Friday, February 22, 2008

Slowdown? "Not Yet" Says Siemens

Siemens AG, Europe's biggest engineering company, probably will meet its 2008 sales and profit goals, and sees no sign that a global economic slowdown is affecting business, Chief Executive Officer Peter Loescher says.

That despite the statement that "it's clear that we're entering a phase of slowdown in the world,'' Loescher says. ``The impact for us as a company, we don't see it yet.''

No comments:

Water is a Short Blanket" or "Zero Sum" Problem in the U.S. West

Water issues in the intermountain U.S. west or many other places are a “short blanket” problem, a zero-sum economic issue where there is not...