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Wiki Wiki Summary
Financial crisis of 2007–2008 The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929).
Significant figures Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures.
The Simpsons The Simpsons is an American animated sitcom created by Matt Groening for the Fox Broadcasting Company. The series is a satirical depiction of American life, epitomized by the Simpson family, which consists of Homer, Marge, Bart, Lisa, and Maggie.
Decentralization Centralisation or centralization (see spelling differences) is the process by which the activities of an organisation, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particular geographical location group. This moves the important decision-making and planning powers within the center of the organisation.
Decentralized finance Decentralized finance (DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks by using smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts.
Statistical significance In statistical hypothesis testing, a result has statistical significance when it is very unlikely to have occurred given the null hypothesis. More precisely, a study's defined significance level, denoted by \n \n \n \n α\n \n \n {\displaystyle \alpha }\n , is the probability of the study rejecting the null hypothesis, given that the null hypothesis is true; and the p-value of a result, \n \n \n \n p\n \n \n {\displaystyle p}\n , is the probability of obtaining a result at least as extreme, given that the null hypothesis is true.
Explosively formed penetrator An explosively formed penetrator (EFP), also known as an explosively formed projectile, a self-forging warhead, or a self-forging fragment, is a special type of shaped charge designed to penetrate armor effectively. As the name suggests, the effect of the explosive charge is to deform a metal plate into a slug or rod shape and accelerate it toward a target.
Hokusai Katsushika Hokusai (葛飾 北斎, c. 31 October 1760 – 10 May 1849), known simply as Hokusai, was a Japanese artist, ukiyo-e painter and printmaker of the Edo period.
Yaodong A yaodong (Chinese: 窰洞; pinyin: yáodòng) or "house cave" is a particular form of earth shelter dwelling common in the Loess Plateau in China's north. They are generally carved out of a hillside or excavated horizontally from a central "sunken courtyard".The earth that surrounds the indoor space serves as an effective insulator, keeping the inside of the structure warm in cold seasons and cool in hot seasons.
Customer to customer Customer to customer (C2C or consumer to consumer) markets provide a way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service.
Business process A business process, business method or business function is a collection of related, structured activities or tasks by people or equipment in which a specific sequence produces a service or product (serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers.
Osborne effect The Osborne effect is a social phenomenon of customers canceling or deferring orders for the current, soon-to-be-obsolete product as an unexpected drawback of a company's announcing a future product prematurely. It is an example of cannibalization.
Rochester Electronics Rochester Electronics, LLC is a privately owned American technology company headquartered in Newburyport, MA, United States that manufactures and globally distributes semiconductors that are either obsolete or nearing the end of their product lifecycle. The company works under authorization from original semiconductor manufacturers to distribute and is licensed to manufacture obsolete semiconductors.
Renaissance Technologies Renaissance Technologies LLC, also known as RenTech or RenTec, is an American hedge fund based in East Setauket, New York, on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history.
Phase-gate process A phase-gate process (also referred to as a stage-gate process or waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).\nAt each gate, continuation is decided by (typically) a manager, steering committee, or governance board.
App Store (iOS/iPadOS) The App Store is an app store platform, developed and maintained by Apple Inc., for mobile apps on its iOS and iPadOS operating systems. The store allows users to browse and download approved apps developed within Apple's iOS Software Development Kit.
Web application A web application (or web app) is application software that runs on a web browser, unlike software programs that run locally and natively on the operating system (OS) of the device. Web applications are delivered on the World Wide Web to users with an active network connection.
Special Activities Center The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015.
Emergency operations center An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Operation (mathematics) In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Avon Products Avon Products, Inc. or simply known as Avon, is a British multinational cosmetics, skin care, fragrance and personal care company, based in London.
Property rights (economics) Property rights have developed over ancient and modern history, from Abrahamic law to todays Universal Declaration of Human Rights article 17. Property rights can be understood as constructs in economics for determining how a resource or economic good is used and owned.
Proprietary Proprietary software, also known as non-free software or closed-source software, is computer software for which the software's publisher or another person reserves some licensing rights to use, modify, share modifications, or share the software, restricting user freedom with the software they lease. It is the opposite of open-source or free software.
