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Analysis: No rebound yet, but some U.S. companies see European bottom

The corner is far from turned in Europe, but for some U.S. companies there is a sense that they have reached - or can at least see - a bottom after years of weakness, a welcome change that could help boost profits in 2013.The euro hit a fresh 14-month high on Friday after new data on European factory activity suggested the region was on track to start growing again this year, underlining the opportunity for well-placed U.S. businesses."The solid growth in Europe is encouraging in light of the economic headwinds that continued in the region," Kevin Farr, the chief financial officer of toymaker Mattel , said on a conference call on Friday.It is not just toys, either. Software maker Citrix Systems Inc said last week that things had stabilized, partly as people grew accustomed to doing business in a rocky market."People are becoming more adjusted to the expectations, how to work with customers, how to think about backlog and the timing of getting individual transactions closed," Citrix CFO...

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