...Running Head: SUN MICROSYSTEMS, INC. FINANCIAL ANALYSIS Sun Microsystems, Inc. Financial Analysis Kimberly Berrien, Lisa Dean, Joseph Iacovone, Mario Mezzacapo, and Kairis Roach MMPBL/503 Introduction to Finance and Accounting University of Phoenix June 8, 2010 Mr. Leonard Shelton, Instructor Introduction Sun Microsystems is a principal supplier of computer related products and has issued a letter to company stockholders as part of the 2001 annual report. To present promising and profitable information to shareholders, financial and accounting managers must prepare financial statements that shows where the company stands financially at the current time. The report includes a balance sheet, income statement, and cash flow statement commenting on the company’s estimated future position. In this paper, both a quantitative and qualitative analysis will be conducted in order to explain the importance, use, and limitations of financial statements and how profitability ratios play a significant part in the formation of the data presented to shareholders. There will be also recommendations to aid Sun Microsystem in finding and responding to company strengths and weaknesses. The recommendations offered will be presented as alternative ways for financial managers to analyze Sun Microsystems financial position and provide the company and its shareholders with strategic guidance toward a more profitable future. Let’s begin with the importance of financial statement analysis...
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...Sun Coast Savings Bank was founded in l97l in Safety Harbor, Florida, which is just across the bay from Tampa. Safety Harbor is very popular with people who work in Tampa but do not wish to live within the city itself. Per-capital income in SafetyH arbor is substantially above the national average; in fact, the town has a reputation for having the greatest population of BMWs and Mercedes Benzes per capita in the United States. The combination of an increasing population, high per capita income and a huge demand for funds to finance new home construction has made Sun Coast the fastest-growing association in the state in terms of both assets and earnings. Although Sun Coast is very profitable and has experienced rapid growth in earnings, the company's quick expansion has put it under severe financial strain. Even though all earnings have been retained, the net-worth-to-assets ratio has been declining to the extent that, by 2000, it was just above the minimum required by federal regulations(see T able l). Table 1 Sun Coast Savings Bank Balance Sheet for Year Ended December 31, 2000 Assets Cash & Marketable Securities $83,441,700 Mortgage Loan 815,235,000 Fixed Assets 60,423,300 Total Assets $959,100,000 Liabilities Savings Account $817,153,200 Other Liabilities 83,077,000 Capital Stock ($100 par value) 900,000 Retained Earnings 57,969,800 Total Claims $959,100,000 ***Note: Federal law...
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...Skin cancer in children is extremely uncommon but as the rates of melanoma increase generally in all age groups, the rate of children developing the condition does also. Although vitamin D from the sun is good for your health it can be extremely damaging in the long run. There are many preventative measures that can be practiced in order to protect the skin from developing any type of cancer. The problem with preventative measures is that there is not enough education on what the correct way to protect is. Skin cancer is a completely preventable disease that is taking an overwhelming toll on our population. There are many signs and symptoms associated with skin cancer. Skin cancer signs can range from extremely noticeable to the affected being completely unaware until seeing a physician. There are three different types of skin cancer that all have different signs and symptoms. The three types are basal cell carcinoma, squamous cell carcinoma, and melanoma. All three different types have certain markings which are how they are identified and also the major sign of skin cancer being present. Basal cell carcinoma is most prevalent on the areas of the skin that are exposed to the sun such as...
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...conclusions that will help you succeed in the long run, it helps to develop a discipline in sorting out facts. This handout is designed to help you create that discipline. The basic process outlined here will help you prepare for discussion of a case in class, prepare an essay on an exam, prepare a paper on a business question, or prepare to present a recommendation or make a decision in many (probably most) real-world business situations. The process described here parallels that described in Hill & Jones’ text, Strategic Management Theory, pp. C2-C9 (at the back of the text), and that may be reviewed for further guidance. Start by stating clearly (to yourself) what question you are trying to answer. Write it at the top of the page or computer file where you are taking notes. For analysis of a case in a business school class, it is appropriate to select one of the “study questions” from the syllabus that is most interesting to you. Step 1. Analyze the history and development of the company and the situation. You are likely to receive information on the situation from confusing sources. Many different facts and dates will be out of chronological order. Usually the best first step for understanding the situation is simply to list the key events in chronological order. For example, the following list of facts was created in an effort to make sense of a Sun Microsystems case. (available from the instructor). 1980 – Scott McNealy graduates from...
