MCAA prepares for millennium

More than 70 leaders representing producer companies met here May 17-19 for the Measurement, Control, and Automation Association’s (MCAA) annual meeting. Seminar topics included 21st century leadership challenges, industry commoditization, accountability, nurture marketing, and creative marketing communications.

Donna Takeda, vp, Merrill Lynch & Co., and Ed Curry, executive vp, Moore Process Automation Solutions, presented 1998 financial results for MCAA member companies and delivered a stock analysis of the measurement, control, and automation market. When compared to industries served by its membership, MCAA companies earnings per share (EPS) for the past five years were $5.5 compared to $19 for pharmaceutical companies, $23 for biotechnology companies, $27 for chemical companies, $5 for food companies, and $1 for hydrocarbon process companies.

When compared to peer companies, MCAA members’ EPS for the past five years were $7 compared to $12 for design software companies, $5 for pollution monitoring companies, $15 for analytical instrument companies, $5 for flow control companies, $24 for machinery manufacturers, and $16 for process control companies.

Ms. Takeda’s advice to MCAA members was blunt and to the point: “Keep up or reconsider your business.”

For more information about MCAA membership and activities, contact MCAA, P.O. Box 3698, Williamsburg, Va., 23187, visit www.measure.org , or visit www.controleng.com/freeinfo .

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