The document recommends buying shares of Compal Communications (8078.TW) and reiterates a "Buy" rating. It raises earnings estimates for 2012-2013 due to stronger expected sales from Nokia's launch of Windows Phone 7 smartphones, which Compal will manufacture. The analyst increases the 12-month price target to NT$70 from NT$52 previously. Key risks include disappointing Nokia smartphone demand and a weak macroeconomic environment.
NAPCO Security Technologies, Inc. (Nasdaq: NSSC) is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. The Company consists of NAPCO plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA.
TIM Participações S.A. reported its 4Q07 and full year 2007 results. Key highlights included meeting or exceeding all 2007 targets, with total net revenues growing 14.6% and mobile subscriber base reaching 31.3 million. TIM maintained its leading market share of mobile subscribers at 25.8% and reported a positive net income in 4Q07 and for the full year 2007. The company continued to expand its commercial strategy through convergence offers and low-cost plans, while optimizing sales channels and reducing subscriber acquisition costs.
TIM Participações S.A. reported its results for the second quarter of 2008. [1] The company saw a 1% growth in average revenue per user (ARPU) despite an overall market drop, supported by increased minutes of use. [2] Value-added services revenue grew 21% quarter-over-quarter and 49% year-over-year. [3] EBITDA increased 19% quarter-over-quarter to R$637 million, with a recovering EBITDA margin of 20.0%, despite partial spillover of trends from the first quarter of 2008.
The document recommends buying E Ink Holdings Inc. stock, reiterating it as a "Buy". It updates forecasts for the e-reader market, raising volume projections 13% through 2015. Strong 3Q earnings for E Ink highlight its competitive position in e-readers. While near-term growth may slow, expansion by Amazon and others into new markets will enhance the e-book ecosystem and strengthen E Ink. The target price is raised to NT$94, implying 12.7x 2012 P/E, based on higher estimates. Risks include price pressure and customer concentration.
charter communications 1Q_2008_Earnings_Presentationfinance34
Charter Communications reported first quarter 2008 results. Revenue grew 10.5% to $1.56 billion driven by strong growth in high-speed internet, telephone, and commercial customers. Adjusted EBITDA also increased 10.5% to $545 million. The company added over 302,000 customers during the quarter and nearly doubled telephone customers year-over-year. Charter aims to continue growing revenue and adjusted EBITDA through bundling video, internet, and telephone services and increasing penetration of triple play customers.
Al Fried Llc Analytics Report CVC 070909 Ak Markedttgoods
The analyst initiates coverage of Cablevision Systems Corp. (CVC) with a BUY rating and $23 price target. Some key points from the summary:
- CVC has a recurring revenue model from telecom services that will see strong retention in a weak economy.
- Madison Square Garden is viewed as a hidden asset not fully reflected in CVC's stock price.
- A sum-of-the-parts valuation estimates CVC's equity is worth $22.86 per share, representing 30% upside to the target price.
Intel reported strong third quarter 2009 results with revenue and earnings per share above estimates. Revenue grew 23% from a year ago due to strong demand for notebook processors. Gross margins improved to nearly 58% due to higher sales volumes spreading fixed costs. However, Intel remains closely tied to the global PC market and economic cycles. The analyst maintains a long-term "Core Holding" rating due to Intel's position in portable computing and potential for a corporate refresh cycle in 2010.
FY 2010 Results & Plan Update - L. LucianiGruppo TIM
This document summarizes TIM Brasil's 2010 results and provides an update to its plan. Key highlights from 2010 include growing revenues by 5.1% and EBITDA margin by 2.9 percentage points. TIM Brasil expanded its customer base by 24% to 51 million lines and gained market share. It achieved a top brand position and network quality leadership. The document also discusses lessons learned in 2010 around matching growth and profitability. It notes TIM Brasil's approach of addressing the entire market and challenging traditional models helped drive its success. The presentation provides an overview of opportunities in Brazil's growing mobile market and expanding middle class.
NAPCO Security Technologies, Inc. (Nasdaq: NSSC) is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. The Company consists of NAPCO plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA.
TIM Participações S.A. reported its 4Q07 and full year 2007 results. Key highlights included meeting or exceeding all 2007 targets, with total net revenues growing 14.6% and mobile subscriber base reaching 31.3 million. TIM maintained its leading market share of mobile subscribers at 25.8% and reported a positive net income in 4Q07 and for the full year 2007. The company continued to expand its commercial strategy through convergence offers and low-cost plans, while optimizing sales channels and reducing subscriber acquisition costs.
TIM Participações S.A. reported its results for the second quarter of 2008. [1] The company saw a 1% growth in average revenue per user (ARPU) despite an overall market drop, supported by increased minutes of use. [2] Value-added services revenue grew 21% quarter-over-quarter and 49% year-over-year. [3] EBITDA increased 19% quarter-over-quarter to R$637 million, with a recovering EBITDA margin of 20.0%, despite partial spillover of trends from the first quarter of 2008.
The document recommends buying E Ink Holdings Inc. stock, reiterating it as a "Buy". It updates forecasts for the e-reader market, raising volume projections 13% through 2015. Strong 3Q earnings for E Ink highlight its competitive position in e-readers. While near-term growth may slow, expansion by Amazon and others into new markets will enhance the e-book ecosystem and strengthen E Ink. The target price is raised to NT$94, implying 12.7x 2012 P/E, based on higher estimates. Risks include price pressure and customer concentration.
charter communications 1Q_2008_Earnings_Presentationfinance34
Charter Communications reported first quarter 2008 results. Revenue grew 10.5% to $1.56 billion driven by strong growth in high-speed internet, telephone, and commercial customers. Adjusted EBITDA also increased 10.5% to $545 million. The company added over 302,000 customers during the quarter and nearly doubled telephone customers year-over-year. Charter aims to continue growing revenue and adjusted EBITDA through bundling video, internet, and telephone services and increasing penetration of triple play customers.
Al Fried Llc Analytics Report CVC 070909 Ak Markedttgoods
The analyst initiates coverage of Cablevision Systems Corp. (CVC) with a BUY rating and $23 price target. Some key points from the summary:
- CVC has a recurring revenue model from telecom services that will see strong retention in a weak economy.
- Madison Square Garden is viewed as a hidden asset not fully reflected in CVC's stock price.
- A sum-of-the-parts valuation estimates CVC's equity is worth $22.86 per share, representing 30% upside to the target price.
Intel reported strong third quarter 2009 results with revenue and earnings per share above estimates. Revenue grew 23% from a year ago due to strong demand for notebook processors. Gross margins improved to nearly 58% due to higher sales volumes spreading fixed costs. However, Intel remains closely tied to the global PC market and economic cycles. The analyst maintains a long-term "Core Holding" rating due to Intel's position in portable computing and potential for a corporate refresh cycle in 2010.
