Archive for the ‘ Finance ’ Category
Hewlett-Packard has agreed to acquire Palm for $1.4 billion in cash, uniting two companies that have failed to make much recent headway in the smartphone business.
H.P. announced its all-cash purchase of Palm just after the financial markets closed on Tuesday, saying it would pay $5.70 a share.
add to that his threat to cut off oil supply..
“Prince seized
King Faisal had bent forward to kiss his nephew but Prince Musaed was reported to have pulled out a pistol and shot him under the chin and then through the ear.
One of the king’s bodyguards hit the prince with his sword, although it was still sheathed.”
BBC NEWS, March 25th 1975
another interesting article about King Faisal on somecontrast
اقول
راحت رجال ترفع الدروازة وجتنه رجال المطنزة والعازة
The Financial crisis has hit the super heroes as well
“Oct. 15 (Bloomberg) – Nokia Oyj, the world’s biggest maker of mobile phones, had its first net loss since the company began reporting quarterly in 1996, hurt by costs related to a joint venture with Siemens AG and weaker demand.
The net loss totaled 559 million euros ($834 million), after a profit of 1.09 billion euros a year earlier.”
Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. 6% drop within the last 3 months is not normal at all.. its like 6% of the Nokia smartphones owners switched to another brand.
sources:
2007 2008
ادنك
اجمالي حقوق المساهمين 29.790.138 57.246.081
*************
مركز مالي
اجمالي حقوق المساهمين 76.727.000 131.236.000
*************
انابيب
اجمالي حقوق المساهمين 43,791,315 86,900,518
*************
اسمنت
اجمالي حقوق المساهمين 133,339,326 302,710,562
*************
ايكاروس
اجمالي حقوق المساهمين 62,478,595 188,279,168
these are just some announcements and i believe we’ll soon see some bankruptcy announcements in the second quarter, if not within the next few days.
In my opinion, if the government did not move to help the companies and admit that the companies are facing real problems and by companies i mean all the other sectors and stop acting as the private sector is only in banking, almanakh crisis would sound like good old days.
“The following items may be kept on your desk, if needed:
Erasers, calculator batteries (and screwdriver for battery replacement), pencil sharpeners (no knives), eyeglasses, earplugs, and wristwatches (analog and digital) are acceptable; however, audible alarms and/or timers must be turned off”
so im not allowed to bring my knife! how can I do the exam without my knife!
مجلس الوزراء يقر مرسوم ضرورة لقانون
تعزيز الوضع الاقتصادي
Kuwaitnews SMS
It took them long time to take this step! as I know this will help all the banks to give more loans out to circulate the huge amount of cash they have now and cant even pay it’s interest by the end of 2009. so we may expect a new large volume wave on the banks with their undervalued prices it’ll sure jump back up.. and again im mentioning the banking sector only. since most of the companies which are not under the supervision of the CBK will not benefit from it unless it accepts all the restrictions that the Central bank and “dewan elmo7asiba” will impose on them.
UPDATE:
مصدر حكومي: قانون تعزيز الاستقرار الاقتصادي لا يتضمن تعديلات “الشعبي”
The problem is we never learn from our mistakes.. here is a pdf file of Alqabas article which was published in 19/11/2008 with the officials announcements back then.. same words different people.
