Abb Share Discussion Threads

[waldron] 05/2/2008 10:34

ABB wins 25 mln usd order for Vietnamese cement project
Date : 05/02/2008 @ 10:23
Source : TFN


ABB wins 25 mln usd order for Vietnamese cement project




ZURICH (Thomson Financial) - ABB Ltd said it has won a 25 mln usd order from
Vietnam Cement Industry Corporation for equipment to maximize productivity,
monitor energy use and minimize energy consumption at a new cement plant.
The scope of the order includes engineering, construction and commissioning
services, as well as overall project management supervision for the Binh Phuoc
cement factory, which will be built about 130 km north of Ho Chi Minh City.
The equipment ordered includes a 110-kilovolt distribution substation,
automation equipment, motors, drives and instrumentation, the Swedish-Swiss
engineering group said.


[e-mail]
jmt/jlc

[waldron] 28/1/2008 09:49

ABB sees no mega-deal ahead as market in turmoil, long-term outlook intact - CEO
Date : 28/01/2008 @ 08:16
Source : TFN


ABB sees no mega-deal ahead as market in turmoil, long-term outlook intact - CEO




ZURICH (Thomson Financial) - ABB Ltd does not expect large mergers in the
months ahead because of ongoing market turmoil, said chief executive Fred Kindle
in an interview with German paper Handelsblatt.
"Market conditions remain uncertain. I therefore see no mega-deals ahead in
the coming months...," Kindle said.
Kindel noted that prices for acquisition targets had dropped with less
competition from private equity due to the current credit crisis.
However, even if prices should drop further big deals are unlikely, Kindel
said.
ABB has been on the look-out for acquisition targets for some time, with a
war chest of 2-3 bln sfr at the end of the third quarter.
However, Kindel said that long-term trends remain intact despite recent
turbulence. "ABB is in better shape than ever," Kindle said.



[e-mail]
jmt/slm

[waldron] 28/1/2008 08:57

Swiss shares TFN market data at 10.00 am - SMI tracks Asian, Wall Street falls
Date : 28/01/2008 @ 08:34
Source : TFN


Swiss shares TFN market data at 10.00 am - SMI tracks Asian, Wall Street falls




ZURICH (Thomson Financial) - Major Indices:
Swiss Market Index down 112.2 points or 1.5 pct at 7,574.68
Swiss Performance Index down 79.21 points or 1.3 pct at 6,162.73

Major decliners:
Holcim, down 4.30 sfr or 4 pct at 103.30, after a Credit Suisse cut the
stock's rating to 'underperform' from 'neutral' and cut its price target to 90
sfr from 140 sfr
Swatch Group, down 8.50 sfr or 2.9 pct at 282.00
Clariant, down 0.28 sfr or 3.3 pct at 8.25
ABB, down 0.64 sfr or 2.4 pct at 26.44, after CEO Fred Kindle said he did
not expect significant transactions in the future because of continuing market
worries
[e-mail]
hmn/hmn/jms/jmt/jmt/jmt/slj/jmt/tc/jmt/hmn/sal/jmt/jfr/jmt/wj

[waldron] 27/1/2008 16:27

ABB (ABB) NewsBite - ABB Higher on Upgrade
Posted on Friday, January 25, 2008 12:41 PM
ABB Ltd. (ABB) opened at 25.20. So far today, the stock has hit a low of 24.71 and a high of 25.34. ABB is now trading at 24.71, up 0.16 (0.63%). The stock hit its 52 week high of 32.08 in November and set its 52 week low of 15.94 in March. ABB has been moving upwards for the past year. Shares of ABB have been trading higher today after a HSBC analyst upped the stock to "Overweight" from "Neutral," citing good earnings for Siemens (SI). Technical indicators for the stock are bearish and steady while S&P gives ABB a positive 4 STARS (out of 5) buy rating. If you're looking for a hedged play on this stock, consider a March bull-put credit spread below the $20 range. ABB stock could fall up to 19.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