FY 2010 Results & Plan Update - L. LucianiGruppo TIM
This document summarizes TIM Brasil's 2010 results and provides an update to its plan. Key highlights from 2010 include growing revenues by 5.1% and EBITDA margin by 2.9 percentage points. TIM Brasil expanded its customer base by 24% to 51 million lines and gained market share. It achieved a top brand position and network quality leadership. The document also discusses lessons learned in 2010 around matching growth and profitability. It notes TIM Brasil's approach of addressing the entire market and challenging traditional models helped drive its success. The presentation provides an overview of opportunities in Brazil's growing mobile market and expanding middle class.
8 scientifically validated tools to drive advocacy, leading to longterm profitable relationships with your client base:
- Member get Member
- Beta Testing
- Hawthorne Effect
- Ambassador Programme
- Causal Campaigns
- Community Platforms (user help user)
- Advocacy Tracking (NPS & else)
- Innovation (Products/Service)
Nagarjuna Construction Company (NCC) reported disappointing 1QFY2011 results with revenues growing only 8.5% year-over-year, below expectations. Operating margins were in line with estimates at 9.7% however. The company maintained full-year revenue guidance of Rs5,800cr. NCC has a strong order backlog of Rs16,051cr, providing revenue visibility. While results were below estimates, management sees potential in its diversified operations and order backlog. The stock remains undervalued and analysts maintain a "Buy" rating given growth opportunities.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. It aims to lead in next generation broadband, lead the on-demand TV revolution, and leverage mobile as a third screen. Virgin Media has the best broadband economics due to its high market share and lower costs. It is focusing on upgrading customers to higher broadband tiers, growing on-demand TV and video usage, and integrating mobile offerings. The company expects operational transformation to deliver over £120 million in annual cost savings by 2012.
Telecom Italia – TIM Brasil FY 2011 Preliminary Results and 2012‐14 Plan Outl...Gruppo TIM
- Telecom Italia's TIM Brasil subsidiary reported strong growth in its full-year 2011 preliminary results, with increases in customer base, revenues, EBITDA, and market share.
- TIM Brasil's 2012-2014 plan aims to continue this growth trajectory through expanding its customer base, prioritizing simplicity and efficiency in its marketing strategies, and increasing revenues from both voice and data services.
- Key drivers of growth included a focus on prepaid voice and internet plans, which helped drive significant increases in total voice traffic volumes and daily unique internet users.
charter communications 4Q2007_Earnings_Presentation_vFINALfinance34
This document is the transcript from Charter Communications' 4th quarter and full year 2007 earnings call. It includes:
1) Charter Communications reported consistent revenue and adjusted EBITDA growth in the 4th quarter and full year 2007, driven by strategies to increase bundling penetration and improve customer experience.
2) The company grew revenue from high-speed internet and telephone services through customer growth and increasing ARPU. Bundling phone with cable services drove faster growth and improved customer retention.
3) Charter reduced its debt maturities through 2012 to $367 million and expects adequate liquidity through 2009 to continue investing in growth opportunities and improving service.
Pricing Analytics - Pricing Mobile Data, London 2012cVidya Networks
The document discusses strategies for telecommunications companies to achieve differentiation in mature markets through advanced analytics. It provides examples of how tiered pricing plans can constrain high-usage customers and how new tariff launches can be measured. Additional strategies discussed include zero-rated social networks, happy hours for time-shifting internet usage, speed buttons, and tailored offers personalized for each customer. A case study shows how these analytics helped Orange France think long-term and already outperform main competitors.
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...Gruppo TIM
Telecom Italia outlined TIM Brasil's full-year 2011 results and 2012-2014 plan. Key highlights include:
- TIM Brasil achieved strong growth in 2011, with a 18% increase in revenues. The customer base expanded 56% to over 13 million lines.
- The plan aims to leverage TIM Brasil's mobile leadership through "Mobile over Fixed" and pushing fixed-mobile substitution. This will drive revenue growth towards a 60/40 split between mobile and fixed.
- Three growth opportunities were identified in broadband: 1) expanding fixed-mobile substitution for voice, 2) growing the fixed-mobile substitution for data through TIM's mobile internet offerings, and 3) selectively targeting the A
charter communications 3Q_2008_Earnings_Presentation_vFINALfinance34
Charter Communications held its third quarter 2008 earnings call on November 6, 2008. The document provides a cautionary statement regarding forward-looking statements made on the call. It notes that while Charter believes its plans, intentions and expectations are reasonable, actual results could differ materially due to risks and uncertainties. The document lists some key risk factors that could cause actual results to differ from forward-looking statements.
- The document initiates coverage of Tecnisa (TCSA3) with a target price of R$17.00/share, implying 60% upside.
- It values Tecnisa using a DCF model and peer comparisons, finding shares trade at a significant discount to peers.
- Tecnisa operates as a fully-integrated residential property developer in Brazil, led by its founder for 30 years.
The document provides an analysis of Consolidated Construction Consortium's (CCCL) 4QFY2010 results and outlook. Some key points:
- CCCL reported 33.2% revenue growth for 4QFY2010 inline with estimates, but order inflow for FY2010 was below expectations at Rs2,166cr.
- The company's current order book stands at Rs3,392cr, providing 1.4x revenue visibility for FY2011, which is lower than peers.
- The analyst expects 19.2% revenue CAGR for CCCL over FY2010-2012 on the back of its order book and recovery in private capex.
- C
This document provides an overview of Cummins Power Generation's investor conference in September 2006. It introduces the company's leadership team and other important people. It then discusses Cummins' strategic principles, disclosure of forward-looking statements, and the agenda for the conference, which includes discussing the power generation market, Cummins' financial performance, and sustainability of its performance through growth opportunities and building blocks.
Raffaele Agrusti, Generali's General Manager and CFO, delivered final remarks at the 2010 Investor Day. He highlighted that (1) prudent asset and capital management allowed Generali to remain resilient during the financial crisis. (2) Generali has a strong capital position and will continue optimizing to enhance returns on risk capital. (3) Tight risk controls allow Generali to navigate challenging market conditions. (4) Good returns and diversification from real estate help Generali's performance. (5) Product strategies under Solvency II aim to preserve profitability of traditional products.
1) This report recommends buying shares of GameStop (GME) with a price target of $34.29, up from the current price of $23.64.
2) GameStop has strategically positioned itself to benefit from emerging gaming technologies through acquisitions and investments in e-commerce, social gaming, downloadable content, and cloud streaming.
3) The introduction of new video game consoles from Microsoft, Sony, and Nintendo over the next 2 years is expected to boost overall demand in the industry and GameStop's sales.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Introductions of the senior management team who will be presenting.
The document summarizes Vivo's financial and operating performance in 2Q10. Key highlights include:
- Accelerated growth in revenues and EBITDA compared to previous periods. Revenues grew 10.7% and EBITDA grew 10.6% year-over-year.
- Improved customer mix and market share gains led to a more stable and active customer base, driving increased consumption and revenue per user.
- Data services revenue grew significantly, accounting for 19.4% of revenues and fueling overall growth.
- Solid cash generation supported a dividend payment of R$417 million in April 2010 while consolidating Vivo's leadership position in the market.
Telecom Italia – Telecom Argentina FY 2011 Preliminary Results and 2012‐14 Pl...Gruppo TIM
Telecom Italia's preliminary full-year 2011 results showed strong growth. Revenues increased 26.5% to €3.22 billion and EBITDA rose 24.1% to €1.035 billion. The company's mobile business in Argentina performed well, gaining market share and increasing average revenue per user by 16%. Looking ahead, Telecom Italia outlined plans to continue investing in growth through 2014 to further expand its networks and services.
8 Essential Elements of your Agile UX Playbook [Infographic]TandemSeven
This infographic recommends 8 best practices for creating a viable, streamlined user experience. Follow these steps to garner cohesive, consistent digital experiences.
Social media is commonly misunderstood and misused. It is not a replacement for traditional marketing, but rather a supplement when used appropriately. Businesses need to develop a clear social media strategy that identifies goals, responsibilities, and guidelines for participation. While tools like blogs and wikis can enhance branding and knowledge sharing, constant monitoring is required as social media is not manageable. Experts emphasize starting small, learning from failures, and regularly reviewing strategies to incorporate new developments.
This document provides technical information about various industrial robot models from HIWIN. It includes specifications for the KK, SK, KA, KS, KU, and KE series robots. It discusses features, applications, system components, selection steps, precision, speed, and other characteristics. The document is intended to help customers choose the appropriate robot for their needs.
8 scientifically validated tools to drive advocacy, leading to longterm profitable relationships with your client base:
- Member get Member
- Beta Testing
- Hawthorne Effect
- Ambassador Programme
- Causal Campaigns
- Community Platforms (user help user)
- Advocacy Tracking (NPS & else)
- Innovation (Products/Service)
Nagarjuna Construction Company (NCC) reported disappointing 1QFY2011 results with revenues growing only 8.5% year-over-year, below expectations. Operating margins were in line with estimates at 9.7% however. The company maintained full-year revenue guidance of Rs5,800cr. NCC has a strong order backlog of Rs16,051cr, providing revenue visibility. While results were below estimates, management sees potential in its diversified operations and order backlog. The stock remains undervalued and analysts maintain a "Buy" rating given growth opportunities.
The document discusses Virgin Media's strategy to leverage its network advantages for renewed growth. It aims to lead in next generation broadband, lead the on-demand TV revolution, and leverage mobile as a third screen. Virgin Media has the best broadband economics due to its high market share and lower costs. It is focusing on upgrading customers to higher broadband tiers, growing on-demand TV and video usage, and integrating mobile offerings. The company expects operational transformation to deliver over £120 million in annual cost savings by 2012.
Telecom Italia – TIM Brasil FY 2011 Preliminary Results and 2012‐14 Plan Outl...Gruppo TIM
- Telecom Italia's TIM Brasil subsidiary reported strong growth in its full-year 2011 preliminary results, with increases in customer base, revenues, EBITDA, and market share.
- TIM Brasil's 2012-2014 plan aims to continue this growth trajectory through expanding its customer base, prioritizing simplicity and efficiency in its marketing strategies, and increasing revenues from both voice and data services.
- Key drivers of growth included a focus on prepaid voice and internet plans, which helped drive significant increases in total voice traffic volumes and daily unique internet users.
charter communications 4Q2007_Earnings_Presentation_vFINALfinance34
This document is the transcript from Charter Communications' 4th quarter and full year 2007 earnings call. It includes:
1) Charter Communications reported consistent revenue and adjusted EBITDA growth in the 4th quarter and full year 2007, driven by strategies to increase bundling penetration and improve customer experience.
2) The company grew revenue from high-speed internet and telephone services through customer growth and increasing ARPU. Bundling phone with cable services drove faster growth and improved customer retention.
3) Charter reduced its debt maturities through 2012 to $367 million and expects adequate liquidity through 2009 to continue investing in growth opportunities and improving service.
Pricing Analytics - Pricing Mobile Data, London 2012cVidya Networks
The document discusses strategies for telecommunications companies to achieve differentiation in mature markets through advanced analytics. It provides examples of how tiered pricing plans can constrain high-usage customers and how new tariff launches can be measured. Additional strategies discussed include zero-rated social networks, happy hours for time-shifting internet usage, speed buttons, and tailored offers personalized for each customer. A case study shows how these analytics helped Orange France think long-term and already outperform main competitors.
TIM Brasil Full Year 2011 Preliminary Results & 2012-14 Plan Outline - L. Luc...Gruppo TIM
Telecom Italia outlined TIM Brasil's full-year 2011 results and 2012-2014 plan. Key highlights include:
- TIM Brasil achieved strong growth in 2011, with a 18% increase in revenues. The customer base expanded 56% to over 13 million lines.
- The plan aims to leverage TIM Brasil's mobile leadership through "Mobile over Fixed" and pushing fixed-mobile substitution. This will drive revenue growth towards a 60/40 split between mobile and fixed.
- Three growth opportunities were identified in broadband: 1) expanding fixed-mobile substitution for voice, 2) growing the fixed-mobile substitution for data through TIM's mobile internet offerings, and 3) selectively targeting the A
charter communications 3Q_2008_Earnings_Presentation_vFINALfinance34
Charter Communications held its third quarter 2008 earnings call on November 6, 2008. The document provides a cautionary statement regarding forward-looking statements made on the call. It notes that while Charter believes its plans, intentions and expectations are reasonable, actual results could differ materially due to risks and uncertainties. The document lists some key risk factors that could cause actual results to differ from forward-looking statements.
- The document initiates coverage of Tecnisa (TCSA3) with a target price of R$17.00/share, implying 60% upside.
- It values Tecnisa using a DCF model and peer comparisons, finding shares trade at a significant discount to peers.
- Tecnisa operates as a fully-integrated residential property developer in Brazil, led by its founder for 30 years.
The document provides an analysis of Consolidated Construction Consortium's (CCCL) 4QFY2010 results and outlook. Some key points:
- CCCL reported 33.2% revenue growth for 4QFY2010 inline with estimates, but order inflow for FY2010 was below expectations at Rs2,166cr.
- The company's current order book stands at Rs3,392cr, providing 1.4x revenue visibility for FY2011, which is lower than peers.
- The analyst expects 19.2% revenue CAGR for CCCL over FY2010-2012 on the back of its order book and recovery in private capex.
- C
This document provides an overview of Cummins Power Generation's investor conference in September 2006. It introduces the company's leadership team and other important people. It then discusses Cummins' strategic principles, disclosure of forward-looking statements, and the agenda for the conference, which includes discussing the power generation market, Cummins' financial performance, and sustainability of its performance through growth opportunities and building blocks.
Raffaele Agrusti, Generali's General Manager and CFO, delivered final remarks at the 2010 Investor Day. He highlighted that (1) prudent asset and capital management allowed Generali to remain resilient during the financial crisis. (2) Generali has a strong capital position and will continue optimizing to enhance returns on risk capital. (3) Tight risk controls allow Generali to navigate challenging market conditions. (4) Good returns and diversification from real estate help Generali's performance. (5) Product strategies under Solvency II aim to preserve profitability of traditional products.
1) This report recommends buying shares of GameStop (GME) with a price target of $34.29, up from the current price of $23.64.
2) GameStop has strategically positioned itself to benefit from emerging gaming technologies through acquisitions and investments in e-commerce, social gaming, downloadable content, and cloud streaming.
3) The introduction of new video game consoles from Microsoft, Sony, and Nintendo over the next 2 years is expected to boost overall demand in the industry and GameStop's sales.
The document provides an agenda and overview for an investor and analyst day being held by Virgin Media in London on November 13, 2008. It includes:
1) A disclaimer stating that forward-looking statements in the document involve risks and uncertainties that could cause actual results to differ materially.
2) An agenda for the day's presentations on Virgin Media's strategy, growth initiatives, network strengths, financial structure and regulatory progress.
3) Introductions of the senior management team who will be presenting.
The document summarizes Vivo's financial and operating performance in 2Q10. Key highlights include:
- Accelerated growth in revenues and EBITDA compared to previous periods. Revenues grew 10.7% and EBITDA grew 10.6% year-over-year.
- Improved customer mix and market share gains led to a more stable and active customer base, driving increased consumption and revenue per user.
- Data services revenue grew significantly, accounting for 19.4% of revenues and fueling overall growth.
- Solid cash generation supported a dividend payment of R$417 million in April 2010 while consolidating Vivo's leadership position in the market.
Telecom Italia – Telecom Argentina FY 2011 Preliminary Results and 2012‐14 Pl...Gruppo TIM
Telecom Italia's preliminary full-year 2011 results showed strong growth. Revenues increased 26.5% to €3.22 billion and EBITDA rose 24.1% to €1.035 billion. The company's mobile business in Argentina performed well, gaining market share and increasing average revenue per user by 16%. Looking ahead, Telecom Italia outlined plans to continue investing in growth through 2014 to further expand its networks and services.
8 Essential Elements of your Agile UX Playbook [Infographic]TandemSeven
This infographic recommends 8 best practices for creating a viable, streamlined user experience. Follow these steps to garner cohesive, consistent digital experiences.
Social media is commonly misunderstood and misused. It is not a replacement for traditional marketing, but rather a supplement when used appropriately. Businesses need to develop a clear social media strategy that identifies goals, responsibilities, and guidelines for participation. While tools like blogs and wikis can enhance branding and knowledge sharing, constant monitoring is required as social media is not manageable. Experts emphasize starting small, learning from failures, and regularly reviewing strategies to incorporate new developments.
This document provides technical information about various industrial robot models from HIWIN. It includes specifications for the KK, SK, KA, KS, KU, and KE series robots. It discusses features, applications, system components, selection steps, precision, speed, and other characteristics. The document is intended to help customers choose the appropriate robot for their needs.
Este documento presenta un número de la revista "Académvs", órgano de la Academia Hispánica de Filatelia. Incluye artículos sobre temas filatélicos y de correo como sellos inéditos de España, vuelos de zepelín a Sudamérica, y cartografía postal española. También presenta información sobre las actividades y publicaciones de la Academia.
The document is Textron's 2003 Annual Report. It summarizes Textron's financial performance in 2003, highlights its strategy to transform into a premier multi-industry company through world-class enterprise management and portfolio management competencies, and provides examples of new products and initiatives demonstrating progress on this strategy. Key points include $9.9 billion in revenues, $401 million in income, launching over 120 new products, and initiatives like Six Sigma and shared services projected to significantly boost productivity and performance.
StatPro Revolution brochure - Summer 2012StatPro Group
StatPro Revolution is a cloud-based portfolio analytics service that will transform the way you communicate with your clients. It will reduce your operating costs, enhance your productivity, and fuel a critical understanding of portfolio performance with accurate, up to date performance analytics.
This document discusses how several large companies such as Yahoo, Facebook, and JP Morgan Chase are using Apache Hadoop. It provides examples of how Hadoop is being used for storage, processing massive datasets, and business intelligence. The document also briefly outlines some Hadoop distribution vendors and integration with business intelligence tools.
Este documento define las comunicaciones por computadora y redes, la Internet y el World Wide Web. Explica que la Internet conecta miles de redes alrededor del mundo y surgió de proyectos militares y académicos en los años 1960-1980. También describe los componentes básicos para acceder a la Internet, como navegadores, direcciones URL, lenguajes HTML y HTTP, y motores de búsqueda.
This document discusses key performance indicators (KPIs) for the chief financial officer (CFO) position. It provides information on developing KPIs, including defining objectives, identifying key result areas and tasks, and determining methods to measure results. The document also discusses common mistakes in creating KPIs, such as having too many KPIs, and how to properly design KPIs so they are linked to strategy and empower employees. Finally, it outlines different types of KPIs such as process, input, output, leading, lagging, outcome, qualitative and quantitative.
Adaptaflex is a leading global brand for flexible conduit systems that provides critical power and data cable protection. It has over 6,000 conduit products and supplies major rail, marine, machinery, CCTV and telecom companies. Adaptaflex conduit systems have achieved various industry certifications and approvals through rigorous third party testing. It offers design support, applications engineering and technical assistance throughout projects.
'Médoc, Destination Presqu'île' est le guide officiel de vos vacances en Médoc. Officiel car il est élaboré par les offices de tourisme de la presqu'île, avec des informations mises à jours par leurs soins et gratuites. Vous y trouverez une présentation des grands univers médocains (l'eau, la forêt, le vignoble, le patrimoine, la gastronomie), et des idées balades pour partir à la conquête des grands espaces, entre Atlantique et vignobles. Pour tout autre information sur vos vacances en Médoc, pensez à visiter le site officiel www.medoc-tourisme.com
Compal Communications shares fell due to concerns over HP discontinuing its WebOS hardware business. However, the analyst believes this exaggerates the impact on Compal since it has limited exposure to HP/WebOS and has reallocated resources to other projects like Windows Phone.
The analyst reiterates a Buy rating based on Compal's opportunity as the sole ODM partner for Nokia's Windows Phone smartphones. Near-term catalysts include expected sales increases in August-December as new models launch. Upside to the 12-month price target of NT$50 is based on turnaround potential from Nokia's Windows Phone platform.
Risks include market acceptance of Nokia's Windows Phone strategy and outsourcing approach.
(1) The analyst upgrades Silitech Technology (3311.TW) to Buy from Sell and raises the target price to NT$95 from NT$52 based on the company leveraging its metal housing business to offset concerns about its declining keypad business.
(2) Silitech's recent design win for the popular Samsung Galaxy S2 phone provides evidence that its metal housing business can gain more customers and drive further growth in that business.
(3) The analyst expects Silitech's quarterly and yearly sales to improve compared to past declines as the metal housing business expands, helping to boost its share price over the next 2-3 quarters.
