SAFEWAY CEO EXPECTS STOCK PRICE UPTURN

PLEASANTON, Calif. -- Safeway here said it expects its financial achievements to be reflected in its stock price over the long term.Writing in the company's annual report, Steve Burd, chairman, president and chief executive officer, said, "The supermarket industry, typically a 'stable' sector, seemed to be out of favor in 1999 as investors found other sectors more attractive."Fortunately, history

PLEASANTON, Calif. -- Safeway here said it expects its financial achievements to be reflected in its stock price over the long term.

Writing in the company's annual report, Steve Burd, chairman, president and chief executive officer, said, "The supermarket industry, typically a 'stable' sector, seemed to be out of favor in 1999 as investors found other sectors more attractive.

"Fortunately, history has shown that, over time, the financial markets tend to reward companies with

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