The course of 2010 promises to be made hollow and bumps

Switzerland know since Paracelsus that everything is poison, nothing is poison and that all is matter of dose. If Credit Switzerland has learned the lesson, this is not the case of UBS, which is auto-injecté so many financial products fatally toxic that only the intervention of the State emergency was able, in fine, save the Confederal banking icon. It throws, seven months later, EUR 2.5 billion of fresh money from private investors with a discount limited to 7 by stock market price is about also reassuring to see a great ill prepare New York City marathon. Even after a total of 25.5 billion of increase of capital since late 2007, UBS is JP Morgan or even Morgan Stanley. And try out the Confederation of capital hold more political view that good financial health bulletin. Still should be found for its EUR 4 billion of convertible bonds of purchasers to a current price at least greater by 25 in stock market to recoup costs, even taking into account the expensive coupon: 12.5 that UBS to pay him. To back the title as the Switzerland, deprived of its banking secrecy, will need more than ever of the benevolent neutrality of Uncle Sam to return customers in UBS.

The Pre in grass

Is cut not more wheat grass that Palm can reap its Pre before him have sown. Yet this is what comes to investors by welcoming with enthusiasm the doubling of its losses and the fall of 70 percent of its sales. In this regard, the last quarter is the repetition of the seven that preceded it, two years in which the star of the 1990s has divided its sales by five and tenfold its losses. The inventor of the personal assistant also lost sight for a long time its stock market value of 24 billion affected in 2000. It was more than 264 million end 2008. But the announcement of the Pre did rebound to 2 billion. The design of the device is certainly attractive, then to conclude that all the hopes of the iPhone are allowed, there are more than one Groove. The firm Apple won't easily chewable a nugget that brings 20 of its sales. Analysts estimate that the Pre has elapsed since its launch in early June, some exemplary 150,000 compared to the one million iPhone 3 GS sold in three days. 25 Billion of cash of Apple give firepower without equal. Developers, who have endowed the 50,000 applications iPhone when Palm offers only a quarantine, also demonstrated. The market would do well to reread Confucius and remember it harvests which sometimes fail to flourish.

The Tiger is wood

Blow hot and cold without affect his credibility is an art. As its flagship Tiger Woods, who performs on the green a tango way comeback without despair fans, Accenture perfect Wall Street his swing on the forecasts. After warning in March which had led it to reduce its range of earnings per share goals about 6, the number two world computer Council has adjusted it upward from 1 to 3 after a second quarter a bit better than expected. Erasing the indignity suffered by the title, which had fallen by 13 on the stock exchange in a single session three months ago, investors have made back to the levels of before the warning with a rebound of 6.6 Friday. The confirmation that, thanks to cuts in costs, the profit of the fiscal year 2009 would growth even if that should be at least two times lower that that of IBM restored confidence to fellows. The market appears to be forgotten however that, despite promises of an acceleration of outsourcing by major customers, Accenture navigates now like them, to view in a dense fog which remains. To its most senior in 2007, the action fell 23 while the unscrewing had reached 59 during the crisis of 1982. The course of 2010 promises to be made hollow and bumps.