Yaskawa Electric`s Earnings Report Underlines The Uncertainties In Automation
(WorldNews Japan)

Investors looking to get a clear sense of the near-term direction of key automation segments like servomotors, drives, and robotics will need to wait a little longer, as Yaskawa Electric´s (OTCPK:YASKY) (6506.T) fiscal first quarter earnings report confirmed some worrying trends but also showed some better than expected strength in other areas. Although Yaskawa shares are down another 10% from when I last wrote, I´m still not completely sold on the valuation argument at today´s price. This `lull` in smartphone-related capex could go on a little longer than expected, and I´m likewise concerned about the potential for weaker semiconductor, machine tool, and auto-related orders. Long term, I...