证券公司

WALTHAM, Mass.----Dec. OXiGENE, Inc.(NASDAQ: OXGN, XSSE: OXGN) today announced it has completed a Phase II Study in patients with advanced imageable malignancies.

美国商业资讯2006年12月27日马萨诸塞州沃尔瑟姆消息——OXiGENE公司（纳斯达克股票代码：OXGN，斯德哥尔摩证券交易所：OXGN）今天宣布，完成了对晚期成像恶性肿瘤患者的第二阶段研究。

In the western mature securities market, corporations are inclined to smooth their dividend imbursement. The decrease of dividend is always thought as bad operation by investors.

在西方成熟证券市场，上市公司倾向于修匀股利（以下提到股利均指现金股利），股利减少通常视为经营欠佳的表现。

The empirical result demonstrates that:(1) the average abnormal reture and accumulated average abnormal reture around and after quarter surplus announcement change obviously, which illustrates the quarter surplus reports are of information content in our A share market;(2) the market can treat different types of accounting surplus data distinguishly by analysing inexpectant surplus as good news or bad news, but it reacts intensely to good news and flatly to bad news:(3) the market investors are paying more and more attention on accounting surplus of listed companies, which can be viewed in the annual text that the surplus reaction coefficient significance enhances;(4) A share market is, basically, under a state of semi-strong efficiency, or at least of an effective process from weak to semi-strong.

实证结果表明：(1)季度盈余报告公布前后平均非正常收益率和累积平均非正常收益率都发生了明显的变化，说明在我国A股市场季度盈余报告是具有信息含量的；(2)通过对未预期盈余分为利好组和利空组的分析，得出市场能够区别对待不同性质的会计盈余数据，但是市场对利空消息反应强烈，对利好消息反应平淡；(3)在分年度的检验中，可以看到盈余反应系数的显著性不断增强，证明我国A股市场的投资者对于上市公司会计盈余的重视程度在不断增加；(4)研究结果倾向于我国A股市场基本处于半强式效率，至少我国证券市场正处在从弱式有效向半强式有效转变的过程中。

In the U.S., earnings management is initiated by the issuing firm.

在美国，盈利管理是由发行证券的公司发起的。

The firm did take some balance-sheet hits, on things like leveraged loans, commercial real estate and securities backed by troubled monoline insurers.

摩根士丹利的资产负债表的确也受到了冲击，比如杠杆贷款、商业房地产和由陷入困境的债券保险公司担保的证券。

I the date on which at least 70% of the aggregate Capital Commitments of the NonDefaulting Partners have been contributed to the Fund or committed to make Portfolio Investments, used to pay Organizational Expenses and Fund Expenses, or reserved for the funding of Follow-On Investments and refinancing any outstanding Bridge Investments and the payment of Organizational Expenses and Fund Expenses

未经顾问委员会同意，普通合伙人及其任何关联公司在下列较早的日期之前不会接收投资者进入与本基金的投资目标有几乎类似的目标和策略的任何集合的多种投资工具（不包括本基金、任何相关投资基金和任何其成立与证券投资有关的实体）

Assisting nonexempt pension equity plan participants to save more by providing an annual special savings award of 5 percent of pay to their 401 savings plan, in addition to the company-funded contribution of up to 10 percent of pay.

帮助非豁免性养老金证券计划参与人节省更多资金，除了公司为其提供最高相当于薪水10%的缴款外，还将会为其401储蓄计划提供相当于其薪水5%的年度特殊储蓄奖励。

In thecourse of our audit, we have reminded the management that, due to thesharp price decline in the stock market since January 2007, aninvestment loss totaling RMB5 700 000 would be incurred if theshort-term equity securities held by your Company were sold out onMarch 10

审计中我们注意到：由于2007年元月以来证券市场巨幅下跌，贵公司持有的短期股票投资若在3月10日出售，将会产生570万元的投资损失。

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上海理光软件公司所属行业：计算机软件软件测试软件工程师主要从事打印机驱动程序的测试上海证券时报全景网络主办网上路演所属行业：计算机软件无其他路演人员教育经历上海电机学院计算机应用大专编程语言——熟悉C，面向对象程序设计C++、VB、java、汇编等语言计算机网络——计算机网络原理、网站建设与维护数据库——Access 计算机应用——计算机组装与维修、数据结构操作系统——熟练掌握Windows所有操作系统、对Linux有一定基础制图——Auto CAD中级、PhotoShop、Flash、多媒体技术Authorware科技管理学校计算机应用中专计算机网络技术，计算机组成原理，可视化程序设计VB，计算机操作系统，计算机操作技术，网页制作，网络安全，计算机系统维护，微机原理和汇编语言，办公自动化等等。

The paper studies stock's credit risk brought by the peccant behaviors, and discusses forecasting methods, and builds stock credit risk's models that adapt to security market environment and listed companies' character, and produces a lot of innovative results:（1）The paper designs a measuring model of stock's credit risk, which can analyze abnormal profit and loss of the peccant behaviors.

一些上市公司信息披露不真实和关联交易违规等失信行为已严重影响投资者的利益和证券市场的健康发展。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。