1.
Ticker symbol
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A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both, ticker symbol refers to the symbols that were printed on the ticker tape of a ticker tape machine. Stock symbols are unique identifiers assigned to each security traded on a particular market, for example, AAPL is for Apple Inc. OODH is for Orion DHC, Inc. and HD is for Home Depot, a stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, the allocation of symbols and formatting convention is specific to each stock exchange. In the US, for example, stock tickers are typically between 1 and 4 letters and represent the name where possible. In Europe, most exchanges use three-letter codes, for example Dutch consumer goods company Unilever traded on the Amsterdam Euronext exchange has the symbol UNA, while in Asia, numbers are often used as stock tickers to avoid issues for international investors when using non-Latin scripts. For example, the bank HSBCs stock traded on the Hong Kong Stock Exchange has the ticker symbol 0005, symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a spelling of the company XON as its ticker symbol. The symbol of the firm after the merger was XOM, symbols are sometimes reused, in the US the single-letter symbols are particularly sought after as vanity symbols. For example, since Mar 2008 Visa Inc. has used the symbol V that had previously used by Vivendi which had delisted. To fully qualify a stock, both the ticker and the exchange or country of listing needs to be known, on many systems both must be specified to uniquely identify the security. This is often done by appending the location or exchange code to the ticker, although stock tickers identify a security, they are exchange dependent, generally limited to stocks and can change. These limitations have led to the development of other codes in financial markets to identify securities for settlement purposes, the most prevalent of these is the International Securities Identifying Number. An ISIN uniquely identifies a security and its structure is defined in ISO6166, Securities for which ISINs are issued include bonds, commercial paper, stocks, and warrants. The ISIN identifies the security, not the exchange on which it trades, for instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide, and is priced in five different currencies, it has the same ISIN on each, though not the same ticker symbol. ISIN cannot specify a particular trade in this case, and another identifier, following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics, but they are still widely referred to as EPICs. Stocks can also be identified using their SEDOL number or their ISIN, in the United States, modern letter-only ticker symbols were developed by Standard & Poors to bring a national standard to investing
2.
NASDAQ
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The Nasdaq Stock Market is an American stock exchange. It is the second-largest exchange in the world by market capitalization, the exchange platform is owned by Nasdaq, Inc. which also owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several other US stock and options exchanges. When it was founded, NASDAQ stood for the acronym of National Association of Securities Dealers Automated Quotations, NASDAQ was founded in 1971 by the National Association of Securities Dealers, which divested itself of NASDAQ in a series of sales in 2000 and 2001. The Nasdaq Stock Market is owned and operated by Nasdaq, Inc. the stocks of which were listed on its own stock exchange marketing July 2,2002, when the Nasdaq Stock Market began trading on February 8,1971, it was the worlds first electronic stock market. At first, it was merely a system and did not provide a way to perform electronic trades. The Nasdaq Stock Market helped lower the spread but was unpopular among brokerages which made much of their money on the spread. As late as 1987, the NASDAQ exchange was still referred to as OTC in media. Over the years, the Nasdaq Stock Market became more of a market by adding trade and volume reporting. The Nasdaq Stock Market attracted new companies such as Microsoft, Apple, Cisco, Oracle and Dell. Its main index is the NASDAQ Composite, which has published since its inception. In 1992, the Nasdaq Stock Market joined with the London Stock Exchange to form the first intercontinental linkage of securities markets, the National Association of Securities Dealers spun off the Nasdaq Stock Market in 2000 to form a publicly traded company. In 2006, the status of the Nasdaq Stock Market was changed from a market to a licensed national securities exchange. In 2007, Nasdaq merged with OMX, an exchange operator in the Nordic countries, expanded its global footprint. NASDAQ OMX could be looking to acquire the American exchanges cash equities business, at the time, NYSE Euronext’s market value was $9.75 billion. Nasdaq was valued at $5.78 billion, while ICE was valued at $9.45 billion. Late in the month, Nasdaq was reported to be considering asking either ICE or the Chicago Mercantile Exchange to join in what would probably have to be, if it proceeded, an $11–12 billion counterbid. The European Association of Securities Dealers Automatic Quotation System was founded as a European equivalent to the Nasdaq Stock Market and it was purchased by NASDAQ in 2001 and became NASDAQ Europe. Operations were shut down, however, as a result of the burst of the dot-com bubble, in 2007, NASDAQ Europe was revived as Equiduct, and is currently operating under Börse Berlin
3.
