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ABB revs up 87%
First quarter results 2008
http://www.abb.com/cawp/seitp202/bb97d62eeedbde75c125741c00450241.aspx
alright then, we agree.
it was alerted and since i hadnt looked at it before i wanted someone elses take. ty man
I hear they are in acquisition mode.As soon as bolies tighten a little more and it breaks 26 ABB should have a pattern instead of a small channel.
ur thoughts right now recog?
just popped up on a search i do.....
ABB CEO Fred Kindle leaves company
ABB pre-announces record 2007 results, doubling of dividend and share buyback
Zurich, Switzerland, Feb. 13, 2008 – ABB Chief Executive Officer Fred Kindle is leaving the company due to irreconcilable differences about how to lead the company. The Board of Directors named Chief Financial Officer Michel Demaré as interim CEO.
Fred Kindle joined the company in September 2004 and took over as President and CEO in January 2005. He oversaw a period of strong organic growth and a return to profitability at ABB.
The Board fully supports the strategic targets announced in September 2007 and is confident in the Executive Committee’s ability to drive the strategy forward. The Board will immediately begin the search for a successor.
“The Board is very thankful to Fred Kindle for driving the company to the extraordinary level of performance it achieved over the last three years,” Chairman Hubertus von Grünberg said. “He successfully streamlined and strengthened the company’s operations around the world. Under his leadership, ABB today is a leading company in respect of growth, profitability and business ethics.”
Von Grünberg and Demaré will today host a telephone conference for the media, financial analysts and investors starting at 10 a.m. CET. The dial-in numbers are +41 91 610 5600 (Europe and rest of the world), +44 20 7107 0611 (U.K.), and +46 8 5069 2105 (Sweden). Participants should call in 10-15 minutes before the briefing starts.
In addition, ABB pre-announced full-year and fourth-quarter 2007 results.
Fourth-quarter orders received were $8.9 billion (full-year 2007: $34.3 billion). Fourth-quarter revenues amounted to $8.7 billion (full-year 2007: $29.2 billion). Earnings before interest and taxes (EBIT) in the quarter reached $1.1 billion (full-year 2007: $4 billion) and the EBIT margin increased to 13.1 percent from 11.1 percent a year earlier (full-year 2007: 13.8 percent).
Net income in the fourth quarter amounted to $1.8 billion. Included in net income is a gain on the sale of ABB Lummus Global of $530 million and a positive impact of $475 million from the recognition of deferred tax assets. Full-year 2007 net income amounted to $3.8 billion compared with $1.4 billion in 2006.
The ABB Board of Directors will propose a dividend of 0.48 Swiss francs per share to the annual general meeting on May 8, 2008. The dividend will be in the form of a nominal value reduction.
In addition, the company has decided to start a share buyback program up to a maximum value of 2.2 billion francs, equivalent at current exchange rates to approximately $2 billion. The share buyback is designed to allow shareholders to benefit from ABB’s improved profitability and strong cash generation, while maintaining sufficient financial flexibility for the company’s growth ambitions.
ABB will report its complete 2007 results and hold media and analyst briefings tomorrow, Thursday, Feb. 14, as scheduled.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 110,000 people.
25 is the magic number
hopefully this support will hold here in the mid $25 range. i wish i hadnt sold my puts lol. bought a few more calls though. June $25 calls are pretty decent at the moment IMO.
nice little drop here. loading up on Mar $30 calls, best deal on the calls imo. last price is about 27.25
Probably right as I just seen the indicators.
looking for a drop to about 27.50 to 27.80 and then break out up over the developing wedge. i would place my target at 30++ i am thinking probably a new 52 wk high by the end of January. jmo. looking at $30 calls, from Mar to the end of 08.
Theres your drop,the pop made it to 30.20.
OK Sideways with a pop and drop then onward and upward to 31
Great call,easy though,lets see your next call.
ABB Candle buy,mac and rsi buy,look for 31.00
ABB will drop monday because gap on the 29th,buy at dip.