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...(Jaime Baily 14). Climate change has become a very contested and debated matter. Some scientists say that the earth is warming; skeptics contend that it is cooling. Glaciologists say that the polar ice on earth is melting, and skeptics say that Antarctic ice is growing. Skeptics-that have also concluded that the earth is warming-point out that the earth has gone through many such warming periods (interglacials or periods of desertification) in between cooling periods and that these are natural cycles. But the long-running debate over whether or not global warming is anthropogenic is arriving to its end. Not only it is caused by man, it’s real, it’s here. All across the world, in every place known to man, glaciers and ice-sheets are melting, the average temperature is increasing and dangerous weather events are occurring as an integrated response to green house gases produced by man’s activity such as motor vehicles, factories, fossil fuel plants, etc . We are already suffering the consequences of the global warming...
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...Financial Management II PROJECT REPORT Submitted To: Submitted By: Prof. Chhavi Mehta Section B (Group No. – 9) Aashish Pant (15PGDM066) Akshita Jain(15PGDM070) Neelima Jain(15PGDM096) Nupur Goyal (15PGDM098) Siddharth Warrier (15PGDM119) Pharmaceuticals Industry in India: Overview: Indian pharmaceutical sector accounts for about 2.4 per cent of the global pharmaceutical industry in value terms and 10 per cent in volume terms and is expected to expand at a Compound Annual Growth Rate (CAGR) of 15.92 per cent to US$ 55 billion by 2020 from US$ 20 billion in 2015. With 71 per cent market share, generic drugs form the largest segment of the Indian pharmaceutical sector. By 2016, India is expected to be the third-largest global generic Active Pharmaceutical Ingredient (API) merchant market. The country accounts for the second largest number of Abbreviated New Drug Applications (ANDAs) and is the world’s leader in Drug Master Files (DMFs) applications with the US. Indian drugs are exported to more than 200 countries in the world, with the US as the key market. Generic drugs account for 20 per cent of global exports in terms of volume, making the country the largest provider of generic medicines globally and expected to expand even further in coming years. Pharmaceuticals Exports Promotion Council (Pharmexcil) expects pharmaceutical exports to reach US$ 25 billion in 2015. The Government...
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...meant to the CD-ROM industry and MPEG-2 meant to the development of DVD, MPEG-4 will mean to the Internet. What Is MPEG-4? MPEG-4 is an extensive set of key enabling technology specifications with audio and video at its core. It was defined by the MPEG (Moving Picture Experts Group) committee, the working group within the International Organization for Standardization (ISO) that specified the widely adopted, Emmy Award–winning standards known as MPEG-1 and MPEG-2. MPEG-4 is the result of an international effort involving hundreds of researchers and engineers. MPEG-4, whose formal designation is ISO/IEC 14496, was finalized in October 1998 and became an international standard in early 1999. The components of MPEG-4 Fact Sheet MPEG-4 Fact Sheet MPEG-4 2 Multimedia beyond the desktop The MPEG committee designed MPEG-4 to be a single standard covering the entire digital media workflow—from capture, authoring, and editing to encoding, distribution, playback, and archiving. The adoption of the MPEG-4 standard is not just critical for desktop computers, but is increasingly important as digital media expands into new areas such as set-top boxes, wireless devices, and game consoles. Member companies of the MPEG-4 Industry Forum (M4IF) such as Philips and Sony have released many of these devices. For content providers, this means a simple, cost-effective “author once, play anywhere” model. MPEG-4 provides the farthest possible reach for their content since it eliminates...
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...Final Thomas Saint-Pierre Jr. Mr. Perez AP Lit and Composition 13 October 2015 An Engineer’s Dream Deferred Everyone aspires to be something greater, in life. This is no different for Ethan Frome. Like many, Ethan Frome had dreams and aspirations throughout the entire story. In some instances reality may step in between you and those dreams and remind you that you, in fact, are dreaming. Ethan Frome knows this all too well as he had to abandon his dreams because his reality made it clear he had no room to pursue them. So, what happens to a dream deferred? Langston Hughes asked this question the best in his iconic poem...
