It doesn't take a crystal ball to see that Bombardier has a great future: The order backlog stood at $15 billion at the end of January 1999, and Amir Karim at Goldman , Sachsin New York expects free cash flow to soar from $23 million in fiscal 1998 to $670 million in 2001, thanks to a sharp reduction in development costs as its aircraft programs mature.
The company for the first time stopped revealing AOL's backlog of future advertising revenue under contract.
The company said orders rose 19 percent in the quarter to $25.7 billion and that its backlog of future orders hit a record $229 billion.
But the company's backlog, which represents future housing revenue, declined, and net orders fell 39 percent as demand slowed after federal home buyer tax credits expired in April.
But even if the mayor reached his target, 40,000 a year is simply not enough to deal with future demand and the current backlog.
"What's appealing is the visibility of their future revenues thanks to a backlog of service agreements," says Davenport.
On Thursday, Mr. Immelt said the backlog, a gauge of future results, was $177 billion.
The company's backlog, an indication of future sales, rose 37 percent to 2,403 homes.
Sales were driven by demand in Asia and Europe, where its order backlog, an indicator of future sales, rose 42percent and 55 percent, respectively.
But the orders backlog, a harbinger of future production, rose 0.5percentto to $519.04 billion, adding to January's 0.7percentt gain.