Electronics
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Electronics is the science of controlling electrical energy electrically, in which the electrons have a fundamental role. Commonly, electronic devices contain circuitry consisting primarily or exclusively of active semiconductors supplemented with passive elements, the science of electronics is also considered to be a branch of physics and electrical engineering. The ability of electronic devices to act as switches makes digital information processing possible, until 1950 this field was called radio technology because its principal application was the design and theory of radio transmitters, receivers, and vacuum tubes. Today, most electronic devices use semiconductor components to perform electron control and this article focuses on engineering aspects of electronics. Components are generally intended to be connected together, usually by being soldered to a circuit board. Components may be packaged singly, or in more complex groups as integrated circuits, some common electronic components are capacitors, inductors, resistors, diodes, transistors, etc. Components are often categorized as active or passive, vacuum tubes were among the earliest electronic components. They were almost solely responsible for the revolution of the first half of the Twentieth Century. They took electronics from parlor tricks and gave us radio, television, phonographs, radar, long distance telephony and they played a leading role in the field of microwave and high power transmission as well as television receivers until the middle of the 1980s. Since that time, solid state devices have all but completely taken over, vacuum tubes are still used in some specialist applications such as high power RF amplifiers, cathode ray tubes, specialist audio equipment, guitar amplifiers and some microwave devices. The 608 contained more than 3,000 germanium transistors, thomas J. Watson Jr. ordered all future IBM products to use transistors in their design. From that time on transistors were almost exclusively used for computer logic, circuits and components can be divided into two groups, analog and digital. A particular device may consist of circuitry that has one or the other or a mix of the two types, most analog electronic appliances, such as radio receivers, are constructed from combinations of a few types of basic circuits. Analog circuits use a range of voltage or current as opposed to discrete levels as in digital circuits. The number of different analog circuits so far devised is huge, especially because a circuit can be defined as anything from a single component, analog circuits are sometimes called linear circuits although many non-linear effects are used in analog circuits such as mixers, modulators, etc. Good examples of analog circuits include vacuum tube and transistor amplifiers, one rarely finds modern circuits that are entirely analog. These days analog circuitry may use digital or even microprocessor techniques to improve performance and this type of circuit is usually called mixed signal rather than analog or digital. Sometimes it may be difficult to differentiate between analog and digital circuits as they have elements of both linear and non-linear operation, an example is the comparator which takes in a continuous range of voltage but only outputs one of two levels as in a digital circuit
4.