Proprietary trading Proprietary trading (also known as "prop trading") occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money, aka the nostro account, contrary to depositors' money, in order to make a profit for itself. Proprietary trading can create potential conflicts of interest such as insider trading and front running.Proprietary traders may use a variety of strategies such as index arbitrage, statistical arbitrage, merger arbitrage, fundamental analysis, volatility arbitrage, or global macro trading, much like a hedge fund.
Proprietary company A proprietary company, (abbreviated as 'Pty.'), is a form of privately held company in Australia and South Africa that is either limited or unlimited. However, unlike a public company there are, depending on jurisdiction, restrictions on what it can and cannot do.
Proprietary protocol In telecommunications, a proprietary protocol is a communications protocol owned by a single organization or individual.\n\n\n== Intellectual property rights and enforcement ==\nOwnership by a single organization gives the owner the ability to place restrictions on the use of the protocol and to change the protocol unilaterally.
List of states and territories of the United States The United States of America is a federal republic consisting of 50 states, a federal district (Washington, D.C., the capital city of the United States), five major territories, and various minor islands. The 48 contiguous states and Washington, D.C., are in North America between Canada and Mexico.
Democratic Party (United States) The Democratic Party is one of the two major contemporary political parties in the United States. It was founded in 1828 by supporters of Andrew Jackson, making it the world's oldest active political party.
Good Friday Agreement The Good Friday Agreement (GFA), or Belfast Agreement (Irish: Comhaontú Aoine an Chéasta or Comhaontú Bhéal Feirste; Ulster-Scots: Guid Friday Greeance or Bilfawst Greeance), is a pair of agreements signed on 10 April 1998 that ended most of the violence of the Troubles, a political conflict in Northern Ireland that had ensued since the late 1960s. It was a major development in the Northern Ireland peace process of the 1990s.
Master service agreement A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.\nA master agreement delineates a schedule of lower-level service agreements, permitting the parties to quickly enact future transactions or agreements, negotiating only the points specific to the new transactions and relying on the provisions in the master agreement for common terms.
Prenuptial agreement A prenuptial agreement, antenuptial agreement, or premarital agreement (commonly referred to as a prenup), is a written contract entered into by a couple prior to marriage or a civil union that enables them to select and control many of the legal rights they acquire upon marrying, and what happens when their marriage eventually ends by death or divorce. Couples enter into a written prenuptial agreement to supersede many of the default marital laws that would otherwise apply in the event of divorce, such as the laws that govern the division of property, retirement benefits, savings, and the right to seek alimony (spousal support) with agreed-upon terms that provide certainty and clarify their marital rights.
Outline of intellectual property The following outline is provided as an overview of and topical guide to intellectual property:\nIntellectual property – intangible assets such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions trade secrets.
Strategic litigation Strategic litigation, also known as impact litigation, is the practice of bringing lawsuits intended to effect societal change. Impact litigation cases may be class action lawsuits or individual claims with broader significance, and may rely on statutory law arguments or on constitutional claims.
Intellectualization In psychology, intellectualization is a defense mechanism by which reasoning is used to block confrontation with an unconscious conflict and its associated emotional stress – where thinking is used to avoid feeling. It involves emotionally removing one's self from a stressful event.
Intellectual functioning Intellectual functioning refers to the "general mental ability that includes reasoning, planning, problem solving, abstract thinking, comprehending complex ideas, learning quickly and learning from experience". Significantly limited or impaired intellectual functioning characterizes intellectual disabilities.Ageing has been shown to cause a decline in intellectual functioning.
Mary McCarthy (author) Mary Therese McCarthy (June 21, 1912 – October 25, 1989) was an American novelist, critic and political activist, best known for her novel The Group, her marriage to critic Edmund Wilson, and her storied feud with playwright Lillian Hellman.\n\n\n== Literary career ==\nHer debut novel, The Company She Keeps, received critical acclaim as a succès de scandale, depicting the social milieu of New York intellectuals of the late 1930s with unreserved frankness.
United States District Court for the Central District of California The United States District Court for the Central District of California (in case citations, C.D. Cal.; commonly referred to as the CDCA or CACD) is a Federal trial court that serves over 19 million people in Southern and Central California, making it the most populous federal judicial district. The district was created on September 18, 1966.
Risk Factors
FARO TECHNOLOGIES INC Item 1A Risk Factors
We discuss expectations regarding our future performance and make other forward-looking statements in our annual and quarterly reports, press releases and other written and oral statements
These forward-looking statements are based on currently available competitive, financial and economic data and our operating plans
They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations
The following discussion of risks and uncertainties which is not exclusive, highlights some important factors to consider when evaluating our trends and future results
Our customers’ buying process for our products is highly decentralized, and therefore, it typically requires significant time and expense for us to further penetrate the potential market of a specific customer, which may delay our ability to generate additional revenue
Our success will depend, in part, on our ability to further penetrate our customer base
During 2005, 40dtta6prca of our revenue was attributable to sales to our existing customers, compared to 52dtta7prca in 2004
If we are not able to continue to penetrate our existing customer base, our sales growth will be impaired
Most of our customers have a decentralized buying process for measurement devices
Thus, we must spend significant time and resources to increase revenues from a specific customer
For example, we may provide products to only one of our customers manufacturing facilities or for a specific product line within a manufacturing facility
We cannot be certain that we will be able to maintain or increase the amount of sales to our existing customers
10 _________________________________________________________________ Others may develop products that make our products obsolete or less competitive
The CAM2 market is emerging and could be characterized by rapid technological change
Others may develop new or improved products, processes or technologies that may make our products obsolete or less competitive
We cannot assure you that we will be able to adapt to evolving markets and technologies or maintain our technological advantage
Our success will depend, in part, on our ability to maintain our technological advantage by developing new products and applications and enhancing our existing products
Developing new products and applications and enhancing our existing products can be complex and time-consuming and will require substantial investment by us
Significant delays in new product releases or difficulties in developing new products could adversely affect our revenues and results of operations
Because our customers are concentrated in a few industries, a reduction in sales to any one of these industries could cause a significant decline in our revenues
An economic slowdown in manufacturing will affect our growth and profitability
A significant portion of our sales are to manufacturers in the automotive, aerospace and heavy equipment industries
We are dependent upon the continued growth, viability and financial stability of our customers in these industries, which are highly cyclical and dependent upon the general health of the economy and consumer spending
The cyclical nature of these industries may exert significant influence on our revenues and results of operations
In addition, the volume of orders from our customers and the prices of our products may be adversely impacted by decreases in capital spending by a significant portion of our customers during recessionary periods
In addition, we generate significant accounts receivable in connection with providing products and services to our customers
If one or more of our significant customers were to become insolvent or otherwise were unable to pay for the products provided by us, our operating results and financial condition would be adversely affected
Our inability to protect our patents and proprietary rights in the United States and foreign countries could adversely affect our revenues
Our success depends in large part on our ability to obtain and maintain patent and other proprietary right protection for our processes and products in the United States and other countries
We also rely upon trade secrets, technical know-how and continuing inventions to maintain our competitive position
We seek to protect our technology and trade secrets, in part, by confidentiality agreements with our employees and contractors
Our employees may breach these agreements or our trade secrets may otherwise become known or be independently discovered by inventors
If we are unable to obtain or maintain protection of our patents, trade secrets and other proprietary rights, we may not be able to prevent third parties from using our proprietary rights
Our patent protection involves complex legal and technical questions
Our patents may be challenged, narrowed, invalidated or circumvented
We may be able to protect our proprietary rights from infringement by third parties only to the extent that our proprietary processes and products are covered by valid and enforceable patents or are effectively maintained as trade secrets
Furthermore, others may independently develop similar or alternative technologies or design around our patented technologies
Litigation or other proceedings to defend or enforce our intellectual property rights could require us to spend significant time and money and could otherwise adversely affect our business
11 _________________________________________________________________ Claims from others that we infringe their intellectual property rights may adversely affect our operations
From time to time we receive notices from others claiming we infringe their intellectual property rights
Responding to these claims may require us to enter into royalty or licensing agreements on unfavorable terms, require us to stop selling or to redesign affected products or require us to pay damages
Any litigation or interference proceedings, regardless of their outcome, may be costly and may require significant time and attention of our management and technical personnel
On November 25, 2003, Cimcore-Romer (now a division of Hexagon) filed a patent infringement suit against us in the Federal District Court for the Southern District of California alleging that certain of our products sold in the United States, including the FARO Arm, infringe US Patent 5cmam829cmam148