[waldron] 24/1/2008 09:43

Swiss shares TFN at a glance outlook
Date : 24/01/2008 @ 07:41
Source : TFN


Swiss shares TFN at a glance outlook




ZURICH (Thomson Financial) - Share prices are expected to open sharply
higher in a rebound lifted by a dramatic turnaround at Wall Street overnight and
strong rallies at key markets across Asia.
In pre-bourse trading, the Swiss Market Index was 242.30 points higher at
7,598.02.
Yesterday, the Swiss Market Index closed 131.79 points or 1.9 pct lower at
7,356.13, while the Swiss Performance Index dropped 102.73 points to 5,971.89.

FORTHCOMING EVENTS
TODAY
-Davos World Economic Forum

TOMORROW
-Davos World Economic Forum

TODAY'S PRESS
-OC Oerlikon sees continued strong growth - CEO (Cash Daily)

COMPANY NEWS
-Zurich Financial to buy Turkish general insurer TEB Sigorta
-Nobel Biocare enters academic partnership with Berlin's Charite
-Georg Fischer issues profit warning, FY sales up 11 pct at 4.5 bln sfr
-Georg Fischer sees FY net slightly below last year, EBIT unchanged
-Georg Fischer FY sales 4.5 bln sfr, up 11 pct; new orders 4.6 bln sfr
-Hiestand FY sales rise 43.5 pct to record 740.7 mln sfr
-Swiss Re's ratings unaffected by agreements with Berkshire Hathaway - Fitch

MACROECONOMIC NEWS
-none

MARKET NEWS/SENTIMENT
-Adecco hiked to 'buy' from 'neutral' at Goldman Sachs
-ABB price target cut to 36 from 38 sfr at Credit Suisse
-Novartis price target cut to 75 from 82 sfr at UBS
-Lindt & Spruengli price target cut to 33,000 sfr from 36,500
-Richemont price target cut to 88 from 93 sfr at UBS
[e-mail]
hmn/hmn/hjp

[waldron] 22/1/2008 08:24

Investor AB Dec 31 NAV falls to 203 skr/share from 208 skr - UPDATE
Date : 22/01/2008 @ 08:19
Source : TFN


Investor AB Dec 31 NAV falls to 203 skr/share from 208 skr - UPDATE




(Updating with more investment details, CEO comments)
STOCKHOLM (Thomson Financial) - Investor AB said its net asset value per
share fell to 203 skr on Dec 31 from 208 skr at the end of 2006, and the
investment company is proposing a full year dividend of 4.75 skr per share, up
from 4.50 skr.
In 2007, Investor's total return per share - the share price change plus
reinvested dividends - was minus 10 pct compared with plus 24 pct for 2006.
Overall net asset value fell to 155.204 bln skr on Dec 31 from 159.320 bln
skr at the end of 2006.
The company posted a net loss for the full year of 367 mln skr compared with
a profit of 28.486 bln skr a year earlier, reflecting a fall in market value of
the company's investments.
The contribution to net profit of the group's core investments - largely
blue-chip shares - swung to minus 4.535 bln skr in 2007 from a positive 29.942
bln in 2006.
Within the core investments, ABB, Scania, Ericsson, and SEB had the greatest
impact on net profit, with contributions of, 10.619 bln skr, 4.929 bln skr,
minus 9.684 bln skr, and minus 6.636 bln skr, respectively.
In Core Investments in the fourth quarter, shares were purchased in Atlas
Copco for 84 mln skr, in Husqvarna for 255 mln skr, in Electrolux for 354 mln
skr, and in Ericsson for 150 mln skr. In total, net investments totaled 4.3 bln
skr during the year.
Private equity investments made a positive contribution to net profits of
5.953 bln skr in 2007, up from 664 mln skr in 2006.
Private Equity Investments' net asset value was 17.718 bln skr on Dec 31, up
from 15.181 bln at year-end 2006.
Investments within the business area during the year comprised 3.063 bln skr
in new investments (versus 3.626 bln) and 564 mln skr in add-on investments
(versus 864 mln skr).
Commenting on Investor's leverage policy, chief executive Boerje Ekholm
said: "We believe it is appropriate to have a leverage of 5-10 pct over a
business cycle based on return, risk and tax considerations. We could still
allow leverage up to 25 pct for a period of time, assuming we have a plan to
bring it back down."
Investor said it will ask the AGM for a renewed mandate to buy back shares.
"With the return potential we see in new investments within Operating
Investments and Private Equity, clearly in excess of 15 pct, our board and the
management team believe our shareholders will benefit more if we exploit these
investment opportunities at this point in time. However, a mandate to repurchase
shares gives the board the flexibility to adjust the capital structure if
needed," Ekholm said.
[e-mail]
hc/cw/hc/cw

