Slump...

With effects of US subprime crisis still lingering, European markets are facing hardships. The latest news is about CitiGroup CEO stepping down.

But what is going on in the slow moving Industrial Automation market? When the whole European market is in slump, Invensys has gained. Heard from Ulf Henricksson CEO that actually the firm is going back to acquisition formula starting with Cimnet & its 'Factelligence' technology. But seems like the firm is actually reorganizing itself - like that of APV sell-off, the recent news on takeover talks in the controls segment and the heavy concentration on Railways... Wait n watch...