Yahoo! v. Holocaust Survivors
On January 29, 2001, Timothy Koogle, CEO of Yahoo! Inc. was accused of war crimes for allegedly denying the Holocaust. His accusers were a group of French Nazi concentration camp survivors, The Association of Deportees of Auschwitz and Upper Silesia. The underlying basis of the allegations occurred when Yahoo failed to obey a French court order directing it to block access to neo-Nazi content on its U.S. based servers. Yahoo's position was that the court order violated international and U.S. free speech laws. However, Yahoo was not simply a U.S. company. At the time of the suit, Yahoo had 24 international sites, and at each of these local international sites, Yahoo developed local sites. Approximately 40% of Yahoo's users at that time were from outside the United States. Yahoo France was established in 1996 and was a 70% owned subsidiary of Yahoo. Yahoo France was the…… [Read More]
Yahoo Company Analysis
Yahoo is a leading global internet and digital media services company, among the first internet search businesses. The company was created by Jerry Yang and David Filo in 1994. It continues to grow and differentiate its portfolio of services. The search engine comes with electronic mail services, news portals, social media products, and finance engine and web directory. The social media segment entails content sharing, expert networks, and communications. The company operates on the vision of providing personalized digital experiences to its user base across regions, devices, and advertisers. The current leader is initiated appropriate strategies to pursue this vision (ittenberg, Johnstone & Gramling, 2010).
Yahoo Company primary sources of income are the link of users and advertisers through the portfolio of products. Currently, Yahoo is among the first companies of the 500 companies in Fortune 500 holding position 483 (Angel, 2002). This paper will provide an…… [Read More]
Indeed, the fact that the company's leadership team survived at all during its formative years speaks highly of the founder's vision and perseverance. In fact, Jerry Wang was originally rejected by a venture capital firm for suggesting to use what Hargrove (2001) indicates was "such a ridiculous name as Yahoo" (2001, p. 271). As Ashby and Miles (2002) also emphasize, countless up-and-comers at the time failed to make good on their plans for growing their businesses during the 1990s for a variety of reasons: "The decade departed in a rush of technology-driven euphoria that is not likely to be seen again for a long time; 21-year-olds are not likely to have another opportunity to raise millions of dollars on the strength of simplistic business plans favored simply because they contained the word 'Internet'" (p. xvii).
Despite these early problems with financing and credibility, the company's co-founder Wang and others…… [Read More]
Nonetheless, many of these opportunities have turned to be risky in nature. Human interventions using the Yahoo enterprise products suffer cases of hacking and other forms of attacks. It does not have to fulfill every need since Yahoo exists under global company ethos. Nonetheless, many of these opportunities are rewarding to the company. The global advertisement engines set up by the company enables varied accesses to engage in what they desire most. The company is rewarded due to its expanse, equitable service delivery, and integration with other service providers in delivering services to the people globally.
Yahoo has different partners from which it benefits. The partners give the company immense opportunities in reaching many customers globally. Some of the company's partners are Yahoo Finance, Yahoo movies, Yahoo sports, Yahoo news, Yahoo games, and Yahoo weather. Personalization is also possible with My Yahoo protocol. Some other approaches used by Yahoo…… [Read More]
The market capitalization of Yahoo as of April 29, 2011 is approximately $23.18 billion. The purchase price for a company often includes a premium to entice stockholders to sell their shares to the bidder. Alexandridis (2010) notes that the mean acquisition premium for large acquisitions is around 38%. This would give Yahoo! An implied acquisition price of $32 billion.
From a financial perspective, Yahoo is a healthy company. It is very liquid, with high current and quick ratios of 3.06 and 3.0 respectively. Yahoo's interest coverage ratio is 1.7, which is a little bit lower than might be preferred, but the company has a very low level of long-term debt ($138 million) that would likely be retired as a result of this transaction. Yahoo has strong earnings as well, recording a record $1.231 billion in net income last year. However, there is cause for concern, in that Yahoo's cash…… [Read More]
Despite its many challenges, Yahoo remains a profitable company, and one of the market leaders in its field. This means that the company must be doing something right. Taken in isolation, Yahoo continues to have strong revenues and profits. The company has made money for several years in a row. Furthermore, Yahoo has been able to adjust to its shrinking business. This shows strong management, in that even when revenues are declining, the company is still able to maintain profitability. The ability to adjust the business and continue to be profitable, even when there are numerous challenges in the external environment, is something that will hold Yahoo in good stead going forward.
It is important to also keep in perspective that Yahoo has a strong brand, and has always maintained a high level of traffic. Having a base of loyal customers, and a widely recognized brand to help drive…… [Read More]
Yahoo! Vs. China. Specifically it will discuss Yahoo's decision about whether to disclose a subscriber's personal information to the Chinese government. In 2004, the Chinese government requested the name of a Yahoo! subscriber in China. The ethics of the problem were immediately apparent, and made the decision extremely difficult.
To disclose or not to disclose could put Yahoo's fledgling relationship with China in the balance. It is a political decision with great ramifications for western companies hoping to gain a foothold in China. However, with the political situation in China, the government could use the information against the subscriber, and his or her life could even be in danger, so there are valid points about both situations. If Yahoo! values their business interests over personal involvement in a political situation, then they will disclose. However, if they set a precedent and do not disclose, they not only do the ethically…… [Read More]
Google and Yahoo!