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...shows evidence of past or present flow. Exact limits for the terms large, perennial, and flow cannot be set. Except in size, a small snow patch that persists for more than one season is hydrologically indistinguishable from a true glacier. One international group has recommended that all persisting snow and ice masses larger than 0.1 square kilometre (about 0.04 square mile) be counted as glaciers. Glaciers are classifiable in three main groups: (1) glaciers that extend in continuous sheets, moving outward in all directions, are called ice sheets if they are the size of Antarctica or Greenland and ice caps if they are smaller; (2) glaciers confined within a path that directs the ice movement are called mountain glaciers; and (3) glaciers that spread out on level ground or on the ocean at the foot of glaciated regions are called piedmont glaciers or ice shelves, respectively. Glaciers in the third group are not independent and are treated here in terms of their sources: ice shelves with ice sheets, piedmont glaciers with mountain glaciers. A complex of mountain glaciers burying much of a mountain range is called an ice field. Distribution of glaciers A most interesting aspect of recent geological time (some 30 million years ago to the present) has been the recurrent expansion and contraction of the world’s ice cover. These glacial fluctuations influenced geological, climatological, and biological environments and affected the evolution and development of early humans. Almost...
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...ASTR 100 Chapter ReviewQuestions – Fall 2012 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Section-1 Check the letter that represents the best answer to each of the multiple choice questions. Answer all questions in this section. Each question is worth 1 point. This section is worth 40 points. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 1. In the scientific method, a hypothesis _____. A. is a statement of fact B. makes a prediction that can be tested C. is usually proven to be correct D. can only be tested once E. none of these 2. Which of the following can't be considered an acceptable hypothesis?" A. Dark matter, (invisible matter which still has gravitational attraction), determines the orbits of stars in the the galaxy B. Mass increases with velocity C. Matter came into existence together with time D. The megagalaxies of the universe will become invisible to each other in time. E. all are acceptable hypotheses 3. A theory is an integrated explanation of numerous “proven”_____. A. facts B. laws C. controls D. hypotheses E. guesses 4. What is the correct sequence of steps in the scientific method? I. State a problem II. Analyze and interpret data III. Develop a hypothesis IV. Share the results with other scientists V. Design and perform experiment to test the hypothesis A. I – II - III - IV – V B. III – I - V – II – IV C. V – IV – III – II – I D. I – III – V – II – IV E. V – II – I – III - IV 5. Ptolemy's model sought to explain retrograde motion by...
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...for denying his claim for reimbursement of his return plane ticket; (b.) That the Labor Arbiter palpably erred in dismissing the claim for overtime pay; (c.) That the Labor Arbiter palpably erred in not considering complainant’s claim for reimbursement of his placement fee of P150,000 plus 12% interest; salary for the unexpired portion of his contract and attorney’s fees. 3. By way of Opposition, respondents’ submit the following arguments: 4. On the first ground, complainant claims that since the contract of employment did not specify the duration of the contract, complainant’s contract should then be assumed to be three (3) years, in accordance with his 3-year work visa, and not two (2) years, as stated in his POEA Information Sheet (Annex “A”) and Job Confirmation (Annex “B”) duly signed by complainant. I. Complainant’s contract duration is two years as stated in his POEA record and...
