italian research change in view milan december 3 1999 intermobiliare securities sim sp a corso vittorio emanuele 9 20122 milano 39 02 77115 1 i 300 fiat outperform sector autos & parts reuters page fia mi auto is starting the engines n stock bottomed due to disappointing 3q99 results we expect there be some good newsflow from new punto registrations 4q99 and 2000 positive possible corporate action what s more excellence strategy that group pursuing should start benefit profitability clear when fresco was seated as company chairman sped up implementation of so called excellency borrowed ge which states order enjoy long term competitive edge you have leader acquisitions case pico fraikin jv with irisbus divestment non strategic participations snia impregilo banco central hispano etc were all steps this direction bottom cycle fundamentals on road improvement an division operating loss 36 market share 40 devaluation real
