...eBAY INC. ANNOUNCES FIRST QUARTER 2007 FINANCIAL RESULTS - Reports Record Q1 Net Revenues of $1.77 Billion - Delivers Q1 GAAP Diluted EPS of $0.27 and Non-GAAP Diluted EPS of $0.33 - Raises Full Year Guidance San Jose, Calif, April 18, 2007 — eBay Inc. (Nasdaq: EBAY; www.ebay.com) reported financial results for its first quarter ended March 31, 2007. eBay reported record consolidated Q1-07 net revenues of $1.77 billion, representing a growth rate of 27% year over year. GAAP operating income was $468 million, an increase of 45% year over year, and represented 26.5% of net revenues. Non-GAAP operating income in Q1-07 was $593 million, representing a 33.6% operating margin and a 29% year-over-year increase. GAAP net income in Q1-07 increased 52% year over year to $377 million, or $0.27 earnings per diluted share. Non-GAAP net income increased 34% year over year to $460 million, or $0.33 earnings per diluted share. GAAP and non-GAAP earnings per diluted share increased 59% and 39% year over year, respectively. The company purchased approximately 10 million shares of its common stock at a total cost of approximately $333 million during the quarter and may purchase up to an additional $2.0 billion of common stock through January 2009 under its stock repurchase program. “This first quarter of 2007 was a very strong one for the company,” said eBay Inc. President and Chief Executive Officer, Meg Whitman. “The strength of our core businesses, as well as the significant traction we’re beginning...
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...by our own refineries underperformed the trend of the benchmark indicators: this is because our refineries yields are less geared to diesel products, which performed strongly, and more weighted on fuel oil which quoted at a strong discount vs diesel. Finally, the euro showed an appreciation of 14% versus the US dollar compared to the same period of last year. As usual, I would like to remind you that Eni’s results are affected by several issues, including the seasonal factor affecting the demand for natural gas and petroleum products used for residential heating, the demand for which is highest in the first quarter of the year, the coldest months, and lowest in the third quarter, the warmest months. Therefore, Eni’s operating profit and change in net debt in the first quarter cannot be extrapolated for the full year. Having said this, I am very pleased to announce record quarterly adjusted results. Indeed, adjusted net profit amounted to 3.1 billion euro up around 14% if compared to the same period of 2007. In US dollar terms the adjusted net profit increased by 23% This trend is mainly a result of the stronger operating performance. Adjusted operating profit increased by almost 13% compared to the first quarter of 2007, totalling 5.9 billion euro. In US dollar terms the adjusted operating profit posted a 24% increase versus the first quarter of 2007. This...
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...Office of Inspector General AVIATION INDUSTRY PERFORMANCE A Review of the Aviation Industry, 2008–2011 Number: CC-2012-029 Date Issued: September 24, 2012 Memorandum U.S. Department of Transportation Office of the Secretary of Transportation Office of Inspector General Subject: INFORMATION: Aviation Industry Performance: A Review of the Aviation Industry, 2008–2011 Controlled Correspondence No. 2012-029 Calvin L. Scovel III Inspector General The Secretary Acting Federal Aviation Administrator Assistant Secretary for Aviation and International Affairs Date: September 24, 2012 From: To: Since its inception, the aviation industry has undergone significant transformations as a result of technological developments, economic pressures, and other factors. Most recently, economic recession and recurrent high fuel costs have challenged U.S. airlines, which have taken a number of actions to lower costs and increase revenue—including capacity reductions, fare increases, baggage fees, and mergers. Beginning in 2002, the Office of Inspector General has issued periodic reports regarding the performance of the aviation industry. This report, the 11th in the series, focuses primarily on industry performance during the 2008–2011 period and summarizes long-term trends since 2000. This report also highlights issues related to changes in airlines’ business environment, the industry’s reactions to those changes, and the impact of these actions on the traveling public...
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...methods of research. Thanks to Internet Information Providers, you have all the libraries you need located on the World Wide Web. By typing in a question or a few key words in a search engine, you have hundreds of thousands of search results with all the answers you need. Engines like Google, Yahoo, and Bing are now enveloped into people’s everyday lives. Here are a few numbers to show us how important this industry has become (2010): * Google: 34,000 searches per second (2 million per minute; 121 million per hour; 3 billion per day; 88 billion per month) * Yahoo: 3,200 searches per second (194,000 per minute; 12 million per hour; 280 million per day; 8.4 billion per month) * Bing: 927 searches per second (56,000 per minute; 3 million per hour; 80 million per day; 2.4 billion per month) (Mcgee, 2010). According to Yahoo Finance, on June 17, 2011 the market capitalization of the industry is $558 billion, Price/Earnings is 22.4, Price/Book is 4.6, Net Profit Margin is 23.1%, Return on Equity is 17.5%, Total Debt/Equity is 26.3, and the dividend yield is 1.2% (Yahoo! Inc., 2011). One of the biggest leaders of this industry is Google Inc. Google Stands Strong In 1998, Google was launched with about 25 million pages. Today Google index is billions and billions of pages, which is roughly around 100 million gigabytes (Google, Inc, 2011). Google not only provides a top search engine, it also has its hands in search advertising, display advertising, mobile advertising...
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...this month in a record-breaking flotation. The first investment from Peter Thiel was $500,000 into Facebook. Facebook has minted four billionaires: Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin and Sean Parker. The 27-year-old Zuckerberg's net worth was estimated at $17.5bn on the 2011 Forbes list of the wealthiest Americans. Moskovitz had a net worth of $3.5bn but pipped Zuckerberg for the title of world's youngest billionaire, being eight days younger. The Brazilian-born Saverin, who left Facebook early on after a falling-out with Zuckerberg, had a net worth of $2bn. Parker, the Napster co-founder who briefly served as Facebook's president, had a net worth of $2.1bn On November 15, 2010, Facebook announced it had acquired the domain name fb.com from the American Farm Bureau Federation for an undisclosed amount. On January 11, 2011, the Farm Bureau disclosed $8.5 million in "domain sales income", making the acquisition of FB.com one of the ten highest domain sales in history Nowadays, 1 in every 13 people on earth uses Facebook, more than 900m active users, with over 250 million of them who log in every day. The average user has about 130 friends, but that has expanded in. The core 18-24 year old segment is now growing the fastest at 74% year on year. Almost 72% of all US internet users are on now Facebook, while 70% of the entire user base is located outside of the US. (Source: Facebook) At the beginning, Facebook has 1 million users. In 2008, it increased to...
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...Rewarded with a smile by exceeding your expectations Annual Report 2011 Year ended March 31, 2011 TOYOTA MOTOR CORPORATION Leading the way to the future of mobility A future mobility that links people with products and services Toyota's Global Vision not only calls for building better cars, but also expresses our goal of contributing to the creation of better communities. Toyota is developing new products and services for the future of mobility, with the goal of realizing practical, low-carbon mobility; new lifestyles; broad application of environmental technologies and infrastructure for safer mobility. Fruit Fruit Ever-better cars Develop vehicles that exceed expectations Enriching lives of communities Contribute to communities Contribute to the future of mobility Sustainable growth Constantly strive for the "ever-better cars" and "enriching lives of communities" goals by ensuring sustainable profitability with a long-term point of view. Trunk Stable business base Roots Toyota values The Toyoda Precepts Guiding Principles at Toyota The Toyota Way Tomorrow's environment-friendly vehicles, new business activities 2 Meeting challenging goals by engaging talents and passion Building cars that meet the needs of people in every region Toyota seeks to build ever-better cars that meet the needs of consumers and society, based on our principles of “customerfirst,” “genchi genbutsu” (onsite, handson experience) and “good quality, affordable...
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...The Millennial Reign of Christ Derrick Holland Andersonville Theological Seminary Abstract The Millennial kingdom refers to the thousand-year reign of Christ specifically mentioned in Revelation 20:1-6. The significance of the Millennial Reign of Christ when it comes to human history. Since the beginning of time, in the Garden of Eden, man has been set on a course that will ultimately end in the Second Coming of Christ. There have been multiple signs and warnings that have come and gone throughout history, and each time, mankind has reaffirmed the belief that the end time was near. The Millennial Reign of Christ Massive confusion exists within Christian churches about the “Millennium,” a unique thousand-year period depicted in the book of Revelation. Some teach this period is entirely symbolic, and not worth fretting over. Others say we’re in the Millennium now, and that it began when Jesus Christ defeated Satan by His death, burial, and resurrection. Most prophecy teachers contend that this apocalyptic period is still future, that it will immediately follow the Second Coming of Jesus Christ, and will be a time of universal peace on earth as Jesus Christ governs all nations from Jerusalem. But what is the real truth about the thousand years? To discover the answer, one must carefully examine the only authoritative source where it’s taught, the Bible, especially chapter 20 in the book of Revelation. (Wohlberg, 2007) Here’s Revelation 20 in its entirety: And I saw...
