NEW YORK ( TheStreet ) Order flow at industrial conglomerate Siemens AG ( SI Quote ) provides valuable insight into estimating the pace of global economic recovery. The German based company receives 47% of its revenues from industrial infrastructure businesses and recently won an order worth up to 580 million euros to supply as many as 54 trains to the Russian Railway in relation to the 2014 Winter Olympics to be held in Sochi Argus analyst Jim Kelleher expects Siemens to see increased demand if the global economy improves later in 2010, even though orders currently remain depressed Kelleher specifically cited potential upside for the company's power related operations 
Share:  NEW YORK ( TheStreet ) Order flow at industrial conglomerate <span class="company">Siemens AG</span> ( SI Quote ) provides valuable insight into estimating the pace of global economic recovery. The German based company receives 47% of its revenues from industrial infrastructure businesses and recently won an order worth up to 580 million euros to supply as many as 54 trains to the Russian Railway in relation to the 2014 Winter Olympics to be held in Sochi<span class="sent"> Argus analyst <span class="analyst">Jim Kelleher</span> expects Siemens to see increased demand if the global economy improves later in 2010, even though orders currently remain depressed</span> Kelleher specifically cited potential upside for the company's power related operations...The German based company receives 47% of its revenues from industrial infrastructure businesses and recently won an order worth up to 580 million euros to supply as many as 54 trains to the Russian Railway in relation to the 2014 Winter Olympics to be held in Sochi<span class="sent"> Argus analyst <span class="analyst">Jim Kelleher</span> expects <span class="company">Siemens</span> to see increased demand if the global economy improves later in 2010, even though orders currently remain depressed</span> Kelleher specifically cited potential upside for the company's power related operations "We think the energy business may begin to thrive with help from green initiatives, which range from solar thermal efforts to gas turbines," he wrote in a recent research note Tweet this 

By Eric Savitz Argus Research analyst Jim Kelleher today upped his rating on Seagate (STX) to Buy from Hold with a $25 price target. The stock closed Friday at $1789 Kelleher writes that he expects a strong demand year for PC disk drives "We think mini hard drives for the notebook and notebook market could be in short supply," he writes in a research note 
Share:  <span class="sent">By Eric Savitz Argus Research analyst <span class="analyst">Jim Kelleher</span> today upped his rating on Seagate (<span class="company">STX</span>) to Buy from Hold with a $25 price target. </span> The stock closed Friday at $1789 Kelleher writes that he expects a strong demand year for PC disk drives "We think mini hard drives for the notebook and notebook market could be in short supply," he writes in a research note Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York 
Share:  <span class="sent">"What Ciena could add to the <span class="company">Nokia Siemens</span> mix is positive, and where Ciena is strong is the US, where <span class="company">Nokia Siemens</span> is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York 
Share:  <span class="sent">"What Ciena could add to the <span class="company">Nokia</span> Siemens mix is positive, and where Ciena is strong is the US, where <span class="company">Nokia</span> Siemens is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York 
Share:  <span class="sent">"What Ciena could add to the Nokia <span class="company">Siemens</span> mix is positive, and where Ciena is strong is the US, where Nokia <span class="company">Siemens</span> is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York He recommends buying Ciena shares and doesn't own any "It could make strategic sense, but the finances would be daunting Ciena is not a cheap buy" 
Share:  <span class="sent">"What <span class="company">Ciena</span> could add to the Nokia Siemens mix is positive, and where <span class="company">Ciena</span> is strong is the US, where Nokia Siemens is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> He recommends buying <span class="company">Ciena</span> shares and doesn't own any "It could make strategic sense, but the finances would be daunting <span class="company">Ciena</span> is not a cheap buy" Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York 
Share:  <span class="sent">"What Ciena could add to the <span class="company">Nokia Siemens</span> mix is positive, and where Ciena is strong is the US, where <span class="company">Nokia Siemens</span> is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> Tweet this 

"What Ciena could add to the Nokia Siemens mix is positive, and where Ciena is strong is the US, where Nokia Siemens is not," said James Kelleher, an analyst at Argus Research in New York He recommends buying Ciena shares and doesn't own any "It could make strategic sense, but the finances would be daunting Ciena is not a cheap buy" 
Share:  <span class="sent">"What <span class="company">Ciena</span> could add to the Nokia Siemens mix is positive, and where <span class="company">Ciena</span> is strong is the US, where Nokia Siemens is not," said <span class="analyst">James Kelleher</span>, an analyst at Argus Research in New York</span> He recommends buying <span class="company">Ciena</span> shares and doesn't own any "It could make strategic sense, but the finances would be daunting <span class="company">Ciena</span> is not a cheap buy" Tweet this 

Ciena, which gets two thirds of its revenue from the U.S., would gain new customers in Asia and Europe, including Spain's Telefonica SA . "I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," James Kelleher , an analyst at Argus Research Corp in New York, said of Ciena's offer.  
Share:  <span class="company">Ciena</span>, which gets two thirds of its revenue from the U.S., would gain new customers in Asia and Europe, including Spain's Telefonica SA . <span class="sent"> "I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," <span class="analyst">James Kelleher</span> , an analyst at Argus Research Corp in New York, said of <span class="company">Ciena</span>'s offer. </span>...<span class="sent">"I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," <span class="analyst">James Kelleher</span> , an analyst at Argus Research Corp in New York, said of <span class="company">Ciena</span>'s offer. </span> <span class="company">Ciena</span> is paying a "reasonable price," said Kelleher, who recommends investors buy <span class="company">Ciena</span> stock. Tweet this 

Including the Ciena sale, Toronto based Nortel has raised about $2.8 billion from the auctions. "I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," James Kelleher , an analyst at Argus Research Corp in New York, said of Ciena's offer.  
Share:  Including the <span class="company">Ciena</span> sale, Toronto based Nortel has raised about $2.8 billion from the auctions. <span class="sent"> "I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," <span class="analyst">James Kelleher</span> , an analyst at Argus Research Corp in New York, said of <span class="company">Ciena</span>'s offer. </span>...<span class="sent">"I'm not surprised they had to lift their bid as it's consistent with the way the previous auctions have turned out," <span class="analyst">James Kelleher</span> , an analyst at Argus Research Corp in New York, said of <span class="company">Ciena</span>'s offer. </span> <span class="company">Ciena</span> is paying a "reasonable price," said Kelleher, who recommends investors buy <span class="company">Ciena</span> stock. Tweet this