High Tech Campus Eindhoven
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The High Tech Campus Eindhoven is a high tech center and R&D ecosystem on the Southern edge of the Dutch city of Eindhoven. In 2016, the High Tech Campus is home to more than 140 companies and institutions, comprising over 10,000 R&D-staff and entrepreneurs, one of the main goals of the campus is to foster cooperation between companies. The high density of research and business people forms what the Brookings Institution terms an Innovation District, the establishment of a trusted ecosystem encourages a faster exchange of ideas in order to enhance technological and product development. This explains why the campus is considered to be an active business ecosystem, Philips was the original driving force behind the establishment of High Tech Campus Eindhoven. At the end of the 1990s, the R&D activities of the company were spread right across the city of Eindhoven, in 1998, Philips established the Philips High Tech Campus to act as a single location for all its international R&D activities. An atmosphere of openness and the concentration of high-end knowledge produced considerable interaction between researchers of different technical disciplines, knowledge sharing and mutual inspiration generated a definite boost for the innovative capacity of the organisation. To further accelerate this process, Philips decided in 2003 to open up the Campus to other technological companies, the result was a massive growth in the number of high-tech companies – both large and small. In March 2012 the Campus entered a new phase in its history, High Tech Campus Eindhoven was sold by Philips to Ramphastos Investments, a private consortium of investors led by Marcel Boekhoorn. Philips remains on the Campus as a tenant, but its status changed from owner/manager to resident, the campus attracts companies and research institutes engaging in advanced high-tech research and development. This includes research and development activity in the area of High Tech Systems, Nanotechnology, Embedded Systems, Smart Pharma, Life Sciences as well as Security and Encryption. Campus residents file - on average -4 patents a day, making the one of the benchmark centres for Dutch innovation. The High Tech Campus is located on the grounds of the former Philips Research Laboratories Eindhoven, when Philips sold the campus, opening it to other tenants, the facilities such as laboratories, cleanrooms, test facilities were opened up to other residents. The close proximity of high-tech specialists, researchers and businesses has helped to develop a productive ecosystem. Companies on campus include Philips Research, Philips Applied Technologies, Atos Origin, Aquaver, FluXXion, Cytocentrics, NXP and Dalsa. The campus is 1 km2 in size and includes 45,000 m2 of R&D facilities,185,000 m2 office space,6.000 m2 reserved for technology start-ups and 150,000 m2 of area open for development. The International Association of Science Parks ranks High Tech Campus in the top 17% of global science parks, the campus is surrounded by the Eindhoven high tech industry. Companies very near the campus include ASML, FEI Company and VDL Groep, the Eindhoven University of Technology is only a few kilometers away. The campus is located in one of the most innovative R&D-regions in the European Union, the campus is designed around a social hub known as The Strip
5.
Eindhoven
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Eindhoven is a municipality and a city in the south of the Netherlands, originally at the confluence of the Dommel and Gender streams. The Gender was dammed short of the city centre in the 1950s, the city has a population of 223,220 in January 2015, making it the fifth-largest municipality of the Netherlands and the largest in the province of North Brabant. Neighbouring cities and towns include Asten, Son en Breugel, Nuenen, Geldrop-Mierlo, Heeze-Leende, Waalre, Veldhoven, Eersel, Oirschot, the agglomeration has a population of 337,487. The metropolitan area consists of 419,045 inhabitants, the city region has a population of 753,426. Also, Eindhoven is located in the Brabantse Stedenrij, a metropolitan area with about 2 million inhabitants. The name Eindhoven derives from the contraction of the regional words eind, toponymically, eind occurs commonly as a prefix and postfix in local place- and streetnames. A hove comprised a parcel of land which a local lord might lease to private persons, given that a string of such parcels existed around Woensel, the name Eindhoven may have originated with the meaning last hoves on the land of Woensel. The written history of Eindhoven started in 1232, when Duke Hendrik I of Brabant granted city rights to Endehoven, then a small town right on the confluence of the Dommel, at the time of granting of its charter, Eindhoven had approximately 170 houses enclosed by a rampart. Just outside the city stood a small castle. The city was granted the right to organize a weekly market. Another factor in its establishment was its location on the route from Holland to Liège. Around 1388, the fortifications were strengthened further. And between 1413 and 1420, a new castle was built within the city walls, in 1486, Eindhoven was plundered and burned by troops from Guelders. The reconstruction of Eindhoven was finished in 1502, with a stronger rampart, however, in 1543 it fell again, its defense works having been neglected due to poverty. A big fire in 1554 destroyed 75% of the houses but by 1560 these had been rebuilt with the help of William I of Orange, Eindhoven did not become part of the Netherlands until 1629. During the French occupation, Eindhoven suffered again with many of its houses destroyed by the invading forces, Eindhoven remained a minor city after that until the start of the industrial revolution. The industrial revolution of the 19th century provided a major growth impulse, canals, roads and railroads were constructed. Industrialization brought population growth to Eindhoven, at the establishment of the Kingdom of the Netherlands in 1815, Eindhoven had 2,310 inhabitants
6.
