Thread: Eclipse
View Single Post
Old 03-04-2009 | 05:51 PM
  #16  
Cubdriver's Avatar
Cubdriver
Moderator
 
Joined: May 2006
Posts: 6,056
Likes: 0
From: ATP, CFI etc.
Default

Originally Posted by PKCO
...I'm more concerned with what Textron's going to do next.
...Meaning?

Textron is struggling like so many tech stocks are these days, they peaked at about $75 a share last year and this year they have actually been threatened with getting delisted on the stock exchange due to the drastic loss in value; I think it's around $5 now. So they are struggling. They have said in recent statements they are not ready to sell any core assets and the useless financial arm is gone already. You should refer to their own statements. But I have heard not a word about bankruptcy, selling any core assets, or any their having any interest in buying more assets.
Reply