Stock Research

Intel Corp. has declared the largest updating a line of let out products for last 6 years. The company has presented family from 10 new processors of family Core 2 Duo which, on a plan of a management, will help Intel to win back a number of the positions, given to the main competitor - Advanced Micro Devices Inc. New chips work on 40 % more quickly, than last models of family Pentium, and thus consume on 40 % of less energy. The price for processors will make from 183 up to 999 dollars. They will go on sale in August 2006. Besides, Intel has declared sharp fall in prices on earlier models of processors. So, the price on developed in 2000 Pentium 4 is lowered on 61 % - with 218 up to 84 dollars Deprecication Pentium D will reach 40 % - with 530 up to 316 dollars. During 2006 Intel has given competing AMD about 5 % of the market.
Net profit of Intel on results of 2nd quarter of 2006 has decreased on 56,6 % - up to 885 million dollars. The Sales volume was reduced to 13 % and has made 8 billion dollars. These activities became the lowest for the company with 2004.

Motorola Inc has redeemed the common stocks for the sum nearby 1.2 billion dollars, the press-service of the company informs about it. Thus, the company has finished the program of the repayment of own stocks for a total sum of 4 billion dollars, declared on May, 18th 2005. As it is marked in the press release, this program became first the initiative under the repayment of own stocks in history of company Motorola.
Company Motorola will immediately pay 1.2 billion dollars and will receive the basic part of these common stocks within three weeks. The concrete quantity of the stocks which are a subject of repayment will pay off proceeding from the average cost of common stock of Motorola for the period of validity of the agreement on the accelerated repayment of actions and according to stipulated minimal and maximum quantity of stocks. On preliminary data, the repayment of last tranche of stocks will be made in 1st quarter of 2007. All the redeemed stocks will be extinguished. In the company have informed, that the board of directors of Motorola has made a decision on the repayment of additional quantity being in circulation own common stocks for the sum up to 4.5 billion dollars during the nearest 36 months provided that the condition of the market will favour to it. On present share price Motorola the sum of 4.5 billion dollars corresponds approximately 9 % of the general market capitalization of the company. “We have finished the program of the repayment of own stocks first in the history almost for two years before the planned term and at once have made a decision on establishment of second such program”, - financial director of Motorola David Devonshir has declared.
As the press-service of the company informs, within the limits of new program of Motorola periodically will carry out the repayment of the actions for cash money resources both in the open market, and in the private order, according to the federal legislation of the USA on securities. The volume and terms of the repayment will be defined by a company management on the basis of an estimation of position in the market, cost of stocks and other factors. The program of the repayment of stocks can be at any moment suspended or stopped. As of July, 1st 2006 the sum of money resources, their equivalents and short-term investments of company Motorola was estimated approximately in 14.4 billion dollars, and volume of net money resources - in 10.1 billion dollars.

Over and over again I’m writing about prices for oil. This theme arouses interest of the majority of population of the Earth. The World prices for oil on July, 27th 2006 have considerably risen. So, on results of the trades at leading oil stock exchanges InterContinental Exchange Futures (ICE Futures) and New York Mercantile Exchange (NYMEX) the official prices of oil futures of the nearest month of delivery have accordingly made (London):
- IPE Brent Crude – $75.01 (+1.01) for barrel;
- Light Sweet Crude Oil – $74.54 (+0.60) for barrel.

The Securities and Exchange Commission of the USA is measured to toughen requirements to the financial reporting given by the companies. In particular, the companies will be obliged to give full data on the sizes of indemnifications received by their top management. Besides the commission will demand from the companies precisely to define and inform concrete terms of carrying out of auctions and time of validity of offers under those or other transactions. Associated Press informs about it.

Visa USA, MasterCard Inc. and Diners Club have agreed to pay in total 336 million dollars under the claim for overestimate of cost of converting of currencies and concealment of cost of services at service of electronic credit cards. As representatives of American law firms Berger & Montague PC and Lerach, Coughlin, Stoia, Geller, Rudman & Robbins have informed, the agreement on pre-judicial payment of indemnifications should be approved by one of courts of New York. On conditions of the agreement, money will go on payment of indemnifications to owners of credit cards and on a covering of a legal costs, Associated Press informs.

Japanese motor-car manufacturer Honda Motor Co. plans to begin manufacture of planes. As Associated Press informs referring to anonymous sources in the company, reception of orders will begin already in the end of 2006. Earlier some American mass-media have published the information that Honda is going to debut in the market small business-planes. Representatives of the company yet do not give official comments in occasion of these messages. We shall remind, that development compact business-planes Honda has started still in 1986, using the engines given by other manufacturers. In December 2003 Honda Motor Co. has successfully finished tests HondaJet - the new experimental plane of a business class. HondaJet, equipped by turbofan engines Honda HF118, represents the first developed Honda the plane (the occupancy is 4-8 person), on whom the engines created by the company are established.

