...state the bank was operating in and the state of the target allowed interstate banking. Riegle Neal removed state and federal restrictions on bank mergers creating rapid consolidation in the industry. During this period of deregulation, a growing number of banks adopted poison pill plans. A poison pill plan is a defensive measure adopted by a management team to protect a company from an unwanted takeover. Functionally, this measure releases additional shares of stock, at a discount, to shareholders of record when an unwanted acquirer achieves pre-specified stake in the company. This version of a poison pill plan is known as "flip-in rights." Stockholders are allowed to flip-in their "shareholder's rights,,3 in return for additional shares of the company (Fleischer and Sussman, 2000). Although, there are other varieties of poison pills, the flip-in right was predominantly used by the banking industry between 1987 and 2004. The commercial banks are unique because federal...
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...the pace of acquisition nearly came to a halt. In 1982, however, the U.S. Supreme Court passed a landmark ruling in the case of Edgar v. MITE Corp. that invalidated the basis for anti-takeover laws in thirty-seven states. Furthermore, under the Reagan administration, the U.S. Department of Justice followed a lax policy towards enforcing anti-takeover laws. No longer able to shelter themselves against unfriendly takeover bids, many companies opted to devise anti-takeover strategies. At that time there was a significant increase in poison pill adoptions. However, in light of recent corporate scandals and an overall perception of poor corporate ethics poison pills began to show a decline between 2002 to 2004. TYPES OF POISON PILL STRATEGIES "FLIP-OVER" RIGHTS PLAN. Most poison...
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...PeopleSoft v. Oracle: Hostilities Involved in a Takeover Precious Richey OMM 640 Business Ethics and Social Responsibility (MFF1226A) Instructor – Ken Edick Submitted: 7/23/2012 Abstract The hostile takeover of PeopleSoft by Oracle was the results of a lengthy court battle that raised many issues. One issue in particular concerned anti-trust laws and their application to technology companies. The Department of Justice, in an attempt to block the takeover, argued that a merger of this nature would lessen competition and ultimately limit customer choice. An appellant court judge ruled that this case did not meet the criterion of an anti-trust breach and ruled in favor of Oracle. Never the less, many other factors concerning the role of shareholders, the board of directors and chief officers gave rise to some grey areas. It has been speculated that the outcome of this case has paved the way for similar acquisitions in the technology arenas. The hostile take-over bid by Oracle to acquire the controlling shares of PeopleSoft was a long and drawn out acquisition. The process was marked with uncertainties, government intervention, and changed trends. Some analysis considered the move to be a merger while others considered it to be a consolidate that served as a prelude to the inevitable changes in the software market. In 2003 when Oracle’s CEO announced plans to wage an unsolicited takeover of PeopleSoft’s stock (Boatright, 2009), the decision was met with...
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...English 101 student Michael Mitchell English 101 27 March 2013 A Blessing in Disguise My family had planned a trip to telluride, Colorado, for spring break. I had been anticipating it for months and it finally came. We packed the car with all of our suitcases and strapped our skis and snowboards to the top of the car. I hopped in the car, put on my headphones, and got prepared for the long journey that awaited. We drove a total of seven hours on roads that snaked through mountains and roads that were long, flat, and looked as if they had no end. As we started getting closer to Colorado I started seeing snow on the side of the road and began fantasizing about shredding down the mountain on my board. I couldn’t wait to launch off the huge jumps I had heard about and try new tricks. I day dreamed for the rest of the car ride, not responding to anyone or anything. The car stopped, but I was still day dreaming and didn’t notice until my sister slammed the car door. When I got out of the car I was immediately in awe of how nice the cabin was that we were staying at. I pushed my sister out of the way and quickly ran to go find the best room in the house. After I got all of my luggage in the room, I looked out the window and saw that the cabin was directly on one of the ski runs. This meant that I could go out the back door and be on the slopes. No walking, no lines, and no carrying my gear from the parking lot to the mountain. Once everyone got situated we put on our snow jackets...
