Cummins blamed the weak results on little demand from oil, gas and mining companies.
FORBES: Cummins Hurt By Oil, Gas And Mining Slowdown; Q1 Profit Down 38%
Last year, the best in the history of the truck industry, Cummins stumbled badly.
Cat and Cummins have similar unionized work forces and cope with the same currency fluctuations.
Cummins' bread-and-butter N14 diesel engine was basically a 1970s model with lots of tweaks.
Enginemakers Cummins and Detroit Diesel have already settled on other technologies to meet the 2007 standards.
Cummins, one of the original venture backers, signed on as ceo six years ago.
Cummins says that the offer was insultingly low, given the possible uses for Cyberonics' technology.
Consider the effects on Caterpillar (CAT), Boeing (BA), Cummins (CMI), and Honeywell (HON), among others.
Cummins ' China strategy is one happy reason, says Wall Street Access analyst Charlie Rentschler.
Cummins is the largest foreign investor in China's diesel-engine industry, with seven joint ventures.
By the time of the Cummins concert, Cash was close to the peak of his career.
Additionally, heartland industrials like Cummins, Caterpillar and Deere, huge beneficiaries of foreign demand, would lose momentum.
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Cummins also cited a drain in North American demand for heavy duty trucks and power generators.
One thing hasn't: Cummins Engine, the world's biggest maker of heavy-duty diesel engines, still doesn't make money.
"Bud" Cummins, who had been dismissed from his post as a U.S. attorney in Little Rock, Ark.
New federal truck emissions standards are taking effect in 2010, and Cummins sells the cleaner engines needed.
Multinational industrials like Caterpillar, Deere and Cummins sell at higher valuations than IBM, Hewlett-Packard and Cisco Systems.
"I only had to make about five phone calls instead of 100 phone calls, " Mr. Cummins says.
Cummins' rationale: Unimarc has the lowest valuation of Latin food retailers but one of the highest operating margins.
The analyst believes Cummins will continue to use technology and its strong balance sheet to boost market share.
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The large engine manufacturers, such as Cummins, Peterbilt, Caterpillar, and Navistar are all building LNG engines.
Cummins notched a sharp drop in quarterly profit, driven lower by decreased demand from oil, gas and mining customers.
FORBES: Cummins Hurt By Oil, Gas And Mining Slowdown; Q1 Profit Down 38%
It's a 50-foot Carver 506 built in 2001 with Cummins twin diesel engines.
The majority of analysts think investors should stand pat on Cummins, with eight of 15 analysts rating it hold.
Over the years Cummins has offered an assortment of reasons for its disappointments.
Companies like Cummins (CMI) and Advanced Micro Devices (AMD) issued warnings.
Meanwhile peers such as Deere increased 0.4%, Cummins 1.4%, and Astec Industries 0.4%.
It recently signed deals to produce diesel engines with Cummins, transmissions with ZETF of Germany and trucks with Leyland.
Cummins (CMI) manufactures diesel, hybrid, and natural gas engines, primarily for heavy trucks.
The reward has been offered for information leading to the prosecution of the people responsible for Mr Cummins' death.
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