Netherlands
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The Netherlands, also informally known as Holland is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam, Rotterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country. Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country also ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life. The Netherlands also ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder, Nether and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Boven, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, however, changed over time tremendously
7.
Semiconductor
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Semiconductors are crystalline or amorphous solids with distinct electrical characteristics. They are of high electrical resistance — higher than typical resistance materials and their resistance decreases as their temperature increases, which is behavior opposite to that of a metal. The behavior of charge carriers which include electrons, ions and electron holes at these junctions is the basis of diodes, transistors and all modern electronics. Semiconductor devices can display a range of properties such as passing current more easily in one direction than the other, showing variable resistance. The modern understanding of the properties of a semiconductor relies on quantum physics to explain the movement of carriers in a crystal lattice. Doping greatly increases the number of carriers within the crystal. When a doped semiconductor contains mostly free holes it is called p-type, the semiconductor materials used in electronic devices are doped under precise conditions to control the concentration and regions of p- and n-type dopants. A single semiconductor crystal can have many p- and n-type regions, although some pure elements and many compounds display semiconductor properties, silicon, germanium, and compounds of gallium are the most widely used in electronic devices. Elements near the so-called metalloid staircase, where the metalloids are located on the table, are usually used as semiconductors. Some of the properties of materials were observed throughout the mid 19th. The first practical application of semiconductors in electronics was the 1904 development of the Cats-whisker detector, developments in quantum physics in turn allowed the development of the transistor in 1947 and the integrated circuit in 1958. There are several developed techniques that allow semiconducting materials to behave like conducting materials and these modifications have two outcomes, n-type and p-type. These refer to the excess or shortage of electrons, respectively, an unbalanced number of electrons would cause a current to flow through the material. Heterojunctions Heterojunctions occur when two differently doped semiconducting materials are joined together, for example, a configuration could consist of p-doped and n-doped germanium. This results in an exchange of electrons and holes between the differently doped semiconducting materials, the n-doped germanium would have an excess of electrons, and the p-doped germanium would have an excess of holes. The transfer occurs until equilibrium is reached by a process called recombination, a product of this process is charged ions, which result in an electric field. Excited Electrons A difference in electric potential on a material would cause it to leave thermal equilibrium. This introduces electrons and holes to the system, which interact via a process called ambipolar diffusion, whenever thermal equilibrium is disturbed in a semiconducting material, the amount of holes and electrons changes
8.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
9.
Earnings before interest and taxes
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In accounting and finance, earnings before interest and taxes, is a measure of a firms profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses, when a firm does not have non-operating income, then operating income is sometimes used as a synonym for EBIT and operating profit. To calculate EBIT, expenses are subtracted from revenues, net income is later obtained by subtracting interest and taxes from the result
10.
Net income
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
11.