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...through learning all the steps, the pounding of the music came to the guitar solo. The choreographer stopped the music to ask me and Daniel Hinkson to do gymnastic tricks while the guitar solo came about. Speechless, as I was, is all that I can say to describe how I felt at that moment. Even though I was extremely flabbergasted, my mind was going five millions miles per hour thinking; What to do? How to do it? As I asked myself these questions, the plan came to my mind of presenting the front flip for everyone to gasp over. I came to Daniel with the idea and he was extraordinarily astonished about it. So now that we had our main attraction presumably completed, we were ready to fill the other thirty-five seconds of the solo with other exclusive tricks. We began brainstorming like mad men throwing ideas here and there; we finally had conducted enough to start practicing. Hours of agonizing flipping and falling, we had it down to an art. Easily for a month before the show, we could do the flips with ease, but we weren’t done yet. As we finished flipping our masculine bodies through the air, the choreographer came to me and asked...
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...Bachelor of Science in Information Technology (BScIT) – Semester 1/ Diploma in Information Technology (DIT) – Semester 1 BT0064 – Digital Logic ------------------------------------------------- Assignment Set – 1 Q1. Convert the following octal numbers to base 10 a. 273 Answer: 187 b. 1021 Answer: 529 Q2. What is a logic gate? Answer: When we deal with logical circuits (as in computers), we not only need to deal with logical functions; we also need some special symbols to denote these functions in a logical diagram. There are three fundamental logical operations, from which all other functions, no matter how complex, can be derived. These functions are named and, or, and not. Each of these has a specific symbol and a clearly-defined behavior, as follows: | | The AND GateThe AND gate implements the AND function. With the gate shown to the left, both inputs must have logic 1 signals applied to them in order for the output to be a logic 1. With either input at logic 0, the output will be held to logic 0.If your browser supports the Javascript functions required for the demonstrations built into this page, you can click the buttons to the left of the AND gate drawing to change their assigned logic values, and the drawing will change to reflect the new input states. Other demonstrations on these pages will work the same way.There is no limit to the number of inputs that may be applied to an AND function, so there is no functional limit to the number...
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...HAVAIANAS We can find them on the shelves of the most important department stores of the world, like the Galeries Lafayette in Paris, Saks in New York and Harrods in London. They are worn by socialites, famous artists, politicians and at the same time by peasants and poor people living in Brazilian favelas. Without a doubt, they are the most democratic sandals in the world. I am talking about HAVAIANAS, an authentic Brazilian product that once was considered sandals for the poor and now are at the feet of everyone, over 60 countries. Its inspiration is a traditional Japanese thong called Zori that is made with rice straw. This explains why Havainas sole imitates the texture of rice grains. The name Havaianas from Hawaii, because when the brand was created in 1962, famous people used to spend their vacations there. Havaianas at the beginning were not as colourful as we see today. They were all white with only the sides in different colours. They were very cheap at that time, so the company used to sell about 1000 pairs everyday all over Brazil. This success started to be copied, so many imitations started to appear on the market. Havaianas then applied for a patent for its model and launched an advertising campaign with the slogan: “ Havaianas, the originals “. During the 80’s, Havainas used to sell more than 80 million of pairs in Brazil. The sandals were so important to poor people that they were inserted by the government into the list of basic products to live...
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...Summary Havaianas is a Brazilian brand of rubber flip-flops and has 80% of the Brazilian flip flop market. Havainas distribute approximately 162 million sandals annually, of which 20% goes to more than 80 countries of the five continents. In addition, Havaianas can be found in more than 200 thousands points of sale (only 1,700 in the United States) and exports reach to 30 million pairs. Last year sales reached U$ 800 million worldwide. The investment in the marketing of the brand is 12% of 13$ of the net income and has kept Havaianas in the grow trajectory. After 51 years and many models later, this simple rubber flip flop has conquered the foot of the Hollywood stars, international magazines and main fashion stores around the world. Product • The idea of the product was inspired by the Zori (Japanese sandals made of rice straw or other plant fibers). • The Havaianas are simple flip-flops with a sophisticate look. They are made out of rubber, which is a natural product and national resource. The sandals ensure comfort and a durable product. • Today the brand sells 23 models on 60 colors of flip-flops worldwide. They are all very similar but with small adjustments for the given public. The most successful model is the original Havaiana Top Brazil, which has a small Brazilian flag on the stripe and is responsible for 64% of the global sales. In Brazil, the Havaianas are also known as the nation footwear, it goes from the janitor until...
