Posts Tagged ‘ stocks

Agility vs US case: Agreement reached?

There is an info circulating around regarding agility’s case that it has reached an agreement with the US gov. over a settlement which will be around $600 million that will be paid on 3yrs plus getting back on all the US gov. contracts again.

nothing is confirmed and I couldn’t find any related news neither on reuters nor bloomberg so it might be just a rumor or the deal is not sealed yet.

* UPDATE: another msg claims that the news  we got yesterday is true and it is expected to be announced on sunday morning.

* UPDATE:

تسوية أجيليتي بـ 600 مليون دولار
أحمد فتحي

كشفت مصادر مطلعة لـ ‘الجريدة’ أن شركة المخازن العمومية (أجيليتي) توصلت إلى تسوية مبدئية مع الحكومة الأميركية، تدفع الشركة بموجبها غرامة بقيمة 600 مليون دولار أميركي على مدى ثلاث سنوات مقابل عودة العقود الحكومية الأميركية التي جمدت بعد اكتشاف البنتاغون تلاعباً في أسعار الإمدادات.

وأوضحت المصادر أن هذه التسوية ‘من المتوقع إعلانها خلال يوم أو يومين، وقد تحتوي بعض التعديلات البسيطة، خصوصاً في ما يتعلق بعودة جميع العقود أو الجزء الأكبر منها’.

Aljarida

looks like the BB & iPhone hype had more impact than expected

nokia-bleed-smartphone-prints

“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:

bloomberg, Engadget

Global-Jordan suspended by Court

global

 

Global jordan a subsidiary of Global investment house got a court order to suspend all its operations. No further details disclosed, I think we will know all the story by tomorrow morning.

 

disclosure-globaljordan

Copy of the SEC letter

 

** all the information provided in this post are taken from ChartsandNumbers

Green day

picture-2

there is no reason why it would go up these days all the indicators are horrible, most of the announcement got delayed by the auditors to insure all the information are accurate. which means most of the company wont be able to “redesign” their financials to be shown as good as a new bride as we used to see them. the other government indicators regarding the economic rescue decision got delayed to march by our wonderful parliament. Can’t see where this country is heading to but it cant be any good.

word of the day: LIQUIDATE