ВУЗ:
Составители:
Рубрика:
21
Some of this is now showing up on the bottom line. Operating
profits last year increased by 92 %, to SKr338m ($44m), buoyed by
runaway growth in technology-sales income, which accounted for
about 40 % of sales. Return of equity was 22 %. The company's shares,
before the takeover of the SSE, WEre trading on a lofty price/earnings
ratio of 20. In the five years since the beginning of 1993, OM Grup-
pen's share has risen tenfold . Per Larsson, the company's 37-year-old
chief executive, suggests several reasons for OM Gruppen's success. It
ran one of the first exchanges in the world to champion electronic trad-
ing, giving it an early lead in exchange technology. Moreover, right
from the start the company has been owned by shareholders, not by its
trading members, helping it to avoid conflicts of interest. Some ex-
changes that have developed technology in-house have squandered ex-
traordinary sums of money. The Swiss exchange, the Deutsche Borse
and the London Stock Exchange have all built their own systems with
the help of Andersen Consulting. According to one its board members,
Deutsche Borse has spent DM150m developing its new system, Xetra.
London may have spent even more. Mr Larsson does not claim to be
cheap, but other exchange executives say a company like his could
supply an off-the-shelf system for a small fraction of that kind of
money. Tradepoint, a British stock exchange, spent just £9m setting up
an electronic exchange (bought from Canada) with the capacity to han-
dle all the shares traded in Britain.
As for the vanquished Mr Ryden, he still has an ace or two up
his sleeve. As part of the merger agreement, the SSE gets to keep a
fairly independent board. If the board sniffs out any fishy trading in its
parent's stock, it' must report it directly to Sweden’s financial regulator.
1. Vocabulary notes:
1) Omnipresent – вездесущий (получается игра слов:
OMnipresent, где «OM» – часть названия компании)
2) venerable – почтенный, солидный
3) startling – поразительный, ошеломляющий
4) Nordic – скандинавский
5) settlement – зд. покрытие задолженности, расплата с кре-
диторами
22
6) diversify – зд. вкладывать деньги в различные предпри-
ятия
7) show up – выявлять (-ся), обнаруживать (-ся)
8) buoy – поддерживать
9) runaway – стремительный, неудержимый
10) lofty – зд. высокий
11) squander – растрачивать, проматывать
12) vanquished – побежденный
13) to have an ace up one’s sleeve – иметь козырь про запас
14) sniff – зд. чуять, подозревать
15) fishy – зд. сомнительный, подозрительный
2. Answer the following questions.
1) The article begins with startling rise of OM Gruppen, one of
the SSE’s listed companies, doesn’t it?
2) Its chief business is designing “transactions technology”
(computer programs for securities trading, communications networks
for “buy”/”sell” orders routing and electronic clearing and settlement
systems) to make markets run more smoothly, isn’t it?
3) OM Gruppen spends a lot to expand its business, doesn’t it?
Give examples.
4) The company’s chief executive Per Larsson suggests several
reasons for OM Gruppen’s success, doesn’t he? Name them.
5) Yet an independent board of the SSE can keep the exchange
trading under its control, can’t it?
3. Give a summary of the text.
Some of this is now showing up on the bottom line. Operating 6) diversify – зд. вкладывать деньги в различные предпри- profits last year increased by 92 %, to SKr338m ($44m), buoyed by ятия runaway growth in technology-sales income, which accounted for 7) show up – выявлять (-ся), обнаруживать (-ся) about 40 % of sales. Return of equity was 22 %. The company's shares, 8) buoy – поддерживать before the takeover of the SSE, WEre trading on a lofty price/earnings 9) runaway – стремительный, неудержимый ratio of 20. In the five years since the beginning of 1993, OM Grup- 10) lofty – зд. высокий pen's share has risen tenfold . Per Larsson, the company's 37-year-old 11) squander – растрачивать, проматывать chief executive, suggests several reasons for OM Gruppen's success. It 12) vanquished – побежденный ran one of the first exchanges in the world to champion electronic trad- 13) to have an ace up one’s sleeve – иметь козырь про запас ing, giving it an early lead in exchange technology. Moreover, right 14) sniff – зд. чуять, подозревать from the start the company has been owned by shareholders, not by its 15) fishy – зд. сомнительный, подозрительный trading members, helping it to avoid conflicts of interest. Some ex- changes that have developed technology in-house have squandered ex- 2. Answer the following questions. traordinary sums of money. The Swiss exchange, the Deutsche Borse 1) The article begins with startling rise of OM Gruppen, one of and the London Stock Exchange have all built their own systems with the SSE’s listed companies, doesn’t it? the help of Andersen Consulting. According to one its board members, 2) Its chief business is designing “transactions technology” Deutsche Borse has spent DM150m developing its new system, Xetra. (computer programs for securities trading, communications networks London may have spent even more. Mr Larsson does not claim to be for “buy”/”sell” orders routing and electronic clearing and settlement cheap, but other exchange executives say a company like his could systems) to make markets run more smoothly, isn’t it? supply an off-the-shelf system for a small fraction of that kind of 3) OM Gruppen spends a lot to expand its business, doesn’t it? money. Tradepoint, a British stock exchange, spent just £9m setting up Give examples. an electronic exchange (bought from Canada) with the capacity to han- 4) The company’s chief executive Per Larsson suggests several dle all the shares traded in Britain. reasons for OM Gruppen’s success, doesn’t he? Name them. As for the vanquished Mr Ryden, he still has an ace or two up 5) Yet an independent board of the SSE can keep the exchange his sleeve. As part of the merger agreement, the SSE gets to keep a trading under its control, can’t it? fairly independent board. If the board sniffs out any fishy trading in its parent's stock, it' must report it directly to Sweden’s financial regulator. 3. Give a summary of the text. 1. Vocabulary notes: 1) Omnipresent – вездесущий (получается игра слов: OMnipresent, где «OM» – часть названия компании) 2) venerable – почтенный, солидный 3) startling – поразительный, ошеломляющий 4) Nordic – скандинавский 5) settlement – зд. покрытие задолженности, расплата с кре- диторами 21 22
Страницы
- « первая
- ‹ предыдущая
- …
- 9
- 10
- 11
- 12
- 13
- …
- следующая ›
- последняя »