History of the two companies
Yahoo was created in January 1994 by, Jerry Yang and David Filo, two Stanford graduate students. They created a website called "Jerry's Guide to the World Wide Web." It was a page with links to other websites created in a hierarchical manner. In April 1994, it was renamed as 'Yahoo!'. "Filo and Yang said they selected the name because they liked the word's general definition, "rude, unsophisticated, and uncouth." (Diffen.com, 2013) By April 1996, Yahoo went public raising $33.8 million dollars, by selling 2.6 million shares at $13 each. Started as a search engine the company went on to many businesses in communications, and e-mail taking over rocket mail and making it Yahoo! Mail. (Diffen.com, 2013)
The company now provides information on stock markets, blog space and paid hosting and free utilities. It has incorporated all available services into its offerings and…… [Read More]
Google and Yahoo are two of the leaders in Internet search and advertising, and the flagship site of both ranks among the top sites on the Internet. This paper will take a look at the financial statements of these two companies, and analyze them.
The first section starts with the balance sheet. The capital accounts of both companies are predominantly based on equity. Google has $3 billion in long-term debt, while Yahoo has none. Otherwise, the companies both just have operating liabilities in their capital structure. Stock prices are not part of the balance sheet and are a different metric altogether. The market cap of Google is $265 billion compared with book value equity of $71 billion, a ratio of 3.7. The market cap of Yahoo is $27 billion compared with a book value of $14 billion, a ratio of 1.9. The market clearly thinks more of Google's…… [Read More]
Yahoo! is a U.S. based internet firm, known primarily for its' web search engine and related services such as Yahoo Groups, Yahoo Mail and the online publication of news, though Yahoo News. According to Alexa, Yahoo is the forth most popular web site in the world, behind Google, Facebook and YouTube, with 32.7% of its' traffic coming from the U.S. (Alexa, 2014). The firm is moving forward with the ongoing use of digital magazines to gain readers, and its' main source of income is the advertising revenues (Goel, 2014). The question that the company faces from many of the critics is whether or not there is a bright future, when the firm only has a 3.1% share of the digital marketing revenues, compared to Google's 33.24% and Facebook's 5.4% (Efrati, 2013).
When looking at Yahoo, the firm has a mixed history with achievements as well as challenges.…… [Read More]
Yahoo is definitely facing difficult challenges in the near future. Consumption is probably going down, but that is not something that will only affect Yahoo! The competition will also be seriously shaken. Another aspect that the firm's managers should consider is the more personalized approach proposed by Google. The G-mail service will be tailored to fit the desires of each and every user. The needs of each person, as manifested in the search conducted with Google's search engine, shall be reflected in the way the email account of that particular person is handled.
For instance, should someone be interested in marketing techniques, Google will put on the email box web site of that individual a few links related to that subject. Critics say that this is an unforgivable intrusion in people's privacy, since these data may be used to make up psychological profiles of each and every person using Google,…… [Read More]
Google is a better value than Yahoo. This is because the company is involved in many different segments of the technology marketplace. They have a lower price earnings ratio and price to EBITDA. At the same time, the firm has a larger market capitalization, greater amounts of cash, low levels of debt and a management structure / strategy which are encouraging continuing innovation. In the future, this means that the firm will remain a dominant player inside the marketplace.
The Balance Sheets of Google vs. Yahoo
The balance sheets of Google and Yahoo reveal a number of different factors which are illustrating the financial strength of both firms. In the case of Google, it has a market capitalization of $292 billion, revenues of $53.10 billion, $50.10 billion in cash and $9.7 billion in debt. Moreover, the company has a price to book value of 2.28, a PE ratio of 16.56…… [Read More]
Strategic Management of Amazon and Yahoo.com
The recent advancements in technology, computing, and Internet technologies have seen a rapid rise in the number of online businesses. Cases in point are the Amazon.com and Yahoo.com that took the globe by storm at the end of the 20th the century. Broadly speaking, e-commerce has become one of the most lucrative platforms to conduct businesses (Nabi, & Luthria, 2002). In this paper, two relating Amazon and Yahoo are reviewed. First, I seek to find out the source of Amazons success as a leading online retailer in 2011. The study will also establish whether Yahoo's business model functionally geared for success during the same year. In addition, the distinct business strategies of each of these entities and the way the strategies resulted in comparative advantages are also analyzed.
Amazon.com, the world's largest online retailer, is an American company that was established in 1995 by…… [Read More]
" Pericles said that Athenians did not have to be forced to chose the lot of the soldier, they loved the land that gave them the freedom to chose to live the way they wanted, rather than to fulfill a predetermined ideal and thus, when necessary: "They resigned to hope their unknown chance of happiness; but in the face of death they resolved to rely upon themselves alone." In a democracy, the citizen's sense of self-reliance is its life-blood. Values are created and chosen by consensus and the consent of the governed, not by a single, 'philosophical' intelligence and thus the values are more enthusiastically believed, and because they exercise choice from birth, people more able to undertake creative intellectual change, as they did in ancient Athens. The limits of Yahoo society, although it seems to be more socially stable than most democracies, is that people will not believe in…… [Read More]
SWOT, SPACE and QSPM Matrices for YAHOO! Inc.
Yahoo! Incorporated is a multinational internet corporation in the computer integrated system designs industry. Headquartered in Sunnyvale, California, the company was founded by Jerry Yang and David Filo in 1994 at a time they were students at Stanford University. Initially the search engine started as a hobby for the two founders and it was referred to as 'Jerry and Yang's guide to the world wide web', after which the name was changed to Yahoo!, an abbreviation for 'Yet another Hierarchical Officious Oracle' (Yahoo! Inc., 2015). The company provides online properties and services to users and affiliates, and its major income generating activities are display and search advertising.