This document upgrades Silitech Technology (3311.TW) to a Buy rating from Sell and raises the target price. While structural concerns remain over its keypad business, Silitech has leveraged its growing metal housing business, securing a key design win with Samsung, to offset headwinds. The analyst expects (1) gradual improvement in year-over-year sales trends, (2) more design wins in metal housing, and (3) new product announcements to drive further growth. The upgraded rating and target price are based on raised earnings estimates through 2013 and an increased price-to-book valuation. Risks include severe competition in metal housing and slow handset demand.
The document recommends buying shares of E Ink Holdings Inc. based on three key points:
1) E Ink's chairman reiterated strong 3Q11 revenue guidance and an increasing outlook for the e-reader market, reinforcing the company's structural growth thesis.
2) Strong sales ramp is expected as Amazon launches new Kindle and tablet devices for the holidays.
3) Upside risks remain to analyst earnings estimates as E Ink remains the dominant display supplier for e-readers.
ITNL is an established surface transportation player and market leader in the road BOT sector with a portfolio of over 7,500 lane km of projects spread across India. The company is expected to benefit from the growing opportunities in the road sector in India, with the NHAI targeting to award around 33,500 km of projects over the next 5 years. However, increasing revenue from low-margin EPC contracts is expected to impact ITNL's margins. The analyst values ITNL on an SOTP basis and initiates coverage with an "Accumulate" recommendation and target price of Rs358 per share.
Cinemax India posted modest revenue growth of 34.1% in 4QFY10 aided by seat additions and big-budget movies, but operating margins declined 138bps due to higher film distribution and rent expenses. Bottom-line grew 353% due to negative tax provisions. The analyst maintains a Buy rating but lowers FY2011-12 estimates and target price to Rs85 due to lower revenue growth expectations and higher costs.
I downgrade Compal Electronics to Sell from Neutral due to downside risks to its 2011 notebook shipment target and margin recovery. Compal's 2Q operating profit of NT$1.96 billion missed consensus estimates. It also faces challenges meeting its overly optimistic 20% notebook shipment growth guidance for 2012 given potential order losses. I lower my earnings estimates and cut my target price to NT$25 per share.
Deccan Chronicle Holdings (DCHL) reported a 7% year-over-year increase in revenue and an 18.4% increase in profits for the first quarter of fiscal year 2011. Revenue was in line with expectations at Rs231.8 crore, driven by a 7% increase in advertising revenue. Profits increased due to a 281 basis point expansion in operating margins and a lower effective tax rate of 14%. The company continued to benefit from low newsprint prices. While advertising revenue growth was driven by higher rates, management expects advertising volumes to recover going forward. DCHL maintained its buy rating based on attractive valuations and growth prospects.
HCL Technologies reported revenue of $803.8 million for the first quarter of fiscal year 2011, up 9% from the previous quarter. Revenue growth was driven by a 7.4% increase in IT services volume and a 1.6% benefit from currency fluctuations. However, earnings before interest and taxes (EBIT) margins declined 242 basis points quarter-over-quarter to 12.9% due to wage inflation, increased hiring, and higher sales and marketing expenses. While margins decreased in the short-term, management expects strong deal pipeline and margin improvement initiatives to drive revenue growth of 27% and EBITDA growth of 17% annually over the next two fiscal years.
Maroc Telecom reported full-year 2012 results with revenues in line with estimates and EBITDA above expectations. While the company expects EBITDA margins to remain stable in 2013, structural challenges remain due to ongoing price cuts and margin pressure in Morocco. The analyst incorporates the results into estimates and raises 2013-2015 EBITDA forecasts slightly but maintains a Sell rating due to risks from upcoming regulatory changes and competitive pressures that could impact margins. The 12-month price target is lowered to €6.8 based on a dividend yield valuation.
Consolidated Construction Consortium (CCCL) reported net sales of Rs.508 crore for 1QFY2011, in line with expectations. Operating margins of 8.3% and net profits of Rs.18.8 crore were also as expected. Order inflows grew 152% year-over-year to Rs.1,706 crore, indicating a revival in commercial and infrastructure segments. CCCL maintains an order backlog of Rs.4,527 crore, providing visibility for the next few years. While margins and profits met estimates this quarter, analysts maintain an 'Accumulate' rating given strong order backlog and expected 20% earnings growth over FY2010-12.
BHEL reported strong results for the first quarter of fiscal year 2011, with revenues growing 16% and profits growing 42% over the same quarter last year. The bottom line growth was driven by lower raw material costs and improved operating efficiencies. While revenue growth was moderate, earnings before interest, taxes, depreciation, and amortization grew substantially due to a 350 basis point expansion in operating margins. Management has guided that order inflows for the full fiscal year will be between Rs58,000-60,000 crore and the order backlog remains robust at Rs148,000 crore as of the end of the quarter. However, competition is increasing in the power equipment market, which could limit BHEL's ability
Infotech Enterprises reported modest revenue growth of 2% for the fourth quarter of fiscal year 2010. Net profit increased 35% due to a 130% rise in other income and lower taxes. While revenue from the engineering and manufacturing segment grew 6%, the utilities, telecom, and government segment declined 6%. Looking forward, the company expects strong revenue growth driven by its order pipeline and improving business environment. The analyst maintains a 'Buy' rating with a target price implying 20% upside.
Idea Cellular reported strong revenue growth of 22.8% year-over-year for the first quarter of FY2011, however margins declined. While revenue was ahead of estimates due to increased mobile usage and subscribers, earnings before interest, taxes, depreciation and amortization (EBITDA) margins fell 4.6% from the prior year due to higher operational costs. Net profit declined 32.2% from the prior year and 24.5% sequentially. The analyst maintains a "Reduce" rating on Idea Cellular shares and sets a target price of Rs58.
Infosys reported strong revenue growth of 12.1% quarter-over-quarter for 2QFY2011, driven by persistent volume growth of 7.2% and better business mix. Operating margins rebounded to 33.3% from cost efficiencies. The company revised its FY2011 revenue guidance upwards to 24-25% growth and EPS growth to 10.4-12.2% in US dollar terms. Broad-based growth was seen across industries like retail, BFSI, and manufacturing as well as geographies like Europe and the US. Hiring continued to be strong though utilisation improved.
Goldman Sachs removes Cheng Uei Precision (Foxlink) from its Asia Pacific Conviction Buy List and downgrades the company to Neutral. The analyst sees limited upside potential to the revised target price of NT$85 due to a margin shortfall in the second quarter and expectations of weaker demand and falling prices for DRAM, one of Foxlink's key components. Earnings estimates are reduced for 2011, 2012, and 2013 to account for lower sales growth and net income. While remaining positive on Foxlink's fundamentals long term, the analyst suggests investors lock in gains at the current level.
Elecon Engineering is a leading provider of material handling equipment and gear solutions in India. It has a 26% market share in the domestic gear market, making it the leader. The company is well positioned to benefit from an estimated Rs32,500 crore of opportunities in the material handling equipment industry over the next few years, driven by growth in core sectors like power, steel, and coal. Elecon's order book and revenues are expected to grow at a CAGR of 40% and 13.5%, respectively, during FY2010-12, supported by a recovery in industrial activity and capital expenditures. The company's strong position in the stable gear market also helps support its profitability.
Elecon Engineering is a leading provider of material handling equipment and gear solutions in India. The company is well positioned to benefit from increasing industrial capital expenditures in sectors like power and steel. The analyst estimates Elecon will grow sales at a CAGR of 13.5% and adjusted profits at 37% over fiscal years 2010-2012 due to improving financials and recovery in the material handling equipment industry. The report initiates coverage on Elecon with a buy recommendation and target price of Rs102 based on attractive valuations and growth opportunities.
Ashok Leyland reported a 72% year-over-year growth in net sales for the second quarter of fiscal year 2011, driven by a substantial 72% increase in vehicle volumes. However, lower-than-expected growth in other businesses restricted overall revenue growth. Operating margins improved due to higher volumes and operating leverage. Net profit jumped 88.5% on the back of revenue growth and better margins. While outlook for the commercial vehicle industry remains positive, the analyst maintains a neutral rating on Ashok Leyland stock.
1) For 2QFY2011, IEL reported 16.9% qoq revenue growth to Rs. 295.5 crore, led by strong volume growth in the UTG and EMI segments.
2) However, IEL's EBITDA margin dipped by 50bps to 15.5% due to unexpected cost escalation from hiring and retention measures, as well as margin dilution from the Wellsco acquisition.
3) Going forward, management expects 8-10% quarterly growth in the coming quarters backed by demand growth in the EMI segment and stability in UTG. However, margins are expected to remain lower in the near term due to currency and cost pressures.
PMI is a Taiwan-based sewing machine manufacturer. In 2014, its quarterly sales growth was between 5-30% year-over-year and its annual net profit increased 47% to NT$316 million. PMI has a strong presence in the Asian sewing machine market with a focus on the Chinese market which accounts for over 50% of its revenue. It expects continued revenue growth over the next two years driven by the implementation of free trade agreements in Asia including the TPP.
1) The document provides financial information and forecasts for a Taiwanese company for 2013-2015. Key metrics like revenue, earnings per share (EPS), and EBITDA are presented on a quarterly and annual basis.
2) EPS is forecast to increase from NT$2.06 in 2013 to NT$2.23 in 2014. Revenue is projected to grow by 6.5% annually from NT$34.7 billion in 2013 to NT$37.9 billion in 2014.
3) EBITDA margins are expected to remain stable around 10% for both 2013 and 2014.
- The document provides financial information and forecasts for a Taiwanese technology company for 3Q13, 4Q13, and 2014.
- For 3Q13, revenue was NT$5.073 billion, a 0.4% QoQ decrease but 5.7% YoY increase. Earnings per share (EPS) was NT$1.15.
- For 4Q13, revenue is forecasted to be NT$5.080 billion, a 0.5% QoQ decrease but 7.3% YoY increase. EPS is forecasted to be NT$1.07.
- For 2014, revenue is forecasted to be NT$12.440 billion and EPS
1) The document discusses KGI Securities' analysis of the compact camera module (CCM) market and key players in 4Q13-1Q14. It forecasts that CCM shipments will decline 15-25% quarter-over-quarter during this period due to seasonality.
2) It provides details on the market share and outlook for major CCM suppliers like TPK, GIS, and LG Innotek, noting that Apple's transition to in-house CCM production for new MacBook lines will significantly impact TPK.
3) The document concludes by reiterating its view that CCM shipments will decline in 1Q14 due to typical seasonal factors but expects growth to resume in 2014
This document provides an analysis of the DRAM market and key memory manufacturers for 2013-2014. It forecasts that DRAM bit shipments will increase 7.4% in 2014 with demand growth from servers, PCs and mobile devices. PC DRAM bit shipments are expected to rise 15.5% in 2014 while mobile DRAM will increase 25.6%. Manufacturers like Samsung and SK Hynix are expected to benefit from this growth in the DRAM market.
Pegatron's stock price is NT$43.80. Macquarie maintains its Outperform rating and raises its 12-month target price to NT$55 from NT$51. Pegatron remains well positioned as the major supplier of Apple's iPhone mini, and iPad mini demand has been better than expected. Macquarie also expects upside from Pegatron's non-core business Casetek and higher-than-expected non-notebook business margins. Macquarie raises its 2013-2014 EPS estimates and sees upside catalysts from new order gains and improving revenue and margins.
Pegatron remains an outperform stock with a 12-month target price of NT$55. The analyst expects solid iPhone mini shipments and margins to drive earnings upside in 2013. Demand for the iPad mini is also better than expected. Rising profits from Casetek also provide upside risk to EPS growth. The consensus EPS estimate for 2013 is conservative and the stock valuation remains attractive.
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc
How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
See how organizational priorities and strategic approaches to data security and privacy are evolving around the globe.
This webinar will review:
- The top 10 privacy insights from the fifth annual Global Privacy Benchmarks Survey
- The top challenges for privacy leaders, practitioners, and organizations in 2024
- Key themes to consider in developing and maintaining your privacy program
Introducing Milvus Lite: Easy-to-Install, Easy-to-Use vector database for you...Zilliz
Join us to introduce Milvus Lite, a vector database that can run on notebooks and laptops, share the same API with Milvus, and integrate with every popular GenAI framework. This webinar is perfect for developers seeking easy-to-use, well-integrated vector databases for their GenAI apps.
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
“An Outlook of the Ongoing and Future Relationship between Blockchain Technologies and Process-aware Information Systems.” Invited talk at the joint workshop on Blockchain for Information Systems (BC4IS) and Blockchain for Trusted Data Sharing (B4TDS), co-located with with the 36th International Conference on Advanced Information Systems Engineering (CAiSE), 3 June 2024, Limassol, Cyprus.
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Cosa hanno in comune un mattoncino Lego e la backdoor XZ?Speck&Tech
ABSTRACT: A prima vista, un mattoncino Lego e la backdoor XZ potrebbero avere in comune il fatto di essere entrambi blocchi di costruzione, o dipendenze di progetti creativi e software. La realtà è che un mattoncino Lego e il caso della backdoor XZ hanno molto di più di tutto ciò in comune.
Partecipate alla presentazione per immergervi in una storia di interoperabilità, standard e formati aperti, per poi discutere del ruolo importante che i contributori hanno in una comunità open source sostenibile.
BIO: Sostenitrice del software libero e dei formati standard e aperti. È stata un membro attivo dei progetti Fedora e openSUSE e ha co-fondato l'Associazione LibreItalia dove è stata coinvolta in diversi eventi, migrazioni e formazione relativi a LibreOffice. In precedenza ha lavorato a migrazioni e corsi di formazione su LibreOffice per diverse amministrazioni pubbliche e privati. Da gennaio 2020 lavora in SUSE come Software Release Engineer per Uyuni e SUSE Manager e quando non segue la sua passione per i computer e per Geeko coltiva la sua curiosità per l'astronomia (da cui deriva il suo nickname deneb_alpha).
