...Activision Blizzard, Inc. RECOMMENDATION: HOLD Stock Data Price (52 weeks) Symbol/Exchange Beta (Regression) Shares Outstanding Average daily volume (3 month average) Current market cap Current Price Dividend Dividend Yield Valuation (per share) DCF Analysis Comparables Analysis Target Price Current Price Summary Financials Revenue Net Income 2008A $3,026,000,000 -$107,000,000 $8.14 - $13.14 ATVI / NASDAQ 0.625 1,271,000,000 16,067,500 14,476,690,000 $11.39 N/A N/A $15.25 $4.74 $12.10 $11.39 Covering Analyst: Sean Golin Email: sgolin@uoregon.edu The University of Oregon Investment Group (UOIG) is a student run organization whose purpose is strictly educational. Member students are not certified or licensed to give investment advice or analyze securities, nor do they purport to be. Members of UOIG may have clerked, interned or held various employment positions with firms held in UOIG’s portfolio. In addition, members of UOIG may attempt to obtain employment positions with firms held in UOIG’s portfolio. Activision Blizzard, Inc. BUSINESS OVERVIEW university of oregon investment group http://uoig.uoregon.edu Activision Blizzard, Inc. is located in Santa Monica, CA. They are responsible for creating and publishing video games and accessories. These games are distributed and available on a wide range of platforms across the globe. Additionally, Activision Blizzard maintains and operates Battle.net, a online-game service in which players can connect via the internet...
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...Activision Blizzard, Inc. RECOMMENDATION: HOLD Stock Data Price (52 weeks) Symbol/Exchange Beta (Regression) Shares Outstanding Average daily volume (3 month average) Current market cap Current Price Dividend Dividend Yield Valuation (per share) DCF Analysis Comparables Analysis Target Price Current Price Summary Financials Revenue Net Income 2008A $3,026,000,000 -$107,000,000 $8.14 - $13.14 ATVI / NASDAQ 0.625 1,271,000,000 16,067,500 14,476,690,000 $11.39 N/A N/A $15.25 $4.74 $12.10 $11.39 Covering Analyst: Sean Golin Email: sgolin@uoregon.edu The University of Oregon Investment Group (UOIG) is a student run organization whose purpose is strictly educational. Member students are not certified or licensed to give investment advice or analyze securities, nor do they purport to be. Members of UOIG may have clerked, interned or held various employment positions with firms held in UOIG’s portfolio. In addition, members of UOIG may attempt to obtain employment positions with firms held in UOIG’s portfolio. Activision Blizzard, Inc. BUSINESS OVERVIEW university of oregon investment group http://uoig.uoregon.edu Activision Blizzard, Inc. is located in Santa Monica, CA. They are responsible for creating and publishing video games and accessories. These games are distributed and available on a wide range of platforms across the globe. Additionally, Activision Blizzard maintains and operates Battle.net, a online-game service in which players can connect via the internet...
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...Advertising was released in late 2010 and exploits word of mouth and turn user interactions between friends into advertisements.[1] Early on, Social Ads generated up to ten times as many clicks as regular advertising and increased the advertising revenue contribution of its mobile platform. Today, text and display ads represent 87% of its Trefis stock price and is their most important division.[2] Figure 1 depicts Facebook’s success at monetizing mobile advertising as Revenue per Page View (RPM) rose from a low of around $0.27 in 2010 to $0.42 in 2013, and is forecasted to increase. Figure 2 illustrates quarterly revenue growth of 64% over the same quarter last year, and 70% increase of the same trailing nine months from 2013. A loyalty analysis suggests Social Ads can generate new growth in revenue while keeping the acquisition costs relatively low. Figure 3 depicts FB’s increase in Enterprise Value (EV) and EV/EBITDA multiple in recent years. The rising third quarter EV for 2014 also underlines the success in monetizing their Social Ads in the mobile space. The Facebook Platform and Facebook for Web sites. Developed in 2007, Facebook Platforms enables third-party developers to develop applications within the Facebook environment. Figure 4 shows how third-parties like Zynga can access user data through applications, which helps to acquire new users while retaining old ones at no cost.[3] Aside from some criticism over privacy concerns, the application boom and popularity...