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...You Decide: MERCK ACQUISITION OF MEDCO “Takeover can be both a problem and a solution”. However the merge between Merck & Company, the world’s largest drug manufacturer, which planned to acquire, for $6.6 billion, Medco Containment Services Incorporated, the largest prescription benefits management company (PBM) and marketer of mail-order medicines in the United States is a solution. As anyone may know, the increasing pace of merge activity during the past two decades is related to the power change forces listed in the textbook (Weston, P. 3). Even though overriding other forces are technological changes, which include computers, computers services, software, servers, and the many advances in information systems, including internet. However, Economies of scale, complementarities seems to be an efficiency gain to be achieved in order to stay competitive in the today’s economy characterized by the globalization. By the way, Lot of changes has taken place in the health care industry. And the most significant change involves the growth of managed care in the health care industry. Managed care plans typically provide members with medical insurance and basic health care services, using volume and long-term contracts to negotiate discounts from health care providers. In addition, managed care programs provide full coverage for prescription drugs more frequently than do traditional medical insurance plans. Industry expert’s estimate that by the turn of the century, 90% of Americans...
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...highly price sensitive ranks thirteenth in the global pharmaceutical market in value terms and fourth in volume terms. The country has tremendous export potential in the areas like custom synthesis, R&D, clinical trials, and Bioinformatics. The industry produces 60,000 finished medicines and roughly 400 bulk drugs, which are used in formulations with about 20% of the manufacturers in the bulk drugs segment. India has approximately 1% share of global pharma industry, which is worth US$406 billion. This implies that there is a huge market waiting to be unfolded. The figure below explains the evolution of Indian pharmaceutical industry: Figure 1: Progress Of Indian Pharmaceutical Industry Source: Pharmabiz.com (Article by Dr. Laxman Prasad) 2. Industry Structure and Size 2.1 Industry Structure The Indian Pharma industry is highly fragmented and can broadly be classified in to two categories: organized and unorganized sector. Figure 2: Revenues of Organised vs. Unorganised Sector Source: Secondary Research The organized sector contributes about 70% of the total revenues and consists of 260 units in both manufacturing as well as formulation segment. This sector can further be divided into Indian and multinational companies. The unorganized sector is highly fragmented and contributes about 30% of the total revenues. This segment consists of around 20,000 manufacturing units. Very few entry barriers helped small companies set up shop and operate...
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...ISU Controversial Issues in World Religions Evolution vs. Creation In society, there are many diverse issues that raise intense controversy. One that is particularly interesting is the ongoing conflict between the world of science and some segments of religious society. This essay will refer to the debate between evolution and creationism which has ranged through the course of human history, but intensified as the science and evolving proofs of evolution are generated. Evolution has proved that Creationist beliefs and their denial defy logic, science and reality. One of the most common questions that humanity tends to ask itself is where we came from and how we came to be. It is inherent to every human being to ask himself about their origin and purpose of their existence. Humanity’s first attempt to answer these questions was religion (Christianity, Judaism, Islamic); however science has introduced an alternative to religion’s so called answer, evolution. The current argument began with an English naturalist by the name of Charles Darwin. Darwin was the first to propose the theory of evolution, which states that mankind, through genetic mutation and natural selection, evolved from a common ancestor over a prolonged period based on natural selection processes. This theory directly defied religious beliefs at the time; more specifically those of the Catholic church which believes in creationism, or in a more general sense intelligent design. Creationism...
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...Economic Benefits of Cannabis Legalization * Excise Taxes $2.2 - $6.4 Billion * Sales Taxes $0.2 - $1.3 Billion * Enforcement Savings $6 - $9 Billion * Hemp Industry $6 - $10 Billion * Others: Spinoff industries, Reduced hard-drug and alcohol abuse untaxed free market In an untaxed free market, cannabis ought to be as cheap as other leaf crops. Bulk marijuana might reasonably retail at the price of other medicinal leaf herbs, around $.75 -$1.50 an ounce. Premium grades might be compared to fine teas, which range up to $2 per ounce, or to pipe tobacco, which retails for $1.25-$2.00. High grade domestic sinsemilla might however cost somewhat more, due to the relatively lower yield of cannabis compared to tea and tobacco, and the high level of U.S. labor costs. Cultivation expert Ed Rosenthal estimates that domestic labor costs could be as high as $5 per ounce. Advertisements from medical catalogs indicate that cannabis cost about $2.50-$5 per pound in 1929-30. [01] Adjusting for inflation, this works out to $1.20-$2.40 per ounce, a breathtaking 100- to 300-fold reduction from today's illicit prices, which range from $100- $200 per ounce for low-grade Mexican to $400- $600 per ounce for high-grade sinsemilla. Abstract: Marijuana legalization offers an important advantage over decriminalization in that it allows for legal distribution and taxation of cannabis. In the absence of taxation, the free market price of legal marijuana would be extremely low,...
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...Refreshing A Thirsty World Chief Financial Officer CAGNY 2012 Gary Fayard Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Company’s historical experience and our present expectations or projections. These risks include, but are not limited to, obesity and other health concerns; scarcity and quality of water; changes in the nonalcoholic beverages business environment, including changes in consumer preferences based on health and nutrition considerations and obesity concerns; shifting consumer tastes and needs, changes in lifestyles and competitive product and pricing pressures; risks related to the assets acquired and liabilities assumed in the acquisition, as well as the integration, of Coca-Cola Enterprises Inc.'s former North American business; continuing uncertainty in the credit and equity market conditions; increased competition; our ability to expand our operations in developing and emerging markets; foreign currency exchange rate fluctuations; increases in interest rates; our ability...
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...companies are becoming younger and younger better known as generation ‘X”. From Facebooks owner Mark Zuckerberg to the two fledgling faces of Google Larry Page and Sergey Brin, what use to look like a three piece suit and loafers now look like khakis, a polo style shirt and Sperry’s. The world is changing and so is the way we bank, date, shop and for the most part find answers to anything we need to know. From BackRub’s To Google Google has become a household name so much so that in two-thousand six, Oxford English Dictionary added the word “Google” as a verb and has become a chosen way of researching almost anything for some as results will show later on in this paper. In nineteen ninety-six two Stanford University college students formed a company called BackRub which was created to find the significance of certain webpages. This search engine was made available to the student body of Stanford University only; and within four months the search engine was receiving over ten thousand searches daily which was a clear indication that there was a great need for a service of this kind and a positive future for these two entrepreneurs. Google offers a wide variety of services and a host of tools to effectively utilize them. Businesses from around the world use Google services to succeed on and off of the internet. Googles advertising programs range from simple text ads to rich media ads, these help businesses find customers, and help publishers make money off of their...
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...Shareholding Pattern 9. The Director’s Report 10.The Auditor’s Report 11.Financial Ratios & Analysis 12. Horizontal Analysis a) Income Statement b)Balance Sheet 13. Vertical Analysis a)Balance Sheet b) Income Statement 14. Financial Analysis & Conclusions i) Gross Profit Margin ii) Net Profit Margin iii) Return on Assets iv) DPS & EPS 15. Annexure 16. References 1. Introduction Wyeth, formerly one of the companies owned by American Home Products Corporation (AHP), is a pharmaceutical company The company was based in Madison, New Jersey, USA. They were known for manufacturing the over-the-counter (OTC) drugs Robitussin and the analgesic Advil (ibuprofen), as well as the prescription drugs Premarin and Effexor, which both boast over US$3 billion in sales annually. Wyeth has multiple subsidiaries in different countries of the world its Pakistan branch is known as Wyeth Pakistan Limited. This is a public limited company incorporated in 1949 in Pakistan. The company is listed on the Karachi and Lahore Stock exchange. The company is engaged in manufacturing and marketing of research based ethical specialties and other pharmaceutical products. 2. History & Profile Late 18th Century In 1860, pharmacists John (1834–1907) and Frank Wyeth opened a drugstore with a small research lab on Walnut Street in Philadelphia. In 1862, on the suggestion of doctors, they began to manufacture large quantities of commonly ordered medicines. They were successful, and in 1864 they began supplying medicines...
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...mimic what they see. It is usually forbidden by parents so it attracts their attention. Some teens want to rebel and so they try it. Other teens are pressured into it by their peers. The problem is they get addicted and they cannot stop. These teens grow up and become adult smokers. Three out of every one hundred middle school students have tried cigarettes and at least nine out of every one hundred high school students have tried them in the past thirty days. Teen use of tobacco in any form is unsafe. If smoking continues at the current rate among teens in this country, 5.6 million of today’s Americans younger than eighteen will die early from a smoking-related illness. That’s about one of every thirteen Americans aged seventeen years or younger alive today. Smoking cigarettes causes stroke and coronary heart disease which is among the leading causes of death in the United States. Smoking cigarettes also causes lung diseases called COPD’s. This includes emphysema and chronic bronchitis. Cigarette smoking causes most kinds of cancer. Smoking cigarettes can cause cancer almost anywhere in your body. It causes bladder, cervix, colon and rectum, esophagus, kidney, liver, pancreas, stomach, trachea, bronchus and...
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