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Monday, January 22, 2007

Posted 1/22/2007 05:32:00 PM by Douglas

Name another company that reported an additional $5.3 Billion in sales today, yet whose stock dropped 3.4% because a bunch of bean counters at Wachovia have a bee up their ass? If you guess American's largest exporter, you'd be right. The good news:
US aerospace giant Boeing has won a $5.34bn (£2.7bn) order for 39 passenger jets from General Electric.

Boeing said GE Commercial Aviation Services, the aircraft leasing arm of GE, would take delivery of the planes between 2008 and 2010.

GE plans to buy 24 single-aisle Boeing 737-800 aircraft and 15 Boeing 777s, the aerospace group added.

GE's aircraft division has a fleet of 1,450 planes, which it leases to more than 230 airlines.
Cha-ching! So what's up Wachovia's arse?
Wachovia Securities downgraded the Boeing Co. to market perform from outperform, based on the firm's belief that the commercial aircraft order cycle has peaked.

The investment firm also cited concerns about potential delays in Boeing's 787 program. Boeing stock fell 3 percent during the first two hours of trading Monday.
Weigh Boeing's "potential" delays with AirBus' confirmed inability to make, market, and sell their new monstrosity. So suck it Wachovia.


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