The company's products include: communication, search, digital magazines, and video. In communication, the main products are Yahoo Messenger, Yahoo Mail and Yahoo Groups, while search is made up of Yahoo Answers and Yahoo Search, both…… [Read More]
Confidential and Private
Yahoo!, Inc. is a large digital media company that specializes in the delivery of personalized digital content as well as experiences across millions of devices around the globe (Market Watch, 2012). The company provides highly engaging and innovative canvases that are used in advertisement in order to connect with the millions of online target audiences across the globe. The company provides several services to different categories of people and businesses. To the normal users, it provides various services like online properties, news, entertainment and email services while to the advertisers, Yahoo! Inc. provides a wide range of marketing services that are designed in way that ensures that it effectively connect with the subscribers of its Yahoo! Properties products. The website also connects advertisers with other third-party entities through its integrated Yahoo! Advertisement offerings. At the moment, the company through its Yahoo! Properties provides users services…… [Read More]
Yahoo vs. Amazon
This report will present a compare and contrast between Yahoo and Amazon. The core business and histories of the two businesses will be discussed. Following that, there will be a description of the key strategic differences between the two and how the respective strategies have impacted the relative success of each form. Two specific examples of these strategies will be covered. The manner in which each company's core competencies help shape their strategies will be described. One functional-level strategy will be recommended for each term. At least three references will be used to describe things along the way. While Yahoo and Amazon are in the same general online portal sphere, how precisely they address the genre and the offshoots they tend to branch into are entirely different.
Some information technology companies have been around for a while but most of the Internet-reliant and information firms have…… [Read More]
Brand equity is becoming a necessity within the modern day business climate, when economic agents compete not only for market shares, but also for the best employees, the best technologies or the best resources. In this setting, brand equity provides competitive advantages and points of differences and is essential.
The creation of brand equity varies across industries, across economic agents and it depends on various elements. In other words, there are no secret recipes to creating brand equity, but Yahoo! has to devise its own strategies based on its own specifics. Some of the features which can impact the brand equity strategy would include the size of the company and its resource availability, the marketing expertise it possesses, the features of the market it addresses or the nature of the items it sells.
In terms of the items commercialized, it could be argued that brand equity is created differently at…… [Read More]
2005, John Ellsworth, father of deceased soldier Justin Ellsworth, made national news when he asked to be granted access to his deceased son's e-mails. Twenty-year-old Justin had been killed in Fallujah on November 13, 2004, by a roadside bomb. The least, Mr. Ellsworth could do, the father felt, was to collect these e-mails that his son had written whilst in Iraq and fashion them into some sort of memorial. Yahoo! refused. They had promised privacy to their clients and they could not break the promise regardless of the situation. It was only after a Michigan probate court ordered them to release the e-mails that Yahoo complied.
The case reveals two types of ethics. Yahoo! On the one hand epitomized the deontological way of thinking that norms of right and wrong exist and cannot be breached regardless of the situation. The judge, however, took the family's happiness into account and, by…… [Read More]
Case Summary: In 2013, when new Yahoo CEO Marissa Mayer overturned the flexible work at home policies, it created a maelstrom of media response. Public responses fell on both sides of the issue, while it seemed most Yahoo employees were outraged. The disruption to personal lives became a pivotal point in the discussions -- arrangements that enable parents to work-at-home, for instance, are not easily changed. But, more central was the message communicated to Yahoo employees: The CEO (and likely a slew of other managers at the organization) did not trust telecommuting employees to efficaciously conduct their professional duties outside of the direct oversight of their managers. Note that many of the telecommuting Yahoo employees worked at home only one or two days per week. Women particularly took issue with the workaholic Mayer's decision: she came on board when she was five months pregnant and took a…… [Read More]
Internet revolution has touched the lives of almost everyone on the world regardless of their nationality and geographical location. Anybody with a phone connection can access the entire network of the globe and stay connected with the rest of the world. The free service providers and the search engine providers play a great part in giving the much-needed services of free web-based mail and other services. Yahoo has been one of the pioneers in the area. While the Internet is accessible to anyone, the service provided by yahoo attracts both bona fide and male fide consumers. The terms of service under which Yahoo agrees to provide their help in the internet make it clear to all the honorable intentions with which they provide the service and require the consumers also to agree to these terms before embarking upon the use of the service. This is a paper on the terms…… [Read More]
Yahoo! Concedes Australias Online Auction to Ebay
The article this paper will review, in relation to project closure and I.T. management, is Keith Regan's Yahoo! Concedes Down-Under Auction Market to Ebay.
Recently, Yahoo! announced to its customers its decision of closing down the Australian online auction site sold.com.au. The announcement was posted in the auction site itself (currently, the auction site is already owned by Ebay). Yahoo! handed down sold.com.au to its auction giant rival Ebay.
