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Generally increasing sales revenue since 1991Dealer contracts that my be inhibiting Internet salesSales declines in Europe Asia Latin AmericaNew international markets China India RussiaNew international markets Internet salesSize still matters and Goodyear has size Its 1999 sales were 12881000000 representing a one-year sales growth of 2 Its net income was 241000000 a lot of money but a decrease of 647 from one year earlier Despite that drop in net income Goodyear paid a 30 dividend Its net income also beat Wall Streets expectations It has become the world leader in tire sales as a result of its alliance with Japans Sumitomo Rubber Industries Goodyear ranks No 130 in Fortune Magazines 500 list of large companiesIts product diversity includes the manufacture and sale of tires industrial and consumer products from rubber including belts hoses and tank tracks and a wide range of synthetic rubber resins and organic chemicals Goodyear supplies tires to European and North American auto manufacturers and construction and agricultural equipment manufacturers Good year operates more than 900 retail tire outlets that also provide auto repair servicesIf you want to buy American this is the company Despite its world-wide presence Goodyear is an American company Like many American manufacturers though it has extended its reach to include international markets in order to stay ahead of its competition It has more than 90 facilities in 30 countries and world-wide marketing operations Two attributes that any company desires are brand recognition and brand loyalty Goodyear enjoys both Its blimps are one of the worlds most recognized advertising symbols For 1999 it ranked No 1 in six of eight categories to lead its industry in Fortunes Most Admired List Leadership categories included quality innovativeness employee talent social responsibility financial soundness and long-term investment Of these quality is probably the most important in creating and keeping brand loyaltyIts PE ratio is 1595 a very conservative number when compared to Internet stocks which frequently have PE ratios of 50
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