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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: BigLouie who wrote (1868)	5/23/1999 1:22:00 PM
From: Sergio H	Respond to of 1923

Mario, I did notice the article and agree with your conclusion that it's no small feat. It's strong evidence as to how the shareholders are receiving a bum deal in the proposed merger. AS

To: BigLouie who wrote (1868)	6/5/1999 2:46:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1923

Mario, getting back to ATPX supplying the shells for Raytheon's missiles, or reason number xyz why the takeover price for ATPX is ridiculously low: <Conflict Gives Raytheon Big Contracts By TOM KIRCHOFER Associated Press Writer BOSTON (AP) -- The missiles and bombs raining down on Serb forces in Yugoslavia could add up to big money for the Raytheon Co. (NYSE:RTNa - news; RTN - news), whose officials estimate they could gain about $1 billion in new contracts to replace munitions used in the Balkans. While 10-figure defense outlays are nothing new in the United States, Raytheon's direct link between military action and possible new revenues cast the Kosovo conflict in a new light, as a war that could be profitable to American defense contractors. Raytheon Systems Co., Raytheon's defense unit, is eyeing Pentagon contracts for the replacement of weaponry used in the nearly three-month-old engagement. Dave Shea, a spokesman for Raytheon Systems, said Thursday the company sees the potential for $1 billion in new orders. ''But contract awards have not started flowing yet.'' He said the company is trying to capitalize on a variety of congressional outlays, including $420 million for the renovation and upgrade of Tomahawk missiles. Last month, President Clinton signed a bill that earmarked $12 billion for the air assault, as well as for the Kosovo Albanian refugees, Balkan countries near the fighting and U.S. forces around the globe. Lexington, Mass.-based Raytheon expects contract awards within six to 12 months, with the work spread out over about two or three years, Shea said. The prospect of a humanitarian crisis paying off for American executives and shareholders is unsettling for investment managers like Sophia Collier, who chairs Citizens Funds, a Portsmouth, N.H., mutual fund company that tries to practice what it calls socially responsible investing. ''We don't hold Raytheon. One of the things the fund has done is made a conscious decision not to hold the stock of military contractors,'' said Collier, the company's chairwoman. ''We've made the moral decision to avoid profiting from war.'' Still, Raytheon has been a hot stock, and analysts expect the new business to benefit shareholders. ''It's certainly significant,'' said Paul Nisbet, a defense analyst at JSA Research Inc. The defense giant had sales of $4.9 billion for the quarter ending in April, and with any new contracts spread over a few years, ''its impact on any one year is not great,'' Nisbet said.> AS