Yahoo! bought sold.com.au two years ago from Fairfax at the price of AU$24 milllion. That time, the auction site was making a sale profit of AU$12 milllion. However, for Yahoo!, Australia's online auction was not able to establish more customers and did not give the dot-com giant enough profit. Sold.com.au's performance in the Internet auction market seemed to be far from Down Under's achievements, an online information portal in which Yahoo! remains a…… [Read More]
Essentially, by taking such a strong stance against breaking their own regulations, even in cases of death, Yahoo! was upholding utilitarian principles in order to benefit the community as a whole. Thus, the company was focused on upholding a commitment to privacy for all of its members. It was unfortunate that Justin Ellsworth lost his life in the line of battle, but that could not jeopardize the promise Yahoo! made to its millions of users. If the company was to just give up one user password, it could have the potential to do so again, thus risking the privacy rights of others. Moreover, there are also deontological considerations against the internet company giving up private account information, even after death. In this sense, the company had an obligation to Justin Ellsworth to uphold its promise of protecting his personal information. The marine had himself agreed to the terms and conditions…… [Read More]
Portfolio Management Project
Selected 10 companies
purchase date purchase price
Industry/Sector: Technology/Personal Computer -- Investment Style: Large Growth
Communications Systems Inc.
Industry/Sector: Technology/Data Storage -- Investment Style: Small Growth
Joy Global Inc.
Industry/Sector: Farm/Const/Mach -- Investment Style: Large Growth
Industry/Sector: Consumer Services -- Investment Style: International
Industry/Sector: Steal & Iron -- Investment Style: International
Aereas Inteligentes SA
Industry/Sector: egional Airline -- Investment Style: International
Coffee oasters Inc.
Industry/Sector: Processed Pkgd gds -- Investment Style: Small Growth
io Tinto PLC
10/21 / 2009
Industry/Sector: Steal & Iron -- Investment Style: International
Industry/Sector: Steal & Iron -- Investment Style: International
Industry/Sector: estaurants -- Investment Style: Small Growth
Investing today is about taking advantage of growth from a broader…… [Read More]
Many for are uneasy with the rapid pace of changing technology in today's contemporary environment. There are now issues to whether or not information sent through these technologies is safe in terms of privacy concerns. For example, there is the case of Justin Ellsworth who died serving the country at war; yet whose parents demanded access to his e-mail. Ellsworth's information should still be protected under Internet privacy laws which he himself agreed to while he was alive. Therefore Yahoo should be responsible for only acting to release e-mail content that would have been related to the cause of death and could've helped an investigation.
Justin Ellsworth's case is a controversial one. On one hand, the case is not one where the individual was murdered or kidnapped. Ellsworth was a military soldier and unfortunately lost his life during combat, dying in Al Anbar. His parents then wanted more…… [Read More]
Justin Ellsworth's parents should not have been given access to his e-mail account on their request alone, as it would have violated nearly every privacy act in existence at the time of the case, the Yahoo agreement terms with Justin, and set a dangerous precedence for invasion of digital assets of the deceased. Yahoo relented and only provided the e-mail account access on court order, which preserved the digital rights and privacy of its millions of customers using Yahoo mail and other online e-mail applications in the process (Leach 2005). Yahoo argued successfully that providing access without court order would have violated the Stored Communications Act (SCA), 18. U.S.C. § 2701. This has become an often-cited precedent by all other Internet e-mail providers who must retain the trust of their customers to stay in business. The case has a multifaceted ethical aspect to it, which is analyzed from a…… [Read More]
Making a decision as a venture capitalist, whether as a director/adviser for a venture capital firm or as an individual investor looking for a substantial investment opportunity, requires a great deal of consideration on various levels. Before a decision to invest is made, a careful consideration of the quantitative and qualitative aspects of a company must be undertaken, and the potential payoff of any investment must be weighed against the risks identified both within the company and in its operating environment. The following paragraphs will present a brief analysis of two publicly traded companies that are well-established, yet are also potentially large investment opportunities for an entity with an appropriate amount of capital. The risks and current states of these companies will be assessed along with other details and information in order to determine which company represents the best investment.
pSividia Corp., founded in 1987, specializes in…… [Read More]
Licensing and Laissez Faire
In viewing the case study at hand, one can begin to fully understand the pros and cons of occupational licensure in viewing each in the context of the study. Occupational licensure -- the requirement that one obtain a license from a recognized authority in order to engage in any occupation -- restricts entry into the field of medicine as noted within the case study at hand (Shaw, 2010, p. 157). In viewing the pros and cons of such licensure, one can see that the debate largely comes down to one of economics vs. safety concerns.
In first understanding the pros of such occupational licensure, one can understand -- and oftentimes be relieved -- by the fact that professionals in fields that follow licensing standards have therefore asserted themselves to be capable of practicing within their field at a level which has been deemed acceptable by the…… [Read More]
The firm's balance sheet, however, is very healthy, with great liquidity and no long-term debt.
The fourth largest company in the industry by market cap is Builders FirstSource. This company has a stock price of $5.31. It has no P/E, since it is losing money. The company is focused on products for residential construction in the southern and eastern states, so the housing recovery needs to be in those regions for this company to benefit. The consistent losing of money, however, makes this company a risky investment, as does the high level of long-term debt. The beta is 2.3, which is highly volatile.
The fifth-largest company by market cap is Orchard Supply Hardware Stores, which is a California-based competitor to Home Depot and Lowe's. Its stock is priced at $10.11. The company lost $8.08 per share last year and is on a downward trend in revenue, gross income, operating income…… [Read More]
Times change and so do social institutions. When the laws protecting our privacy were originally drafted there was not even the notion of email. Such a concept was so futuristic as to be well beyond the most imaginative of the Founding Fathers. Today, however, emails have become a regular course of communication between members of society and, as such, they deserve attention. Do they fall within our expectation of privacy or does their digital nature make them automatically public?
