Bertoni: “Some buy opportunity after the descent”

The macroeconomic data are improving but the recovery may be slower than expected. This is the view of Karim Bertoni, an at Banque Syz & Co. in Geneva. “The recovery will translate into an improvement in the profits of but you have to wait and see the range of movement,” said Bertoni, “In general, however, the descent of the last few sessions has resulted in buy some opportunity to be evaluated according to the industry and fundamentals of . The descent in fact affected more or less all securities without fundamental reasons. It was more like a situation of panic selling. ” But then how to ? “Search for the interesting titles on the fundamentals,” he continues Bertoni, “including in the hi-tech. And ‘the case of Logitech, a Swiss that makes keyboards and mice for PC and steering wheels for the Playstation. Logitech has a good spread of products with prices quite content. For this series of reasons despite the crisis the of the Swiss has not decreased. Indeed. Growth rates are still high, so the title is to watch. Even pharmaceuticals have lost much, but groups like Novartis, which is among other things, the second largest producer of generic drugs in the world, remains an attractive . “

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Jun ‘Tim, the new lowest level since ‘98

Do not stop selling the led by Marco De Benedetti. After the terrible final session yesterday, losing to Tim 1, 87% with the title changing hands at 4.25 , levels not seen since early 1998. Rumor has a known was downgraded heavily the title.

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Guaschetti “Astaldi and ‘good society’”

Waiting for the debut of Astaldi, the first true freshman in 2002 as in the case of Actelios it was a spin off from CMI and in the case of Antonveneta but it was the transfer of shares from the Third to the Main List. “Astaldi is a good ,” says Alessandro Guaschetti, director of profile, “The group certainly will benefit the public works that the government should set up”.

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GlaxoSmithKline and ‘equal-weight for M. Stanley

Analysts at Morgan Stanley express an opinion on GlaxoSmithKline particularly cautious in light of recent patent implications Augmentin. The offered by the American is equal-weight, with u fair value of 1,600 pence. The title now switches to share 1451 pence, down 1, 4%.

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CSFB raises target price of Brent for the biennium 2002-03

Suisse First Boston raised its forecasts on prices, given the greater likelihood that OPEC production cuts to keep the entire second half of 2002. The Swiss has brought its estimate on the price of Brent in 2002 to $ 23, while its forecasts for 2003 have been raised to $ 20 per barrel / Brent.

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Grindle: “Upgrade Tim, has room to climb”

Albertini Dresdner has improved the assessment on the title Tim. “My opinion was changed from hold to add,” says Robert Grindle from London, telecoms for Dresdner Albertini, “In support of this change in the of the mobile operator’s strategy and cash flow of the group. I think that the price the title still has room to rise. I glimpse the possibility of acquisitions in the near future, investments cheaply.

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Baresani Varini “eyes on telephone”

The advice of the experts are divided into two opposing currents, on the one hand, the optimists who expect an economic recovery in 2002 and the other preferring instead the cautious move cautiously. Some interesting title still exists. “In a medium-term earthen an eye on the phone,” says Giulio Baresani Varini, director general of Banca Leonardo, “On all the phones in Europe, with particular interest to the Italians.”

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Fiat back on after a week to forget

Good start eighth for Fiat, which marks a progress of 3.36% on the price of 17.74 . Last week the car had left the field in Turin on 9% after disappointing quarterly results announced after several banks had cut estimates and on the .

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Alcatel already decreased significantly

Alcatel, a French active in telecommunications, loses 2.84%, at 59.95 . Weigh on the license data published yesterday by Cisco, American competitor of the French group as well as the world leader in the sector. In contrast to the optimism displayed by Alcatel during the presentation of its results, Cisco has released disappointing data and above expects at best a zero growth of its turnover during the last two quarters of 2000/2001, confirming the slowdown in by telecommunications operators.

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Credit Lyonnais positive for BNL

Positive opinion that the French Lyonnais Securities by the title BNL. Indeed, in view of both the excellent results achieved both the future prospects Lyonnais gave a positive assessment on the Roman that substance in a target price of 4.20 , prices made to mark this moment in Piazza Affari.

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