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GREED IS GOOD! : Foreign Stock Markets



  • dailo,

    my job used to be a lot like what you're doing. i quit because i can no longer stomach my own lies and those of others.
  • mac_bolan00mac_bolan00 PEx Veteran ⭐⭐
    hard guy,

    i was a research analyst from 1996 to 1996 anong brokerage house ka?
  • Playboy.com has added two new members to its management staff, Eliot Russman and Marc Brown. Russman joins the company as senior VP of eCommerce and Brown is the VP of broadband and convergence.

    Russman's responsibilities include Internet, new media and catalog-related activities for Playboy.com and its network of sites. Prior to joining Playboy.com, Russman served as publisher and director of business development and sales for Hewlett Packard's Digital Publishing.

    Brown joins Playboy.com from Playboy TV Networks. In his new post, Brown is responsible for conceiving, implementing and managing programming strategies for developing technologies, such as broadband, wireless and interactive television programming for Playboy Enterprises.

  • Fiat patriarch Gianni Agnelli is planning to list shares of Fiat's prestigious subsidiary Ferrari on the Milan stock exchange.

    The move to list Ferrari, which could see Ferrari valued at one billion pounds would help Ferrari retain (through stock grants and options) the main men who helped secure the Formula One Drivers' and Constructors' titles for the team this year: Ferrari President Luca di Montezemolo, Ferrari team manager Jean Todt, and Michael Schumacher.

    It would also top a successful year for Ferrari, who sold over 4000 cars for the first time in history.
  • KuyaDannyKuyaDanny Moderator PEx Moderator
    Starbucks (NASD:SBUX) announced it was teaming up with Microsoft (NASD:MSFT), its Seattle neighbor, to provide wireless internet services in many of its stores. MobileStar Network Corp of Richardson, TX, will provide the wireless data network for this service. The deal affects 70% of about 3000 North American Starbucks stores.

    Microsoft hopes to increase traffic to its MSN portal, and Starbucks hopes to imcrease in-store sales by making its customers spend more time inside the stores. (Hmmm...maybe this is not needed in the Philippines ;) )

    An analyst with USBancorp Piper Jaffray said the new wireless access is unlikely to affect many Starbucks customers or boost sales much. He said it was almost equivalent to adding curtains and carpet.
  • Microsoft Corp entered into a partnership with Lego Co of Denmark, through which the toy and educational company will use Microsoft technology on its website.

    Lego will supply unspecified content to the children's section of Microsoft's MSN Web portal. In addition, Lego, the plastic-brick maker, which has been branching out into other areas, will develop games for Microsoft's Xbox video-game console. Financial terms of the agreement were not disclosed.

    - The Asian Wall Street Journal
  • Hello PExERS! Today was a good day for our market... Stocks and rates are hitting their ceilings making all time highs for the year... Get in on it...

  • Hong Kong, Jan. 22 -- The Hang Seng Index was pushed up Monday by investors shifting away from interest-rate sensitive stocks, such as property, into market laggards, such as telecoms, media and technology (TMT) stocks, brokers said. The index finished at 16,099.27, up 69.77 points or 1.04 percent, on a turnover of H.K. $9.5 billion, 36 percent down from Friday's level.

    Investors were still squeezing some gains out of bank stocks, but property stocks slid on lack of investor confidence that the local housing market has genuinely revived. Brokers said the HSI's rally was over for the moment, and that the index would resume rangebound trading between 15,700-16,000 after the three day New Year Holiday break, starting at noon tomorrow.

    "The index demonstrated today that the rally is over for the time being," said Ben Kwong, head of research of KGI Asia.

    "Turnover is down 35 percent which means that funds to the market are drying up," he added.

    The index surged to its highest level since mid-September last Friday.

