Oshkosh Truck Powers Up In Hybrids

Among the more agreeable types of government programs are the ones that help your company win new business and cozy up to important customers. Consider the case of Oshkosh Truck, Waste Management and the Department of Energy’s Advanced Heavy Hybrid Propulsion Systems initiative.

The program, managed by the National Renewable Energy Laboratory, began in 2002. Its goal: Bring industry and government researchers together to get cleaner, more fuel efficient trucks and buses on the road by the end of the decade. Notable corporate participants are Eaton, Caterpillar, General Motors and Rockwell Automation.

In February 2003, Oshkosh Truck , which makes big, tough, trucks for military, municipal and other customers, received a $9 million grant from the Advanced Heavy Hybrid program to develop hybrid power-control systems and electronics for its severe-duty trucks. A key component of Oshkosh’s bid: its relationship with trash industry giant Waste Management .

Full story at Forbes.com


State Of The Border Security Business

WASHINGTON, D.C. – A prediction for tonight’s State of the Union address: President George W. Bush will get a standing ovation when he talks tough on stopping the flow of illegal immigrants into the U.S.

If our prediction holds, another group will have reason to clap: defense and technology contractors doing business in homeland security. Last week, a few hundred of their reps heard from the Administration on technology needed for an ambitious border security proposal, one that could be worth billions.

“This issue is clearly one of the most important public-policy priorities for the Administration as well as for the Congress,” Department of Homeland Security Deputy Secretary Michael Jackson told the crowd.

Full story at Forbes.com


Six Tech Picks: Cheap And Profitable

WASHINGTON, D.C. – By Reuters’ count, there are 1,784 technology stocks listed on U.S.

exchanges. With a series of screens on profitability and valuation, we trimmed that number down to six promising bets.

Full story at Forbes.com


Buy Like Buffett

Here’s an investing mind-set to adopt: think like a corporate acquirer. In other words, even if you’re only picking up a few shares, pretend you’re buying the entire company. Such discipline forces you to contemplate important fundamental and conceptual items before pulling the trigger on a trade.

One pro to emulate with this type of investment strategy is Warren E. Buffett, chairman of Berkshire Hathaway. In the company’s 2004 annual report, Buffett lists his acquisition criteria–among them, $75 million or more in pretax profits, consistent earnings power, good return on equity with a light debt load, management in place and “simple” (not too technological) businesses.

Full story at Forbes.com


Smartcard Small Cap

WASHINGTON, D.C. – The notion that small-caps are riskier than large-caps flows from common sense. Small companies usually have fewer customers and lines of business. Their stocks aren’t as widely held, thus intensifying the effects if a big shareholder pulls the plug.

But what if one of your customers is the recession-resistant mother of all spenders? The one that can print money? Fargo Electronics is strong in a niche business that the U.S. federal government demands: printers that personalize identification cards with text and images.

“The federal government isn’t generally a big risk taker, so they’re looking for products that are tried and true,” explains Kathleen Phillips, Fargo’s vice president for sales and marketing. “We have those products.”

Full story at Forbes.com


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