The legal case that brought this issue to the forefront was that of a young marine, Lance Corporal Justin Ellsworth of Michigan (Chambers, 2009). Ellsworth was killed in action in Iraq in 2004 but prior to his death he had written emails to this family and friends. After his death, his family requested the email provider, Yahoo, to grant them access to Ellsworth's account but Yahoo refused to honor…… [Read More]
This in turn gives the financial professional better idea of the stock's risk behavior.
The equation used in this security market line relationship is as follows:
Mathis, CAPM, par. 3)
The measure of systematic risk is considered Beta or bi while E[Ri] is equal to the expected return on asset I and Rf is the risk-free rate. E[Rm] is the expected return on the market portfolio and E[Rm] - Rf is the market risk premium for the stock. Once the Beta is known then the risk and rate of return can be found.
APT is different because not only can forecast for the long-term, it can also work for the short-term scenario. This fact makes it the better of the two theories because it gives the financial professional more tools to assess risk and the rate of return. APT does this by using a model that captures all the data.…… [Read More]
In order to answer the main question of the price to be paid within one year time for 100 shares of the company, it is important to know the price of one share at that point of time based upon the past performance of the shares and its' expected movements. If compared the price and performance of the Home Depot shares since 1984, which is the time since when the sahres were actively traded on the market, with the performance of the Standard & Poors index, the shares sometimes were outperforming the market while sometimes were underperforming.
Simplistic examination of the chart of the perfromance of the shares compared with the index perfomance can leas us to the conclusion that the company beta is greater than zero and in case of further positive market performance and strengthening investment opportunities, the company is expected to be doing well which…… [Read More]
Assessing WalMart Cost of Equity
Cost of Equity Using CAPM
To calculate the cost of equity using the capital asset pricing model (CAPM), the equation requires collection of some data regarding the firm and the market. The equation tells us what data is needed, the equation is cost of equity = F + ?(M - F). F is the risk free rate, M is the return on a market portfolio, and ? is the beta.
The equation starts with the requirement to determine the risk free rate (F). The risk free rate is usually the current rate for government bonds. There is some flexibility here, as government bonds are issued over different periods, a common term used is the one year bond rates. The current rate given for 20th December 2013 is 0.13% (U.S. Department of Treasury, 2013).
The next input is the return on the market portfolio. This…… [Read More]
eta of CSX Railroad
Find the eta of CSX
What is the estimated beta coefficient of CSX? What does this beta mean in terms of CSX to include them in my overall portfolio?
The estimated beta coefficient on CSX is 1.24. It is used to determine the underlying volatility in the stock. In general, when you see a beta factor greater than 1.0 this is an indication that the security is more volatile than the stock market average. In the case of CSX, the reading of 1.24 indicates that the stock is 24% more volatile than the major stock market averages. This will increase the overall amounts of volatility in the portfolio. While providing, a way to see above average returns, because of the increased volatility. ("eta," 2010)
Given the beta of CSX, the present yield to maturity on U.S. government bonds maturing in one year (currently about 4.5% annually)…… [Read More]
PC BANG - PC Bang is a Korean Internet cafe with 21460 outlets across Korea.
Kinko's - Kinko's is a copy centre chain with 1100 stores across the United States and overseas.
Office Max - Office Max is a retail chain which also has a major online presence. Office Max offers a full range of business services.
Staples - Staples is a retail chain providing office supplies and services. It also has services available online.
Local Coffee Shop - Local coffee shop providing food and drinks to local customers.
SERVICES PROVIDED BY POTENTIAL COMPETITORS
PC BANG - PC Bang provides Internet services, specializing in entertainment. Its main service is providing an online gaming venue.
Kinko's - Kinko's operates from a store front, offering a full range of office services. Those services include photocopying, scanning, printing, mailing and fax services, FedEx drop boxes, videoconferencing, electronic document transfer, paper and office…… [Read More]
The company is itself a major driver of innovation in this area, and the efficiency of renewable energy engines and power generators will decrease the cost of operations for the company even as the same products and efficiency increases will enhance and increase its sales (Quantum 2011). Twnety years from now, it is expected that major utility grids will at least be in the beginning stages of being capable of handling energy input from renewable sources, and this will increase industrial demand for many of Quantum Technology's products enormously (Foo.com 2011).
Quantum Technology's diversification is a major strength of the company, as it is somewhat shielded from major changes in any one application or industry in which its products are used. A weakness can be found in its dependence on external business contract and a lack of direct-to-consumer sales. A large opportunity exists for the company in the…… [Read More]
PDF to the phrase Tenured & Post-tenure review models yielded an entire page of links to PDFs on the subject. This is especially useful when doing research. A limitation of Bing in this area however is the lack of citation support provided however that is found in EBSCO Host or ProQuest, two excellent academic databases. In conclusion, the iterative nature of Bing is very effective in targeting content of interest and the use of specific operands or qualifiers including .PDF work well. The only limitation however is the amount of content indexed at this point by the search engine.
The site Search.yahoo.com was also evaluated using the search term Tenured & Post-tenure review models both in exact phrasing and also in Boolean search. This search engine provides an estimated time for the search to be completed which for this specific phrase when configured as a Boolean search, took .49ms. Just…… [Read More]
Many of the auctions do not include photos, which is a disadvantage for the buyer. The actual item page is uncluttered, but Overall, Amazon's auction site is not nearly as satisfying as eBay's, and it would benefit from a redesign to enhance the buying experience.
