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Wiki Wiki Summary
Algorithmic trading Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of computers relative to human traders.
Profitability analysis In cost accounting, profitability analysis is an analysis of the profitability of an organisation's output. Output of an organisation can be grouped into products, customers, locations, channels and/or transactions.
Independent expenditure An independent expenditure, in elections in the United States, is a political campaign communication that expressly advocates for the election or defeat of a clearly identified candidate that is not made in cooperation, consultation or concert with; or at the request or suggestion of a candidate, candidate's authorized committee or political party. If a candidate, his/her agent, his/her authorized committee, his/her party, or an "agent" for one of these groups becomes "materially involved", the expenditure is not independent.
Defensive expenditures In environmental accounting, defensive expenditures are expenditures that seek to minimise potential damage to oneself. Examples include defence and insurance.
Video game A video game or computer game is an electronic game that involves interaction with a user interface or input device – such as a joystick, controller, keyboard, or motion sensing device – to generate visual feedback. This feedback mostly commonly is shown on a video display device, such as a TV set, monitor, touchscreen, or virtual reality headset.
Private military company A private military company (PMC) is a private company providing armed combat or security services for financial gain. PMCs refer to their personnel as "security contractors" or "private military contractors".
United States federal budget The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies.
Conflict of interest A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to make decisions for the benefit of a third party.
Substantial truth Substantial truth is a legal doctrine affecting libel and slander laws in common law jurisdictions such as the United States or the United Kingdom.\n\n\n== United States law ==\nUnder the United States law, a statement cannot be held to be actionable as slanderous or libellous if the statement is true but has "slight inaccuracies of expression".
Acquisition of 21st Century Fox by Disney The acquisition of 21st Century Fox by Disney was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition of 21st Century Fox by Disney included the 20th Century Fox film and television studios, U.S. cable/satellite channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu.
Motorola Motorola, Inc. () was an American multinational telecommunications company based in Schaumburg, Illinois, United States.
Introduced species An introduced species, alien species, exotic species, adventive species, immigrant species, foreign species, non-indigenous species, or non-native species is a species living outside its native distributional range, but which has arrived there by human activity, directly or indirectly, and either deliberately or accidentally. Non-native species can have various effects on the local ecosystem.
New Market, Indiana New Market is a town in Montgomery County, Indiana, in the United States. The population was 636 at the 2010 census.
Product manager A product manager (PM) is a professional role that is responsible for the development of products for an organization, known as the practice of product management. Product managers own the product strategy behind a product (physical or digital), specify its functional requirements, and manage feature releases.
Avatar 3 Avatar 3 is an upcoming American epic science fiction film directed, со-produced, co-written, and co-edited by James Cameron. It is the second of four planned sequels to his film Avatar (2009) and will be the sequel to Avatar: The Way of Water (2022), making it the third film in Cameron's Avatar franchise.
Geocaching Geocaching is an outdoor recreational activity, in which participants use a Global Positioning System (GPS) receiver or mobile device and other navigational techniques to hide and seek containers, called "geocaches" or "caches", at specific locations marked by coordinates all over the world.\nA typical cache is a small waterproof container containing a logbook and sometimes a pen or pencil.
Foreign exchange risk Foreign exchange risk (also known as FX risk, exchange rate risk or currency risk) is a financial risk that exists when a financial transaction is denominated in a currency other than the domestic currency of the company. The exchange risk arises when there is a risk of an unfavourable change in exchange rate between the domestic currency and the denominated currency before the date when the transaction is completed.Foreign exchange risk also exists when the foreign subsidiary of a firm maintains financial statements in a currency other than the domestic currency of the consolidated entity.
Assurance Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Cent (currency) The cent is a monetary unit of many national currencies that equals 1⁄100 of the basic monetary unit.\nEtymologically, the word 'cent' derives from the Latin word centum meaning hundred.
Penny Pinchers Penny Pinchers (Korean: 티끌모아 로맨스; RR: Tikkeulmoa Romaenseu; lit. "Penny-Pinching Romance" or "Saving Up for Romance") is a 2011 South Korean romantic comedy film written and directed Kim Jung-hwan, starring Han Ye-seul and Song Joong-ki.Kim received a Best New Director nomination at the 48th Baeksang Arts Awards in 2012.
