By editorial@silicon.com, 24 July 1998 17:58
NEWS Swiss utility giant, Asea Brown Boveri (ABB), has seen profits slow due to the poor performance of Adtranz, its rail technology spin-off now co-owned by Daimler-Benz. ABB's profits rose by only 13 per cent in the first six months of 1998, with orders of $17.9m and a turnover of $14.m. Adtranz is not expected to make a profit until next year.
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