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| Portugese Flag |
Portugal bailout deal finalized Prime Minister Jose Socrates said. According to the detail of the deal, Portugal will get 78 billion Euro 3-year bail out from European Union and IMF. Portugal will be the third country after Greece and Ireland to get bailed out.
As General election is looming on June 5, winner will implement the bail out. Last month, government collapse push up borrowing rates and force Lisbon to seek a bail out.
"The government has obtained a good deal. This is a deal that defends Portugal," said Socrates, who had resisted asking for a bailout for months. The terms would be less onerous than those set for Greece and Ireland, he added.
Any of the bailout terms that need parliamentary approval will have to be passed after the election.
He said the deadline for meeting budget deficit goals will be extended, with this year's target raised to 5.9 percent of gross domestic product from 4.6 percent previously. The deficit must be cut to 4.5 percent of GDP in 2012 and 3 percent in 2013.
In a reminder of the challenges Portugal faces in selling debt, it will hold a treasury bill auction on Wednesday to issue up to 1 billion euros of 3-month bills.
"We don't expect a buyers' strike at this T-bill auction, which should target the same risk-tolerant investors who bought T-bills last month, already after the bailout request," said David Schnautz, a debt strategist at Commerzbank in London.
The interest rate on Portugal's bailout loan is expected to be set at a meeting of eurozone finance ministers in mid-May.
Portuguese agreement to the loan terms is needed by June 15, when Lisbon needs to redeem 4.9 billion euros of bonds.
"We have said from the beginning that it is important that any program should have broad cross-party support and will continue our engagement with the opposition parties to establish that this is the case," European Commission spokesman Amadeu Altafaj said in a statement.
Officials from the European Commission, the International Monetary Fund and the European Central Bank have been in Lisbon for almost a month to hammer out the agreement.
The general election campaign that will now get under way is likely to focus on who is to blame for the country's economic crisis.
This is rocking
BRGENERGY
(Last closed 535)
Selling pressure can come 537-540
Your Stop loss 542 (Don't hold your long above 541)
Watch 530
After breaking above level…free fall Intraday target 516-521
Selling pressure can come 537-540
Your Stop loss 542 (Don't hold your long above 541)
Watch 530
After breaking above level…free fall Intraday target 516-521
.
__,_._,___
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| Google Inc |
How can a small startup turns in to next Google or Apple Inc.
Disruption is an enticing and popular buzzword these days.
Every year, number of start up coming out and eventually shuts down, as they hoping their Quixotic efforts will change the current industry operations. Most of them fail, often because they're either ignorant to several realities or choose to simply ignore them.
The truth is: Bringing about disruption is incredibly hard. And it takes an especially driven type of entrepreneur, a lot of money and even more luck and the ability to clear some pretty big hurdles.
"You have to have an appetite for high risk/high reward," says Jason Cohen, an angel investor and the founder of Smart Bear Software, which developed some of the first tools for software peer code review.
"There's no 'lower our risk' when you're doing something disruptive. You may think all entrepreneurs think like that, but it's not true at all. It's not that they're not risky, but ... if you have a small company with 10 people that's profitable and growing a little bit each year, it can go on forever. [To be disruptive] you have to say, I know there's 90 percent chance this is going to blow up, but I don't care. I want to do it anyway."
In fact, true disruption—something that produces such a large shift that long established companies are displaced—is exceedingly rare. Instead, companies more frequently iterate existing technologies in a substantial way, then continue to stay slightly ahead of the competition they surpassed.
Google, in some ways, personifies this. The company was far from the first major search engine. (Yahoo had been established three years earlier and was thriving.) But Google's algorithm and monetization methods moved the industry forward tremendously and it has since kept innovating and expanding into other fields, giving it the reputation of a disruptive giant.
Real disruption costs money—and a lot of it. Small shops hoping to make an impact won't last long, given the enormity of change they're trying to bring about. And unless an entrepreneur is well connected, the efforts are unlikely to succeed.
"You inherit the same problems that every startup has," says Cohen. "You still have to have people find out who you are. You still need to find a pain to solve or a pleasure for people to indulge in. But it's worse, because you're also going up against established companies.
