Word: phillippi
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Dates: during 1990-1999
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...April 12. That lack of support has caused Chrysler stock, which jumped nearly $10 a share to $48.75 on the day of the announcement, to fall back since then and close last week at $43.25. "This deal is dead in the water," says Lehman Brothers' analyst Joseph Phillippi. "Wall Street and long-term investors basically want Kerkorian gone...
...dividend boost for shareholders. General Motors is expected to remain in the losers' column when it reports its quarterly earnings this week, mainly because of huge write-offs from its troubled Hughes defense subsidiary. "We haven't had any real recovery yet," cautions Shearson Lehman analyst Joseph Phillippi. "The automakers are not doing badly, but they're still struggling." But for a change, the only red in Detroit's auto shops was to be found on its sporty new convertibles...
...comeback that Iacocca began more than a decade ago. On the positive side of the ledger, years of employee teamwork have created a new generation of promising Chrysler cars, Jeeps and minivans. "You couldn't want better vehicles to market, heading into an upturn in the economy," says Joseph Phillippi, who watches the industry for Shearson Lehman Hutton. At the same time, Chrysler's chronic cash crunch (it lost $795 million last year) makes it crucial for the vehicles...
...breakthrough is most unwelcome news for the Big Three -- already hurting because of perceived shortcomings ranging from mileage to quality control. "It's probably giving the boys in Detroit a few sleepless nights," said Joseph Phillippi, an automotive-industry analyst at Shearson Lehman Bros. in New York City. "The Big Three say that they have similar technology, but Japan puts it in the showroom." The Japanese now command roughly 25% of the U.S. auto market, a 5% gain in three years...