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.

Non-Tech : Gillette (G) - Even Buffett Justify This One -- Ignore unavailable to you. Want to Upgrade?

To: Rainy_Day_Woman who wrote (555)	4/16/1999 12:58:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 684

Heck, at least they upped the dividend. Thursday April 15, 8:41 pm Eastern Time Gillette says NATO action affecting its business BOSTON, April 15 (Reuters) - Consumer products giant Gillette Co. (NYSE:G - news) said the war in Kosovo was having an adverse affect on all of its products, from razors and blades to batteries and toothbrushes. The war is having a negative effect on product sales ''not only in the region, but in Croatia and even in Italy, believe it or not,'' said Jorgen Wedel, executive vice president of the Boston-based global company. He said the impact was not something he could quantify, but has been talked about ''in sales calls and everybody is worried about the future.'' Gillette executives spoke with analysts and reporters after the company's annual shareholder meeting where the company's chief executive officer for the last nine years, Al Zeien, was formally stepping down. Fresh off a profit warning issued early in April, the maker of Duracell batteries, Mach3 razors and Braun appliances reported net income of $269 million, or 24 cents per diluted share, versus $268 million, or 23 cents, for same year-earlier period. The company is expecting to return to double-digit earnings in the second half of the year, officials said. Gillette closed at $50.13, down 19 cents. biz.yahoo.com