J
Automation Listers :
I have predicted for at least a couple of years that Honeywell IAC would be sold - especially after Honeywell merged with Allied Signal in '99, and the new Honeywell was simply "milking" the old TDC installed base.
Just last week, starting Sunday, 15 October 00, events precipitated the sale of all of Honeywell, through a merger with United Technologies, which was immediately pre-empted by General Electric (over the weekend, on 21 October 00) for the obvious synergies. Inevitably, Industrial Controls (IAC) will now be divested - probably to Siemens. The employees at IAC are the real losers - they have been short-changed for the better part of a decade and now they will simply get jerked around again.
As part of the sequence of our earlier threads : "Automation in Decline" followed by "Companies in Trouble", I feel that the "whole" story, and the unbiased perspective, should be told. This is in my JimPinto.com eNews dated 21 October 00, which is already on the web at :
http://www.jimpinto.com/enews/oct21-2000.html
You can read Pinto's prognostications on the web at :
http://www.jimpinto.com/commentary/honeywellsale.html
I would indeed be interested in comments and feedback, from Honeywellers, and others.
Cheers:
jim
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Jim Pinto
email: [email protected]
Web: www.jimpinto.com
San Diego, CA. USA
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I have predicted for at least a couple of years that Honeywell IAC would be sold - especially after Honeywell merged with Allied Signal in '99, and the new Honeywell was simply "milking" the old TDC installed base.
Just last week, starting Sunday, 15 October 00, events precipitated the sale of all of Honeywell, through a merger with United Technologies, which was immediately pre-empted by General Electric (over the weekend, on 21 October 00) for the obvious synergies. Inevitably, Industrial Controls (IAC) will now be divested - probably to Siemens. The employees at IAC are the real losers - they have been short-changed for the better part of a decade and now they will simply get jerked around again.
As part of the sequence of our earlier threads : "Automation in Decline" followed by "Companies in Trouble", I feel that the "whole" story, and the unbiased perspective, should be told. This is in my JimPinto.com eNews dated 21 October 00, which is already on the web at :
http://www.jimpinto.com/enews/oct21-2000.html
You can read Pinto's prognostications on the web at :
http://www.jimpinto.com/commentary/honeywellsale.html
I would indeed be interested in comments and feedback, from Honeywellers, and others.
Cheers:
jim
----------/
Jim Pinto
email: [email protected]
Web: www.jimpinto.com
San Diego, CA. USA
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