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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Rick_Barry who wrote (2242)	4/30/1999 6:49:00 PM
From: djp	Respond to of 3764

Ba could not win a plane order if the gave them away.

To: Rick_Barry who wrote (2242)	5/1/1999 7:58:00 PM
From: Rick_Barry	Read Replies (1) \| Respond to of 3764

Amid the good earnings news, the company warns of a downturn in 2000. Any thought? ----------------------------------------- From The Orange County Register By Chris Knap 4/16/99 .... Boeing stock, already up 10% on expection of the good news, jumped again Thursday befor closing at $41.69, a five-month high. Some analysts looked skeptically at the run-up, noting that Boeing's teleconference Thursday was filled with warnings. Boeing CEO Debby Hopkins said 3 cents of the earnings came from settlement of a contract dispute, and the following quarters will not be as profitable. Boeing CEO Phil Condit said the company still sees a $10 billion downturn in jets next year. "I am stunned that the stock has jumped 20% in a day and a half," said Peter Aseritis of Credit Suisse First Boston. "I told our salespeople that anything over $40, I'd start to take profits(sell)." "I think it's more of a case of an updraft in the industrial segment that pulled Boeing along with it" said William Fiala of Edward Jones. Analysts have been almost unanimous in their praise for new CFO Hopkins, who has inisited that BA look at the cost of each airplane sale. But Hopkins' sharp pencil may not portend well for the 2,000 Long Beach workers building the 717. Condit said company analysts aren't sure the 717 can be built and sold at a price that allows Boeing to make money.

To: Rick_Barry who wrote (2242)	5/2/1999 6:51:00 AM
From: larry larsen	Respond to of 3764

Thanks for your rational response to my emotional response. Now we can talk! You bring a new variable into the argument with your reference to management lacking focus. Are you criticizing the work ethic of the engineers and hourly workers or the competence of management or both? Boeing is a large company. How representative was your sampling when you conducted your study? Boeing management has made a long series of blunders when it comes to high cost initiatives. Not only that, but they seem to promote those managers responsible for the incompetence. But, unfortunately, I can't talk too much about that, either. In any department you can find the low achiever if that's what you're looking for. I'll grant that BA does little to rid itself of deadwood. But beyond that, I see hard working professionals who are dedicated to performing to very high standards and who accomplish great things in spite of an incompetent management. In years past, BA has been able to make money in spite of itself. Now, with the competition from Airbus, it has to go through what is turning out to be a very painful reexamination of the way it does things. If it will only stop looking to places like Japan for answers and look within, they will succeed. My bet is they will. . . Regards, Larry