Murata Manufacturing Murata Manufacturing Co., Ltd. (株式会社村田製作所, Kabushiki-gaisha Murata Seisakusho) is a Japanese manufacturer of electronic components, based in Nagaokakyo, Kyoto.
Monster.com Monster.com is a global employment website owned and operated by Monster Worldwide, Inc. It was created in 1999 through the merger of The Monster Board (TMB) and Online Career Center (OCC).
ISO basic Latin alphabet The ISO basic Latin alphabet is an international standard (beginning with ISO/IEC 646) for a Latin-script alphabet that consists of two sets (uppercase and lowercase) of 26 letters, codified in various national and international standards and used widely in international communication. They are the same letters that comprise the current English alphabet.
Externality In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either consumer or producer market transactions.
Bloom's taxonomy Bloom's taxonomy is a set of three hierarchical models used for classification of educational learning objectives into levels of complexity and specificity. The three lists cover the learning objectives in cognitive, affective and psychomotor domains.
Conditions races Conditions races are horse races in which the weights carried by the runners are laid down by the conditions attached to the race. Weights are allocated according to the sex of the runners, with female runners carrying less weight than males; the age of the runners, with younger horses receiving weight from older runners to allow for relative maturity, referred to as weight for age; and the quality of the runners, with horses that have won certain values of races giving weight to less successful entrants.
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Big Five personality traits The Big Five personality traits is a suggested taxonomy, or grouping, for personality traits, developed from the 1980s onward in psychological trait theory. \nStarting in the 1990s, the theory identified five factors by labels, for the US English speaking population, typically referred to as:\n\nopenness to experience (inventive/curious vs.
Marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaigns; attendance at trade shows and public events; design of products and packaging attractive to buyers; defining the terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the buying habits of others; agreements with retailers, wholesale distributors, or resellers; and attempts to create awareness of, loyalty to, and positive feelings about a brand. Marketing is typically done by the seller, typically a retailer or manufacturer.
International litigation International litigation, sometimes called transnational litigation, is the practice of litigation in connection with disputes among businesses or individuals residing or based in different countries.\nThe main difference between international litigation and domestic litigation is that, in the former, certain issues are more likely to be of significance — such as personal jurisdiction, service of process, evidence from abroad, and enforcement of judgments.
Foodservice distributor A food service distributor is a company that provides food and non-food products to restaurants, cafeterias, industrial caterers, hospitals, schools/colleges/universities, nursing homes, and anywhere food is served away from the home.\n\n\n== Description ==\nA food service distributor functions as an intermediary between food manufacturers and the food service operator (usually a chef, food service director, food and beverage manager, and independent food preparation businesses operator owners.) The distributor purchases, stores, sells, and delivers those products, providing food service operators with access to items from a wide variety of manufacturers.
International Monetary Fund The International Monetary Fund (IMF) is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system.
Firearm malfunction A firearm malfunction is the failure of a firearm to operate as intended for causes other than user error. Malfunctions range from temporary and relatively safe situations, such as a casing that did not eject, to potentially dangerous occurrences that may permanently damage the gun and cause injury or death.
Check engine light A check engine light or malfunction indicator lamp (MIL), is a tell-tale that a computerized engine-management system uses to indicate a malfunction. Found on the instrument panel of most automobiles, it usually bears the legend engine, check engine, service engine soon, maintenance required, emmiss maint, or a pictogram of an engine—and when illuminated, it is typically an amber or red color.
Diving regulator A diving regulator is a pressure regulator that controls the pressure of breathing gas for diving. The most commonly recognised application is to reduce pressurized breathing gas to ambient pressure and deliver it to the diver, but there are also other types of gas pressure regulator used for diving applications.
