Some of Fidelity Worldwide's biggest holdings include Exxon Mobil (nyse: XOM - news - people ) and Swiss power and automation company ABB (nyse: ABB - news - people ).
Assets: Owns an estimated 75% of his BZ Group Holding, which has stakes in Swiss blue-chip companies like ABB, Alusuisse-Lonza, and Roche.
But the giant companies that make control systems--General Electric, Siemens, ABB and others--say that even when they offer new wares with digital armor, customers balk.
ABB, a Swiss-Swedish engineering conglomerate, has based its entire strategy on the cross-fertilisation of ideas among employees from different countries.
This year there will be even wider flexibility, with A-level ABB grades or better becoming exempt from these student number controls.
ABB's now-glaring over-reliance on financial, as opposed to material, activities.
According to Fernandez, the ABB has a three-pronged strategy.
As part of its ABC programme, for example, ABB, a Swiss-Swedish power company, divided its purchasing activity into things like negotiating with suppliers, updating the database, issuing purchase orders and handling com-plaints.
ABB, a Swiss-Swedish engineering giant, has also developed brainy software that tracks grid flows several times a second and feeds the information to control systems that can respond within a minute or so.
Assets: Over 4% of ABB, parent of Swiss-Swedish Asea Brown Boveri.
As wind turbines and solar panels add more energy to the grid in farther-flung places, ABB hopes to move the energy.
One of ABB's specialties is high-voltage direct current links, so-called HVDC.
Continuing a long-term strategy, ABB Asea Brown Boveri is cutting 10, 000 jobs in Europe and America, an 8% reduction, and moving more production to Asia, where a quarter of its orders originated last year.
More than a grid company, ABB makes more electric motors and energy-saving motor controls called drives than any other company in the world.
At the moment, universities can recruit an unlimited number of students who have achieved A-level grades equivalent to ABB or higher, but the number of lower achieving students they can take is capped to limit the cost to the state in the form of student loans.
Then, last week, after controversy over his ABB pension, he resigned from his post as chairman of Investor, the powerful Swedish Wallenberg-family's industrial holding company which is also a major ABB shareholder.
Siemens is also offering high-voltage direct current technology, but ABB is a step ahead.
BP, Shell, ABB and Exxon all sold their holdings in state-owned Chinese firms by 2005.
ECONOMIST: Buying a stake in China Inc is no shortcut to market share
That same day, the ABB carried out similar ambushes against two other Filipino-Chinese businessmen, Benjamin Yu and Ramon Chua.
ABB, a once admired but now troubled Swiss-Swedish engineering group, had uncovered a fraud affecting its 1999 and 2000 numbers.
"Handog sa Maralita" (Gift for the Poor) stands for Robin Hood-style holdups: in 1993, the ABB hijacked a rice truck and distributed its cargo among Manila's slum residents, while last year it plundered a food delivery van.
Converteam is competing in the manufacture of products for use in gas pipelines and electricity grids with large-cap companies in Europe like Siemens AG and ABB Ltd.
John O'Shea, the 57-year-old former general manager of the Texas unit of ABB, was arrested last week for his alleged role in a conspiracy to bribe Mexican government officials and get business from the Comision Federal de Electricidad, or CFE.
Wadhwani, born in India 52 years ago and schooled in Pittsburgh, Pennsylvania, had founded a software firm (since sold to ABB of Switzerland) and was chief executive of Cimflex Technology (computer-assisted manufacturing) before founding Aspect in Mountain View, California, in 1991.
Federal prosecutors say that after O'Shea was fired by ABB, he worked with CFE officials to cover up their scheme by creating fake, back-dated correspondence to document work that had, according to the Feds, not been performed.
The ABB unit, based in Sugar Land, Texas, provides products and services to many foreign state-owned electrical utilities.
ABB, an engineering conglomerate based in Switzerland and Sweden, has been snapping up and restructuring communist-era heavy industry in Eastern Europe far more successfully and imaginatively than its German counterpart, Siemens.
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