5 of the title Friday is only provisional

Competition is tough in the sector technology but not necessarily unfair. Any software for the Apple iPhone will tell the investor that title Microsoft is notoriously undervalued on Wall Street. It is of course attempting to discern the beginnings of a movement of pendulum between the rebirth of the Phoenix of Cupertino, which records into recession a increased its quarterly sales of 9, and the beginning of a decline of the empire of the designer of Windows, which sees the endorsed reflow of 6 for the first time in twenty-three years of rating. The firm Apple croque indeed growth toothy due to the success of the iPhone and the iPod when the Redmond Group, pending the successor to Vista, more poorly resistant to conditions affecting four of its five divisions. But Rome fell in one day. If the quarterly net profit of Apple climbed 15, is still twice and a half less than that of Microsoft, but plunged 32. And $ 1 billion of additional savings safety in three months proves that Steve Ballmer group keeps the resource. Wall Street was therefore a little quickly said goodbye to its ancient features the market discount, around 20 500 large American values, even after the rebound of 10.5 of the title Friday, is only provisional.

Route 66

It is now clear for Wall Street: it is important for the restructuring of General Motors and Chrysler, is... Ford! In the eyes of investors, it is crucial that the plan of the Obama out the auto industry administration of rut adds no obstacles on the road to recovery by his number two. Today, the only one to have a chance to spend a Cape difficult without entering the hand extended by Uncle Sam, Ford has succeeded where General Motors has so far failed. He managed to come to terms with the unions to reduce 500 million payroll and make a capital gain of 4.7 billion on the redemption of $ 10 billion of debt. The group, which has burned half of cash in the first quarter on the last three months of 2008, hope exceed 4 billion of savings in fixed costs this year after the 1.9 billion earned since January. The conquest of new customers in the United States does more to shots of discounts and the group will increase its production in the second quarter for the first time in 15 months. If the road is long to see the end of the tunnel, in 2011, the stock market has already rekindled the headlights on the title by a quadrupling of its course, emerged from the muskeg area where he had fallen in November 2008.

Stuffing and Turkey

That left investors if it deprives them of their freedom of judgment Step much since their trade consists precisely in forging beliefs in order to take action. Fans of banking values therefore remain on their guard across the Atlantic. Not only funny sequence of "stress tests" imposed by the Government puts their nerves strained but many strings were in their back lately. According to the Prosecutor's Office in New York, the highest financial authorities have twisted the arm of Ken Lewis, the pattern of Bank of America, to the push to continue as what the buyout of Merrill Lynch without one or the other is to inform the public as and as. Bank panic eventually be halted and CEO, supported by its Board of Directors, saved the implementation to the regulators. But this is not gained with its shareholders, who meet Wednesday. They would more easily accept this mixture of genres between public and private interests if the joke was good. This is the problem. Bank of America lost 77 percent of its value against its most senior since one year, only 52 for Wells Fargo or 34 for JPMorgan Chase.