The prices for oil</a> futures on July, 25th have noticeably decreased. If in the morning price showing exceeded a mark $75 for barrel, to evening the prices under transactions have again returned on a level $73 for barrel. Results of the trades at stock exchanges contracts of the nearest month of delivery on July, 25th have made:
- in New York on New York Mercantile Exchange (NYMEX) the official price of future Light, Sweet Crude Oil (September) has fallen to 1 dollars of 30 cents (-1,7 %) and was established on a mark $73.75 for barrel (the lowest price of closing for a week) at the prices under transactions for session $73.55-75.78 for barrel;
- in London on InterContinental Exchange Futures (ICE Futures) the official price of future IPE e-Brent Crude Futures Electronic (September) has fallen off on 1 dollars 33 cents (-1,8 %) and was established on a mark $73.28 for barrel (the lowest official parameter more than for two weeks) at the prices under transactions for session $73.10-75.41 for barrel.
High Volatility under transactions at the trades on July, 25th it has been caused by expected development of a situation in the Near East. On the one hand, continuation of a confrontation and threat of its distribution on the countries next to Lebanon pushed oil quotations upwards. On the other hand, across the Near East and firm intentions of the Arabian countries to accept drastic measures for cease-fire in Lebanon formed international meeting forthcoming on July, 26th in Rome in the market of that expectation that the conflict in region joint efforts will manage to be extinguished. The prices for oil have gone down after the state the Secretary of State of the USA Condoleezza Rice has suggested entering into Lebanon the international forces.
Futures for gasoline and residual oil on NYMEX on July, 25th have gone down within the limits of 1.5 %. During first half of day the steady rise in prices on gasoline and residual oil was observed, that technically supported growth of oil quotations. The prices for petroleum products grew because of expectations of reduction of their deliveries to a home market of the USA. We shall remind that in connection with a stop of manufacture on several oil refineries in the USA oil refining in the country has decreased approximately on 500 thousand barrel per day. The rise in prices on gasoline also was promoted by expectations of falling since August on the following of 5-7 months of its import Venezuela - the country which is the main external supplier of gasoline in the USA. Deliveries of gasoline from Venezuela since August can essentially be reduced in connection with carrying out after a fire of repair work on the world’s largest oil refining complex Amuay-Cordon (throughput - the order 940 thousand barrel per day). At the same time the rise in prices on petroleum products, first of all gasoline, on July, 25th has been complicated in connection with the high prices of the retail market. We shall remind, that retail prices for gasoline in the USA have already exceeded a mark of $3 for gallon and now concede to the absolute record very little.
The high prices for gasoline, participants of the market consider, can become the reason of decrease in consumption of automobile fuel.
Decrease in the end of day of petrol quotations also was promoted by expectations of the publication of the weekly report of the Ministry of power of the USA forthcoming on July, 26th about a condition in the country of stocks of crude oil and petroleum products.

Adjusting bodies of the European Union (EU) have approved merge of manufacturers of the telecommunication equipment - French Alcatel SA and American Lucent Technologies Inc., Associated Press informs.
The federal trading commission of the USA has passed the positive decision concerning the given transaction in June 2006. Alcatel SA and Lucent Technologies Inc. have made a decision on merge in the beginning of April of current year. The proceeds of the incorporated company, by calculations, will reach 21 billion euro (26.5 billion dollars) a year.
In management Alcatel-Lucent representatives of two companies will be presented in an equal parity. The head of the incorporated company becomes present Lucent’s executive director Patrisija Russo. Alcatel’s chairman and the main executive director Serge Tchuruk now becomes chairman of board of directors Alcatel-Lucent without executive powers. Both companies plan to finish the transaction up to the end 2006.

