Caterpillar Profit Loss, Dutch Philips Net Loss

Today quarterly report on major worldwide industries still talks about less profit due the global crisis. Most industries reported that they have already been attacked so hard as shown on their report but if we look deeper, most companies still run in profit, but declined in time lag running zone. The reason is clear, low demand and over supply as economic theory said.

Caterpillar Inc said that they suffered 32 percent loss of their profit on 4th quarterly report like mouse has eaten 32 percent of cheese. Caterpillar is one of the biggest global mining equipments industries and earth-moving construction. Lower on home sales has pressured their sales. Caterpillar has already been housed 17.000 workers to eliminate costs.

Claimed as Biggest Loss since 2003, Philips, an Amsterdam Electronic Industry posted big profit loss in this forth quarter. The report showed that Philips suffered more than $ 1 billion euros and put the electronic industry into red line. The suffering was caused by global crisis on demand side, low on demand. High on costs pushed The Company to cut more than 6000 job in near to save the operating costs. The good news is 5 percent rose on share due they kept last year dividend.

Necessary acceleration will be established to health Philips said Philips official staff. Philips net loss to complete others electronic industries such as Japanese Sony and Samsung net loss as global crisis attacked on demand side.

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