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... 1. Objectives - Design of the synchronous finite state machine (FSM) with D-flip-flops and multiplexers - Verification of the circuit behavior with a CAD tool 2. Problem description Design the synchronous 4-bit counter which outputs follow the predetermined repeated sequence of states. The sequence of states represents the sequence of decimal digits of your ID number with the following exceptions: (1) digits which appear more than ones have to be deleted; (2) digit 9 has to be added at the end of the sequence if your ID has no 9. For example, for ID number 105123456 the second 1 and 5 are deleted and 9 is added at the end resulting in sequence 10523469. In the binary form the sequence is shown in Figure 1. The initial state is not critical. State 9 should be decoded to generate special signal SYNC shown in denominator in Figure 1. In the prelab: the circuit behavior has to be verified in OrCAD. The maximum clock frequency has to be calculated using timing specs of the flip-flops and multiplexers (logical gates) from datasheet. In the experiment: first, the functionality of the counter has to be tested with a pushbutton that controls the clock and a 7-segment LED display connected to the outputs. Finally, the counter sequence should be demonstrated with the logic analyzer synchronized with SYNC signal, 4inputs of the logic analyzer should be grouped into a bus. 3. Approaches Outputs of four D-flip-flops Q3Q2Q1Q0 serve as outputs of the counter. Next states Q*3Q*2Q*1Q*0 are formed...
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...Career Services: Lincoln Building, level 2 Study Skills Support Unit: more info on uni website FOCUS contacts: Email: Info@focusmacuni.org Website: www.focusmacuni.org Australian Slang Definitions: G’day Mate - HelloRidgy Didge - RealBudgy Smugglers - Swimming suit Fair Dinkum -Are you sure?Sheila - Real Banana Bender - A person from QLDBloke - ManAnkle Biter - ChildArvo - AfternoonAmbo - AmbulanceBack of Bourke - Far awayMate - Friend Bikkie - Biscuit Thongs - Flip Flop shoes (slippers) | Bloody - A way to show strong emotionFair Go - Give me a chance Gobsmacked - Speechless and Surprised Dunny - Toilet Bludger - Lazy person Hooroo -...
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...ASSESSED WORKING PROJECT HAVAIANAS & DUKKY(Chick-Fil-A) Marketing and Value 2010 Marketing Action 1: Havaianas Campaign History The history of Havaianas started in the earliest 20's, when Scotsman Robert Fraser arrived in Brazil and began manufacturing flip flops based on the traditional zori sandals, a Japanese product. At that time, sandals were very different. It was only in 1958 that Havaianas that we know today were designed with rubber. That was the birth of the trademark Havaianas (1962) In the 1960s, Havaianas were sold at small, neighbourhood stores for a low price, displayed between house cleaning products and were purchased exclusively by the lower classes. That kind of product exposition and public turned Havaianas known as “chinelos de pobre” (poor man’s flip flops). The style of the product wasn’t elaborated. The model was basic and it was available only in a limited range of colours (4 colours), even though the products were strong, durable, comfortable and cheap. And that was what made Havaianas so popular in Brazil. Indeed, one year after had been launched more than 13,000 pairs were produced every day The success made raise the interest of other companies and imitations of Havaianas began to appear in the 70’s. To respond to this movement, the company launched a campaign called “Havaianas: As Legítimas” (Havaianas: the Legitimate Ones) embodied by a famous Brazilian humorist, Chico Anysio. It was in 1988 that sales started to decline, going...
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...Introduction Clothing industry specific in shoes _ monopolistic industry: There is hundreds of already famous brands: Levi’s, Converse, Top shop, Sprit, Nike, Adidas….and also a lot of new brands appear almost every year. Ed Hardy is a new born brand which enters to this field for almost 9 years. No matter famous or not, clothing line is always a continuously developing industry due to the customer demand and trend. Although the competition is really tough in this field, there are more and more businessmen decide to jump into it. Ed hardy _ cloth line company. _Established by an American tattoo artist Don Ed Hardy. _2002: Hardy licensed Ku USA, Inc. to produce a line of clothing based on his art. _. Hardy and Ku USA formed Hardy Life LLC _2004: Christian Audigier licensed the rights to produce the Ed Hardy clothing line, which is based on Hardy’s image. _ Ed Hardy stores are located in New York, Los Angeles, Johannesburg, Seattle, Honolulu, Tucson, Dubai, Kuwait, Kuala Lumpur, Bangkok, Boston and Mumbai. _The main customer of company: rocker, rock chick and people who love tattoo artworks. Large number of sellers: Some big and famous brand in this industry, which famous all over the world such as: Nike, Adidas, Converse, Top shop, Lacoste, CAT, Ed Hardy and so on… In Malaysia, beside these above brands, there is also a local brand which is also familiar with the local customers Batas. In addition, some new brands from China with targeted customers are middle...