Convincing people of the benefits of disruption is one of the biggest hurdles. Humans are creatures of habit—and once we get settled into one way of doing things, it's often hard to dislodge us. (For example, one of the chief reasons AOL [AOL 20.40 -0.33 (-1.59%) ] was able to survive its own slow transition to the broadband world was because millions of people had been using the service for their email for years.) To do so, there needs to be a recognized or unrecognized pain point of significance.
Even when a company can convince users to make a switch, it faces an even bigger hurdle with gatekeepers, if that disruption should have business implications. Few groups dig their heels in further than corporate IT departments when the suggestion is made to make a dramatic shift in equipment or software.
The reason is simple: Those shifts don't always work well with other critical parts of the company's infrastructure. And any long-term gain likely comes with some pretty severe short-term pain.
"[Companies often] like to follow buzzwords and don't know what that really means for their business," says Wesley D. Radcliffe, an IT employee at Rustybrick, Inc., a small PHP shop in Suffern, NY. "Did they do research and think that this is going to solve a problem or actually promote growth? Far too often is the Dilbert-style [thinking of] 'We have to switch to X because it is so hot right now'."
( CNBC )
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| Reserve Bank of India |
Inflation worries and bold RBI move ( raised 50 basis points interest rate on tuesday above expectations )to tame it, will compromise GDP growth of India Inc to below 8 % according to a report from an analyst. As Reserve bank of India has already raised interest rate more than 200 basis points over the past one year
Robert Prior-Wandesforde, Director of non-Japan Asia Economics at Credit Suisse, says “It’s just an awful macro combination for India right now.” which expect Indian Economic Growth to slow 7.5 % this year from 8.6 % last year, which put a scale lower than what RBI ( 8% ) and Government (9 % ) projections for current year.
High Inflation, slowing capex investment and rising interest rates are eating in to India’s growth story.
Industrial output growth slowed to 3.6 percent in February from 3.9 percent in January. Inflation accelerated to 9 percent in March from 8.3 percent in February and the RBI said Tuesday that corporations are concerned about sluggish demand ahead.
“There are definitely challenges to continue the growth of the economy in the current year,” says Jigar Shah, Senior Vice President and Head of Research at Kim Eng India, a Mumbai-based brokerage.
War on Inflation
While the RBI has been raising rates regularly to deal with inflation, the battle is far from won. According to Prior-Wandesforde, it takes about 12 to 18 months for the rate hikes to take effect. Therefore this year will see the cooling effect from the buildup of previous tightening measures.
According to Vishnu Varathan, Asia Economist from Capital Economics, the RBI is expected to raise interest rates at least one more time before the end of the year - even though it said Tuesday after its policy meeting that it was seeing a deterioration in the availability of finance and working capital requirements and the cost of external finance was rising.
“The real cause of concern is that underlying inflation is also rising,” says Varathan. India’s March core inflation rose 7.1 percent versus 6 percent in February.
“The main worry, especially from a policy standpoint, is that inflation is not purely a supply side phenomenon. Along with rising core inflation, non-food manufacturing inflation has also picked up significantly,” says Varathan.
Worsening Investor Sentiment
Falling investor confidence is also reflected in the Indian equity market, which has been the worst performer in Asia this year. The benchmark Bombay Sensex has lost about one tenth of its value since the beginning of this year, worse than the Japan market, which suffered from a major earthquake in March.
“I can’t argue against the fact that sentiment towards Indian equities is poor,” says Sarah Lien, Senior Research Analyst from Russell Investments. The company surveys investor sentiment by interviewing money managers.
However, Lien noticed some improvement in the sentiment. “Many money managers that we speak to are warming up to this market again on the belief that bad news and bad sentiment have been factored into stock prices. They are using this as an entry point to invest back in India, but selectively.” Lien says.
The Indian equity market saw a net inflow of $1.5 billion from financial institutional investors in March, after negative FII flows in January and February.
Yet many still believe the market will need to consolidate before bouncing back again. “[Tuesday’s] rate hike means the worst is not over yet,” says Credit Suisse’s Prior-Wandesforde.
( Source CNBC )
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| Glu Mobile Inc ( NASDAQ:GLUU) |
Glu Mobile Inc. Issues Q2 2011 Guidance Below Analysts' Estimates but stock popped 10 % in after hour trade, Is it real or just a fluke?
