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All season long, Yankee fans have been tearing their hair out watching two former pinstripers, Melky Cabrera and A.J. Burnett, outperforming their Yankee selves by a wide margin. Since the Yankees have a tendency to bring nearly all ex-bombers back for another try (a practice they may have abused in ... More >>
GirardiI'll be honest: I didn't think the Yankees would win the AL East, right up to the day they won it. Yet they did it, and in fact by a wide margin. Before we even consider the problems of the playoffs, we should acknowledge the gutsy job turned in by everyone, particularly manager Joe Girardi, ... More >>
After C.C., who?To sit through the plethora of stories about the Yankees' starting rotation you'd think they had pitching to burn. "Logjam" is the most common word used to describe the starting six, and, incredibly, we're also seeing "embarrassment of riches." It's embarrassing, all right, b ... More >>
Oops.Obviously when you have a rotation that consists of one ace and four jokers - and that's what Phil Hughes, A.J. Burnett, Ivan Nova and whoever the Yankees put in the fifth spot are - you've got to win the game in which your ace pitches. Especially when the ace pitches seven shutout innin ... More >>
No sooner did the World Series end than Alex Rodriguez became the answer to the question "Why did it take the Rangers so long to win the pennant?" On Monday, Tyler Kepner of the New York Times speculated about the possibility of the Yankees obtaining Cliff Lee: "Lee could enjoy the Yankees, ... More >>
No point right now in looking into the Yankees chances of getting Cliff Lee -- though offhand I'd say the odds are about the same as they were for the Knicks in landing LeBron James. There's also not much point wondering what the Yankees need to do to pull themselves together next season. The ... More >>
On Friday, we quoted Daily News writer John Harper's dire scenario for the Yankees: "On second thought, what if it's not such a break for the Yankees that Cliff Lee can't pitch until Game 3? Really, it's only natural to presume that delaying Lee's impact on the series helps the defending ch ... More >>
Everyone is saying that tonight's game, the first of the American League Championship Series, is critical for both the Yankees and Rangers. It appears more critical, though, for the Yankees for two very simple reasons. One, of course, is Cliff Lee. If Lee doesn't start until Game 3, then if ... More >>
Prudence suggests that Bill Madden's pick in today's Daily News - Minnesota twins in five - is a correct one. Madden's reasoning is sound: the Yankees have been a lackluster 29-30 since July 30 and only 9-17 since September 5. "Combined," Madden writers, "with Girardi's erratic managing and t ... More >>
Be afraid, Yankees fans -- be very afraid. Though some are dismissing the Yankees' late-season slide saying, "After all, they're still going to make the playoffs," there's nothing good to be said about their performance over the last 10 games. On September 4, the Yankees were on an eight-g ... More >>
Apparently there were two baseball games between the New York Yankees and Tampa Bay Rays played Sunday afternoon - the one I saw and the one written about by John Harper in the Daily News. In the game I saw, Joe Girardi, with his ace C.C. Sabathia on the hill, had an inexplicable attack of ... More >>
CONGRATULATIONS TO THE NEW YORK YANKEES FOR WINNING THEIR 27th WORLD SERIES CHAMPIONSHIP!!!! I'm still trying to wrap my head around it. Well, I'm finally just getting out of bed, after celebrating the World Series Championship of the New York Yankees up until about 7am. None of us wanted ... More >>
We want to make this clear before tonight's game: We're not second guessing Joe Girardi's decision to pitch A.J. Burnett on three days rest Monday night. We called it before the game. It was foolish and impulsive, based on a hunch and not logic, and it will have an adverse effect on the Yanke ... More >>
I talked to my mom earlier today, and she had this to say about the World Series: "I lost any respect I had for Charlie Manuel after what he did yesterday. He knew he couldn't beat CC with Joe Blanton, so instead of trying to win by the power of their own offense, they compromised CC's comfo ... More >>
Ahh, much better. The Yankees beat the Phillies in a much-needed, if technically not "must-win" Game 2, with A.J. Burnett outdueling old friend Pedro Martinez. The Phillies took an early 1-0 lead in the 2nd with an RBI single from Matt Stairs, but the Yanks answered in the 4th with a solo s ... More >>
"VOTE: ARE THE YANKS IN TROUBLE?" The drama queens at the Post react badly to the Game One loss, and 81 percent of their poll respondents at this writing say yes, they're in trouble. Daily News elder statesman Mike Lupica takes the tip-yer-hat approach: "Lee carried his team the way CC Sabathia has ... More >>