Auction.yahoo.com is more pleasing to the eye than the Amazon site, but still not as compelling as eBay's. It is arranged similarly to eBay's site, with categories on the left of the home page, and other information throughout the page. Quick searches of basic items indicate the Yahoo site is not nearly as popular as eBay, as there is not nearly as much merchandise listed for sale. The site is also extremely slow to load search results, even on a broadband connection, which could drive some buyers away. The actual item page is quite crowded and difficult to navigate, it is confusing and does not…… [Read More]
Safeway will drastically expand its market by taking over Sobeys. It will grow to expand the entire Canadian geography as well as almost double the number of stores it owns. In addition to this Safeway will have one less competitor in the marketplace, and be larger which will make it easier to stand against the other competition in the marketplace. The decision for a company to acquire another company is a massive and critical decision. The company acquiring must be ready to undertake the challenges involved, as well as the target company needs to be a proper fit with the other company. All of these changes mean many years of possible turbulence for the company and its employees, but if done carefully and mindfully the company will come out of the situation with a large financial and market gain.
This assignment had great value and the learner was able to…… [Read More]
By acquiring Airborne Express, a new ranking for this year would likely move them up the chain a spot or two. The second table looks simply at the domestic market share for 2002, and it can be seen that DHL does not rank very highly. This was likely due to the fact that the merger with Airborne Express was not yet completed and therefore the abilities that DHL had on the ground in the domestic market were not strong. Although no new data has yet been presented, it would be interesting to see whether DHL's ranking is higher now than it was then, now that the merger with Airborne Express has been completed.
Table 2: U.S. domestic expedited cargo market share
Third quarter 2002
U.S. Postal Service
Includes domestic air and ground parcel.
Source: DHL/Airborne, 2003.
One of the reasons that DHL does…… [Read More]
Flex Work Literature eview
Gone are the days of single-income households being the norm. The costs and other economics of today basically mandate that many families have both parents working and this leads to the need for day care, school transportation plans and other arrangements for things like doctor visits and school events. This can present a challenge if neither parent has a workplace situation has a job that is forgiving and understanding and allows for somewhat frequent (if not very frequent) quick breaks and extended lunch periods to deal with family affairs. Combine that with the fact that many employers are actively or hostilely resistant to flexible work arrangements under the auspices that it allows for or even encourages waste and misuse of time, then the problem is exacerbated even more. However, the author of this paper would assert that employers should be as understanding as they reasonably can…… [Read More]
Further the fair pricing strategy which Yousuf refers to as "a permanent discount of at least 40% on all items" could also effectively defend the company's market share from both existing competitors and new entrants. Next, J.C. Penney's move to embrace a new management team could end up yielding some positive results as such a move will inevitably change the way things are done at the firm. Indeed, in the opinion of Heller, the incoming management team possesses some radical new ideas. This can be gleaned from the background (as highlighted earlier on in this text) of some of the key executives who have joined J.C. Penney in recent times. I am also convinced that J.C. Penney's new logo will give the company a brand identity that is largely unique. The same in my opinion could in addition to having the effect of repositioning J.C. Penney's brand in its clients'…… [Read More]
This problem was solved in the following way: the program uuencode which is used by email-clients transforms its binary code (code of bits and bytes) into text code using ASCII table principle and it's send in the form of text character set in the following form (begin file name reports text translated binary body end). The recipient's email-client executes uudecode program and transforms it to binary primary code.
Telnet is a program for computer networks that use TCP/IP, for example Internet. It allows terminal emulation, as it connects user's computer to a networks' server. This program which works in console mode allows to manage the controll over server as if the commands were executed on the server computer initially, as well as it allows to control, communicate and do data exchange with other computers and servers. Telecom uses identification policies as username and password and allows control of web…… [Read More]
Google is one of the most known search engines available today. Started up in 1999, Google slowly began to gain a high ranking among search engines and ad revenue vehicles. Through an analysis of Porter's five forces, one can begin to understand how Google became one of the most used search engines used today.
The first force to be analyzed is the threat of new entrants to the market. Currently, the threat of new entrants is low as people have already grown comfortable with the search engine choices presently available. Furthermore, Google has demonstrated that it has a strong foothold on the search engine market. In November 2009, Google "enjoyed a 65.6% share of all U.S. searches…[and outside] the United States Google's lead was even larger, exceeding a 90% share of search queries in numerous countries."
The second force that needs to be analyzed is the threat of substitutes. Presently,…… [Read More]
equity at Facebook is to use the capital asset pricing model. The formula for CAPM is as follow:
Rj = RF + ?j [RM - RF]
The first step to determining the cost of equity is to gather the different variables go into CAPM. The risk free rate is the first such variable. The risk free rate reflects the rate of return that an investor can earn on an investment that has no risk The only investments that are deemed to have no risk are Treasury securities. This is because the U.. Treasury prints money, so there is zero risk that these will not be repaid. There is risk that the payment will not have the same real value, but it will have the same nominal value as expected.
According to the U.. Treasury webpage, a one-year Treasury bond carries with it a rate of 0.13%. This is the risk…… [Read More]
Both of these are just the beginning of contextual-based innovation in information management. The use of contextual taxonomies for example that manage all areas of potential interest in real-time from a smart phone such as the iPhone for example are coming. The personalization of content according to each person's interest is arriving today and will be pervasive soon. Thinking of this from a Business-to-Business (B2B) standpoint with suppliers, the speed of supply chains could be greatly increased if this type of knowledge were made available throughout a supplier network (Wagner, 2010).
