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FMC-Tech has developed a system that delivers dramatically improved network performance at lower cost.
FORBES: GE Gobbles Up More of the Smart Grid
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Plus, FMC sells recession-resistant chemicals like coatings for pills, and a third of its revenue comes from specialty chemicals, including lithium, the raw material for the next generation of electric-vehicle batteries ( click here for related story).
FORBES: Magazine Article
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Meanwhile, DuPont has surged 21 percent and Philadelphia-based chemical giant FMC Corporation is up 9 percent.
FORBES: Yields Trigger Chemical Stock Reaction
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Other competitors in the energy sector include: FMC Technologies (FTI), National-Oilwell Varco (NOV), and Dril-Quip (DRQ).
FORBES: Earnings Preview: Cameron International
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By taking the plunge on FMC Tech, GE is expanding its offerings in a particularly promising area of the smart-grid space: distribution automation.
FORBES: GE Gobbles Up More of the Smart Grid
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FMC's aim, of course, is to provide the gaiatsu excuse that the Japanese authorities need to concede--after an appropriate amount of sucking their breath regretfully through clenched teeth.
ECONOMIST: Shipping in Japan