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
20240605 QFM017 Machine Intelligence Reading List May 2024
8078
1. September 13, 2011
ACTION
Buy
Compal Communications (8078.TW)
Return Potential: 89% Equity Research
Increasing conviction in Nokia product cycle ramp; reiterate CL-Buy
Source of opportunity Investment Profile
Low High
We reiterate our Buy rating (on Conviction List) on Compal Comm (CCI),
Growth Growth
and raise our 2012E-13E EPS on its stronger Nokia product cycle ramp on
Returns * Returns *
Windows Phone 7 (WP7) smartphones. Even though CCI has outperformed
Multiple Multiple
TAIEX by 58% in the past 3 months, we still see great upside potential for Volatility Volatility
investors to benefit from Nokia’s first smartphone outsourcing Percentile 20th 40th 60th 80th 100th
opportunity. Windows Marketplace, the application store on WP7, has Compal Communications (8078.TW)
Asia Pacific Technology Peer Group Average
seen a spike in number of apps similar to the initial growth trajectory of
* Returns = Return on Capital For a complete description of the
Apple’s App Store, suggesting to us that app developers, usually the investment profile measures please refer to
the disclosure section of this document.
leading indicator, are optimistic on WP7’s growth outlook on user base.
Key data Current
Catalyst Price (NT$) 37.00
(1) Nokia’s product launch: based on Nokia’s guidance, we expect Nokia 12 month price target (NT$) 70.00
Market cap (NT$ mn / US$ mn) 22,399.3 / 766.9
officially to bring its first WP7 model, ‘JDM-ed’ by CCI (JDM: joint design Foreign ownership (%) 11.6
manufacturing), to the market in the next few weeks, possibly outlining its
plan of promotion/availability/operator partnership, helping drive market 12/10 12/11E 12/12E 12/13E
EPS (NT$) New (0.56) (1.06) 2.69 3.18
expectation on CCI‘s stronger growth outlook; (2) strong 4Q11 sales EPS revision (%) 0.0 (44.8) 49.8 33.3
ramp: due to weaker 3Q11 (on customer transition) and stronger 4Q11 EPS growth (%) (142.6) (90.6) 352.7 18.3
EPS (dil) (NT$) New (0.56) (1.06) 2.69 3.18
product cycle ramp, we expect CCI’s 4Q11 sales to grow >200% qoq (vs. P/E (X) NM NM 13.8 11.6
P/B (X) 2.2 2.5 2.1 1.7
Reuters consensus c.170%); (3) likely continued Nokia strength in 1Q12: as EV/EBITDA (X) NM NM 7.9 5.9
CCI’s first model for Nokia will only be available in selected markets in Dividend yield (%) 2.7 0.0 0.0 3.6
ROE (%) (3.2) (6.8) 16.3 16.0
4Q11, we expect CCI’s 1Q12 sales to be above-seasonal (GSe -10% qoq vs. CROCI (%) (19.3) (18.5) 33.9 32.6
5-year avg. of -28% qoq) when Nokia launches this model in more markets.
Price performance chart
40 10,000
Valuation 38 9,700
We cut ‘11E EPS to NT$-1.06 from NT$-0.73 on a weaker 3Q11E. We raise 36 9,400
34 9,100
‘12E-‘13E EPS by 33%-50% on stronger Nokia shipments. Accordingly, we 32 8,800
raise our 12-m TP to NT$70 from NT$52, on 4.4X ‘12E EV/GCI (prior 3.4X 30 8,500
28 8,200
due to higher CROCI estimates), implying 26X 2012E EPS (vs. 29X prior). 26 7,900
24 7,600
22 7,300
Key risks 20 7,000
Sep-10 Dec-10 Mar-11 Jun-11
Disappointing Nokia smartphone demand; weak macro environment.
Compal Communications (L) Taiwan SE Weighted Index (R)
INVESTMENT LIST MEMBERSHIP
Asia Pacific Buy List Share price performance (%) 3 month 6 month 12 month
Asia Pacific Conviction Buy List Absolute 34.1 27.1 36.5
Rel. to Taiwan SE Weighted Index 58.0 47.4 49.5
Coverage View: Neutral Source: Company data, Goldman Sachs Research estimates, FactSet. Price as of 9/13/2011 close.
Robert Yen Goldman Sachs does and seeks to do business with companies
+886(2)2730-4196 rob.yen@gs.com Goldman Sachs (Asia) L.L.C., Taipei Branch
Iris Wu
covered in its research reports. As a result, investors should be
+886(2)2730-4186 iris.wu@gs.com Goldman Sachs (Asia) L.L.C., Taipei Branch aware that the firm may have a conflict of interest that could
affect the objectivity of this report. Investors should consider
this report as only a single factor in making their investment
decision. For Reg AC see the end of the text. For other
important disclosures, see the Disclosure Appendix, or go to
www.gs.com/research/hedge.html. Analysts employed by non-
US affiliates are not registered/qualified as research analysts
with FINRA in the U.S.
The Goldman Sachs Group, Inc. Global Investment Research
3. September 13, 2011 Compal Communications (8078.TW)
Exhibit 1: We see a similar growth pattern in number of apps on Microsoft’s Windows
Marketplace to Apple’s App Store, suggesting WP7’s strong growth potential
Number of apps - Apple’s App Store, Android Market, & Windows Phone Marketplace
Number of applications (k) Windows Phone Marketplace
60 iOS App Store
Android Market
55
50
40
35
Marketplace: Nokia announced
30 its partnership with Microsoft on 30
Windows Phone in Feb 2011
20 20 20
15
9 12
10
8
3
2
0
0 3 6 9 12
Launched date: Months after launch
*iOS App Store: 2007 July
*Android Market: 2008 Oct
*Windows Phone Marketplace: 2010 Nov
Source: Company data, Goldman Sachs Research.
Exhibit 2: We expect CCI’s share price to be driven by its Exhibit 3: Earnings turnaround could be a driver for share
sales momentum in 4Q11 price, in our view
CCI’s market cap vs. monthly sales CCI’s market cap vs. its quarterly EPS
US$mn
Compal Comm - share price vs monthly sales NT$mn
Compal Comm - share price vs quarterly EPS
US$mn Market cap (L) Quarterly EPS (R) NT$
Market cap (L) Monthly sales (R)
3,500 E 9,000 3,500 3.0
E
8,000 2.5
3,000 3,000
7,000
2.0
2,500 2,500
6,000
1.5
2,000 2,000
5,000
? ? 1.0
1,500 4,000 1,500
0.5
3,000
1,000 1,000
0.0
2,000
500 500 (0.5)
1,000
0 0 0 (1.0)
Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12
Source: Company data, Datastream, Goldman Sachs Research estimates. Source: Company data, Datastream, Goldman Sachs Research estimates.
Goldman Sachs Global Investment Research 3
4. September 13, 2011 Compal Communications (8078.TW)
Exhibit 4: We raise our 2012-13E EPS on higher shipment and ASP assumptions
Compal Communications (8078.TW)
P&L (GAAP, NT$mn) 2011E New 2011E Old Diff. 2012E New 2012E Old Diff. 2013E New 2013E Old Diff.
