CONTENTS

MARKET ACTIVITIES

• AS DEMAND SLOWS, COMPANIES PROJECT EARNINGS DECLINE
• EATON BUYS IMC'S CYLINDER BUSINESS; SIGNS WITH MOOG
• KOMATSU SIGNS LETTER TO ACQUIRE HENSLEY INDUSTRIES
• WALDON IS BOUGHT BY COLLINS INDUSTRIES
• TWO AGCO DEALS BOLSTER ITS EUROPEAN PRESENCE
• TEREX COMPLETES SALE OF FORKLIFT UNITS TO PARTEK

MACHINERY POPULATIONS

TRACKING THE TRENDS

• MARKET TRENDS
• ECONOMIC INDICATORS