Tokyo, Oct . 23 ( Bloomberg )-General Motors Corp .'s Delphi parts unit said it expects " more normal profits " in the fourth quarter, after third-quarter earnings that were far below analysts'expectations.
42.
"It was normal profit taking after the lofty levels during the day, " said Alfred E . Goldman, vice president, A . G . Edwards and Sons Inc . in St . Louis.
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Other tech stocks were also weak, but it was difficult to know how much to attribute to the bad news and how much to attribute to normal profit-taking after the Nasdaq's three-day runup.
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Joseph Schumpeter claimed that the " excess profits ", or profits over normal profit, generated by the copyright or patent monopoly will attract competitors that will make technological innovations and thereby end the monopoly.
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Microsoft wa, s down $ 1 . 25 at $ 59 . 75, but it was difficult to tell whether the declines were related to Dell or normal profit-taking after a strong run last week.
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"You're going to see some normal profit-taking after the party we saw on Friday, " said Alfred E . Goldman, director of market analysis at A . G . Edwards & Sons in St . Louis.
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When this cannot be used, two alternatives are available the price charged by the exporter in another country, or a calculation based on the combination of the exporter s production costs, other expenses and normal profit margins.
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"You're going to see some normal profit-taking after the party we saw on Friday, " said Alfred E . Goldman, director of market analysis at A . G . Edwards & AMP; Sons in St . Louis.
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It does appear, in hindsight, that what Salon ascribed to an unholy collusion between the federal government and the TV networks actually sprang from a long-standing network policy of mixing normal profit with a dollop of public service.
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"Gateway and Alcoa's earnings were disappointing, so that's leaning on the market, " said Alfred E . Goldman, chief market strategist at A . G . Edwards & amp; Sons Inc . " But mostly, you're getting some normal profit-taking ."
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