Archive for November, 2009
Bank of England: Capital Surcharges on Banks During Credit Booms
Research Recap submits:
A new discussion paper from the Bank of England looks at the concept of increasing capital requirements on banks during market bubbles and reducing them in times of weak economic conditions when banks are typically reluctant to lend.
Excerpts from The role of macroprudential policy (free pdf download)
S&P Updates Global Bank Risk-Adjusted Capital Ratios
Research Recap submits:
Standard & Poor’s today updated and corrected some of the results of its first global comparison of banks’ risk-adjusted capital adequacy, first published Nov 23. The affected bans are Allied Irish Banks (AIB) (to 4.7% from 5.0%) , Bank of America (BAC) (6.5% from 5.8%) , Danske Bank (DNSKY) (6.1% from 5.4%), and UBS (UBS) (2.4% from 2.2%). S&P said the changes “result from new material information that we have now received. We recalculated the estimated RAC ratio for Rabobank (to 8.3% from 7.8%) due to a computational error. Receipt of new information and a computational error has resulted in a new estimated RAC ratio for BBVA (BBVA).” (to 6.3% from 5.4% )
Virtualization: Expect Technology to Cross the Chasm Within Two Years
Gregory Ness submits:
Forbes Best Small Companies for 2009: Part V
Jae Jun submits:
This is a continuation of the series valuing each of the 200 Forbes Best Small Companies.
You can find the list of stocks and the corresponding intrinsic values as calculated by me with the stock value calculator.
Staples: Good News Coming? The Market Thinks So
optionMONSTER submits:
By Bryan McCormick
As we head into what will become the year-end doldrums, there are just a handful of names that are still reporting earnings. One name, Staples (SPLS), will report Tuesday.
Retail Sales: A Chart Perspective
Investors are focused on retail sales today and the potential for a disappointment in total holiday spending, but a closer look at the longer-term trend in retail sales shows that the consumer isn’t actually rebounding at all. In fact, retail sales have increased less than 5% over the course of the 50%+ rally in stocks. Is this is a sign that retail sales are permanently moderating as consumers deleverage and become more prudent or is this simply a blip on the radar before spending zooms back to all-time highs? Equity investors are certainly betting on the latter.
3Com Partners with Leading India IT Outsourcing Firm
Zacks.com submits:
Networking major 3Com Corporation (COMS) declared that it has partnered with India’s leading IT services, business solutions and outsourcing company Tata Consultancy Services to successfully conduct the Andhra Pradesh State Wide Area Network ((APSWAN)) project in India. As per this agreement, 3Com will provide enterprise switching, routing and security solutions for the prestigious project that will connect 23 district offices in the state to increase efficiency in government operations.
The government of Andhra Pradesh in India selected TCS for the country’s largest State Wide Area Network (SWAN) project on a five-year Build, Own, Operate and Transfer (BOOT) model. This network infrastructure will help the state government to facilitate various citizen service programs to boost Government to Government ((G2G)) and Government to Citizen ((G2C)) efficiencies with the intention of enhancing the e-governance platform. 3Com will develop applications encompassing transport, healthcare, education and municipality services, which will be operational on the e-governance network backbone, scheduled to be rolled out within 12 months.
Juniper Networks: The Ethernet Market’s Trojan Horse
On October 29th, Juniper Networks (JNPR), a new and powerful entrant in the roughly $5 billion market for Ethernet switches in the data center; announced it had licensed its Junos operating system to privately held BLADE Network Technologies for the development of Junos-based blade server switches. The partnership has the potential to provide Juniper with a highly leveraged channel into the data center, with blade servers from major OEMs serving as Trojan Horses for BLADE switches Running Junos.
The Data Center Fortress
Playing the Steel Upgrade with ETFs
Tom Lydon (ETF Trends) submits:
An analyst has upgraded the U.S. steel sector from “neutral” up to “attractive” on a host of factors. There are a variety of exchange traded funds (ETFs) you can use to take advantage of the boost. Goldman Sachs stock analyst Sal Tharani upgraded the sector Monday to attractive from neutral, and moved the industry into a “conviction buy” list. Scott Eden for TheStreet reports that the analyst made a case for bullishness toward steel because the sector’s share price is “underperforming” relative to the broader market. (Read about the underperforming commodities thus far.)
Other reasons cited in the upgrade: