Nowadays, the information processing system plays crucial part in the internet. Online information security
has become the top priority in all sectors. Failing to provide online information security may cause loss of
critical information or someone may use or distribute such information for malicious purpose. Recently QR
barcodes have been used as an effective way to securely share information. This paper presents the survey
on information hiding techniques which can share high security information over network using QR
barcode
Cryptography technology is a security technique used to change plain text to another shape of data or to
symbols, which is known as the cipher text. Cryptography aims to keep the data secure during its journey
through public networks. Currently, there are many proposed algorithms that provide this service
especially for sensitive data or very important conversations either through mobile or video conferences. In
this paper, an inventive security symmetric algorithm is implemented and evaluated, and its performance is
compared to the AES. The algorithm has four different rounds for each quarter of the key container table,
and each of them serves to shift the table. The algorithm uses the XOR operation, which, being lightweight
and cheap, is very appropriate for use with Real Time Applications. The result shows that the suggested
algorithm spends less time than AES although it has 16 rounds and the numbers used to mix up the table
are big.
Nowadays, the information processing system plays crucial part in the internet. Online information security
has become the top priority in all sectors. Failing to provide online information security may cause loss of
critical information or someone may use or distribute such information for malicious purpose. Recently QR
barcodes have been used as an effective way to securely share information. This paper presents the survey
on information hiding techniques which can share high security information over network using QR
barcode
Cryptography technology is a security technique used to change plain text to another shape of data or to
symbols, which is known as the cipher text. Cryptography aims to keep the data secure during its journey
through public networks. Currently, there are many proposed algorithms that provide this service
especially for sensitive data or very important conversations either through mobile or video conferences. In
this paper, an inventive security symmetric algorithm is implemented and evaluated, and its performance is
compared to the AES. The algorithm has four different rounds for each quarter of the key container table,
and each of them serves to shift the table. The algorithm uses the XOR operation, which, being lightweight
and cheap, is very appropriate for use with Real Time Applications. The result shows that the suggested
algorithm spends less time than AES although it has 16 rounds and the numbers used to mix up the table
are big.
A proposed assessment metrics for image steganographyijcisjournal
Data security has become an important problem in the communication systems. Steganography is used to
hide existence of a secret-message. In this article a modified Steganography algorithm will be proposed
depending on decomposition principle of both secret-message and cover-image. A fuzzification is
performed in the secret message to optimize the decomposed coefficients before embedding in the coverimage
to get a Stego Image. The well known metrics (Cor., MSE, PSNR, and Entropy) were used to
evaluate the modified algorithm. Also, a trade-off factor was introduced to determine an optimum value for
the embedding strength factor to get an acceptable degradation. Moreover to evaluate and assess the
modified algorithm and any Steganography algorithms, a new histogram metrics are proposed which
represents the relative frequency occurrence of the various images.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. Horsham, Pennsylvania 19044-2323
The Exeter Berkshire at North Grafton Ridge
North Grafton, Massachusetts
A Letter to Our Shareholders:
1st Quarter Report
First Quarter Report
For the Three Months Ended January 31, 2006
some buyers who don’t want to wait a year for
For our first quarter ended January 31, 2006,
250 Gibraltar Road
their homes.
net income rose 49% to $163.9 million, and
earnings per share rose 48% to 98 cents per
In our second, third, and fourth quarters,
share. Revenues rose 35% to $1.34 billion.
we project opening approximately 100 new
Our first quarter-end backlog rose 22% to $5.95
communities, and closing out sales at
billion, and signed contracts of $1.14 billion
approximately 90 current ones, which should
declined 21%, compared to FY 2005’s record
bring us to approximately 265 selling
first quarter results. Our earnings, revenue,
communities by FYE 2006. We believe these
and backlog totals were first quarter records,
new communities should provide a boost to
while contracts were our second highest for a
sales, as they are not constrained in their
first quarter.
ability to sign new contracts due to long
existing backlogs.