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...SWOT ANALYSIS JOHN WILEY & SONS STRENGTHS * Substantial market position * Powerful publishing alliances | WEAKNESSES * Inadequacy of Scale * Poor Financial Performance | OPPORTUNITIES * Viable ebook market * Strategic acquisitions * Launch of new journals | THREATS * Strong competition * Print publishing is declining * Variations in exchange rates | STRENGTHS SUBSTANTIAL MARKET POSITION John Wiley & Sons is one of the top leaders in research segment offering databases, research journals and materials, scholarly cases, clinical support material, lab manuals, a long side medical and scientific research material. Their research department allows for extensive market reach with other 260 million full text books and 500 000 journals being distributed through print and online sources. John Wiley & Sons is also a major leader in the professional development and talent management segment as well by offering, but not limited to, recruitment services and corporate online training guides. They continue to have a strong standing in the academic education sediment. John Wiley & Sons has a massive market cap which has, and will enable future growth plans. POWERFUL PUBLISHING ALLIANCES The alliances that John Wiley & Sons has been able to create have a significant impact on their success and growth potential. Such alliances will increase the impact of research materials, these include the American Cancer Society, The British...
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...SHU YIING 36085 3 SURESH A/L MINAIAH 38941 4 LEE YOKE LAN 39541 5 WAI POH YAN 39641 Malaysia Airlines INCOME STATEMENT ANALYSIS Income Statement Analysis (Cont’) Year/ Aspect 2008 2009 2010 2011 2012 Revenue Increase 2.38% Decrease 24.78% Increase 14% Increase 5.77% Decrease 2.69% Expenditure Increase 5.44% Decrease 19.71% Increase 9.19% Increase 21.57% Decrease 12.84% Net profit for the year Net profit (RM 245,697,000 ) Net profit (RM 493,106,000 ) Net profit Net loss (RM (RM 2.5 237,346,000 billion) ) Net loss (RM 430,738,000 ) Increase 39.09% Increase 63.74% Increase 47.57% Finance Increase cost-interest 29.61% expense Increase 15.19% BALANCE SHEET ANALYSIS • Balance sheet and cash flow – interrelated • cash flow explains inflow and outflow of cash which any changes in balance will affect cash flow • Operating Activities – changes in current assets and current liabilities • Investing Activities – changes in non current assets and other income • Financing Activities – changes in equity and liabilities BALANCE SHEET ANALYSIS There was no long term borrowings in year 2003 until 2006 because of most probably government take over it. CASH FLOW ANALYSIS OPERATIONAL ISSUES & SOLUTIONS SOLUTIONS ISSUES The product marketing and • yield management division of MAS emphasized selling their product...
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...tribunal/court can be convened). The law of the forum, where the dispute is being heard, will supply the procedural rules that will allow it to review the substantive matter (legal issues at stake). Disputes involving a private individual or company usually end up in a domestic court of a state. 3-1 © 2009 Pearson Education, Inc publishing as Prentice Hall Disputes between states 3-2 © 2009 Pearson Education, Inc publishing as Prentice Hall Are taken to an international tribunal, such as the ICJ (International Court of Justice) or the dispute resolution panel of the World Trade Organization (if both states are members) and the matter involves a trade in goods issue. The International Criminal Court (ICC) is a court of last resort which tries persons accused of the most serious crimes against humanity (crimes such as genocide). Settlement of Disputes in International Tribunals International Court of Justice International Criminal Court World Trade Organization Dispute Settlement Procedures 3-3 © 2009 Pearson Education, Inc publishing as Prentice Hall 4 © 2009 Pearson Education, Inc publishing as Prentice Hall 1 3/7/2016 ICJ Jurisdiction International Court of Justice Principal judicial organ of the United Nations. It has jurisdiction to hear: • Disputes between states pursuant to its contentious jurisdiction. • Cases from organs and specialized agencies of the UN pursuant to its ...
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...Wholesale Corporation Environmental factors consist of all the factors and activities which have a considerable impact on the running of the business. Environmental factors have a powerful impact on the normal functioning of the any business, especially in the marketing decisions (Pagell & Halperin, 2000). These factors pose challenges and threats to the success of any business. In order to deal with such environmental factors a firm should enhance its core competencies and make sound strategies (Staff, 2009). There are various factors which would have deep impact on these new services offered by the firm. The firm should make a strategy after considering these factors. David Jobber describes in his book that with the help of this analysis, the company becomes more competitive and effective to implement the various strategies (Jobber, 2001). Costco Wholesale Corporation is one of the biggest organizations in the retail industry, which operates at the global level. The company was founded by James Sinegal and Jeffrey Brotman (Costco Wholesale Corporation, 2009). On the basis of the sales volume, the company is considered among the world's largest membership warehouses (Costco: About Company, 2009). The company has taken the position of the five largest companies in the United Sates in retail Industry. The Headquarter of the company is situated at Issaquah (Washington) in the United States (Costco Wholesale Corporation Reports January Sales Results and Comments on Earnings...