ABB is riding to high,could test 26
Seeking Alpha
ABB Ltd: A Stock For 2008 and Beyond
Friday September 7, 1:12 am ET
Beris submits: ABB Ltd (ABB) is definitely a stock to own in 2008 and beyond. You could almost say that this is the safest play on the market!
ADVERTISEMENT
On Wednesday, ABB presented to the public its revised operational and financial targets that were (yet again!) strongly above its previous goals. The company has also announced plans to potentially acquire a big company to further catapult its growth and profitability to a whole new level.
The company is now looking at the sales growth between 8% and 11% through 2011, with aggressive goals to move its operating profit margins between 11% and 16% during that same period. Now, as it keeps delivering strong forecasts and continues to surprise, ABB has previously expected a growth and margin to be in the range between 5% and 10%, but due to the enormous global infrastructure boom, ABB plans to double those targets again!
After initial investors' reactions, where some took profits as they already anticipated new strong targets, it is time to recoup, take a deep breath and start accumulating this future giant as it conquers the world.
ABB's goal is to grow the company's EPS to between 15% and 20%, as well as bring its after-tax return to above 30% by 2011, and establish a free cash flow. Mark Diethelm, an analyst at Zuercher Kantonalbank, comments
These are really strong targets and it shows how much ABB has improved over the past few years. The targets also show that ABB wants to keep a clean balance sheet.
ABB's growth has been largely helped by demand for infrastructure update in old economies, such as the US, Canada, Australia and Europe, but also new energy infrastructure sites demands coming from emerging markets such as China, India and the Middle East. To help its growth, ABB will look to acquire a major company in the automation sector, and it is anticipated that for that it could raise $10 billion! But, it appears that S&P and Fitch are not concerned with crediting this giant, as their rating remained unchanged, citing that ABB's credit rating would not be affected by one such acquisition spree.
ABB had repeatedly beat its targets during the past few quarters, and I believe that they will continue to do so as projects around the world will continue to bring robust sales and profits for this growth company at the value prices. Reiterating ACCUMULATE, with BUY above $25.40 (as of today).
ABB wins power order worth more than $400 million for world’s largest offshore wind farm
Innovative technology will connect wind-generated electric power to grid
Zurich, Switzerland, Sept. 18, 2007 – ABB, the leading power and automation technology group, has won an order worth more than $400 million from the German utility E.ON Netz GmbH to supply the power equipment that will connect the world’s largest offshore wind farm to the German grid.
ABB will connect the 400-megawatt (MW) Borkum-2 park using its innovative and environmentally friendly HVDC Light (high-voltage direct current) transmission technology, which gives utilities complete control over the power supply and increases grid stability. Located more than 100 kilometers off the German coast in the North Sea, it will be the most remote wind farm in the world.
“Linking renewable sources of power to the grid can be challenging due to environmental conditions and the distance involved,” said Peter Leupp, head of ABB’s Power Systems division. “This project highlights how renewable power sources can be integrated to help combat climate change.”
Scheduled to be operational in September 2009, the wind farm is expected to avoid CO2 emissions of 1.5 million tons per year by replacing fossil-fuel generation. Germany currently uses wind for about 7 percent of its electricity requirements and expects to double the share of wind energy by 2020.
ABB is responsible for system engineering including design, supply and installation of the offshore converter, sea and land cable systems and the onshore converter. Most of the transmission system provided by ABB will be laid underwater and underground, thus minimizing environmental impact.
HVDC Light offers numerous other environmental benefits, such as neutral electromagnetic fields, oil-free cables and compact converter stations, and is ideal for connecting remote wind farms to mainland networks without distance limitations or constraints on the grid.
ABB is the world’s largest supplier of electrical products and services to wind turbine manufacturers. The Group's wind power business grew on average by more than 50 percent a year over the last three years and in 2006 generated revenues of more than $500 million.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 111,000 people.
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