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Any thoughts on Boeing ?

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lmountford

Posted: Fri Feb 25, 2005 10:19 pm Post subject: Any thoughts on Boeing ?

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Friday - " Wall street rally spurs blue chips to highest close of year ".
"Boeing closed up 1.05 dollars at 54.99 dollars" However Former CFO Michael Sears has been sentenced for bribing senior pentagon official Darleen Druyun into awarding contracts. CEO Harry Stonecipher wants investors to believe the worst is over "But that was before the U.S. Attorney said Boeing's top executives seemed to have treated Sears' illegal efforts to hire Druyun as "business as usual," according to court papers made available Feb. 17. The prosecutor's criticism of Boeing's senior management could spawn further federal probes of individual executives at the Chicago-based aerospace goliath. And it could significantly boost the cost of any settlement in negotiations between Boeing and the Pentagon".How do you think the ongoing corruption investigations will affect Boeing in the long term? . Are they so big as to be untouchable or could this cause serious problems for investors?All quotes from Yahoo finance

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