	2/25/1999 8:55:00 PM
From: porcupine --''''>	Respond to of 1722

Boeing margins will not dip in 2000 -- CFO SEATTLE, Feb 24 (Reuters) - Boeing Co chief financial officer Debby Hopkins said Wednesday the company's operating margins will not fall next year despite a projected decline in revenues. [Hopkins was credited with restoring GM Europe to profitability when she was finance chief there -- RR] In a conference call with reporters, Hopkins said executives were increasingly confident the company will hit the upper range of financial projections issued last month. "We would not change the ranges, but we are seeing much stronger performance at the higher end," she said. Last month the company projected revenues would fall to $49 billion in 2000 from a cyclical peak of $58 billion this year and said overall operating margins would be in the range of 4 to 5 percent this year and 3.5 to 5 percent in 2000. But Hopkins, speaking after a meeting with financial analysts in Orlando, Fla., said the company now believes margins "will not dip down in 2000 despite having lower revenues." Hopkins also said Boeing has identified three or four "value-destroying" programs that will have to be brought above break-even levels or eliminated from the company. She declined to specify the programs.