Glu Mobile Inc. announced that for the second quarter of 2011, it expects non-GAAP revenue to be between $15.0 million and $16.5 million, non-GAAP operating loss to be between $(1.3) million and $(2.5) million, non-GAAP net loss to be between $(1.9) million and $(3.1) million, or a net loss of $(0.04) to $(0.06) per basic share, which excludes $0.7 million for amortization of intangibles and approximately $0.6 million of anticipated stock-based compensation expense. According to Reuters Estimates, analysts on an average were expecting the Company to report revenues of $13.4 million, EBIT of $(4.51) million, net income of $(3.64) million and EPS of $(0.07) for the second quarter of 2011.( Reuters)
Edelweiss Research has put this report out about Indian Pharmaceutical Sector and its analysis.1 of 1 File(s)
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| Green Mountain Coffee Brewers |
Green Mountain Coffee Roasters ( NASDAQ:GMCR ), stock of the company jumped 19% in after hour trade after company has announced 2 key developments regarding quarterly earnings and guidance and shares offering.
1) Company has raised FY 2011 guidance and issued Q3 guidance inline with analyst's expectations:
(Reuters) Green Mountain Coffee Roasters, Inc. revised guidance for fiscal 2011 and expects total consolidated net sales growth of 82% to 87%, up from previous guidance range of 75% to 80%. The Company increased its fiscal 2011 non-GAAP earnings per diluted share (EPS) range to $1.43 to $1.50 per diluted share from $1.19 to $1.29 per share, excluding any acquisition-related transaction expenses; legal and accounting expenses related to the SEC inquiry, the Company's internal investigation and pending litigation; amortization of identifiable intangibles related to the Company's acquisitions; deferred financing costs; and, foreign exchange impact of hedging the risk associated with the Canadian dollar purchase price of the Van Houtte acquisition. For the third quarter of 2011, it expects total consolidated net sales growth of 90% to 95%, non-GAAP earnings per share (EPS) to be in the range of $0.34-$0.38 per diluted share excluding any acquisition-related transaction expenses; legal and accounting expenses related to the SEC inquiry, the Company's internal investigation and pending litigation; deferred financing costs; and, amortization of identifiable intangibles related to the Company's acquisitions. The Company reported revenue of $1.356 billion in fiscal 2010. According to Reuters Estimates, analysts are expecting the Company to report revenue of $2.45 billion for fiscal 2011; revenue of $587 million and EPS of $0.32 for third quarter of 2011.
2) Company has announced common stock offering:
( Reuters) Green Mountain Coffee Roasters, Inc. announced that it plans to offer an aggregate of 7,100,000 shares of its common stock in an underwritten public offering. Certain stockholders also plan to offer an aggregate of 403,883 shares of common stock in the offering. The Company also plans to grant the underwriters a 30 day option to purchase up to 1,125,582 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch is serving as sole book-running manager of the offering. The Company intends to use the net proceeds from the offering to repay outstanding debt under its credit facility and for general corporate purposes.
Geronimo was a christian, a beaten warrior, a prisoner of war and a Christian and died 102 years ago in Oklahoma. How is he related to Osama Bin Laden?
US military chose his name Geronimo as a code for the raid and perhaps for the operation of Osama Bin Laden which transmitted message Geronimo EKIA ” Geronimo, Enemy Killed in Action."
what a call !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
On 5/3/11, The Guru <blackcards101@yahoo.com> wrote:
> BRGENERGY
> (Last closed 535)
>
> Selling pressure can come 537-540
> Your Stop loss 542 (Don't hold your long above 541)
>
> Watch 530
> After breaking above level…free fall Intraday target 516-521
From the author:
This month we take a closer look at oil and reach what many of our readers will probabaly find a surprising conclusion:
We believe that we are approaching the end of the oil era and that oil prices will undergo a substantial correction over the next several years.
But we cannot be very precise on timing, as there are too many variables at this stage.
Our conclusion is based on 3 observations:
1. Many commodity investors willl ultimately be disappointed by the lack of diversification this asset class offers.
2. The government has effectively declared war on commodity speculators, and the area will become subject to a lot more scrutiny and regulation in the years to come.
3. A number of new alternative energy forms are in much more advanced development than many investors realise.
Enjoy the read!