Freescale Semiconductor
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The company employed 17,000 people worldwide. On December 7,2015, NXP Semiconductors completed its merger with Freescale for about $11.8 billion in cash, Freescale shareholders received $6.25 billion in cash and 0.3521 of an NXP share for each Freescale common share. Including the assumption of Freescales debt, the price is about $16.7 billion. In 1955, a Motorola transistor for car radios was the worlds first commercial high-power transistor and it was also Motorolas first mass-produced semiconductor device. In the 1960s, one of the U. S. space programs goals was to land a man on the moon, in 1968, NASA began manned Apollo flights that led to the first lunar landing in July 1969. The Apollo program was significant for hundreds of employees involved in designing, testing and producing its electronics. An up-data link in the Apollos command module received signals from Earth to relay to other on-board systems, a transponder received and transmitted voice and television signals and scientific data. Also that year, Motorolas technologies were used to introduce the first two-way mobile radio with a fully transistorized power supply, the companys first microprocessor was introduced in 1974, and was used in automotive, computing and video game applications. Freescales motion-sensing accelerometer powers the interactivity of the Guitar Hero video games, the number one provider of eReader processors worldwide was Freescale. In 2009, Freescale demonstrated the worlds lowest startup voltage single inductor DC/DC converter for use in solar, in addition, a recent ABI Research market study report states that Freescale owns 60% share of the radio frequency semiconductor device market. Also in 2011, Freescale announced the companys first magnetometer for location tracking in smart mobile devices, with the partnership of McLaren Electronic Systems, they helped the NASCAR Sprint Cup Series vehicles convert from carburetors to fuel injection starting in 2012. On March 8,2014, Freescale announced that 20 of its employees were passengers aboard Malaysia Airlines Flight 370 and that plane, carrying the Freescale employees, was lost, with only small part of it found over a year later. In March 2015, a agreement was announced through which Freescale Semiconductor would be acquired by NXP Semiconductors. The acquisition closed on December 7,2015, on February 26,2013, Freescale Semiconductor announced the creation of the worlds physically smallest ARM-powered chip. The Kinetis KL02 measures 1.9 by 2 millimeters and is a microcontroller unit, meaning the chip sports a processor, RAM, ROM, clock. The chip competes with the Atmel M0+ offerings, which are the leaders in the industry. One application that Freescale says the chips could be used for is swallowable computers, Freescale already works with a variety of health and wellness customers. Both the Fitbit and OmniPod insulin pump use Freescale chips, the new chip was on display at Embedded World in Nuernberg, Germany, from February 26–28,2013
12.
Qualcomm
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Qualcomm is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It derives most of its revenue from chipmaking and the bulk of its profit from patent licensing businesses, the company headquarters are located in San Diego, California, United States, and has 224 worldwide locations. The parent company is Qualcomm Incorporated, which includes the Qualcomm Technology Licensing Division, Jacobs and Viterbi had previously founded Linkabit. In 1990, Qualcomm began the design of the first CDMA-based cellular base station and this work began as a study contract from AirTouch which was facing a shortage of cellular capacity in Los Angeles. Two years later Qualcomm began to manufacture CDMA cell phones, base stations, the initial base stations were not reliable and the technology was licensed wholly to Nortel in return for their work in improving the base station switching. The first CDMA technology was standardized as IS-95, Qualcomm has since helped to establish the CDMA2000, WCDMA and LTE cellular standards. The following year, Qualcomm acquired Eudora, a client for PC that could be used with the OmniTRACS system. The acquisition associated a widely used email client with a company that was little-known at the time, in 1997, Qualcomm paid $18 million for the naming rights to the Jack Murphy Stadium in San Diego, renaming it to Qualcomm Stadium. The naming rights belong to Qualcomm until 2017. In 1999, Qualcomm sold its base station business to Ericsson, the company was now focused on developing and licensing wireless technologies and selling ASICs that implement them. Steve Mollenkopf was promoted to president and chief operating officer of the company, mollenkopfs appointment as CEO was announced on December 13,2013 and took effect on March 4,2014. He succeeded Paul E. Jacobs, who remains executive chairman, CFO Bill Keitel retired and was replaced by Applied Materials CFO George Davis on March 11,2013. Vista Equity Partners took over the Omnitracs business from Qualcomm Incorporated in November 2013, in October 2014, Qualcomm wrapped up a deal for chip maker CSR Plc for a fee of $2.5 billion, beating its biggest rival Microchip Technology. However, surprised by the release of the 64-bit Apple A7 in September 2013, furthermore, Qualcomm was facing anti-trust investigations in China, the European Union, and the United States. The combination of pressures caused a significant fall in Qualcomms profits. In July 2015, the company cut 4,700 jobs or about 15 percent of its 31,300 current workforce due to decline of sales, executive management knew this was coming so they came up with a plan to retain its employees. However, instead of paying reasonable salary, executive management used this plan as a justification to give themselves a big payout first and then lay off employees later. In December 2015, Qualcomm Inc. announced that it had rejected calls to split itself in two, deciding to keep its chipmaking and patent licensing businesses together
13.