[waldron] 21/1/2008 13:44

ABB's senior debt raised to 'A3' as margins rise, debt declines - Moody's
Date : 21/01/2008 @ 13:26
Source : TFN


ABB's senior debt raised to 'A3' as margins rise, debt declines - Moody's




MUMBAI (Thomson Financial) - Moody's Investors Service upgraded global
engineering group ABB's senior debt ratings to 'A3' from 'Baa1' and affirmed the
company's rating for short-term debt at 'Prime-2' with a stable outlook.
The action is based on the continuation of rising orders, strengthening
profitability and cash flow through 2007, and together with the reduction in net
debt to a net cash level, opens up headroom for strategic initiatives, Wolfgang
Draack, Moody's senior vice president and lead analyst for ABB said.
The stable outlook reflects Moody's view that ABB's expected performance
metrics for 2007 will come out strong for the 'A3' rating category, the ratings
agency added.

[e-mail]
npr/jro

[ariane] 16/1/2008 18:46

Alstom consortium confirmed winner of Argentina high speed rail contract




PARIS (Thomson Financial) - The Veloxia consortium led by Alstom was today
officially awarded the contract to supply a high-speed train link between the
cities of Buenos Aires and Cordoba, the French Finance Ministry said.
Argentina's official news agency Telam said yesterday that Alstom had won
the contract.
In a statement, the French Finance Ministry said Argentina's President
Cristina Fernandez de Kirchner signed the decree awarding the contract today,
and described it as worth "more than one bln eur".
The consortium headed by the French group was the sole bidder for the
contract.

[e-mail]
mrg/ejp

[ariane] 16/1/2008 10:00

Abb Disclosure of Shareholdings
Date : 16/01/2008 @ 07:01
Source : UK Regulatory (RNS and others)


Abb Disclosure of Shareholdings




RNS Number:8689L
ABB Ltd
16 January 2008



Disclosure of Shareholdings

Fidelity's holdings in ABB decreased to below 5 Percent

Zurich, January 16, 2008 - Pursuant to Art. 20 of SWX stock exchange act,
FMR LLC, 82 Devonshire Street, Boston, MA 02109, USA, announced that, as of
January 11, 2008 it, together with its direct and indirect subsidiaries, holds
for its funds and clients a total of 104'896'048 registered shares of ABB Ltd,
Zurich, thereby falling below the 5 percent threshold. The holding corresponds
to 4.79 percent of total voting rights as per entry in the commercial register.

Notification 16

For more information please contact:

Media Relations Investor Relations

ABB Corporate Communications, Zurich

Thomas Schmidt Schweiz Tel. [phone]

Tel. [phone] USA Tel. [phone]

[e-mail] [e-mail]


This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLIIFSRLLIRLIT

[ariane] 15/1/2008 13:50

January 15, 2008 8:16 AM EST
Citi downgrades ABB Ltd. (NYSE: ABB) from Hold to Sell. Price target lowered from $34 to $26.50.

