The Middle East crisis has done little to alter The Boeing Co.'s conviction that it will be building jetliners at a brisk pace through the year 2005. "Who knows what's going to happen?" said David Sepanen, Boeing's manager for marketing research. "But, right now, we view what's going on in the Middle East as a short-term problem." Boeing's optimism aside, investors have been treating the company's stock like the plague in recent weeks. From a 52-week closing high of $61.50 per share, Boeing stock has plummeted to a Friday closing price of $41.625. That translates into a loss of market capitalization (computed by multiplying the number of outstanding shares of common stock 246 million by the share price) of $4.98 billion. (excerpt)
Full text: Seattle Times, Sep 30, 1990
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