Philips
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Koninklijke Philips N. V. is a Dutch technology company headquartered in Amsterdam with primary divisions focused in the areas of electronics, healthcare and lighting. It was founded in Eindhoven in 1891, by Gerard Philips and it is one of the largest electronics companies in the world and employs around 105,000 people across more than 60 countries. Philips is organized into three divisions, Philips Consumer Lifestyle, Philips Healthcare and Philips Lighting. As of 2012, Philips was the largest manufacturer of lighting in the world measured by applicable revenues, Philips said it would seek damages for breach of contract in the US$200-million sale. In April 2016, the International Court of Arbitration ruled in favour of Philips, Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index. It has a listing on the New York Stock Exchange. The Philips Company was founded in 1891, by Gerard Philips and this first factory has been adapted and is used as a museum. In 1895, after a difficult first few years and near bankruptcy, though he had earned a degree in engineering, Anton started work as a sales representative, soon, however, he began to contribute many important business ideas. After Gerard and Anton Philips changed their business by founding the Philips corporation. In the 1920s, the company started to other products. In 1939, they introduced their electric razor, the Philishave, the Chapel is a radio with built-in loudspeaker, which was designed during the early 1930s. On 11 March 1927, Philips went on the air with shortwave radio station PCJJ which was joined in 1929 by sister station PHOHI, PHOHI broadcast in Dutch to the Dutch East Indies while PCJJ broadcast in English, Spanish and German to the rest of the world. The international program on Sundays commenced in 1928, with host Eddie Startz hosting the Happy Station show, broadcasts from the Netherlands were interrupted by the German invasion in May 1940. The Germans commandeered the transmitters in Huizen to use for pro-Nazi broadcasts, some originating from Germany, Philips Radio was absorbed shortly after liberation when its two shortwave stations were nationalised in 1947 and renamed Radio Netherlands Worldwide, the Dutch International Service. Some PCJ programs, such as Happy Station, continued on the new station, by the late 1940s, the Type 10 was ready to be handed over to Philips subsidiary Johan de Witt in Dordrecht to be produced and incorporated into a generator set as originally planned. The result, rated at 180/200 W electrical output from a bore, approximately 150 of these sets were eventually produced. However, they filed a number of patents and amassed a wealth of information. The first Philips shaver was introduced in the 1930s, and was simply called “The Philishave”, in the USA, it was called the “Norelco”, which remains a part of their product line today
14.
Nijmegen
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Nijmegen, historically anglicized as Nimeguen, is a municipality and a city in the Dutch province of Gelderland. It is situated on the Waal river, close to the German border, Nijmegen is the oldest city in the Netherlands, the first to be recognized as such in Roman times, and in 2005 celebrated 2,000 years of existence. The municipality is part of the Stadsregio Arnhem-Nijmegen, an area with 736,107 inhabitants. By 69, when the Batavians, the inhabitants of the Rhine and Maas delta, revolted. This village was destroyed in the revolt, but when it had ended the Romans built another, bigger camp where the Legio X Gemina was stationed, soon after, another village formed around this camp. In 98, Nijmegen was the first of two settlements in what is now the Kingdom of the Netherlands to receive Roman city rights. In 103, the X Gemina was re-stationed to Vindobona, modern day Vienna, in 104 Emperor Trajan renamed the town, which now became known as Ulpia Noviomagus Batavorum, Noviomagus for short. Beginning in the half of the 4th century, Roman power decreased. It also appeared around this time on the Peutinger Map and it has been contended that in the 8th century Emperor Charlemagne maintained his palatium in Nijmegen on at least four occasions. During his brief deposition of 830, the emperor Louis the Pious was sent to Nijmegen by his son Lothar I, thanks to the Waal river, trade flourished. The powerful Henry VI, Holy Roman Emperor was born at Nijmegen in 1165, in 1230 his son Frederick II, Holy Roman Emperor granted Nijmegen city rights. In 1247, the city was ceded to the count of Guelders as collateral for a loan, the loan was never repaid, and Nijmegen has been a part of Gelderland ever since. This did not hamper trade, Nijmegen even became part of the Hanseatic League in 1364, the arts also flourished in this period. Famous medieval painters like the Limbourg brothers were born and educated in Nijmegen, during the Dutch Revolt, trade came to a halt and even though Nijmegen became a part of the Republic of United Provinces in 1585, it remained a border town and had to endure multiple sieges. In 1678 Nijmegen was host to the negotiations between the European powers that aimed to put an end to the constant warfare that had ravaged the continent for years, the result was the Treaty of Nijmegen that, unfortunately, failed to provide for a lasting peace. In the second half of the 19th century, the fortifications around the city became a major problem, there were too many inhabitants inside the walls, but the fortifications could not be demolished because Nijmegen was deemed as being of vital importance to the defence of the Netherlands. When events in the Franco-Prussian war proved that old-fashioned fortifications were no more of use, this policy was changed, the old castle had already been demolished in 1797, so that its bricks could be sold. Through the second half of the 19th century and the first half of the 20th century, the Waal was bridged in 1878 by a rail bridge and in 1936 by a car bridge, which was claimed to be Europes biggest bridge at the time
15.
