You have to size the company to the current market. What would you have
them do? Run flat out until they have no backlog and then go out of
business? Keep in mind that a lot of their backlog is for airplanes that
they couldn't ship (new models). .I don't know about Textron's management,
perhaps they are terrible but I don't see anything here that demonstrates
that they are.

Mike
MU-2


"C J Campbell" wrote in message
...

"Nomen Nescio" ] wrote in
message
...
| -----BEGIN PGP SIGNED MESSAGE-----
|
| BOSTON, Jan 29 (Reuters) - Textron Inc. TXT.N on Thursday
| said quarterly net income fell sharply as profit at its key
| Cessna aircraft division was cut more than 50 percent on slack
| demand for business jets.
|
| Revenue at Cessna plunged to $620 million from $896 million
| in the year-ago quarter. Profit fell to $43 million from $94
| million on lower sales of Citation business jets.
|
| Backlog for unfilled customer orders at Cessna was $4.4
| billion, or flat with the third quarter, Textron said.
|

Um, let's see. There is a backlog, meaning that they have more orders than
they can fill. So they cut production by 50%, tell their customers that no
planes will be available until 2006, then whine that their sales are down.
Whoever is running this company should be hanged. No, actually, drawn and
quartered -- and their living entrails burned before their very eyes.
Seriously, Cessna has a management problem. In fact, they have possibly
the
worst management in their entire history -- and that is going some. I
believe that even I could turn that company around.