I love Yankee fans. Depressed and devastated over Game 1's loss and being antagonized by pathetic assholes who have nothing in their life beyond taking joy in someone else's misery, I got my rejuvenation from other Yank fans. Who all agreed we're down, but not out. Not by a long shot. How ... More >>
Let's see...in the last 24 hours, I've: Threw a pen at a Red Sox fan because he said, "I'm loving the way this series is going." Told my buddy to go to hell when it came to my attention he bet on the Phillies to win the whole series. Changed the M and N on my coworker's keyboard because ... More >>
First off, we'd like to thank the New York tabloids for getting the Phillies all worked up. In particular, we'd like to thank the New York Post for putting a photo shop image of Shane Victorino in a cheerleader's skirt on yesterday's front page, bearing the caption "Only in the city of Brothe ... More >>
The 2009 ALCS and 2004 ALCS are practically mirror images of each other. Indistinguishable. Talk about carbon copies! I haven't seen this level of uncanny similarity since watching Woody Harrelson and Wesley Snipes in White Men Can't Jump. Yeah, that's about how alike these two series ar ... More >>
The more I think about it, the more I'm relieved the Yankees didn't beat the Angels on Monday. Because being up 3-0 would have undoubtedly cued a barrage of clips from The Unspeakable Year. And if they had won 3, then lost 1? Forget about it, the sports world would have had a veritable field ... More >>
"I'm getting too old for this." "My heart can't handle any more of these tight games." "This is just getting ridiculous." "UNBELIEVABLE." Yep, I'd have to say I agree with all of those. I'm still not exactly sure what the hell happened last night at Yankee Stadium. There wasn't a lot ... More >>
As rivalries go, the Yankees and Angels have been overrated by the media. Since 2002, the first time they met in the playoffs, the teams have played 54 times. The Angels have won 31 of those games, the Yankees 23; the Angels have outscored the Yankees by just 12 runs. Since the Angels have b ... More >>
"The anticipation must be killin you." --Text message, 7:32 pm "46 hours, 41 min til 1st pitch. But who's counting?" --Text message, 9:17pm "I'm trying to get people to start calling me Fung Wah." --I'm not going to dignify this with a timestamp, but it bears mentioning since this is the ty ... More >>
I cannot believe what the hell just happened. My hands are still shaking. My heart may or may not be fighting the good fight against certain cardiac arrest. The Yankees just beat the Twins in 11 innings, off the bat of Mark Teixeira--his first walkoff in pinstripes, the Yankees' 11th posts ... More >>
(Yanks look to go 9-0 against Twins and take 2-0 lead! On 10.09.2009! More number fun! Though I may be playing it a little fast and loose with the word "fun" right now..) It doesn't get any easier from here on out.. Yeah, I don't know who I'm referring to right now--the Yankees' battle wit ... More >>
Several million words have been written in the last few years about why teams win in the playoffs -- or more precisely, why the playoffs are different than the regular season. Most of it can be summed up in a few words: Setting your starting rotation and having a deeper bullpen. Over the la ... More >>
So about 5 hours ago, I lamented that my hands have been shaking all day. And they still are. But for different reasons now. The Yanks are down 2-0 in the bottom of the 3rd, and that was around the time my manic desperation started to manifest itself full throttle. It's a crazy frenzy that ... More >>
So we're back to this again, huh? Tampa Bay just secured a place on my fantasy team of "People to Kill." Or rather, I think this is more in line with what I have in mind. Saturday's game between the Yanks and the Devil Rays (which is what I'm back to calling them for the next day of the sea ... More >>
From the Daily News: Joba Chamberlain will return to his old role today, heading back to the bullpen for the Yankees' regular-season finale against the Rays. I don't know whether I find this aggravating or amusing. I can't over the image of Girardi and Co. saying to themselves, "Hmm, you k ... More >>
Last week the games didn't count. The Yankees called upon the "the linebackers," aka the young farm boys with jersey numbers that are more typically seen on defensive linemen than they are on the baseball diamond. Girardi still filtered in his star players, but it was clear and unsurprisin ... More >>
I can never decide whether I love or hate the west coast games, but I think I'm leaning towards the latter. Six hours in a plane, and then playing Minesweeper Baseball. Nothing makes sense out there, and you gotta pay attention to what you're doing or before you know it, you're getting blown ... More >>
