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July 2009

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July 25, 2009 – Comments (0)

From Terex Corp.'s (TEX) 2nd quarter, '09 earnings call transcript:
Ron DeFeo, Chairman and CEO...
"Well, there is only real, one real stimulus package in the world and it’s happened to be located in China. And it is benefiting out and it’s the one market in our developing markets portfolio that's actually up on year-over-year basis.
...there is real China stimulus, there is real investment, there is real economic change taking place and there is a strengthening Chinese manufacturing base for construction equipment manufacturers overall."
Transcript graciously provided by www.SeekingAlpha.com  [more]

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