Private equity
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In finance, private equity is a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange. A private equity investment will generally be made by an equity firm. Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms after the 1980s, common investment strategies in private equity include, leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm and this is distinct from a venture-capital or growth-capital investment, in which the investors invest in young, growing or emerging companies, and rarely obtain majority control. Private equity is often grouped into a broader category called private capital, generally used to describe capital supporting any long-term. The strategies private equity firms may use are as follows, leveraged buyout being the most important, the companies involved in these transactions are typically mature and generate operating cash flows. Leveraged buyouts involve a financial sponsor agreeing to an acquisition without itself committing all the capital required for the acquisition, to do this, the financial sponsor will raise acquisition debt which ultimately looks to the cash flows of the acquisition target to make interest and principal payments. Acquisition debt in an LBO is often non-recourse to the sponsor and has no claim on other investments managed by the financial sponsor. Historically the debt portion of a LBO will range from 60%–90% of the purchase price, between 2000–2005 debt averaged between 59. 4% and 67. 9% of total purchase price for LBOs in the United States. A private equity fund say for example, ABC Capital II, to this it adds $2bn of equity – money from its own partners and from limited partners. With this $11bn it buys all the shares of an underperforming company and it replaces the senior management in XYZ Industrial, and they set out to streamline it. The workforce is reduced, some assets are sold off, etc, the objective is to increase the value of the company for an early sale. The stock market is experiencing a market, and XYZ Industrial is sold two years after the buy-out for $13bn, yielding a profit of $2bn. The original loan can now be paid off with interest of say $0. 5bn, the remaining profit of $1. 5bn is shared among the partners. Taxation of such gains is at capital gains rates, notes, The lenders can insure against default by syndicating the loan to spread the risk, or by buying credit default swaps or selling collateralised debt obligations from/to other institutions. Often the loan/equity is not paid off after sale but left on the books of the company for it to pay off over time and this can be advantageous since the interest is typically offsettable against the profits of the company, thus reducing, or even eliminating, tax. Most buyout deals are much smaller, the average purchase in 2013 was $89m. The target company does not have to be floated on the stockmarket, buy-out operations can go wrong and in such cases the loss is increased by leverage, just as the profit is if all goes well
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Initial public offering
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Through this process, a privately held company transforms into a public company. Initial public offerings are used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors. A company selling shares is never required to repay the capital to its public investors, after the IPO, when shares trade freely in the open market, money passes between public investors. The IPO process is known as going public. Details of the offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter, underwriters provide several services, including help with correctly assessing the value of shares and establishing a public market for shares. Alternative methods such as the dutch auction have also been explored, in terms of size and public participation, the two most notable examples of this method is the Google IPO and Snapchats parent company Snap Inc. China has recently emerged as a major IPO market, with several of the largest IPOs taking place in that country, the earliest form of a company which issued public shares was the case of the publicani during the Roman Republic. Like modern joint-stock companies, the publicani were legal bodies independent of their members whose ownership was divided into shares, there is evidence that these shares were sold to public investors and traded in a type of over-the-counter market in the Forum, near the Temple of Castor and Pollux. The shares fluctuated in value, encouraging the