Selling homes this first quarter was certainly
more difficult than one year ago; we faced a
Based on strong demographics, restrictive land
particularly challenging comparison to last year,
approval regulations, and our supply of 87,000
as signed contracts in FY 2005 rose 60% versus
lots, we believe Toll Brothers is well positioned
FY 2004. Last year’s second quarter contracts
for growth. Our primary goal is to grow our
grew 38% versus second quarter FY 2004, so
earnings and revenues, as we have for the past
comparisons will remain challenging.
fifteen years. We shall continue to find great land
deals, broaden our product lines, expand
Based on our current projections, FY 2006’s
geographically, and build our brand.
financial results should either be the best or
second best year in our history. We estimate FY
Although organic growth is our main strategy,
2006 net income should be between $790 and
we remain open to share repurchases and other
$870 million, earnings per share should be
opportunities to increase shareholder value.
between $4.77 and $5.26, and return on
Since February 1, 2006, the start of our second
beginning equity should be approximately 30%.
quarter, we have repurchased about 1 million
shares. This is in addition to the 2.6 million
In 2005, demand for new homes in many
shares we acquired in the previous two quarters.
markets was propelled to unsustainable levels by
speculative buying. We are now on the other
We thank our shareholders and our home
side of that slope. Speculative demand has
buyers for their support, and our associates,
ceased. Speculators are now putting their homes
whose commitment to excellence, quality, and
back on the market. The result has been more
customer service drives our growth in size
supply than demand in some regions. Markets,
and spirit.
such as metro Washington, D.C., and Orlando,
Florida, which are sound economically and
showing healthy job growth, will need to work
through their excess supply before the
imbalance once again tips in our favor. When
that happens, we believe builders such as Toll ROBERT I. TOLL BRUCE E. TOLL
Chairman of the Board and Vice Chairman
Brothers, who control the largest share of well
Chief Executive Officer of the Board
located, approved sites, should prosper.
We continued to be constrained by long delivery
times at many of our communities. During this
ZVI BARZILAY
first quarter, about 43% of our communities
President and Chief Operating Officer
were operating with projected delivery times of
eleven months or more, which might deter February 23, 2006
2. Corporate Profile Consolidated Condensed Statements of Income
Five-Year Performance Overview (Amounts in thousands, except per share data)
Toll Brothers, Inc. is the nation’s leading builder of luxury homes. The Company began business in 1967 and became a public
Three Months Ended January 31
(Unaudited)
company in 1986. Its common stock is listed on the New York Stock Exchange and the Pacific Exchange under the symbol
$1,341.0
2006 2005
“TOL.” The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in Arizona,
Revenues
California, Colorado, Connecticut, Delaware, Florida, Illinois, Massachusetts, Maryland, Michigan, Minnesota, Nevada, New
Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, and West Virginia. Traditional home sales $ 1,278,709 $ 989,097
$990.3
Percentage of completion 57,569
Toll Brothers builds luxury single-family detached and attached home communities; master planned luxury residential,
$1,443
Land sales 4,678 1,225
resort-style golf communities; and urban low-, mid-, and high-rise communities, principally on land it develops and improves.
1,340,956 990,322
The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course
$595.6
$567.3
$1,140
development and management, home security, landscape, and cable T.V. and broadband Internet delivery subsidiaries. The
$489.1
Costs of Revenues
Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
Traditional home sales 884,091 685,493
$903
Toll Brothers is the only publicly traded national home building company to have won all three of the industry’s highest
Percentage of completion 47,346
honors: America’s Best Builder, the National Housing Quality Award, and Builder of the Year.
