That which does not ad ance recedes, Paul Otellini is satis ied. Not matter or him to see Intel to embourgeoiser and simply enticing in estors to shots o di idends and share repurchases. The e erything just paddled is a growth company who intends to remain that. Its latest results bring in this regard a brilliant denied to those who saw more in the Santa Clara company that a Caliph sated belongings to rest on its laurels. Growing mistrust led to a decline o more than 20 o the title since the beginning o the year. They were wrong. In the last three months, the pro ider team 8 computers on 10 in the world still increased pro its by 25 and its sales by 9, a score which should make him cross the bar o the 40 billion o turno er in 2008. The second quarter is traditionally the lowest period and his boss gal anized by the boom in sales o low-cost ultraportables computers does not see any cloud. The good health o Intel sales grow abroad but also to the United States with a strong increase o 9 shows once more the way how the contours o the current crisis are di icult to identi y. As to the gross margin o 58 promised or the next quarter, it shows the persistent appeal o a title which, in twenty- i e years, grew by 2.946. The shareholder it should also ha e memory.
The cruise yellow rit
E en the greatest ha e their weaknesses. Turn Toyota, despite its pole position in the automoti e world, must re iew its sales down goals. Despite its e icient compact cars uel and its rules o management ânonnées in the Sub o co rom around the world, it was atal to the nippon is him also a ected by the crisis. The conjunction o the soaring prices o oil and steel, the relitigation o a way, pollutant transport and the credit crisis could what ha oc. The in oice will be particularly onerous or those who were already weak and were o ten too optimistic to reco er de elopment plans. The all o the European registration will undoubtedly require the manu acturers o the old Continent to heartbreaking re isions. Across the Atlantic, it is the sur i al o General Motors that is at stake. Toyota should maintain its trajectory, but it will be certainly more chaotic. This has not escaped to the market, which has already cut it in a year o 40 o its stock market alue, $ lew 47 billion. Toyota City giant is still 153 billion, three times its weight o twenty- i e years ago. At the time, GM worth 40 billion, se en times more than today ' today!
In bad company
A day o Sun is not enough to sa e a rotten summer. Stock market soaring, yesterday, titles o Delta Air Lines and American Airlines, dri en by less onerous than expected losses, should not be orgotten that the undamental sector completely collapsed and that US companies were the most ragile stone o the building. Protection o Chapter 11, impressi e reduction o costs (murderous or in estments) had enabled them to reco er the pro its. It is likely that the oil shock the pushes again ailing due to lack o cash, new aircra t and appropriate structures. Consolidation which expect all experts is urgent. It should be a change in us rules, which prohibit an alien to hold more than 25 rights to ote o a domestic company, so restructuring can be intercontinental. And no doubt to be e ecti e. Together, the irst our carriers o the irst world market worth $ 5 billion, less than Air rance, single, our times less than three major European.