Replies to post #404 on Rockwell Automation (ROK)

[Investorman]

The last few days have been good. I expect things to be volitile for a while yet though.

[Investorman]

Form 8-K for ROCKWELL AUTOMATION INC


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9-Sep-2008

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financials



Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On September 3, 2008, Registrant's Board of Directors approved amendments to Registrant's By-Laws, effective as of that date. These amendments primarily provide (i) for enhanced disclosure requirements in connection with shareowner proposals and nominations of directors and (ii) that rights to indemnification and advancement of expenses in connection with events that have taken place cannot be adversely impacted by subsequent amendments to Registrant's By-Laws. The above description of the amendments is not complete and is qualified in its entirety by reference to Registrant's By-Laws, as amended, a copy of which is filed herewith as Exhibit 3.2 and is incorporated herein by reference.

[Investorman]

MILWAUKEE (AP) -- Industrial parts maker Rockwell Automation Inc. said Tuesday its fiscal third-quarter earnings dropped 7 percent as expenses grew and economic conditions weakened in Europe and the United States.

[Investorman]

Jack Welch says U.S. faces "deep downturn"
Wednesday September 24, 1:59 pm ET

NEW YORK (Reuters) - Former General Electric Co (NYSE:GE - News) Chairman and CEO Jack Welch said the U.S. economy faces a deep downturn in coming quarters, and he supports a proposed $700 billion government rescue package for the financial sector.

"I now believe we are in for one hell of a deep downturn," Welch told the World Business Forum in New York on Wednesday, adding that the first quarter of 2009 would likely be "brutal."

Until recently, Welch said, he had believed the U.S. economy could avoid recession, but he has now changed his mind.

"I am now caving," he said. "Get ready for real tough times. They're coming. There is no credit available."

Welch said mortgage lenders, legislators, investment bankers and others are all to blame for the crisis, which stemmed from easy credit and investors' appetite for yield.