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Conference tnpubs::xwell

Title:	Honeywell (Bull) Alumni

Moderator:	TNPUBS::JONG

Created:	Tue Mar 31 1987
Last Modified:	Thu Apr 27 1995
Last Successful Update:	Fri Jun 06 1997
Number of topics:	57
Total number of notes:	213

19.0. "The Bottom Line?" by DELNI::JONG (Steve Jong/NaC Pubs) Wed Feb 17 1988 10:01

    Has anyone heard how Honeywell Bull is doing financially?  I had
    expected that the company would limp along for a couple of years.
    Are they making money?  Are they holding the customer base?  Any
    information would be appreciated.

T.R Title User Personal
Name Date Lines

19.1 Unofficial $$ Word KOKO::DAVIS Mon Feb 22 1988 07:50 16

T.R	Title	User	Personal Name	Date	Lines
19.1	Unofficial $$ Word	KOKO::DAVIS		`Mon Feb 22 1988 07:50`	16
	Based on the results of the 1987 Performance Sharing Account program it seems that Honeywell Bull experienced some growth but not a significant amount. (i.e., < 5%) Most growth was international (sounds familiar doesn't it). For those of you who left Honeywell prior to May, 1987, the Performance Sharing Account is a profit sharing program intended to replace the ERSOP program. The Performance Sharing Account is a post-tax savings plan whose yield is linked to Honeywell Bull's revenue growth. Honeywell Bull's 3rd Quarter earnings (unadjusted) were reportedly up over 7 or 8% however a 3 and 1/2% drop in the 4th Quarter (over last year) offset the gains.

    
    Based on the results of the 1987 Performance Sharing Account program
    it seems that Honeywell Bull experienced some growth but not a 
    significant amount.  (i.e., < 5%) Most growth was international
    (sounds familiar doesn't it).
    
    For those of you who left Honeywell prior to May, 1987, the Performance
    Sharing Account is a profit sharing program intended to replace
    the ERSOP program.  The Performance Sharing Account is a post-tax
    savings plan whose yield is linked to Honeywell Bull's revenue growth.
    
    Honeywell Bull's 3rd Quarter earnings (unadjusted) were reportedly
    up over 7 or 8% however a 3 and 1/2% drop in the 4th Quarter (over
    last year) offset the gains.