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by 2/21/2001 9:22 AM
Stocks quoted in this article:
Daimler Chrysler (DCX – 51.29) is full of new plans to spur on its ailing U.S.Chrysler division. The company has hired two of Ford's top marketing executives. Ford's head of global marketing and marketing chief will both be coming to Chrysler as reshuffling of executives at the ailing automaker continues. There is even talk of using Mercedes engines in some of the Chrysler products.

In a move unrelated to the news above but nevertheless interesting, DCX's Freightliner division has introduced a new vehicle larger than any SUV on the road. The Unimog is over nine feet tall and 20 feet long. The four-wheel drive vehicle will retail for about $84 thousand.<
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by 2/21/2001 9:04 AM
Stocks quoted in this article:
Software company Sybase (SYBS – 24-1/2) will purchase New Era of Networks (NEON – 6-15/16) in a stock-for-stock deal valued at approximately $373 million. The deal values NEON shares at approximately $9.50 per share, based on last night's closing prices. This figure will probably change somewhat, because the acquiring company usually sees a drop in its stock price, but it is still a hefty premium for NEON. On the other hand, NEON was trading as high as 96-1/4 almost a year ago. SYBS sees their acquisition of the e-Business enabler as a step in their plan to enter the B2B infrastructure area.<
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by 2/21/2001 8:56 AM
Stocks quoted in this article:
Food and beverage giants Coke (KO – 58.47) and Procter & Gamble (PG – 75.71) are forming a new stand-alone company to jointly develop and market about 40 of their brands of non-carbonated fruit beverages and snacks. The joint venture will allow them to take advantage of synergies in cost savings in research and development as well as global distribution of KO's Minute Maid, Hi-C, and Fruitopia brands along with PG's Pringles chips and Sunny Delight, to name a few. The companies feel the new enterprise will enable them to increase sales from the present four billion dollars per year to five billion dollars for these products within two years.
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by 2/20/2001 10:21 AM
Stocks quoted in this article:
Northwest Airlines (NWAC – 22) has lost its chief executive to Burger King. John Dasburg leaves after heading NWAC for 10 years. He will be replaced by Richard Anderson as CEO and Douglas Steenland as president. NWAC shares are taking the transition in stride, as they have been trading slightly higher than Friday's close, so far this morning.
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by 2/20/2001 9:59 AM
Stocks quoted in this article:
Gilead Sciences (GILD - 71-1/4) has announced positive results from the completion of Phase III studies for a new anti-HIV drug that needs only to be taken once a day. The study met desired standards for efficacy and safety. Detailed results will be presented at a conference later in the year.

The shares of GILD gapped up at the open in response to the good news and so far, the stock has continued to trade upwards of Friday's close.
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