Revenues 13,737 13,547 1% 40,218 34,408 17% 49,011 42,886 14%
Gross profits 1,481 1,520 -3% 3,970 3,482 14% 4,542 4,013 13%
Operating profits (679) (635) NM 1,540 926 66% 1,854 1,295 43%
Non-operating income 36 191 -81% 223 251 -11% 266 296 -10%
Pretax earnings (643) (444) NM 1,763 1,177 50% 2,120 1,591 33%
Net earnings (643) (444) NM 1,626 1,085 50% 1,924 1,444 33%
EPS (fully diluted, NT$) (1.06) (0.73) NM 2.69 1.79 50% 3.18 2.38 33%
Ratio analysis
Gross margin (%) 10.8% 11.2% 9.9% 10.1% 9.3% 9.4%
EBIT margin (%) (4.9%) (4.7%) 3.8% 2.7% 3.8% 3.0%
Tax & minority (as % of EBT) (0.1%) (0.1%) 7.8% 7.8% 9.2% 9.2%
Net margin (%) (4.7%) (3.3%) 4.0% 3.2% 3.9% 3.4%
Return analysis
ROA (%, annualized) (4.2%) (2.9%) 8.2% 5.8% 7.7% 6.3%
ROE (%, annualized) (6.8%) (4.6%) 16.3% 11.0% 16.0% 12.8%
Key assumption 2011E New 2011E Old Diff. 2012E New 2012E Old Diff. 2013E New 2013E Old Diff.
Shipment (k units) 3,412 3,459 -1% 10,152 9,068 12% 15,855 14,767 7%
ASP (US$) 138 134 3% 137 131 4% 107 100 6%
Source: Company data, Goldman Sachs Research estimates.
Exhibit 5: We see potential upside to CCI’s share price on Exhibit 6: An upward trending ROE implies potential
significant improvement of its cash generation (CROCI) share price upside from the current level, in our view
EV/GCI (X) Compal Comm (8078.TW) EV/GCI vs. CROCI CROCI P/B (X) Compal Comm (8078.TW) P/B vs. ROE
EV/GCI (L) Median EV/GCI (L) CROCI (R) Median CROCI (R) 10.0 Fwd P/B (L) Median P/B (L) ROE (R) Median ROE (R) 60%
70.0 600%
9.0
50%
60.0 500%
8.0
40%
50.0 400% 7.0
30%
6.0
40.0 300%
5.0 20%
30.0 200% 4.0
Median ROE: 14% 10%
3.0
20.0 Median: 71% 100% Median. P/B: 2.8X 0%
2.0
Current: 2.1X
Median: 9.1X -10%
10.0 0% 1.0
Current: 1.9X
0.0 -20%
0.0 -100%
Dec-03 Nov-04 Nov-05 Nov-06 Nov-07 Nov-08 Nov-09 Nov-10 Nov-11
Dec-03 Nov-04 Nov-05 Nov-06 Nov-07 Nov-08 Nov-09 Nov-10 Nov-11
Source: Company data, Datastream, Goldman Sachs Research estimates. Source: Company data, Datastream, Goldman Sachs Research estimates.
Goldman Sachs Global Investment Research 4
6. September 13, 2011 Compal Communications (8078.TW)
Reg AC
I, Robert Yen, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject company or
companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific
recommendations or views expressed in this report.
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of various return on capital measures, e.g. CROCI, ROACE, and ROE. Multiple is a composite of one-year forward valuation ratios, e.g. P/E, dividend
yield, EV/FCF, EV/EBITDA, EV/DACF, Price/Book. Volatility is measured as trailing twelve-month volatility adjusted for dividends.
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Disclosure Appendix
Coverage group(s) of stocks by primary analyst(s)
Robert Yen: Asia Pacific Technology.
Asia Pacific Technology: AAC Technologies, Acer, Advanced Semiconductor, Advanced Semiconductor (ADR), Airtac International, ASUSTeK
Computer, AU Optronics, BYD Electronic, Catcher Technology, Cheng Uei Precision (Foxlink), Chimei Innolux, China Wireless Technologies,
Chipbond Technology Corp., Chroma ATE, Compal Communications, Compal Electronics, Coretronic, Delta Electronics, E Ink Holdings Inc, Epistar,
Everlight Electronics, Foxconn Int'l Holdings, Foxconn Technology, Hiwin Technologies, Hon Hai Precision, HTC Corp., Kinsus Interconnect
Technology, Largan Precision, Lenovo Group, Lite-On Technology, Nan Ya PCB, Novatek Microelectronics, Pegatron, Powertech Technology,
Quanta Computer, Radiant Opto-Electronics, Siliconware Precision, Siliconware Precision (ADR), Silitech Technology, SK C&C, TCL Communication,
TPK Holding, TPV Technology, Tripod Technology, Unimicron, Wintek, Wistron, Young Fast Optoelectronics.
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covered by the Global Investment Research Division of Goldman Sachs and referred to in this research.
There are no company-specific disclosures for: Compal Communications (NT$37.00)
Distribution of ratings/investment banking relationships
Goldman Sachs Investment Research global coverage universe
Rating Distribution Investment Banking Relationships
Buy Hold Sell Buy Hold Sell
Global 32% 54% 14% 52% 41% 37%
As of July 1, 2011, Goldman Sachs Global Investment Research had investment ratings on 3,167 equity securities. Goldman Sachs assigns stocks as
Buys and Sells on various regional Investment Lists; stocks not so assigned are deemed Neutral. Such assignments equate to Buy, Hold and Sell for
the purposes of the above disclosure required by NASD/NYSE rules. See 'Ratings, Coverage groups and views and related definitions' below.
Goldman Sachs Global Investment Research 6
7. September 13, 2011 Compal Communications (8078.TW)
Price target and rating history chart(s)
Com pal Com m unications (8078.TW) Stock Price Currency : Taiw an Dollar
Goldman Sachs rating and stock price target history
60 10,000
50
44
50 23 45 31 23 20 9,000
27
8,000
40 33 18 34
26 7,000
30
57 6,000
53
20 5,000
10 4,000
Nov 9 Jan 6
Stock Price
Index Price
NA B S
A S O N D J F MA M J J A S O N D J F MA M J J A S O N D J F MA M J
2008 2009 2010 2011
Source: Goldman Sachs Investment Research for ratings and price targets; FactSet closing prices as of 6/30/2011.
Rating Covered by Robert Yen,
Apr 28, 2009 to S from B
Jul 9, 2009 to N from S Price target as of Nov 9, 2008
Sep 6, 2009 to B f rom N
Price target at removal Not covered by current analyst
Nov 17, 2009 to N from B
Jun 26, 2011 to B f rom S Taiw an SE Weighted
Index
The price targets show n should be considered in the context of all prior published Goldman Sachs research, w hich may or
may not have included price targets, as w ell as developments relating to the company, its industry and f inancial markets.
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Goldman Sachs Global Investment Research 7
8. September 13, 2011 Compal Communications (8078.TW)
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9. September 13, 2011 Compal Communications (8078.TW)
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