Citi analyst says, "We think the most attractive stocks are IMI, Invensys, MAN, Sandvik and SKF, while the least attractive stocks are ABB (we downgrade to Sell), Alstom, Legrand, Metso and Tomkins. To reflect increased uncertainty and earnings volatility we have increased our risk ratings on most stocks to High Risk from Medium Risk."

ABB Ltd. is a Switzerland-based worldwide provider of power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. ABB's core businesses comprises two divisions.

[waldron] 05/1/2008 16:24

Alstom Set to Win EU875 Million Italy Train Order, Figaro Says

By Vidya Root

Jan. 5 (Bloomberg) -- Alstom SA is set to win in the coming days an order to sell 25 high-speed trains in Italy, with an option for 10 more, valued at as much as 875 million euros ($1.3 billion), Le Figaro reported, without citing anyone.

The trains will start traveling between Rome and Naples in 2009 and between Milan, Rome and Naples in 2010, the Paris-based newspaper said. Alstom is also likely to sign an order for high- speed trains between Buenos Aires and Cordoba in Argentina and is watching developments in Algeria's transport market, it said.

Alstom, the world's largest train maker, has built two- thirds of the world's high-speed trains, including the Eurostar that runs between Paris and London. It also created France's TGV train, which earlier this year set a world rail-speed record of 574.8 kilometers (357 miles) an hour.

To contact the reporter on this story: Vidya Root in Paris [e-mail] .

Last Updated: January 5, 2008 06:40 EST

[waldron] 05/1/2008 14:58

Investor calendar

2008
February 14 Fourth-quarter and full-year 2007 results
April 24 First-quarter 2008 results
May 8 Annual General Meeting Zurich/Switzerland
May 9 Annual general information meeting Västerås/Sweden
May 14 Ex-dividend date
July 24 Second-quarter 2008 results
October 23 Third-quarter 2008 results

[waldron] 05/1/2008 13:46

Getting Power To The People
January 04, 2008: 08:05 PM EST


Jan. 7, 2008 (Investor's Business Daily delivered by Newstex) --

The electrical equipment industry is surging.

Increasing demand for new electric power and the gear to distribute it are stimulating the industry, as is the need to upgrade aging infrastructure.

Industrialized countries are upgrading their electrical grids and transmission equipment while adding new power sources, such as wind and nuclear plants, to the grid.

Developing countries such as China and India are trying to build up their infrastructures to meet the demands of industry and their growing populations.

1. Business

IBD's electrical equipment industry group includes stocks from 35 companies. All but five are based in the U.S.

The group is a diverse set. It includes companies that make gear for transmitting and distributing electricity, companies involved in backup and standby power supplies, and those involved in making electricity distribution more efficient. Some companies in the group specialize in batteries or motors.

The largest company in the group is ABB (NYSE:ABB) ABB, a Swiss manufacturer of automation and power products and systems used in industrial and utility processes.

ABB said Dec. 18 that it won orders worth $440 million from the State Grid Corporation of China and other partners to provide new ultrahigh-voltage technology for the world's longest power transmission link.

The power superhighway, running 1,240 miles from western China to the highly industrialized coastal area in the east, will have a capacity of 6,400 megawatts. That is enough to meet the needs of about 31 million people in China. The link from the Xiangjiaba hydropower plant to Shanghai is scheduled for completion in 2011.

Much of what electrical equipment companies supply is standardized hardware, so they have to generate business by offering high quality service and reliability. Having a good reputation is critical, analysts say.

"It's a relationship business," said John Franzreb, an analyst with Sidoti & Co.

Name Of The Game: Because the electrical gear business is a commodity business, companies have to focus more on their relationships with customers and meeting their expectations.

2. Market

Customers in the electrical equipment group include utility companies, telecommunications and tech companies needing backup power, and industries that rely on batteries to power machines such as forklifts.

