Analysing ABB

ABB (ABBN) has come to my attention today. The CEO resigned yesterday because of differences over buyout strategies. The price gapped down today and is trading over 8% below yesterday's close.

On the other hand, figures published yesterday show that ABB had a good result in 2007 according to an article in today's Neue Zuercher Zeitung (in German language): profit up from CHF 1.4 billion to CHF 3.8 billion; EBIT up from 11.1% to 13.1%. For a moment I was tempted to buy ABB today but then decided against it. I have a feeling that the price will go down some more for a while before going up again. My basic question is: will the recession cause a decline in the demand for ABB's products and services? I fear that it will.

Link to company profile.