Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (256952)	8/21/2003 7:40:55 AM
From: orkrious	of 436258

doug kass on GE's short cycle orders: Morning Data Points 08/21/03 07:27 AM EDT Update HPQ GE Hewlett and GE disappoint. Rate of decline in orders dropped in all product groups and in all geographies. The markets put on a good show yesterday considering three negative data points. First, Hewlett Packard (HPQ:NYSE) missed badly. Second, a price war continues in PC land. Third, and most importantly, General Electric's (GE:NYSE) short cycle orders were disappointing. On the last score, GE's short cycle orders were down 0-5%. But adjusting for acquisitions and foreign exchange (apples to apples), orders dropped closer to 10%. Importantly, the rate of decline in orders dropped in all product groups and in all geographies. That's a trend! Notably, U.S. orders were down 0-5% (up 5%-10% in June), Asia was down 5%-10% (vs. up 10%-15%) and Europe was up 15%-20% (vs. +20%). Appliances, lighting, plastics and industrials experienced deteriorating trends. As I mentioned on Wednesday, I remain concerned that the bulls are expending a lot of buying power at these levels. Meanwhile, the capture of "Chemical Ali" is serving to buoy futures this morning. And so is better action in Europe. thestreet.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next