Credit Suisse First Boston
FameRank: 3

"Credit Suisse First Boston" (informally "CSFB") was the investment banking division of Credit Suisse Group, prior to 2006. It was active in investment banking, capital markets and financial services.

In 2006, as part of a major rebranding exercise to communicate as an integrated organization - "'Credit Suisse"' to clients, employees and shareholders; the group retired the 'First Boston' name and amalgamated the CSFB operations to the newly reorganized Credit Suisse#Credit Suisse.2C Investment Banking Division/investment banking division of Credit Suisse.

More Credit Suisse First Boston on Wikipedia.

With the market deficit slowly being filled by the big three producers at increasing unit capital cost - greenfield projects are likely to be much harder to justify, highlighting one motivation in the strategic advantage of bringing forward these expansions.

Investors will in our view naturally be concerned that the risk of referral has increased.

We believe confirmation of reporting financials is a positive step in improving visibility.

This is not as bad as it may look.

These headline figures are ... misleading as most of the acceleration in PPI inflation during September was due to the one-shot cigarette price hike which went into effect at the beginning of the month.

CSFB will be vigorously contesting the claim.

We would be surprised if the company could say anything to get the stock above $45, as most of the world is playing the stock on the long side and recent investor conferences have already incorporated a more bullish tone by the company.

Bottom line, it was hard to get excited as most of the demos focused on corporate or web/graphics oriented -- making this look more like demos from MacWorld last year, than consumer-oriented killer apps.

The recent run up in prices should be enough to start demand retardation and to grind down prices over the next few years.