Top-performing stocks in the group lately have included American Superconductor (NASDAQ:AMSC) AMSC, Harbin Electric (NASDAQ:HRBN) HRBN and Raser Technologies RZ.

American Superconductor of Westborough, Mass., serves the utility, industrial and wind power markets with a host of energy technologies based on proprietary high temperature superconductor wires and power electronic systems.

China-based Harbin makes motors and controller systems for applications ranging from oil pumps to automobiles.

And Raser, based in Provo, Utah, develops high-performance electric motor and controller technology for clean, renewable power. It's involved in geothermal energy and hybrid and electric vehicles.

3. Climate

Shortcomings of power networks in developed countries have led to calls for improved infrastructure to prevent power outages and to meet growing demands for electricity.

Some industries are looking for better backup and standby power systems to keep running in the event of a power outage.

Telecommunications companies are big customers for reserve backup power systems, which often use lead-acid batteries. EnerSys (NYSE:ENS) ENS and C&D Technologies (NYSE:CHP) CHP are major suppliers of systems using lead-acid batteries. (See related story, this page.)

The Federal Communications Commission Oct. 2 mandated that the amount of backup power in cellular communications towers be doubled to eight hours within two years.

Demand for new sources of power has led to the need for more gear to connect those plants to the electrical grid. These new power plants are often green or environmentally friendly facilities that tap wind and geothermal power sources.

Wind power is a common theme of a lot of new business. In September, ABB won an order worth more than $400 million from a German utility firm to supply the power equipment that will connect the world's largest offshore wind farm to the German grid.

The increased demand for electricity is necessitating the upgrading and buildout of power transmission grids in industrialized countries, says Stuart Bush, an analyst with RBC (NYSE:RY) Capital Markets. Developing countries are installing new electricity grids, he says.

The focus has shifted to electrical efficiency while new systems are being put in place, he says.

A number of companies have products to save power at the point 15f use or have technologies for making the electrical grid more efficient.

4. Technology

The electrical equipment industry sells mostly tried and true, standardized hardware. But some new technologies and approaches have come to the fore.

American Superconductor makes wires that can transmit much more power than traditional copper wires. The mass rollout of superconducting wire is still a couple of years away, but holds tremendous promise for the company and industry, says Walter Nasdeo, an analyst with Ardour Capital.

Comverge COMV of East Hanover, N.J., has taken a new approach to the electricity market with products that can significantly reduce peak electricity costs and increase grid reliability.

Its "smart megawatts" technology is widespread. It's used by over 500 U.S. utility clients. The company has installed 4.5 million devices.

Describing itself as a leading "clean energy" company, Comverge has grown through acquisitions since its IPO in April.

Comverge bought Enerwise Global Technologies in July to create the largest demand response company in the industry. And in October, Comverge picked up Public Energy Solutions.

5. Outlook

The electrical equipment industry is in the early to mid-stage of the current utility market buying cycle, analysts say.

"We're looking at a five- to seven-year cycle at this point 14d we're probably in year two or three," Franzreb says. Historically, cycles have lasted three years, but companies still have major backlogs, he says.

"You're reading about new jobs going on all over the place," Franzreb said. Those jobs are for new capacity as well as replacements and upgrades of electrical gear.

Just look at ABB: in the last three months, it has announced major power system deals in Germany, India, Namibia, Angola and China.

The outlook is bullish for the industry because it takes a long time for companies to ramp up electricity supplies, Bush says.

"Fundamentally, it boils down to the fact that people continue to use more electricity," Bush said. "That's both developing countries and industrial countries."

Think about your own home, he says. Each person is using more electricity today than ever with more PCs, big-screen TVs and consumer electronics, he says.

Upside: Electricity demand is forecast to rise, necessitating more electrical equipment to transmit, distribute and store electricity.

Developed countries are replacing their old electrical grid infrastructure with high-capacity, more reliable equipment, as well as better backup systems. Developing countries are playing catch-up, putting in new infrastructure for booming industrial and residential areas.

Risks: Competition is intense in the electrical equipment business since much of the gear is standardized.



Newstex ID: IBD-0001-22049086

Originally published in the January 7, 2008 version of Investor's Business Daily.

[waldron] 26/12/2007 17:48

Cheers She


Happy Holidays

enjoy

[sheeneqa] 26/12/2007 15:02

2007-12-19 - ABB has rejuvenated a 30-year old power cable link between Norway and Denmark by replacing the outdated control system, ensuring this connection will deliver reliable power for decades to come. The work was completed in record time.

By ABB Communications
After starting service life in 1976 and 1977, the power cables at the bottom of Skagerrak Strait remain in top condition today, good for an estimated two decades of additional service. But the control system was a concern for ABB's customers, Energinet.dk of Denmark and Statnett of Norway.

"The control system had passed its estimated lifespan and there was a risk that the number of faults would increase," said Halvard Thommessen, the project leader at Statnett.

ABB has won six orders to upgrade aging high-voltage direct current (HVDC) links, and the Norway-Denmark contract is the fourth to be completed. HVDC was developed by ABB more than 50 years ago, and allows large amounts of power to be transported over long distances while also providing more stability to electricity networks.

[grupo guitarlumber] 18/12/2007 09:00

ABB wins 440 mln usd order in China for worlds longest power link
Date : 18/12/2007 @ 06:38
Source : TFN


ABB wins 440 mln usd order in China for worlds longest power link




ZURICH (Thomson Financial) - ABB Ltd said it has won orders worth 440 mln
usd from the State Grid Corp of China and other partners to provide new
ultrahigh-voltage technology for the world's longest power transmission link.
The link from the Xiangjiaba hydropower plant to Shanghai will be some
2,000 kilometers long and have a capacity of 6,400 megawatts, the Swedish Swiss
engineering group said.
The project is scheduled for completion in 2011.

[e-mail]
jmt/hjp/jmt/hjp

[ariane] 10/12/2007 11:09

ABB wins 86 mln usd oil, gas order in Italy
Date : 10/12/2007 @ 10:52
Source : TFN


ABB wins 86 mln usd oil, gas order in Italy




ZURICH (Thomson Financial) - ABB Ltd said it has won an order worth over 86
mln usd from Eni SpA to design and construct a new oil processing plant in an
onshore oil field in Italy.
The plant is scheduled for completion in 2010 and will process almost 7,000
barrels of crude oil and 6.7 mln cubic feet of gas per day, said the
Swedish-Swiss engineering group.
The plant is also part of the larger onshore oil field development project,
which includes a sulphur treatment plant, wellhead facilities and a power
generation plant, added ABB.
[e-mail]
hmn/ms1

[waldron] 07/12/2007 06:57

Cramer's 'Mad Money' Recap: Power Up With Shaw


By TheStreet.com Staff
12/6/2007 7:41 PM EST


Infrastructure is in a long-term bull market and its sweet spot is nuclear power, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

Infrastructure is one of the five long-term bull markets Cramer talks about in his new book, Stay Mad for Life. Earlier in the week, he mentioned aerospace and defense, oil and mining.

Cramer said infrastructure stocks are attractive because of the growing demand for oil refineries, complex fuels, roads, tunnels, bridges and power plants. In particular, he singled out the strong global demand for nuclear power, especially in China and India.



He said the single best stock for nuclear right now is Shaw Group (SGR - Cramer's Take - Stockpickr - Rating).

The company reported a "beautiful" quarter today, with revenue up 40%, and has an enormous backlog with many projects in the pipeline, he said. The backlog, up 57% year over year, is almost triple the size of the company, which has a market cap of $5.1 billion, and shows just how great Shaw Group's future is looking.

Shaw Group is a pure play on power and is even better than ABB (ABB - Cramer's Take - Stockpickr - Rating), Cramer said. Plus, the company has a great clean-air business.

