Markets down, earning up. That's okay.

The performance of the controls industry in 2Q02 presents a muddled picture. The market price of the Control Engineering Index declined (10%) about as much as the Dow Jones Industrial Average (11%), but not quite as much as the Standard & Poor's 500 (13%). (For an expanded version of this Market Update and graphs associated with it, click here.)

09/01/2002


(For an expanded version of this Market Update and graphs associated with it, click here .)

The performance of the controls industry in 2Q02 presents a muddled picture. The market price of the Control Engineering Index declined (10%) about as much as the Dow Jones Industrial Average (11%), but not quite as much as the Standard & Poor's 500 (13%). As would be expected by the poor showings of the dot coms and the tech sectors, the NASDAQ plummeted by 21%.

The market meltdown in July-right after 2Q02's results occurred-and the subsequent gyrations in August don't bode well for what these index may look like at the end of 3Q02. It can only be hoped that the investing world does what the experts, analysts, economists and just about everybody is saying to do: hold, hold, hold for the long run. It is not that the economy is doing badly. The buyers are still doing their job not only in general, but also in the controls industry as the earnings attest.

It looks like a wild ride for the rest of the year and holding on will provide thrills-and no doubt chills-not experienced for a long time.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
click me