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URL:  https://boards.fool.com/whats-next-13546341.aspx

Subject:  What's next? Date:  10/23/2000  6:04 PM
Author:  Spriteman Number:  130 of 649

http://dailynews.yahoo.com/h/nm/20001023/tc/unitedoutlook_dc_1.html

Jilted at the altar by Honeywell International Inc., United Technologies Corp. is still a handsome suitor that will recover from the embarrassment and keep searching for attractive partners, analysts said on Monday.

Hartford, Conn.-based United Technologies, the world's biggest maker of elevators and air conditioners, saw its dream marriage collapse last Friday when a much bigger rival, General Electric Co., muscled onto the scene and eloped with Honeywell with a dowry billions of dollars sweeter than United Technologies was willing to pay.

GE announced its $43-billion stock acquisition of Honeywell, the biggest deal in GE's 108-year history, late on Sunday, officially ending the short-lived menage a trois among three Dow Industrials component stocks.

United Technologies' unsuccessful wooing of Honeywell sparked talk that the company will now train its sights on Rockwell International Corp (NYSE:ROK - news) -- Honeywell's major rival -- whose shares rose sharply on the speculation.

Spokesmen for both United Technologies and Rockwell International said their companies do not comment on rumors and speculation.

``With 'only' $7 billion in sales and market cap, (Rockwell) is looking downright small and vulnerable,' Salomon Smith Barney wrote in a research report. ``Rockwell is certainly a good second choice for UTX and does not bring anti-trust issues since ROK does avionics and UTX does not.'


Always Long,
Spriteman
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