Risk Factors
AMPHENOL CORP /DE/ Item 1A Risk Factors Investors should carefully consider the risks described below and all other information in this Form 10-K The risks and uncertainties described below are not the only ones facing the Company
Additional risks and uncertainties not presently known to the Company or that it currently deems immaterial may also impair the Company’s business and operations
If any of the following risks actually occur, the Company’s business, financial condition or results of operations could be materially adversely affected
In such case, the trading price of the Company’s common stock could decline and investors may lose all or part of their investment
The Company is dependent on the communications industry, including telecommunication and data communication, wireless communications and cable television
Approximately 51prca of the Company’s revenues for the year ended December 31, 2005 came from sales to the communications industry, including telecommunication and data communication, wireless communications and cable television
Demand for these products is subject to rapid technological change (see below—”The Company is dependent on the acceptance of new product introductions for continued revenue growth”)
These markets are dominated by several large manufacturers and operators who regularly exert significant price pressure on their suppliers, including the Company
While sales to the 8 ______________________________________________________________________ Company’s largest customer were less than 4prca of consolidated sales, the loss of one or more of the large communications manufacturers or operators could have a material adverse effect on the Company’s business
There can be no assurance that the Company will be able to continue to compete successfully in the communications industry, and the Company’s failure to do so could impair the Company’s results of operations
Approximately 12prca of the Company’s revenues for the year ended December 31, 2005 came from sales to the cable television industry
Demand for the Company’s cable television products depends primarily on capital spending by cable television operators for constructing, rebuilding or upgrading their systems
The amount of this capital spending, and, therefore, the Company’s sales and profitability will be affected by a variety of factors, including general economic conditions, acquisitions of cable television operators by non-cable television operators, cable system consolidation within the industry, the financial condition of domestic cable television operators and their access to financing, competition from satellite and wireless television providers and telephone companies, technological developments and new legislation and regulation of cable television operators
There can be no assurance that existing levels of cable television capital spending will continue or that cable television spending will not decrease
Changes in defense expenditures may reduce the Company’s sales
Approximately 24prca of the Company’s revenues for the year ended December 31, 2005 came from sales to the commercial aerospace and military market
The Company participates in a broad spectrum of defense programs and believes that no one program accounted for more than 2prca of its revenues for the year ended December 31, 2005
However, the Company’s sales are generally to contractors and subcontractors of the US or foreign governments or to distributors that in turn sell to the contractors and subcontractors
Nevertheless, the Company’s sales are affected by changes in the defense budgets of the US and foreign governments
The US defense budget declined in real terms from 1986 to 1998
Beginning in 1999, the US defense budget has been increasing and increased again in 2005
Nevertheless, a decline in US defense expenditures and defense expenditures generally could adversely affect the Company’s business
The Company encounters competition in substantially all areas of its business
The Company competes primarily on the basis of engineering, product quality, price, customer service and delivery time
Competitors include large, diversified companies, some of which have substantially greater assets and financial resources than the Company, as well as medium to small companies
There can be no assurance that additional competitors will not enter the Company’s existing markets, nor can there be any assurance that the Company will be able to compete successfully against existing or new competition
The Company is dependent on the acceptance of new product introductions for continued revenue growth
The Company estimates that products introduced in the last two years accounted for approximately 20prca of net sales for the year ended December 31, 2005
The Company’s long-term results of operations depend substantially upon its ability to continue to conceive, design, source and market new products and upon continuing market acceptance of its existing and future product lines
In the ordinary course of business, the Company continually develop or create new product line concepts
If the Company fails or is significantly delayed in introducing new product line concepts or if the Company’s new products do not meet with market acceptance, our results of operations may be impaired
Covenants in the Company’s credit agreements may adversely affect the Company
The Company’s bank credit agreements contain financial and other covenants, such as a limit on the ratio of debt to earnings before interest, taxes, depreciation and amortization, minimum levels of net worth, and limits on incurrence of liens
Although the Company believes none of these covenants are presently restrictive to the Company’s operations, the ability to meet the financial covenants can be affected by events beyond the Company’s control, and the Company cannot provide assurance that the Company will meet those tests
A breach of any of these covenants could result in a default under the Company’s credit agreements
Upon the occurrence of an event of default under any of the Company’s credit facilities, the lenders could elect to declare all amounts outstanding thereunder to be immediately due and payable and terminate all commitments to extend further credit
