USW Blasts J.P. Morgan Analyst Patel's Misinformation about Goodyear Strike

Union condemns analyst's "shoddy research"

For Immediate Release                                      November 29, 2006

(Pittsburgh, PA) -- The United Steelworkers (USW) today sharply criticized the latest analysis of the USW-Goodyear strike by Himanshu Patel of J.P. Morgan Securities Inc. as a "deliberate attempt to hype the company's stock through promoting Goodyear's campaign to break the union by creating unfounded fears amongst the membership, families and communities."

Yesterday Patel wrote that "a key date for the strike could be January 3, when health care coverage for striking workers is cut off, which could spur increased pressure from union members to reach an agreement."

"Another projection that's dead wrong by a guy who just doesn't do his homework," said USW International vice president Tom Conway. "We want Goodyear to stop stone-walling and return to meaningful negotiations. But the facts are that the real cut-off date is in mid-April. COBRA legi