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BBC NEWS | Business | Wind turbine maker's profits soar

Vestas, the world's largest wind turbine maker, has reported a big jump in quarterly profits after increasing deliveries of turbines.

Net profit for July to September came in at 165m euros ($246m; £150m), up 70% on the 97m euros recorded a year ago.

Revenue rose to 1.81bn euros from 1.76bn euros a year ago.

Vestas workers staged a sit-in protest at its site in the Isle of Wight this summer, after the firm shut the factory there with the loss of 425 jobs.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Tue Oct 27th, 2009 at 03:11:59 PM EST
[ Parent ]
also announced a new 6MW turbine for offshore (it's more an announcement of an announcement, but it should jolt the industry nonetheless).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Oct 27th, 2009 at 06:10:54 PM EST
[ Parent ]
remember when the 'puter industry used to announce vaporware?

Step right up and buy your 6MW variable diameter windmill right here, buy two and get a free energy tonic.

(Vestas does indeed have some innovative engineering in their latest models, so stay tuned as the actual turbine gradually emerges.)

But ya gotta love computer animation, or as J so accurately put it, an announcement about an announcement.

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Wed Oct 28th, 2009 at 04:30:20 AM EST
[ Parent ]
Deceptive marketing like this is not innocuous.

Your story reminds me of when IBM used to do this in the early 80's, as they were just getting into the personal computer business. Their pre-announcements about future announcements would hold back the industry for 6 or 8 months, and eventually for years. They never actually delivered anything on a date promised, and what they would deliver would be prototype one, waiting for field debugging. Some of this was linked to Microsoft's problems with delivering, contrary to the revisionist history of Wikipedia.

For example, I was selling a product that had multi-user networking working in '82/'83 (with your option of 5 or even 10MB hard disks!!!) It was based upon CP/M (Control Program for Microprocessors, of which Microsoft's, and therefor IBM's, operating system was a variant...again, contrary to Wiki-history.)

It wasn't for many years later that the monolith of IBM and Microsoft was able to get multi-user working well. We sold some against their vaporware, but it was tough. It was classic monopoly scenario - power in control of the press, therefore control of the meme.

But people are charmed by snake-oil, especially if it mixes with CW, like CH says.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Wed Oct 28th, 2009 at 09:06:01 AM EST
[ Parent ]

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