activity of speculators, mere evidence remains of the prices for which partes were sold, the nature of initial public offerings, or a description of stock market behavior. Publicanis lost favor with the fall of the Republic and the rise of the Empire, the first modern IPO occurred in March 1602 when the Dutch East India Company offered shares of the company to the public in order to raise capital. All the shares were tradable, and the shareholders received receipts for the purchase, a share certificate documenting payment and ownership such as we know today was not issued but ownership was instead entered in the companys share register. In the United States, the first IPO was the offering of Bank of North America around 1783. An IPO, therefore, allows a company to tap into a pool of potential investors to provide itself with capital for future growth, repayment of debt. A company selling shares is never required to repay the capital to its public investors. Those investors must endure the unpredictable nature of the market to price. After the IPO, when shares trade freely in the open market, for early private investors who choose to sell shares as part of the IPO process, the IPO represents an opportunity to monetize their investment. This type of offering is not dilutive, since no new shares are being created, once a company is listed, it is able to issue additional common shares in a number of different ways, one of which is the follow-on offering
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NASDAQ-100
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The NASDAQ-100 is a stock market index made up of 107 equity securities issued by 100 of the largest non-financial companies listed on the NASDAQ. It is a modified capitalization-weighted index, the stocks weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It is based on exchange, and it is not an index of U. S. -based companies and it does not have any financial companies, since these were put in a separate index. Both of those criteria differentiate it from the Dow Jones Industrial Average, the NASDAQ-100 began on January 31,1985 by the NASDAQ, trying to promote itself in the shadow of the New York Stock Exchange. By creating these two indices, the NASDAQ hoped that options and futures contracts would be created on them, the first annual adjustments were made in 1993 in advance of options on the index that would trade at the Chicago Board Options Exchange in 1994. Foreign companies were first admitted to the index in January 1998 and those standards were relaxed in 2002, while standards for domestic firms were raised, ensuring that all companies met the same standards. After a gradual 5-year recovery to a high of 2,239. Panic focusing on the failure of the investment banking industry culminated in a loss of more than 10% on September 29,2008, subsequently plunging the index firmly into bear market territory. The NASDAQ-100, with much of the market, experienced a Limit Down open on October 24. At the close of 2015, the index closed at 4593.27, the NASDAQ-100 is often abbreviated as NDX in the derivatives markets. Its corresponding futures contracts are traded on the Chicago Mercantile Exchange, the regular futures are denoted by the Reuters Instrument Code ND, and the smaller E-mini version uses the code NQ. Both are among the most heavily traded futures at the exchange, the PowerShares QQQ exchange-traded fund, sponsored and overseen since March 21,2007 by Invesco through PowerShares, trades under the ticker NASDAQ, QQQ. It is commonly referred to by its ticker or nickname, the ques and it was formerly called NASDAQ-100 Trust Series 1. On December 1,2004, it was moved from the American Stock Exchange where it had the symbol QQQ to the NASDAQ and given the new four letter code QQQQ, on March 23,2011, Nasdaq changed its symbol back to QQQ. As of August 2012, the fund is the third most actively traded exchange-traded product in the world, on July 17,2007, the ETF closed above $50 for the first time since early 2001. Since then, it advanced to surpass its 2007 peak. By October 18,2013, it had passed and closed above $82 to reach its highest price levels since November 6–7,2000 and highest value since September 29,2000 when adjusted for splits and dividends. The NASDAQ has over the years put in place a series of stringent standards that companies must meet before being included in the index and those standards include the following, Being listed exclusively on NASDAQ in either the Global Select or Global Market tiers
US$9.5 billion (2016)
−US$150 million (2016)
