J
Automation Listers :
A lotttt of dust was stirred up by my recent article "Automation in Decline". It's still on the web at :
http://www.jimpinto.com/writings/iadecline.html
We have had a significant amount to discussion on the Automation List, with the questions: Is automation really declining? Why? Aren't there pockets of growth? Is the decline worldwide? Why is the market stagnant? Is the decline temporary?
It is evident today (Oct. 2000) that several of the major industrial automation companies are in trouble. During the past couple of weeks, Invensys stock, already depressed, dropped by about 40% to a level where its market cap was
below the price of BTR alone when the Siebe/BTR merger occurred two years ago - conjectures are rife about an Invensys buyout. Rockwell stock has dipped to its lowest ever, because Allen-Bradley is stagnant. Honeywell continues to struggle, and it is my opinion that the Industrial
Automation Division will inevitably be sold off. What is happening here?
My new article : "Companies in Trouble" has been published in Controls Intelligence & Plant Systems Report, October 2000. When he first saw it, Jack Grenard, Publisher Emeritus, wrote : "I thought to myself : ' It's Jim Pinto again, simply stirring the pot!' But, then I realized that it was not just another critical commentary. It traces the decline of some past industry leaders and points out the patterns that are developing. Thank you for providing this valuable insight!"
My article was written after our Automation List
discussions. I felt that more people (and especially us Engineers) needed to understand the present decline. This article describes the specific situations at Rockwell, Invensys and Honeywell. And it brings up the specter of the
late-stage sale of troubled ICS(UK) (Max Controls,
Transmitton, Triplex) at a rock-bottom price to a vulture. Finally, it offers predictions, warnings and advice.
You can review it on the web at :
http://www.jimpinto.com/writings/trouble.html
Cheers:
jim
----------/
Jim Pinto
email : [email protected]
web: www.JimPinto.com
San Diego, CA., USA
----------/
A lotttt of dust was stirred up by my recent article "Automation in Decline". It's still on the web at :
http://www.jimpinto.com/writings/iadecline.html
We have had a significant amount to discussion on the Automation List, with the questions: Is automation really declining? Why? Aren't there pockets of growth? Is the decline worldwide? Why is the market stagnant? Is the decline temporary?
It is evident today (Oct. 2000) that several of the major industrial automation companies are in trouble. During the past couple of weeks, Invensys stock, already depressed, dropped by about 40% to a level where its market cap was
below the price of BTR alone when the Siebe/BTR merger occurred two years ago - conjectures are rife about an Invensys buyout. Rockwell stock has dipped to its lowest ever, because Allen-Bradley is stagnant. Honeywell continues to struggle, and it is my opinion that the Industrial
Automation Division will inevitably be sold off. What is happening here?
My new article : "Companies in Trouble" has been published in Controls Intelligence & Plant Systems Report, October 2000. When he first saw it, Jack Grenard, Publisher Emeritus, wrote : "I thought to myself : ' It's Jim Pinto again, simply stirring the pot!' But, then I realized that it was not just another critical commentary. It traces the decline of some past industry leaders and points out the patterns that are developing. Thank you for providing this valuable insight!"
My article was written after our Automation List
discussions. I felt that more people (and especially us Engineers) needed to understand the present decline. This article describes the specific situations at Rockwell, Invensys and Honeywell. And it brings up the specter of the
late-stage sale of troubled ICS(UK) (Max Controls,
Transmitton, Triplex) at a rock-bottom price to a vulture. Finally, it offers predictions, warnings and advice.
You can review it on the web at :
http://www.jimpinto.com/writings/trouble.html
Cheers:
jim
----------/
Jim Pinto
email : [email protected]
web: www.JimPinto.com
San Diego, CA., USA
----------/