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...1. Did Interbrew add value to SUN brewing? How? The Khemka family is evaluating multiple scenarios to decide what future action they want to proceed with in regards to their stake in SUN Interbrew. The Khemka family has identified their options and we are providing a discounted cash flow analysis to bestow insight as to what option is best. The income and cash flow projections as well as the balance sheet for Sun Interbrew (found in Exhibits 1 and 2, respectively) were used as a base for calculations. The assumptions necessary to evaluate the company are detailed in Exhibit 3 and are stated below for simplicity. The revenue growth was assumed to be 14.7% and the discount rate and expense growth rate to be 12% and 0% respectively. Also, our tax rate is assumed to be 28%. Furthermore, our robust checks include a low and high discount rate of 8% and 16% respectively. In addition, we assumed a minimum growth rate of 8.67% and maximum growth rate of 2.55% derived from Capex year over year. Notably, we believe these assumptions coupled with the financial data given provides a detailed analysis of fair evaluations for the Khemka family’s stake in SUN Interbrew. Prior to the joint venture of SUN Interbrew, SUN Brewing was the result of the Khemka family’s desire to take advantage of the small, yet rapidly expanding, Russian brewing industry. After the successful acquisition of several small breweries, SUN Brewing entered into a joint venture with Interbrew. T...
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...has yet to be found, there are many theories that point to the exact same thing. Most of them, have much to do with the factor of the sun. The symptoms of seasonal affective disorder vary from mild depression to suicidal thoughts, with almost everything imaginable in between (Stein, page 2). Although it hasn’t been established what the exact cause of seasonal affective disorder, there is a wide range of theories that exist. Although Seasonal Affective Disorder has roots going all the way back to 1845, it was not officially classified until the psychiatrist Norman E. Rosenthal noticed that a lot of his cases for depression had occurred only during the months of winter(Waltz, page 1). When he published his articles in The Washington Post, he received thousands of letters from people all over the country who had the exact same symptoms that he found with his own patients in his private study. He went on to release the book Winter Blues: Seasonal Affective Disorder: What it is and How to Overcome it. As for now, psychiatrists treat patients with seasonal affective disorder the same way the treat patients who are diagnosed with clinical depression. The cause of Seasonal Affective Disorder has never really been determined. The strongest theory that has the most support is that the disorder is directly related to the sun. Well, the deprivation of the sun. When Dr. Norman E....
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...Solar power as away of providing heat and electrical energy from heat The Sun the heat of the sun is about equivalent to burning a billion trillion tons of coal an hour. Even though only a small fraction of that heat ever reaches the earth it is still more then enough to power the whole world. People seemed to realize the importance of the sun around 30,000 BC. This was when people first started planting crops of wheat. They realized plants did better when planted in the sun over the shade. This caused them to worship the sun as a God. Many cultures built large and extravagant temples to worship the sun in. Other cultures built places to observe the sun in, such as Stonehenge in England. Different Types of Solar Panels There are three main types of solar panels. They are flat plate collectors, focusing collectors, and solar cells. The first kind is a flat plate collector. Flat plate collectors are fastened on the top of the roof of a house. They usually either heat the house or its water. A flat plate collector consists of a black rectangular frame, two or three sheets of glass, and copper plumbing. A flat plat collector uses the greenhouse affect. The sun rays go through the glass but can’t get out through the glass. The sun rays heat the water-filled copper tubes. Then the water is used to heat the home or water. Another type of a solar panel is a focusing collector. They consist of a mirror or mirrors...
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...9-390-049 R E V. D E C E M B E R 14, 1989 A M A R BHI D E Vinod Khosla and Sun Microsystems (A) The president of Computervision was on the line. "We like your workstation," he said, "but the deal with Apollo really is done. I don't see how you could change our minds." It was July 1983. The future of Sun Microsystems, Vinod Khosla thought, lay in the balance. He had to stop Computervision from signing a contract with Apollo. But how could he? Sun was a 40-employee enterprise, started just over a year ago by a team of 26- and 27-year-olds, that had just posted its first million-dollar sales month. Apollo, on the other hand, owned the engineering workstation business. Founded by industry veterans in 1980, Apollo provided high-performance workstations to Computervision's key competitors. Could Computervision bet its future on Sun? The Workstation Market Workstations, like personal computers (PCs), were designed to provide users with dedicated computing power. Historically, many users had shared the computing power of a single minicomputer or mainframe computer through more or less "dumb" terminals. Workstations and PCs, on the other hand, gave individuals their own CPUs (Central Processing Units—the "brains of a computer,”) at their own desks. There were, however, two important differences between workstations and PCs. First, workstations were designed to provide more computing power (close to a minicomputer's) and a greater variety of functions than were PCs...
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