Yesterday I spoke with my friend who speculates at Forex. I’ve asked him give me several good advices that I can follow.
In this post I have made attempt to generalize his numerous answers in this occasion. At once I wish to make a reservation, that if someone will consider necessary to criticize or argue, it will be only welcomed.
So, let’s move under the order:
1. A choice of strategy.
It will be not necessary to be scattered on studying of all techniques which come across to you, and after acquaintance with several techniques stop only on one and study it as it is possible more in detail.
Yes, for the beginning it is necessary to master only one technique, one reception and if it to turn out, the success in your trade will take place.
Ultimate goal of our stay in the market is reception of profits, instead of research of various strategies
To be defined, what to choose for the beginning happens difficultly enough, therefore choose, that is better clearly and simply in recurrence (realization).
Is better, for the beginning to use strategy of following for trend - they are more simple and are clear in realization.
2. It is necessary to learn to wait.
In trade we not always realize it with our initially limited arsenal of receptions and we aspire at convenient, inconvenient in general any case to hold a position, in hope to receive profits. The real greater movements in the market happens not so much here again first of all certainly it is necessary to catch them, then to receive profits. And if you have received profit it is necessary not to lose it. For this purpose it is necessary to choose the successful moment, i.e. easy and not hurrying up to define the situation in which you can apply your strategy and only after that to enter into the market.
Needless to say that such moments can take place not every day and consequently probably most difficult it patiently to wait.
3. It is necessary never to catch up with a situation.
It happens that you see on the monitor, that the market has moved without you. It is insulting and annoyingly, for non-realized opportunities. But here is better to have patience and wait a following opportunity. Otherwise you risk joining movement on its most peaks, to receive recoil and accordingly losses.
4. Now about losses.
With them it is necessary to be defined at once, i.e. to define which stop-loss you expose at once at opening a position.
You begin a demo-account with that sum with which will start to work in real. Do not take a great interest in greater stops, find “golden mean”. Too small stops will work is more often, and too it will be more difficult to compensate greater, in the general result and on another it is possible to lose the deposit. Therefore stops should be in each case should be proved.
The attitude to losses if they have been planned should not be negative, is better to perceive it as the next occasion for reflections and improvements of the methods.
5. Be especially intent after greater successes.
More often after the big success greater mistakes turn out very often. The trader tries to repeat the success - but the situation any more has no, all is mistaken, tries to recoup quickly… in general successes are brought to nothing, and is even worse if to losses. If feel uncertainty after the received big profit, wait this moment is better. Emotions overflow you, and in trade they only stir.
6. When you in the beginning of a way never count on money received on Forex - nothing to turn out.
In this case it is additional emotional loading which will prevent to make only correct trading decisions. It is necessary to be very much and very quiet trading on the market, for example as a boa. Therefore firstly you should have an additional source of earnings on which you can eat and drink, and also periodically fill up the deposit - yet do not learn
7. Rest.
Rest is an integral part of activity of the trader, especially on becoming. If you consider that it only in vain spent time, it not so. By the experience my friend can tell that many interesting and serious decisions to him came just at that time when he had a rest - on holidays, in the country, on the journey, etc., or after rest, i.e. ‘with a clear head’. Therefore rest as well as work is necessary for planning, too.
8. The attitude.
Think about trade as a serious work, as well as in any work where application of special knowledge is required. First of all it is necessary to seize this knowledge. Receive special skills and only after that start to work. Do not transform the activity on Forex into hazardous entertainment

