Word: analysts
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...Prague Stock Exchange's PX 50 index tumbled by 5.8%, the second biggest loss in its history; the Czech press dubbed it "black Wednesday." Budapest dropped by 5.45%, while Bratislava and Warsaw fell by more than 2%. By week's end, the bourses closed up to 9.4% lower. Analysts say standard profit-taking was responsible, but perhaps it was a bubble - inflated by post-accession optimism and rising regional economies - that needed to burst. "I think it was a classic case of overheating the market," says Artur Szeski, an equity analyst at CDM Pekao in Warsaw. "Right now the valuations...
This afternoon, PTC analyst Kristine Looney is sitting in her cubicle, whose bookshelf holds volumes by Ann Coulter and G. Gordon Liddy. Headphones over her ears, hand on the remote, she is watching the March 13 episode of Crossing Jordan. Suddenly, she hits the pause button. Why? "'Damn,'" she says. "And also they were talking about drugs." Looney, 25, transcribes the quote--"Damn. The second suitcase is still out there"--and it goes into the Entertainment Tracking System (ETS), the PTC's database on more than 100,000 hours of programming. "We track even those minor swears," says Looney...
...iPod started shipping a new chip last week that consumes less power?meaning that iPod's bugbear, its mediocre battery life, may soon be banished. Advantage Apple. "There's a gap between understanding what users want and being able to provide it," says Susan Kevorkian, a senior research analyst at market-research firm International Data Corp. Apple's main edge, she says, is the iPod's sophisticated software and "deceptively simple" user interface...
...will hold hearings this week to determine whether the Pentagon was justified in setting the contract, known as Future Combat Systems, outside the normal procurement process. "The type of contracting leaves the government extremely vulnerable because there is no transparency or taxpayer protection," says Eric Miller, the senior defense analyst at the Project on Government Oversight, a Washington watchdog group. "It is ripe for abuse and often misused." A Pentagon representative said the program is being properly monitored...
...Islamic factions have carried the day, though without the huge margins many had predicted, and there is some evidence that moderate voters may be more numerous as the balloting continues. Risky as the outcome may be if elections are expanded, "the process is unstoppable," says a foreign analyst in Riyadh. "But so far, this is a very marginal thing, not a surrender of power...