some good news20 Oct 2009 17:40
things are definitely looking brighter in this industry. one of TSW's major customers, the world famous heavy vehicles manufacturer Caterpillar has called the bottom :-
http://www.bloomberg.com/apps/news?pid=20601087&sid=aO3ZKeYJG0g4
some highlights :-
Caterpillar Inc., the world’s largest maker of bulldozers and excavators, posted third-quarter earnings that beat analysts’ estimates and issued a full-year forecast that exceeded the highest prediction.
“We believe the third quarter marked the low point for Caterpillar sales and revenues in what has been the toughest recession since the 1930s,” Owens said in the statement. “We are seeing encouraging signs that indicate a recovery may be under way."
“We’ve already started planning for an upturn,” Owens said in the statement. “When it comes, it can come quickly, and we, our dealers and our suppliers will be prepared.”
In a preliminary forecast, Caterpillar today predicted 2010 sales would increase 10 percent to 25 percent from the midpoint of the 2009 forecast range, partly driven by the end of dealer inventory reductions.