Transense: Automotive Sensor IPR for Honeywell, Michelin & The World.

I wonder why they are so confident?

" MORRIS TOWNSHIP, New Jersey (AFX) - Honeywell said it expects 2007 earnings of 2.85-2.95 usd per share, up 13-17 pct on the previous year, and a 5 pct rise in sales to 32.6 bln usd.

Honeywell (nyse: HON - news - people ) chairman and chief executive Dave Cote said the company's strong positions in industries with favourable macro trends and attractive long-term prospects are expected to more than offset softening economic conditions.

''With our operating strength, this should translate into double- digit earnings growth and increased free cash flow in 2007,' he said.

The company also reiterated its full-year 2006 earnings and sales forecasts of 2.51-2.53 usd per share and 31.2 bln usd respectively. "