4 times the value of its acquisition of two years

Oracle troops may be unable to sell the Eskimo Snow and sand to the Saudis, as in credited them yesterday an American analyst, they have in any case well sold their results to the market. Investors are indeed shown very satisfied with performance higher than they expected. The increase of 8 of the income of maintenance has rightly supported them in their belief that the companies are now based on a solid base of recurring revenues. Every dollar command recorded the previous year in generated two the following year in miscellaneous. The 13 fall in sales of new licences on the other hand is a less smiling omen. Larry Ellison, the happy owner of the "Rising Sun", one of the most beautiful yachts in the world, do yet not led them by boat. With its operating margin at record level of 51, he showed that he knew the most dangerous waters to navigate. Its quarterly profit of 38 cents per share would have been 5 cents higher if he had had to receive 1,000,0000 unfavourable exchange. In regatta it rivals with SAP, his German rival, it also gained some market share. And their titles remained edge to edge for a year, three or over five years, the shareholders who have chosen the starry banner largely prevail.

The color of broccoli

Associated with Dole, the first seller of fruit and vegetables in the world, Monsanto, which is the first seed, is preparing a new recipe. Their cauliflower, their salads, their broccoli and their spinach will be more colourful, more tasty and patienteront longer on shelves. They will be a word more "desirable". Unfortunately, the quarterly results of the King of GMOs are much less. Competition China has hardened its sales of herbicides, the agrochemist which will have to harvest 4 of its workforce accuses a 14 fall in its net income for the third quarter of its fiscal year. But is this tree should not hide opportunities field which opens before him, those that offers a world where a growing number of mouths to feed will have to draw the maximum yield of agricultural areas in decline. The underperformance of the Round Up, its star herbicide, temporarily poor his cash. It does not empty as its pipeline of the fruits of a biotech research the next are expected in 2010, year from which they come and go at a pace accelerated. By paying more title 18 times its profits, investors are wrong not valuing this fertility, which would justify rather a multiple of the order of 25, if one refers to historically recognized minimum capitalization in its activity of seed only.

Pandora box

It does not stop a galloping horse, at least not without case sensitivity. The shareholders of Kesa Electricals, number two British distribution to home appliances, make hard experience with the reduction of two thirds of their dividend this year. Launched since a little more than four years in an international offensive, the mother House of Darty still hesitate between the flange and the spur despite a consumer who has transplanted the nose last month on both sides of the channel. It strongly supported the accelerator by strengthening its investments on the fiscal year ended late April, then as his mattress 18 of cash was divided by six. But it also seriously activated brake by closing a third of its Spanish stores. A the origin of its first annual loss since his release from the fold of Kingfisher, his Iberian incursion won to erase 1.4 times the value of its acquisition of two years. As to the initiatives of Darty abroad and in telephony with its Box, they opened a Pandora's box leaving escape loss representing three quarters of the fall of the dividend. It took the glasses very pink in the City to make climbing the title three times and a half faster than the market, while it had penalised six months ago the Spanish failure of a 13.5 fall in the action in a single session.