It can be and have been, but it is not always easy. Attacked on the more comfortable margins, those of "smartphones", Nokia with almost 40 of an annual market of more than 1 billion handsets remains the undisputed boss of the world mobile. Still, he sold early 2007 smart phone on two did in distributes more that one in three. It is therefore urgent for the Finns to contain the expansion of Apple, Rim or HTC surfing their iPhone, BlackBerry and other "Google phone". Yesterday plunged his action which, it is true, in three months regagné a little too quickly was the third of its value, investors have shown that they believed not. They are wrong. Focusing on the prediction by Nokia of the stagnation of its market share and profitability, also still quite comfortable, they are few cases of what remains its main assets, its size. In the heart of the needs of emerging economies often deprived of fixed lines, mobile medium range was still beautiful days before him. However, for these markets, control of distribution networks is a real barrier to entry and they are good little apart from Nokia to lift.
Pesky pill
It is of not having a bad surprise. It's less nice not to have good. Novartis, the number two of the European pharmacy, has in its reserves a few refreshing pills. It is time to consume them. As expected, therefore, the rise of the dollar against the Swiss franc has weighed on the company, which presents its accounts in Greenbacks. The operational result, instead of 5, would have increased by 11, expressed in local currency. As expected, the Sandoz generics submitted to strong pressure poorly behaved. As expected, finally, the conditions of redemption to Nestlé in 2008 of the quarter of Alcon, the world leader in ophthalmology, for $ 10 billion weigh on its accounts. They led him in the second quarter to a EUR 1.5 billion bond issue. Control Alcon prohibits him especially to benefit in full that would make it this diversification and prevents it the cost reductions that he would like to. The question will arise for him as soon as January to exercise the option he holds on the 50 that still has the Group of Vevey. The premium would then pay for a claim that the courts declined would certainly a bad surprise. A perspective that may contribute to his peers the most ill-treated course Europeans and especially his compatriot rock, including 30 operating margin, it is true, 8 points higher than his own.
General Morgan
If some French viewers remember the deeds of the Super Jaimie Bionic Woman, a majority of international investors will not forget Galactic banker Jamie Dimon scores. JP Morgan he leads is the only large American Bank staying recipient since 2007. This "Grand Morgan" has thus succeeded in away from burdensome orbit Washington policies, to repay to the faster the taxpayer money, while digesting the takeover of Bear Stearns and WaMu. This release of the "Tarp" can freely pay the troops of the investment bank that have done better that save the results of the first part of the year and also to be better able to wait the investors including share repurchases of shares. Because it is unlikely that JP Morgan manages to get out of the Red year next in credit cards, his main home loss currently. Even if the group is well placed to avoid the devastation in the commercial real estate, it may be still handicapped by the cost of risk in its lending activities while the benefits of its investment bank are volatile, by definition. Dimon promises so not to increase the dividend prior to see clearer.
Another novelty it may request Bercy blocking transactionsIt is particularly supported by the voters8 of the vote hold the key to the electionJeanPierre Evelin took its decision in good scienceHe took the oath and settled at LunévilleSince the summer the land prices go upwardThe Consensus Forecasts does admittedly only 1The measure is therefore before any symbolicWith it seems of quite substantial creditedToday their budget amounts to 800 million
