yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
The Zacks Analyst Blog Highlights: U.S. Bancorp, Goldman Sachs Group, PNC Financial Services Group, Bank of America and Altera

CHICAGO, Dec. 6, 2012 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include U.S. Bancorp (NYSE:USB), Goldman Sachs Group Inc.'s (NYSE:GS), PNC Financial Services Group Inc. (NYSE:PNC), Bank of America Corp. (NYSE:BAC) and Altera Corporation (Nasdaq:ALTR).


Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Wednesday's Analyst Blog:

U.S. Bancorp to Up Repurchase Reserve

U.S.Bancorp (NYSE:USB) plans to boost its mortgage repurchase reserves in the fourth quarter of 2012. The decision comes on the heels of Freddie Mac's increase in its repurchase requests. The company conveyed this information to investors at Goldman Sachs Group Inc.'s (NYSE:GS) financial services conference yesterday, according to a Reuters report.

Government sponsored enterprises (GSEs) such as Freddie Mac and Fannie Mae have already made repurchase demand on mortgages written between 2005 and 2008. However, last Friday, Freddie Mac informed lenders that it would initiate repurchase demands on mortgages generated in 2004.

Therefore, to meet the increased repurchase demands, U.S. Bancorp deemed it fit to beef up its reserve level. It would adversely impact its earnings by one to two cents in the fourth quarter.   
The Back Story

In the aftermath of the real estate market collapse in 2008 and the financial crisis, mortgage and mortgage backed securities occupied a significant share of the entire financial system. In several situations, the legitimacy of the mortgages as well as the documents was questioned. The mortgage originators did not exercise due diligence in several cases and also deliberately defrauded.

When banks sell mortgage-backed securities to investors and GSEs, there is a clause that can force a bank to buyback the securities in the event of fraudulent or faulty underwriting or origination of the underlying mortgage. Therefore, in cases of fraudulent and faulty origination documents, the holder of the mortgage-backed securities demands buybacks from the seller of the security.

In fact, a number of Wall Street Big banks have suffered severe losses for costs associated with such activities. PNC Financial Services Group Inc. (NYSE:PNC) and Bank of America Corp. (NYSE:BAC) too have experienced increased demands for mortgage repurchases from the GSEs.

In Conclusion

Currently, U.S. Bancorp is expected to report earnings of 75 cents per share in the fourth quarter. Though this elevation in repurchase reserve would slightly hurt the company's earnings in the fourth quarter, we believe that given its solid financial position, the company can efficiently handle this mortgage repurchase issue and make adequate reserves.

U.S. Bancorp also boasts an attractive core franchisee and diverse revenue stream that helped it achieve strong performance in the past years. Solid capital position and increase in lending activities augur well. Yet, regulatory issues along with the expectation of a continued low interest rate environment are likely to limit the stock's upside potential in the upcoming quarters.

Currently, U.S. Bancorp shares maintain a Zacks #2 Rank, which translates into a short-term Buy recommendation. As the repurchase issue is expected to impact the company's earnings, downward estimate revisions might surface in the near term and affect the Zacks Rank.

Altera Trims Outlook, Shares Fall

Chipmaker Altera Corporation (Nasdaq:ALTR) recently trimmed its revenue guidance for fourth quarter 2012 and updated its financial guidance for 2013.  

Altera now expects revenue to be 8% to 10% lower than the third-quarter levels, compared to the previous guidance of down 6% to 10%. 

This translates into revenues of $445.5 million$465.3 million, down from the previous estimate of $455.4 million$465.3 million

The solid growth in new products will be more than offset by lower sales of the company's existing products. 

Meanwhile, for 2013, gross margin is targeted around 69% – 70%. Research and Development is estimated at approximately $104 million, driven by increased variable compensation expense and stock-based compensation. SG&A is likely to come around $315 million on the back of variable compensation for bonus, sales commission and stock-based compensation.

Other Income/Expense is projected at $1 million. Tax rate is expected to be 13%. Capital expense is expected to be $65 million

Earlier, Altera reported a net income of $157.5 million or 49 cents per share in the third quarter of 2012, easily beating the Zacks Consensus Estimate of 46 cents per share.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

SOURCE Zacks Investment Research, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
Countless business models have spawned from the IaaS industry – resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. ...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more m...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances ...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required wh...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, di...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delive...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers