14 ordspråk av Credit Suisse First Boston
Credit Suisse First Boston
Bottom line, it was hard to get excited as most of the demos focused on corporate or web/graphics oriented -- making this look more like demos from MacWorld last year, than consumer-oriented killer apps.
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CSFB will be vigorously contesting the claim.
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Despite a strong showing in African oil, there is little sign of a volume growth renaissance at (Exxon), just like at most of the company's peers. Those looking for good news on volume growth from the sector leader will have been disappointed.
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Gaming, magazines and profits from its associates should more than offset the downturn in TV earnings.
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Investors will in our view naturally be concerned that the risk of referral has increased.
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Management indicated that changes in its practices for over-limit credit card fees negatively impacted credit card income, which was essentially flat with the third quarter vs. a strong seasonal fourth-quarter increase that we were expecting.
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Most of (Chevron's) earnings miss was in the upstream and was caused by weak U.S. oil and gas volumes (hurricanes, declines) plus lower than expected U.S. gas realizations, as well as weak European gas volumes.
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The recent run up in prices should be enough to start demand retardation and to grind down prices over the next few years.
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These headline figures are ... misleading as most of the acceleration in PPI inflation during September was due to the one-shot cigarette price hike which went into effect at the beginning of the month.
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This is not as bad as it may look.
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Unless results improve over the next few quarters or [capital] spending is scaled back, AMD will require external financing in 2003 to fund operations.
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We believe confirmation of reporting financials is a positive step in improving visibility.
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We would be surprised if the company could say anything to get the stock above $45, as most of the world is playing the stock on the long side and recent investor conferences have already incorporated a more bullish tone by the company.
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With the market deficit slowly being filled by the big three producers at increasing unit capital cost - greenfield projects are likely to be much harder to justify, highlighting one motivation in the strategic advantage of bringing forward these expansions.
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