$163.9
Land sales 3,836 779
$583
Interest 28,754 21,812
$483
Consolidated Condensed Balance Sheets 964,027 708,084
06
02 03 04 05
$5,947
Total Revenues (in millions)
$110.2
(Amounts in thousands)
Selling, general and administrative 139,178 107,065
Three Months Ended January 31
Jan. 31 Oct. 31
$4,888
Income from operations 237,751 175,173
2006 2005
Other
Assets (Unaudited) 06
02 03 04 05
Equity earnings from unconsolidated entities 16,569 1,935
$50.1
Contracts (in millions)
Cash and cash equivalents $ 363,563 $ 689,219
$45.4
$44.5
$2,945
Interest and other 11,327 6,883
Three Months Ended January 31
Inventory 5,531,129 5,068,624
Income before income taxes 265,647 183,991
Property, construction, and office equipment, net 88,444 79,524
$1,884
Income taxes 101,797 73,798
Receivables, prepaid expenses, and other assets 178,008 185,620
$1,404
Net income $ 163,850 $ 110,193
Contracts receivable 57,569
06
02 03 04 05
Mortgage loans receivable 49,017 99,858
Net Income (in millions) Earnings Per Share
Customer deposits held in escrow 85,126 68,601 Basic $ 1.06 $ 0.73
Three Months Ended January 31
Investments in and advances to unconsolidated entities 206,222 152,394 Diluted $ 0.98 $ 0.66
06
02 03 04 05
$ 6,559,078 $ 6,343,840 Weighted-average number of shares
Backlog (in millions)
Basic 155,076 151,653
At January 31
Liabilities and Stockholders’ Equity
Diluted 167,027 166,084
Liabilities
Loans payable $ 388,847 $ 250,552 Housing Data 2006 2005
Senior notes 1,140,312 1,140,028 (Three Months Ended January 31)
Senior subordinated notes 350,000 350,000 Number of homes closed 1,879 1,590
Mortgage company warehouse loan 38,406 89,674 Revenues from home sales (in millions) $ 1,336.3 $ 989.1
Customer deposits 432,608 415,602 Number of homes contracted 1,544 2,173
Accounts payable 226,763 256,557 Value of contracts signed (in millions) $ 1,139.9 $ 1,443.1
Accrued expenses 735,641 791,769 At January 31,
Income taxes payable 300,610 282,147 Value of backlog - net (in millions) $ 5,946.6 $ 4,887.9
Total liabilities 3,613,187 3,576,329 Number of homes in backlog 8,635 7,292
Number of lots controlled 87,078 63,055
3,940 3,940
Minority Interest
Statement on Forward-Looking Information
The Chelsea Federal at Tall Trees at Thornbury
Stockholders’ Equity Certain information included herein and in our other reports, SEC filings, statements, and presentations is forward-looking within the meaning of the Private
Glen Mills, Pennsylvania Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning anticipated operating results, financial resources, changes in
Common stock 1,563 1,563
revenues, changes in profitability, interest expense, growth and expansion, anticipated income to be realized from our investments in unconsolidated entities,
Additional paid-in capital 228,110 242,546 the ability to acquire land, the ability to secure governmental approvals, the ability to open new communities, the ability to sell homes and properties, the ability
Toll Brothers, Inc. Corporate Office
to deliver homes from backlog, the average delivered price of homes, the ability to secure materials and subcontractors, the ability to maintain the liquidity and
Retained earnings 2,739,911 2,576,061 250 Gibraltar Road, Horsham, PA 19044 215-938-8000 TollBrothers.com NYSE: TOL capital necessary to expand and take advantage of future opportunities, and stock market valuations. Such forward-looking information involves important risks
Treasury stock, at cost (27,633) (56,599) and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in our other reports,
Investor Relations SEC filings, statements, and presentations. These risks and uncertainties include local, regional, and national economic conditions, the demand for homes,
Total stockholders’ equity 2,941,951 2,763,571
domestic and international political events, uncertainties created by terrorist attacks, the effects of governmental regulation, the competitive environment in
Frederick N. Cooper, Senior Vice President - Finance 215-938-8312 fcooper@tollbrothersinc.com
$ 6,559,078 $6,343,840 which we operate, fluctuations in interest rates, changes in home prices, the availability and cost of land for future growth, the availability of capital, uncertainties
Joseph R. Sicree, Senior Vice President - Chief Accounting Officer 215-938-8045 jsicree@tollbrothersinc.com and fluctuations in capital and securities markets, changes in tax laws and their interpretation, legal proceedings, the availability of adequate insurance at
For more information, visit our Web site, TollBrothers.com reasonable cost, the ability of customers to finance the purchase of homes, the availability and cost of labor and materials, and weather conditions.
TOL-1604