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...Contents INTRODUCTION 1 TASK 1 1 TASK 2 1 2.1. ORGANIZATIONAL AUDIT INCLUDING A SWOT ANALYSIS 2 SWOT ANALYSIS OF EXPEDIA 3 2.2 ENVIRONMENTAL AUDIT WITH REFERENCE TO PORTERS FIVE FORCE MODEL 4 2.3 NEED OF STAKEHOLDER ANALYSIS AND ITS SIGNIFICANCE 5 TASK 3: APPROACHES TO STRATEGY EVALUATION AND SELECTION 6 TASK 4 8 1. Who are responsible for the implementation of effective strategy and define their roles 8 2. What resource requirements are needed for the implementation of effective strategy 9 3. Target and timescales required to be monitored and achieved 9 CONCLUSION 10 REFERENCES 10 INTRODUCTION A strategic planning is very important for the success of any organization. It includes vision, mission and creative thinking. In other words, strategic planning provides a positive direction and also draws the measurable goals. In this report we will discuss about the strategic planning process and its role in the success of an organization. After the detailed examination of strategic context, the problematic sections involved in strategic planning are discussed. Finally, the different types of planning techniques in the context of Vodafone have been discussed. (Olsen,2011) TASK 1 PPT attached TASK 2 Vodafone is the world’s second largest telecommunication company which was founded in the year 1991. The company has more than 400 million customers round the globe with its operations extended in around 30 countries. It also provides telecommunications...
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...are: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The Commission of the European Communities takes part in the work of the OECD. OECD Publishing disseminates widely the results of the Organisation’s statistics gathering and research on economic, social and environmental issues, as well as the conventions, guidelines and standards agreed by its members. This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. Also available in French under the title: Les essentiels de l’OCDE Le commerce international Libre, équitable et ouvert ? Corrigenda to OECD publications may be found on line at: www.oecd.org/publishing/corrigenda. © OECD 2009 You can...
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... Case Presentation For INTERNATIONAL BUSINESS LAW PREPARED BY Lewis-Asonye Chigozie 300759315 Ogunsanya Quadri 300771273 Akinola Oluwafemi 300761445 Nwankwo Ifeanyi 300671046 ON MARCH, 26TH 2014. SUBMITTED TO Professor Michael Karambatos Table of Contents Introduction…………………………………………………………………………………...2 Facts...........…………………………………………………………………………………...3 Issues.............................................................................................................…........................6 Rules ….…………...........................………………………………………………………….7 Analysis........................………………………………………………………………………..9 Conclusion….…………………………………………………………………………………11 References…………………………………………………………………………………….12 Introduction Plaintiff: Mr. Paul Boudreau; Counsel: Katherine A. Cotton Defendant: Professor Jimming Lin; Counsel: Daniel Mayo Defendant: University of Ottawa; Counsel: Kathryn Prud’ Homme The case between Mr. Paul Boudreau and Professor Jimming Lin took place in the Ontario Supreme Court (General Division) presided by Métivier J. The hearing was on the March 3, 4, and 5, 1997 while the judgement was rendered on August 20, 1997. The Judges opening remarks to the case:- The plaintiff, Mr. Boudreau, asserts that a paper he prepared for his University course was published by the defendant...
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...Company: Activision Blizzard, INC. (ATVI) PESTLE 1. Political Pg. 10 – Our products are sold internationally on a direct-to-retail basis, through third-party distribution and licensing arrangements, and through our wholly-owned European distribution subsidiaries. We conduct our international publishing activities through offices in the United Kingdom ("U.K."), Germany, France, Italy, Spain, Norway, the Netherlands, Sweden, Australia and Ireland. • Activision Blizzard Inc. is an internationally traded company and most of its revenue is generated from foreign trade. Therefore it is subject to various foreign and domestic laws. Fluctuations in these laws such as increased tariffs, duties, transportation costs and instabilities in the currency exchange rates can adversely impact company’s operations in the foreign market. 2. Economic Pg. 13 – Our products involve discretionary spending on the part of consumers. Consumers are generally more willing to make discretionary purchases, including purchases of products like ours, during periods in which favorable economic conditions prevail. • Consumers purchasing trends have a direct relationship with economic condition. Therefore, current economic condition and global recession is likely to reduce consumer spending on the products which can have a negative impact on company’s operations and financial position. 3. Socio-cultural Pg. 10 –We often seek to maximize our worldwide revenues and profits by releasing high-quality...