With all the talk of Derek Jeter as the possible MVP winner for 2009, an important question has been overlooked: who is the Yankees MVP? Bill Madden inadvertently weighed in on the issue last Sunday with a piece headlined "Ring In The Old -- Yanks rediscover formula for success: more Jeter, less A ... More >>
If Yankee fans thought the team's post All-Star game run -- 27-10, best in the major leagues -- and overall performance -- .624 W-L, best in the majors -- is too good to be true, they might be right. As every Yankee fan and front office executive knows, none of this matters unless they at least ... More >>
Let's start with the obvious -- or at least what should be obvious: the new Yankee Stadium is not helping the Yankees. While the Yanks lead MLB in home runs at home with 79 and are on track to be one of the greatest home run hitting teams of all time, they're actually hitting better on the roa ... More >>
Can the Yankees get Roy Halladay? Of course they can. Toronto GM J.P. Ricciardi says, "We're not inclined to move him, but we're going to see what's out there." That means: "Yes, we're willing to trade him." Do the Blue Jays want too much for him? Of course they do. No matter what they wa ... More >>
From our Friday Jockbeat on the Yankees-Mets: "The odds seem pretty good that the Yankees can take at least two of three, most likely the first two. Joba Chamberlain ... has been pitching very well of late, only 3-1 for the season but solid in two no-decision starts ... "Saturday the odds ... More >>
It isn't just the economy and the ticket prices that will produce all those empty seats at Yankee Stadium tonight. The Boston Red Sox and Philadelphia Phillies have taken much of the wind out of this season's first Subway Series. As we go to press, you can still go to the Yankees web site and g ... More >>
We try not to indulge our blackhearted Mets-fan schadenfreude too much, especially so early in the season. Nonetheless, from the Boston Globe: Another night, another buffeting of the Bombers. It's just no fun beating these New York Yankees anymore. Too easy. The 7-0 fail at Fenway was the Yankees' ... More >>
For all the funk the Yankees engendered by not making the playoffs last year after 13 straight seasons, it's important to note that Chien-Ming Wang missed 15-19 starts because of that June 15 foot injury against Houston, and that if that hadn't happened, the Yankees likely would have been in the pos ... More >>
For years, the New York Yankees and Boston Red Sox have been locked in a bidding war for baseball's highest priced free agents. And now it appears that the Red Sox have finally blinked.According to the Associated Press and Business Week, Red Sox owner John Henry called -- for the second time -- for ... More >>
The Yankees got Mark Teixeira from the Angels, and all it took was an eight-year $180 million contract with a no-trade clause, beating the Red Sox, who really wanted the heavy-hitting infielder. As Ward Harkavy points out in Press Clips, with this and the Sabathia and A.J. Burnett deals, the Yanks h ... More >>
Steve Phillips Undergoes Transaction Analysis


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Y. Sun, K. Amiri, M. Brogioli and J. R. Cavallaro, "Application-Specific Accelerators for Communications," vol. 2010, no. Part 2, pp. 329-362, 2010.
Y. Sun, J. R. Cavallaro, Y. Zhu and G. Manish, "Configurable and Scalable Turbo Decoder for 4G Wireless Receivers," vol. 2010, pp. 622-643, 2010.
K. Amiri, M. Duarte, J. R. Cavallaro, C. Dick, R. Rao and A. Sabharwal, "FPGA in Wireless Communications Applications," vol. Chapter 5, pp. 75-101, 2012.
Y. Sun, K. Amiri, G. Wang, B. Yin, J. R. Cavallaro and T. Ly, "High-Level Design Tools for Complex DSP Applications," vol. Chapter 8, pp. 133-155, 2012.
M. L. Leuschen, I. D. Walker and J. R. Cavallaro, "Nonlinear Fault Detection for Hydraulic Systems," vol. 1/2003, pp. 169-191, 2003.
M. L. Visinsky, J. R. Cavallaro and I. D. Walker, "Robotic Fault Tolerance: Algorithms and Architectures," pp. 53-73, 1993.

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Comedy Club Database
The Peoples Improv Theater
Open and Shut Queso - Everything's Awful with Morgan Ferretti - August 6,... Watch
Dog Farts - Everything's Awful with Morgan Ferretti - July 24, 2014 Watch
35 Kids & Counting Watch
Tastes Like A Chalupa - Everything's Awful with Morgan Ferretti - July 14,... Watch
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November 25, 2014
Knoxville (WVLT) -- The owner of a popular North Knoxville eatery has been arrested for sales tax evasion and theft.
Kenny Cecil Owen, the owner of Micko's at 5210 Schubert Road, was taken into custody on Thursday by special agents with the Tennessee Department of Revenue.