    "It also shows investors are smart enough to realize the limited upside potential of property stocks, in spite of their recent market out-performance in expectation of imminent rate cuts in the U.S.," said Ben Kwong, associate director of research at KGI Asia,"

    The property index made 606.670 points last week, but investors are concerned that they have peaked, on the back of the ambiguous housing situation in Hong Kong. Many property agents have warned of a huge oversupply in the mass housing market, although office rents in central business areas are still very strong.

    One of Hong Kong's biggest property counters, Cheung Kong Holdings, lost 0.48 percent to $104.50. Overall, the property index managed to gain just 0.11 percent in the final minutes of trading, after being in the red most the day.

    In contrast, bank stocks are still seen as having some upside, and banking giant HSBC Hlgs, the markets biggest player by market cap, managed to put on 0.86 percent to $117.00, still $3 short of its 52-wk peak. Other banks did not however, with Bank of East Asia and Hang Seng Bank slipping 2.10 percent to $20.95 and 2.27 percent to $43.00 respectively.

    Winners today were the tech stocks, encouraged by the small gain made by the Nasdaq on Friday. All the blue chips went up, starting with mainland telecom giant China Telecom, up 1.01 percent to $49.90 and moving through to younger sister China Unicom, up 2.63 percent $13.65. Pacific Century Cyberworks (PCCW) went up a solid 4.86 percent to $4.85. -- BridgeNews
  • Hong Kong's HKMA says banks recovered in 2000, but 2001 will be tough

    Hong Kong -- The Hong Kong Monetary Authority (HKMA) said in a press statement Monday that it expects local banks to "make a sharp recovery in profits in 2000", on the back of declining bad debt provisions and a broad increase in pre-provision profits.

    But the HKMA expects that banks will be cautious about the prospects of 2001, as loan growth is still sluggish, margins may be further squeezed and the profit growth outlook will therefore be limited. -- BridgeNews
  • Intel Corporation (NASD:INTC) is preparing to cut prices on some microprocessor chips by more than 40%, as part of an unexpectedly aggressive round of price reductions to spur demand in the weak personal computer market.

    The price cuts affect Pentium III, Pentium 4, Celeron, and mobile Pentium III chips, and will take effect Sunday (01/28).
  • KuyaDannyKuyaDanny Moderator PEx Moderator
    Notice these two articles, appearing in different publications, which talk about the exact same piece of news. In a way, Cisco did post earnings last quarter, but after deducting special (nonrecurring) charges, turned in a loss.

    And you thought financial journalism was fair? These guys know all the tricks, too.

    It pays to read the fine print, not just the headlines. ;)

    Article 1

    Cisco beats earnings expectations

    By Matt Krantz, USA TODAY

    Cisco Systems reported earnings Tuesday that barely beat lowered expectations, but it didn't give investors hope the tech industry will recover anytime soon.

    Investors were relieved Cisco didn't have more bad news. The networking giant earned 3 cents a share in its fiscal quarter that ended April 28, excluding a raft of special and restructuring charges but including interest income. That topped expectations of 2 cents a share.

    As expected, revenue fell 30% from the previous quarter to $4.7 billion, largely because telecommunications companies continued to cut purchases of Cisco equipment.

    Article 2

    Cisco Loss Pushes Futures Down

    May 9 7:27am ET

    NEW YORK (Reuters) - U.S. stock futures were lower in pre-opening trading on Wednesday after technology bellwether Cisco Systems Inc. posted its first net loss.

    June futures for the technology-laden Nasdaq 100 index were off 36 points at 1,906.50. Futures for the Standard & Poor's 500-stock index were off 6.40 points to 1,257.10.

    Cisco, the world's biggest maker of computer networking equipment, was down at $19.45 on the Instinet electronic broker system from a Tuesday closing price of $20.38.

    After markets closed on Tuesday, Cisco posted its first-ever net loss after charges of $2.69 billion. It said its quarterly operating profits fell drastically as it grappled with the slowing global economy and a spending slump on telecommunication equipment.

    Cisco's Chief Executive John Chambers said there were signs the networking and communications sectors could hit bottom in the next one to two quarters and perhaps resume growth in 2002.

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