What Apple does extremely well in this area however is convergence of innovation, from the operating systems on their laptops to the continually updated iTunes platform and the latest iTouch, iPad and iPhone, Apple has successfully created an ecosystem that generates not only innovation but tacit knowledge as well (Augustine, Yadav, Jain, athore, 2010). The next major breakthroughs are…… [Read More]
2% (Yahoo 2009). This is significantly under both the industry average and the Standard & Poor 500 Performance Index, but the company remains financially strong and has paid a cash dividend on shares every quarter for the past four years (Yahoo 2009). These dividends have actually increased every year, including 2008 and so far in 2009, despite the worse performance brought on by the recession (Yahoo 2009). At $60.20, the stock is near its high-point for the year, but with things picking up again it is likely to continue rising, though the winter months and the attendant reduction in sales might lead to a more opportune moment to buy.
Sean P. Hennessy is Sherwin Williams Chief Financial Officer, and has been in that post since 2001. He also served as the company's treasurer for a year during that period, and has been with the company since 1984. Such solidity and…… [Read More]
It is focused ROI from a training and managerial perspective in that it also integrates performance reviews and general training into ROI assessment debates and information. However, it is not industry-specific, so some trainers might want to also consult message boards specific to the industry they work in, when looking for information.
This board would be useful to consult if, for example, a trainer wished to defend a critical practice or program in danger of being eliminated to upper-level management. Showing that a practice has a strong ROI is one of the most persuasive tools to encourage a policy to be adopted.
Finding out new ways to show ROI would be especially helpful for managers in 'soft skills' areas as sometimes it can be difficult to demonstrate how certain assessment, measurement, and evaluation tools provide a worthy return on the company's investment, based upon the loyalty or efficiency they foster…… [Read More]
03)(7) = 9.26%. A Target four-year has a yield of 4.757%, which corresponds with the higher risk level (A compared to AA) that Target represents over al-Mart. This will be used as Target's cost of debt. The weightings of debt and equity are 69% debt and 31% equity. This gives us a weighted average cost of capital for Target of:
(4.757)(.69) + (9.26)(.31) = 6.15%
Target represents a higher risk level compared to al-Mart. This is reflected in the bond rating, but also is indicated by the higher degree of leverage. Additionally, the overall stronger financial performance of al-Mart hints at a company that should have a lower cost of capital.
11) Appendix E shows the charts of each of these companies for the past three years (MSN Moneycentral, 2009). al-Mart's stock lost some value in 2007 at a time when Target's stock gained value. They tracked each other for…… [Read More]
33% on the 2013s; 27.78% on the 2018s 16.67% on the 2028s and 22.2% on the 2038s.
Using market value the weighted-average cost of debt is 6.798%. The weights are 35.42% on the 2013s; 28.39% on the 2018s; 16.14% on the 2028s and 20.03% on the 2038s. Thus, it does make a difference if book or market value weights are used. In this case, the market value weights skew more towards the short maturities, which have the lowest yields. This gives the weighted-average cost of debt for market value weights a slightly lower figure.
5) by book value, the weight for debt is 30.85% and equity 69.45%. This gives a weighted average cost of capital of:
e (Re) + d (Rd) (1 - T) =.6945(9.94) + (.3085)(6.854)(.65) = 8.277%
By market value, the weight for debt is 7.345% and the weight for equity is 92.645%. This gives a weighted average…… [Read More]
Apple: atio and SWOT Analysis
Financial Trend Comparison
atio Category: Liquidity atios
In basic terms, liquidity ratios demonstrate a company's ability to settle its obligations (short-term) if and when they fall due. To begin with, from the computations, it is clear that Apple's current ratio has consistently been less than the industry average. Hence for short-term creditors, this could be an issue of concern as the trend increases their risk. Further, a look at the company's cash ratio shows that the firm could have difficulties settling its current obligations if payment for the same was demanded immediately. Generally, most (if not all) the company's relevant liquidity ratios fall below the industry average. Hence going forward, the company could find it hard accessing short-term-credit from creditors.
atio Category: Asset atios
Asset turnover ratios are basically used as pointers of a company's level of efficiency when it comes to asset utilization. Apple's…… [Read More]
A."Suppose your bank account will be worth $15,000.00 in one year. The interest rate (discount rate) that the bank pays is 7%. What is the present value of your bank account today? What would the present value of the account be if the discount rate is only 4%?"
PV at 7%
With a discount rate of 7.00% of the bank account and a span of 1 year, the projected cash flows of my money are worth $0.07 today, and this is less than the initial $15,000.00. The resulting PV of the $15,000 is $14,018.69,
However, PV at 4%
With a discount rate of 4.00% of my bank account with a span of 1 year, the projected cash flows are worth $0.08 today, which is less than the initial $15,000.00 money in the bank in one year. The resulting PV of the money in the…… [Read More]
spam has a rather innocuous and interesting background. The name comes from the Monty Python comedy sketch in which a group of Vikings in a restaurant start singing "Spam, spam, spam, spam, lovely spam! Wonderful spam!" They annoy the waiter who tells them to shut up. The interpretation of the 'action' rather than the meaning of the word itself refers to a repetitive act that annoys. In terms of online communication, this annoyance has developed into a crisis, which has powerful consequences for business in particular. The European Commission recently stated that the problem costs £6.4bn a year in connection charges and lost productivity - the equivalent of £16 per Internet user.
