BUSINESSWEEK ONLINE : NOVEMBER 15, 1999 ISSUE
NEWS: ANALYSIS & COMMENTARY

What Will UPS Deliver?


Shares in UPS are expected to be offered at $36 to $42 per share. At the 
low-end, the company looks to be a good value compared with FedEx. At the high 
end, it might be too expensive.

       CURRENT        1998          1998
       MARKET CAP     REVENUES      NET INCOME
      (BILLIONS)     (BILLIONS)     (MILLIONS)

UPS    $39.4-45.9     $24.8         1,740
FDX    12.4           15.9          503


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RELATED ITEMS
UPS: Will This IPO Deliver?

TABLE: What Will UPS Deliver?



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