Barron’s visited with the industrial company on Monday. Here’s what we learned.
It is a maker of electrical connectors and sensors whose products end up in almost every car and in countless factories around the world. With a market value of more than $35 billion, including debt, it is one of the U.S.’s largest industrial enterprises.
“Six months ago we said China was slowing,” said Curtin. “Now China business is stabilizing and growing. The inventory correction is behind us.” Whether that happens depends on spending by network providers such as AT&T . Revenue in TE’s communication segment fell by 2% last quarter, yet management remains optimistic about the impact of 5G on its business. The company is ready for higher growth.
That’s actually good news. If technology exists for self-driving cars, now or in the near future, it would transform a host of companies, including Uber Technologies . “It is different this time,” says Curtin, while acknowledging those are often famous last words. “China is the largest car market in the world and the government strongly supports EVs, Europe is moving away from diesel technology and you just can’t hit tightening emissions standards without EV technology.”
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