In an effort to attain the leading position in the industry
with respect to security, reliability and quality,
The Dow Chemical Company
) announced that it has signed a process control software
reengineering contract with Semantic Designs (SD), a provider of
automated software engineering tools based in Austin, Texas. The
contract will allow Dow to get access to the approach handle
application deployed in SD's facilities worldwide.
According to the contract, SD will use customized tools to better
understand and enhance Dow's applications and facilitate smooth
migration to other industrial control platform. The custom tools
will be constructed on a foundation offered by Semantic Designs'
sector-major DMS Software program Reengineering Toolkit, an
engine for constructing customizable tools for analyzing and
transforming the supply code of large, complex computer software
systems. Dow's proprietary Manufacturing Operating Discipline
(MOD) systems will also be customized and the knowledge contained
in these systems will be recovered and preserved by Semantic
DMS is distinctive in the software sector for its capacity to
approach a wide selection of modern day and legacy computer
languages. DMS can absorb an entire software system of millions
of lines to gather precise information across the whole system.
The expertise of DMS can then be utilized to accomplish a desired
buyer effect, specifically huge automated modifications, driven
by pattern-directed matching and code transformation guidelines.
Last month, Dow released its third quarter 2012 results. The
company earned 42 cents a share in the quarter, down from 69
cents (or 62 cents excluding items) posted a year ago. However,
earnings in the quarter topped the Zacks Consensus Estimate of 37
cents. Dow's profit tumbled 39% year over year to $497 million as
lower pricing dragged down its sales in the quarter. The company
also saw weak demand for its products in the quarter, largely
stemming from the recessionary conditions in Europe.
Revenues slipped 9.7% (or 7% on an adjusted basis) year over year
to $13,637 million in the quarter, missing the Zacks Consensus
Estimate of $14,130 million. Sales fell across all segments
except Agricultural Sciences, which was the only bright spot in
the quarter. Revenues in Europe slid 10%, largely due to
unfavorable currency translation.
The company competes with
EI DuPont de Nemours & Co
) and currently retains a Zacks #3 Rank that translates to a
short-term (1 to 3 months) Hold rating. We currently have a
long-term (more than 6 months) Neutral recommendation on the
DU PONT (EI) DE (DD): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
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