"Given its diminutive size, I would be shocked if it was independent a year from now," he said. "But anyhow we like this one for the long haul."

[waldron] 06/12/2007 09:30

2008

February 14 Fourth-quarter and full-year 2007 results
April 24 First-quarter 2008 results
May 8 Annual General Meeting Zurich/Switzerland
May 9 Annual general information meeting Västerås/Sweden
May 14 Ex-dividend date
July 24 Second-quarter 2008 results
October 23 Third-quarter 2008 results

[waldron] 03/12/2007 09:06

ABB to invest 100 mln usd over next 3 yrs on expansion in India
Date : 03/12/2007 @ 08:58
Source : TFN


ABB to invest 100 mln usd over next 3 yrs on expansion in India




ZURICH (Thomson Financial) - ABB Ltd said it plans to rapidly develop its
Indian operations by investing 100 mln usd over three years to expand the
business, engineering and R&D capacities.
The Swedish-Swiss engineering group said it plans to build new factories and
broaden its automation and power product range on the subcontinent.
The company is also planning to create some 4,000 new jobs, which will bring
the total number of employees in India to 10,000 by 2010.

[e-mail]
at/at/ejb

[waldron] 02/12/2007 19:12

Rockwell Automation to remain independent, no approaches from ABB - CEO
Date : 02/12/2007 @ 19:06
Source : TFN


Rockwell Automation to remain independent, no approaches from ABB - CEO




ZURICH (Thomson Financial) - Rockwell Automation Inc chief executive Keith
Nosbusch said the group plans to remain independent after the surprise
resignation of chief financial officer James Gelly earlier this year sparked
rumours of a potential sale.
"Our strategy has not changed: An independent Rockwell focusing on
automation offers the greatest shareholder value," Nosbusch said in an interview
with Swiss biweekly Finanz und Wirtschaft.
Nosbusch also denied rumours that Swedish-Swiss engineering group ABB Ltd
plans to buy the group.
"It is just a rumour, ABB has never made an official approach," Nosbusch
said.
Nosbusch was confident about ongoing operations saying he did not expect a
recession in the US.
"In the production industry, investments might decline but the conditions
for growth remain." The group expects to gain market share and grow ahead of the
market, he said.
Nosbusch also said Rockwell was unlikely to be hit by the weak US dollar,
given the group's strong international diversification.

[e-mail]
jmt/jlw

[grupo guitarlumber] 30/11/2007 12:12

ABB Wins $35 Million Mill Drive Order From Chilean Copper Mine

By Paul Verschuur

Nov. 30 (Bloomberg) -- ABB Ltd., the world's largest builder of power networks, won an order worth $35 million from Antofagasta Minerals SA for gearless mill drive systems at a new mine in northern Chile.

ABB's drives will power ore-crushing mills at the Esperanza copper, gold and silver mine that's scheduled to open in 2010, the Zurich-based company said today in an e-mailed statement.

To contact the reporter on this story: Paul Verschuur in Zurich at [e-mail]

Last Updated: November 30, 2007 05:20 EST

[grupo guitarlumber] 29/11/2007 06:44

ABB reinitiated with "outperform"

Wednesday, November 28, 2007 2:00:26 PM ET
Bear Stearns

LONDON, November 28 (newratings.com) - Analyst Timm Schulze-Melander of Bear Stearns reinitiates coverage of ABB Ltd (ABJ.ETR) with an "outperform" rating. The target price is set to CHF38.

In a research note published this morning, the analyst mentions that the company's restructuring has resulted in a more focused portfolio and improved profitability. A substantial order backlog would enable ABB to deliver robust earnings growth with high visibility, the analyst adds. Concerns over the negative impact of a potential economic slowdown on the company's earnings profile appear to be overdone, according to Bear Stearns.

[grupo guitarlumber] 27/11/2007 17:37

cheers for your prompt response