Concern about spam and the affect spam is having on the Internet has reached critical proportions. The general concern about combating the increase in e-mail abuse can be seen in the outpouring of articles on the subject on…… [Read More]
There is no discussion of physical property rights in the annual report, and no insight is provided into physical property rights in a search of online resources either.
Corporate Social Responsibility Efforts
KBR generally has a poor CSR record. In recent years, the company has become embroiled in a number of scandals relating to its operations in the Middle East in particular. In addition to accusations of shoddy workmanship causing deaths, rape and subsequent cover-up, and human trafficking, the company has also committed environmental violations regarding so-called "burn pits" that contained a number of toxic chemicals to which American soldiers were exposed (ise & Olsen, 2010), has come under fire for essentially embezzling $12 billion (Newton-Small, 2007), and has been charged under the Foreign Corrupt Practices Act for bribery in Nigeria (CNN, 2009). Over the past ten years, therefore, there is a profound pattern of lacking any semblance of corporate…… [Read More]
Target's chart, however, shows that the company has tracked the market and GDP fairly closely, indicating that perhaps it does not trade the way a discount retailer should.
Johnson & Johnson
JNJ is a pharmaceutical and consumer products company. It competes in pharmaceuticals, consumer products in the health and beauty segment and in medical devices. The company was founded in 1886 and today is a multinational conglomerate with operations in 57 countries and with approximately 250 subsidiaries.
To a certain extent, JNJ's product line is price inelastic. Pharmaceutical demand is tied to overall consumer demand and the state of the economy, but not to the same extent that many other consumer products are. As a result, JNJ would be expected to have less significant swings in its stock price relative to the GDP, other macroeconomic indicators, or the Dow Jones. The stock, however, has traded roughly in line with the…… [Read More]
' hile in theory this may seem defensible, in practice it is more questionable to carefully watch every second an employee spends online -- if the employee does a bit of Christmas-shopping online, but is otherwise productive, should this be used against the employee? And cannot such objectionable sites be blocked, without violating employee privacy? hat if the employee uses his or her work email to send one or two brief personal emails -- the time 'theft' is quite minimal, yet so easy to do companies are falling prey to this temptation. And the issues of time theft blurs as employees do more work on their home computers for work -- work is taking over the home and ' private time' already. Yet this also means employees can store secret work-related items that they could store and share, if left unmonitored. Finally, RFID (radio-frequency IDs) in the workplace, which track…… [Read More]
The beta for al-Mart, according to MSN Moneycentral, is 0.29. According to Yahoo! Finance the yield to maturity on a Treasury bond that is due 15-Mar-12 is 0.296%. e will assume a market risk premium of 7%. ith these figures, the cost of equity for al-Mart can be calculated using the capital asset pricing model (CAPM):
Ra = RF + ? (Rm -- Rf)
Ra = 0.296 + (.29)(7)
Ra = 2.326%
This cost of equity is lower than I had expected. In general, the cost of equity for a firm is fairly high. The reason why al-Mart has such a low cost of equity is that the company's beta is so low. al-Mart has very little correlation with the broad market, and is not very volatile. As a result, al-Mart's cost of equity is low, because it is much less risky than the market as a whole.…… [Read More]
MSN Moneycentral (2011), the beta for al-Mart (MT) is 0.33. This indicates that the company has a very low degree of correlation with the broader market, and is a less volatile investment than the broad market.
According to Yahoo! Finance (2011), the rate of return on a one-year U.S. Treasury bond is 0.318%. It is assumed that the market risk premium is 7%. This assumption means that the market rate of return is traditionally 7.318%.
The cost of equity for al-Mart is therefore as follows:
Rj = RF + ?j [RM - RF]
Rj = 0.318 + 0.33 (7)
Rj = 0.318 + 2.31
Rj = 2.628%
The cost of equity is lower than I had expected. al-Mart is a more stable company than I had thought. The beta is very low, indicating that al-Mart does not have much volatility. Most companies, especially retailers, struggled during the past recession and…… [Read More]
Toll Brothers, Inc. Strategic Plan
TOLL BOTHES, INC.
This strategic plan is meant to discuss the reimplementation of Toll Brothers, Inc. For 2012. Toll Brothers, Inc. was founded in 1967 and quickly became the leader in luxury homes and land development. In 1986, the company went public with a public offering totaling $40 million. Toll Brothers is currently in 20 states and has acquired numerous building companies including the most recent acquisitions of Cam West and Gibraltar.
Statement of Forward-looking Information
Certain information included in this presentation is forward-looking within the meaning of the Private Securities Litigation eform Act of 1995, including, but not limited to, information related to: anticipated operating results; financial resources and condition; selling communities; home deliveries; average home prices; consumer demand and confidence; contract pricing; business and investment opportunities; and market and industry trends.
Such forward-looking information involves important risks and uncertainties that could significantly affect…… [Read More]
While the firm makes certain claims, which are also backed by its annual reports, we need to see how other objective sources discuss the situation at Dover. Do they really believe that Dover has more to gain than lose from its acquisitions? Are their assessments consistent with the thinking and beliefs of top-level managers at Dover? It appears that the news is good for Dover Corporation. The independent sources indicate that the firm has been able to generate considerable cash flow from its various operations and is in a strong position as market leader. It has also been found that cash flow situation improved tremendously between Dec 2005 and June 2006. The table below shows that increase and it has been derived from the following source:
Condensed Consolidated Statements of Cash Flows
Six Months Ended June 30, 2006
Cash Flows from Continuing Operations (in thousands) 2006
Cash Flows Provided by…… [Read More]