If the lenders accelerate the repayment of borrowings, the Company cannot provide assurance that it will have sufficient assets to repay the Company’s credit facilities and other indebtedness
See “Liquidity and Capital Resources”
9 ______________________________________________________________________ Downgrades of the Company’s debt rating could adversely affect the Company
If the credit rating agencies that rate the Company’s debt were to downgrade the Company’s credit rating in conjunction with a deterioration of the Company’s performance it may increase the Company’s cost of capital and make it more difficult for the Company to obtain new financing
The Company’s results may be negatively affected by changing interest rates
The Company is subject to market risk from exposure to changes in interest rates based on the Company’s financing activities
The Company utilizes interest rate swap agreements to manage and mitigate its exposure to changes in interest rates
At December 31, 2005, the Company had interest rate protection in the form of swaps that effectively fixed the Company’s LIBOR interest rate on dlra150dtta0 million, dlra250dtta0 million and dlra250dtta0 million of floating rate debt at 4dtta82prca, 4dtta24prca and 4dtta85prca, expiring in December 2007, July 2008 and December 2008, respectively
At December 31, 2005, the Company’s average LIBOR rate was 4dtta6prca
A 10prca change in the LIBOR interest rate at December 31, 2005 would have had the effect of increasing or decreasing interest expense by approximately dlra0dtta3 million
The Company does not expect changes in interest rates to have a material effect on income or cash flows in 2006, although there can be no assurances that interest rates will not significantly change
The Company’s results may be negatively affected by foreign currency exchange rates
The Company conducts business in several international currencies through its worldwide operations, and as a result is subject to foreign exchange exposure due to changes in exchange rates of the various currencies
Changes in exchange rates can positively or negatively affect the Company’s sales, gross margins and retained earnings
The Company attempts to minimize currency exposure risk by producing its products in the same country or region in which the products are sold, thereby generating revenues and incurring expenses in the same currency and by managing its working capital although there can be no assurance that this approach will be successful, especially in the event of a significant and sudden decline in the value of any of the international currencies of the Company’s worldwide operations
The Company does not engage in purchasing forward exchange contracts for speculative purposes
The Company’s operating results may be adversely affected by foreign operations
International manufacturing and sales are subject to inherent risks, including changes in local economic or political conditions, the imposition of currency exchange restrictions, unexpected changes in regulatory environments, potentially adverse tax consequences and the exchange rate risk discussed above
There can be no assurance that these factors will not have a material adverse impact on the Company’s production capabilities or otherwise adversely affect the Company’s business and operating results
The Company may experience difficulties and unanticipated expense, including the potential for the impairment of goodwill, of assimilating newly acquired businesses
The Company has completed a number of acquisitions in the past few years
It is possible the Company may experience difficulty integrating such acquisitions and further that the acquisitions may not perform as expected
At December 31, 2005, the total assets on the Company’s balance sheet were dlra1cmam932dtta5 million, which included dlra886dtta7 million of goodwill
The goodwill arose as the excess of the purchase price over the fair value of net assets of businesses acquired dating over the period 1987-2005
The Company performs annual evaluations for the potential impairment of the carrying value of goodwill in accordance with Statement of Financial Accounting Standards Nodtta 142
Such evaluations have not resulted in the need to recognize an impairment
However, if the financial performance of the Company’s businesses were to decline significantly, the Company could incur a non-cash charge to its income statement for the impairment of goodwill
The Company may experience difficulties in obtaining a consistent supply of materials at stable pricing levels
The Company uses basic materials like steel, aluminum, copper, bi-metallic products, gold and plastic resins in its manufacturing process
Volatility in the prices of such material and availability of supply may have a substantial impact on the price the Company pays for such products
In addition, to the extent such cost increases cannot be recovered through sales price increases or productivity improvements, the Company’s margin may decline
10 ______________________________________________________________________ The Company may not be able to attract and retain key employees
The Company’s continued success depends upon its continued ability to hire and retain key employees at its operations around the world
Any difficulties in obtaining or retaining the management and other human resource competencies that the Company needs to achieve its business objectives may have adverse affects on the Company’s performance
Changes in general economic conditions and other factors beyond the Company’s control may adversely impact its business
The following factors could adversely impact the Company’s business: • A global economic slowdown in any one, or all, of the Company’s market segments
• The effects of significant changes in monetary and fiscal policies in the US and abroad including significant currency fluctuations and unforeseen inflationary pressures
• Rapid material escalation of the cost of regulatory compliance and litigation
Unexpected government policies and regulations affecting the Company or its significant customers
Unforeseen intergovernmental conflicts or actions, including but not limited to armed conflict and trade wars
Unforeseen interruptions to the Company’s business with its largest customers, distributors and suppliers resulting from but limited to, strikes, financial instabilities, computer malfunctions or inventory excesses