History of the Frankfurt stock exchange begins with the occurrence of medieval fairs. In the middle of 9 centuries king the Louis has given the preferable right to Frankfurt to spend annual autumn fairs. With 1330 when king the Louis IV Bavarian has expanded advantage and has resolved annual spring fairs, the city became the major center of trading and monetary operations.
Already in the beginning of 16 century, owing to the well-known fairs, Frankfurt becomes so prospering, that German monk Martin Luther names city “a silver and gold chink” of German empire.
As a result of flight to Frankfurt of Dutch and French dealers hided from prosecution because of their Protestant belief, in 16 century mass trade and bank sector are established in Frankfurt. Merchants from all parts of the Europe came to Frankfurt to borrow in trade.
Because of that neither in the Europe, nor in the German empire there was no uniform currency, the various countries have been shattered into numerous small economic regions, in each of which there was a monetary unit, realization of payments was the extremely difficult. Abundance of means of the payment, the unregulated exchange rate promoted development of swindle and usury. In 1585 the Frankfurt merchants have agreed about use of the fixed exchange rates of various monetary units. This date is considered the moment of a birth of the Frankfurt stock exchange. With 1585 during each fair the group of merchants periodically gathered for updating uniform and obligatory exchange rates of various monetary units. The first official list of exchange rates has appeared in 1625 the oldest list of exchange rates of the Frankfurt stock exchange, kept up to now, concerns to 1721.
First meetings of merchants were spent on the area in front of the Frankfurt town hall. And only in 1694/1695 there was a first building of a stock exchange in Frankfurt (Großer Braunfels) - the most significant and spacious building of city.
In 1682 have been put into operation the first necessary rules and norms of a stock exchange, the organizational structure of the Frankfurt stock exchange has been generated.
Down to the end of 18 centuries at a stock exchange traded exclusively in coins and bills. Only in the end 18 century begin periodic trade in bonds.
In 1707 at the next assembly the management of a stock exchange has officially approved trading agents - representatives of merchants. In 1808 the Chamber of commerce has been organized. The Frankfurt stock exchange created approximately 223 years ago as private association of businessmen, has turned to public establishment, already in first half of 19 centuries having passed in submission of the Chamber of commerce.
In the middle of 19 centuries the new prestigious building of a stock exchange under the project of the known architect in Frankfurt Friedrich Peiper, located near church St Paul’s Church has been constructed, it was opened in 1843.
Industrial revolution in Germany favored to development of financing of expensive projects through issue of stocks. The first quotation of the stocks is dated 1820 though as a whole the basic place of trade in 19 century was borrowed exclusively with bonds. In comparison with the largest European stock exchanges, the Frankfurt stock exchange treated coldly enough trade in stocks of numerous known corporations. In 1850 the Frankfurt stock exchange was generated as the center of trade mainly by the state bonds and the state interest bearing securities.
The new building of the Frankfurt stock exchange has been arisen in 1879. Construction has been carried out under projects of known architects of Frankfurt - Heinrich Burnitz and Oskar Sommer. Perhaps, this construction was the most successful - functionality of a stock exchange was perfectly combined with its prestige. Besides a new building of the Frankfurt stock exchange.
After unification of Germany in 1871 the Berlin stock exchange began to play the central role in the share market. It became the center of trade of the period when only in Prussia for the period with 1870 on 1974 there were 857 joint-stock companies. And by the end of a century in the country already 29 stock exchanges operated. Despite of it Frankfurt had an opportunity to defend the rights as the center of exchange trade.
In the end of 19 centuries for Frankfurt there was an absolute necessity of adaptation to a general economic situation in the country. With the purpose to keep the prestige of economic capital Frankfurt has changed the policy and has increased trade in stocks. This aspiration of Frankfurt to creation of the present stock exchange has collided with prevalence of the Berlin stock exchange.
The First World War and its consequences have delivered the hardest blow on the Frankfurt stock exchange. Foreign stocks and bonds were sold out to German investors because of fear of aggression from the oppositional states, free money resources were put only in the state bonds. By the end of war all foreign securities have disappeared from German quoted lists, as a result of it Frankfurt has lost the status of the international stock exchange. By the end of war all the international contacts of the Frankfurt stock exchange have been broken off and began to be restored only in 20th years. The short period of stability and well-being was replaced in 1929 by crisis. Economic crisis was and earlier. Same it has appeared unique on depth of falling of manufacture, on scales of scope of economic and on duration. The reason for that is in frustration of economic after the First World War. Fragile was a German economy. In 1931 German stock exchanges have been compelled to stop the functioning temporarily.
Fascist movement has arisen in Germany after the First World War. The German fascism differed extreme nationalism and racism. Fast growth of fascism fell to years of an economic crisis. The economy has been transformed. The state began to adjust it to accelerate an output from crisis and to create a powerful war industry. It has established the control over the prices, wages, has subordinated businessmen to the state bodies. Fascists aspired to establish the control over stock exchanges of some the states. The Frankfurt stock exchange in 1935 has merged with Mannheim Stock Exchange, then having absorbed Rhine - Main Stock Exchange. Frankfurt stock exchange, functioning as “an internal stock exchange”, in essence was not of great importance and did not carry out the major functions. The Nazi economic policy braked development of the free share market.
In 1944 has begun the final stage of the Second World War. The building of the Frankfurt stock exchange has been strongly damaged during an air strike. Meetings of stockbrokers now could be spent only in cellars of a building. After crash of a fascist mode in 1945 the Frankfurt stock exchange remained closed. However in September, 1945 the Frankfurt stock exchange, first of the German stock exchanges, has opened again.
As a result of currency reform 1948 and growing strengthening of the German economy the Frankfurt stock exchange gradually has found the former importance and played the leading part in Germany. After lead in 1992 the Frankfurt stock exchange became connected by reorganization directly not with Commercial and industrial chamber, and with joint-stock company the German stock exchange.
The German stock exchange represents joint-stock company, 81 % of actions belong to banks, 10 % - to regional stock exchanges, 9 % - to brokers. The German stock exchange runs the Frankfurt stock exchange and the German stock exchange of urgent contracts - Eurex. To this joint-stock company belong and are its branches the depositary-clearing system, information system and the Society of assistance to development of stock exchanges in Central and the East Europe.
In May 2000 there was a sensational merge of the London stock exchange to German stock exchange, to formation of a new interethnic stock exchange iX. A trading platform of a new stock exchange became German computer system XETRA. Incorporated stock exchange International Exchanges, or iX, becomes the largest share market in the Europe and serious counterbalance to Wall-Street.