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...Course Project Paper #4 John Richardson Keller Graduate School of Management Abstract Marvel Entertainment, LLC (Marvel) has been producing toys, comics and stories filled with characters that have played a substantial role in the childhoods of millions. In this paper I will examine the leadership that allowed Marvel to emerge out of bankruptcy into a largely profitable company in less than a decade. The type of change that Marvel experienced is not the norm for companies that were in their position, making their story intriguing and valuable to anyone who learns from the success of others. In this paper I will analyze the strategic rationale for change that took place at Marvel, propose a suitable change process for their situation and examine possible obstacles they will face when restructuring their organization. Course Project Paper #2 Developing a Communication Plan Marvel finds itself in a very precarious position emerging from bankruptcy. After a company goes through the bankruptcy process, its customers, employees, partners and investors find themselves consumed with uncertainty when it comes to future prospects. As a result, I believe Marvel must take on reestablishing its image as a boundless and profitable company. Marvel has to put forth communications that clearly separate its future from its past while providing achievable goals for the future. Since Marvel now has a recent track record...
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...Chapter 8. Quantity and Inventory Chapter 9. Delivery Chapter 10. Price Chapter 11. Cost Management Chapter 12. Supplier Selection Chapter 13. Supplier Evaluation and Supplier Relations Chapter 14. Global Supply Management Chapter 15. Legal and Ethics Chapter 16. Other Supply Responsibilities Chapter 17. Supply Function Evaluation and Trends Other Facts101 Titles 2 3 Title Textbook Outlines, Highlights, and Practice Quizzes Purchasing and Supply Management by P. Fraser Johnson, 14th Edition All "Just the Facts101" material written or prepared by Cram101 Publishing 4 Copyright Information Just the Facts101 ®, Cram101® Textbook Outlines, Cram101 e-StudyGuides and Cram101.com are Content Technologies Inc. publications and services. All notes, highlights, reviews, and practice tests are written and or prepared by Content Technologies, Inc. and Cram101 Publishing. Copyright © 2014 by Content Technologies, Inc. All rights reserved. eISBN 9781490281032 E-5 23479 www.Cram101.com 5 LearningSystem "Just the Facts101" is a Cram101 publication and tool designed to give you all the facts from your textbooks. Visit Cram101.com for the full practice test for each of your chapters for virtually any of your textbooks. Cram101 has built custom study tools specific to your textbook. We provide all of the testable information and unlike traditional study guides, we will never send you back to your textbook for more information. YOU WILL NEVER...
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...that have caused a rift in the unity of the partnership of the marriage. The source of marital conflict consists of issues that have boiled up to the point of a severe lack of communication. When married couples stop communicating with each other, they grow farther apart in their marriage. If married couples have the opportunity to identify the causes of marital discord, they will develop healthier ways to resolve the complex issues within their marriage. In general, all couples have dealt with issues with finance, parenting, and domestic duties. This case study analysis will discuss the facilitator’s report of the relationship dynamics of a conflicted couple, Steve and Cindy. This analysis will focus on the identification of key strengths and weaknesses between the couple, how the couple’s personalities might be influencing their situation, and developing a strategy to counsel and support the couple. This analysis will highlight conflict resolution skills that the couple may be able to employ as a way to build upon their foundation within their marriage. Case Study 2: Steve and Cindy Introduction When a couple enters marital counseling, they are seeking to identify potential relationship issues and resolve complicated conflicts. In counseling, counselors help couples focus on the dynamics of their relationship. Couples also focus on concepts of self-awareness and self-improvement. In this case study, Steve and Cindy enter couples counseling to determine the source...
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...Introduction The following case study provides an analysis of central idea of consideration and when the contract is enforceable because the agreement lacks consideration. In addition, discussion of multiple sources of law such as common law and the Uniform Commercial Code will summarize the difference between those sources and help to determine which one is applicable in the reviewed case study. Case Study As a recap of the facts, Jinsoo Kim invested about $170,000 into two companies part-owned and operated by Stephen Son who was not personally liable for the debts of the companies because of their corporate status. The companies eventually went out of business causing Kim to lose his investment. This fact made Son feel guilty who signed a contract in blood in Kim’s presence stating that all debts would be repaid back to Kim in exchange for Kim’s agreement not to sue Son for the money owed. At a later time, Son refused to pay Kim back and Kim sued Son to enforce the contract. The outcome of the lawsuit was that the contract was not endorsable because there had been no consideration (Beatty, Samuelson & Bredeson, 2008). To determine a presence of consideration, we need to remember that “contracts must be a two-way street” (Beatty, Samuelson & Bredeson, 2008, p. 163). Therefore, we need to review the following three rules of consideration: 1) Both parties must gain something valuable from the contract; 2) there should be a promise to give something valuable; 3) both parties...
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