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...Microsoft account Joseph Jackson Westwood College Designing a Network Microsoft account Joseph Jackson Westwood College Designing a Network Determining the networking requirements the designing of a network can be a difficult situation. Whether its data transfer rules that determine the number of channels needed and the priorities to be used. An alternate real issue is the most extreme size of data that can be sent and received leads to the need for segmentation at the sending end and reassembly at the receiving end. Networking design must reflect the objectives, attributes, and approaches of the associations in which they work. A decently planned network can help adjust these targets. At the point when legitimately executed, the network base can improve application accessibility and permit the savvy utilization of existing network assets. The primary step is to comprehend your networking necessities. (Cisco Systems, Inc.) There are two essential objectives when setting up a networking design and having the capacity to execute the design into a live environment. The principal objective is to have application accessibility. The system conveys application information between machines. On the off chance that the applications are not accessible to system clients, the system is not doing its occupying. Which can make trouble managing getting to applications over the system. The second of the essential objectives is the Cost of possession. The Information system (IS) plans...
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...Flip-Flops Basic concepts Flip-Flops A flip-flop is a bi-stable device: a circuit having 2 stable conditions (0 or 1) 3 classes of flip-flops latches: outputs respond immediately while enabled (no timing control) pulse-triggered flip-flops: outputs response to the triggering pulse edge-triggered flip-flops: outputs responses to the control input edge A. Yaicharoen 2 1/51 Conventions The circuit is set means output = 1 The circuit is reset means output = 0 Flip-flops have two output Q and Q′ or (Q and Q) Due to time related characteristic of the flipflop, Q and Q′ (or Q) are usually represented as followed: Qt or Q: present state Qt+1 or Q+: next state A. Yaicharoen 3 1/51 4 Types of Flip-Flops SR flip-flop S 0 0 1 1 R 0 1 0 1 Qt+1 Qt 0 1 Q’t+1 Q’t 1 0 JK flip-flop J 0 0 1 1 K 0 1 0 1 Qt+1 Qt 0 1 Q’t Q’t+1 Q’t 1 0 Qt Prohibited D flip-flop D 0 1 1/51 T flip-flop Q’t+1 1 0 A. Yaicharoen Qt+1 0 1 T 0 1 Qt+1 Qt Q’t Q’t+1 Q’t Qt 4 SR Latch An SR (or set-reset) latch consists of S (set) input: set the circuit R (reset) input: reset the circuit Q and Q’ output: output of the SR latch in normal and complement form S 0 0 1 1 R 0 1 0 1 Qt+1 Qt 0 1 Q’t+1 Q’t 1 0 Prohibited Application example: a switch debouncer 1/51 A. Yaicharoen 5 SR latch 1/51 A. Yaicharoen 6 An application of the SR latch (a) Effects of contact bounce. (b) A switch debouncer...
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...I have a confession to make. I have a shoe fetish. Everyone around me seems to underestimate the statement a simple pair of shoes can make. To me, though, the shoes I wear are not for covering my two feet. They reflect who I am. So who am I? Why don’t you just look down at my feet? I could be wearing my under armor spines – my confidence and my leadership shoes. My feet feel weightless much like myself. After I finish what needs to be done I tend to free myself from any stress I had before. On crisp winter nights I could be wearing my furry brown monkey slippers. These slippers are my comforting side. I can wear them and listen to a friend cry for hours. My favorite pair of shoes, however, is my bright pink Sperry’s. They are my individuality, my enthusiasm, my laughter, my love for risk-taking. No one else I am friends with has them. When I feel like being somewhat invisible I wear my solid colored flats. My flats allow me to be independent. I wear them to school, shopping, and even when I go to museums. My snowboarding boots show my love of adventure and being outdoors in the calm yet fierce white snow. Broken in and molded to the shape of my feet, when wearing them I feel in touch with my surroundings. During college I intend to add more shoes to my collection in the closet. For each aspect of my personality I discover or enhance through my college years, I will find a pair of shoes to reflect it. Maybe I could get a pair of one black and one white shoe for when I learn...
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