The arrest came two weeks after a Knox County grand jury handed down a 31-count indictment detailing his crimes.
According to the indictment, Owen is charged with 30 class E felony's for sales tax evasion and one class D felony for theft of over $10,000.
Investigators say he failed to report taxable sales worth nearly $330,000 and collected another $30,000 without paying it to the state.
His bond has been set at $10,000.
Owen faces up to two years in the state penitentiary and a $3,000 for each Class E felony count.
For the Class D felony, he could face up to four years in prison and a $5,000 fine.
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Reviews for Sleep Now in the Fire LyricsPerformed by Rage Against The Machine
By Pages: 1 2 3 Current page No. 3/ 3
Add Your New Review About The Song
Music Revolution | Reviewer: Rageforever | 1/15/08
Rage are awesome they show how the revolution holds effect on the world, and what's wrong with the governments today. Fuck the government!!!
golden | Reviewer: Anonymous | 8/24/07
This is by far the best rage lyrics.. short, to the point.. and so meaningful. its all in this line
: the cost of my desire, to sleep now in the fire. :
speaks volume about what humanity has done to itself.
Add Your New Review About The Song
By Pages: 1 2 3 Current page No. 3/ 3


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A new study has confirmed that unified communications (UC) and collaboration tools have the power to accelerate productivity, bring people together, and increase employee engagement successfully when employees are included in the selection process.
Education IT News For VARs — November 26, 2014
In news this week, Pluralsight has acquired Smarterer, a startup that uses crowd-sourced assessments to evaluate students' understanding of tech tools and skills. In other news, sales of interactive displays fall in Q3, and LinkedIn launches new education features. EdX also joined the ConnectEd initiative to offer free certifications.
CMS Extends Hardship Exemption
The Centers For Medicare & Medicaid Services (CMS) have decided to add "extreme and uncontrollable circumstances" to its list of Meaningful Use hardship exemptions.
Find New Upsell Opportunities In Access Control
As the Internet of Things progresses, physical security services providers have a whole new set of solutions and services to solve their retail customers' security challenges.
Network Assessment Lands Client, Leads To Add-On Sales
When an office furniture company began questioning its current MSP's service, TechGuides was able to step in and take over.
Mobile POS: Hype Versus Opportunity
Retailers continue to struggle with mobile device deployment, despite surging mobile POS (point of sale) shipments. This dichotomy presents big opportunities for the channel.
- Social Marketing Tool, POS Solution Increase Reseller's Business 40%
- Serving Up Hospitality POS At The Grand Canyon
- Are You The Retail IT VAR Of The Future?
Sub-$1300 All-In-One POS Terminals Product Review - Table Of Contents
A VAR evaluates 7 sub-$1,300 all-in-one POS terminals and shares the pros and cons of each.
- Retail Tablet POS Comparison
- RMM For Healthcare Product Comparison
- Restaurant / Hospitality Tablet POS Comparison
4 Ways To Optimize Data Protection In Virtual Environments
When it comes to virtual machines (VMs), it's no secret that a more robust backup and disaster recovery (BDR) approach is required — compared to what you might deploy in a traditional physical server environment. From data protection policies that are based on VM replication, to increased levels of performance to support database-driven business applications and higher I/O workloads, there's a lot to keep in mind.
Top 6 Features Of Secure Cash Storage
Secure cash storage is a critical part of managing a retail or hospitality establishment, but it is often overlooked. Shop owners and managers smartly focus their energy on building sales, but if they are losing money to theft, their efforts are wasted.
What Banks Can Learn From Recent Data Breaches
It's good to learn from your own mistakes, but it's better to learn from someone else's. In the case of banks — and those in charge of their IT security — it's much better to learn from the mistakes of JPMorgan and other recent high-profile victims, as opposed to making similar mistakes yourself.
Don't Throw The Data Out With The Bathwater: Why BYOD, MDM Security Policies Need A Revamp
According to IDC there will be some 1.3 billion mobile workers by 2015 and as many as 328 million employee-owned smartphones on the job by 2017. Enterprise IT needs to seriously consider its bring your own device (BYOD) and mobile device management (MDM) policies to ensure that they can protect corporate data while also supporting their employees' need to work when and where they want in the age of the mobile worker.
The Essential Guide To Selling Managed Endpoint Protection
An MSP's handbook for building recurring revenue through managed endpoint protection.
Stop Training Your Sales Team!
The headline of this article may sound like blasphemy from a sales trainer who has more than 38 years of experience training salespeople, but it is a heartfelt suggestion. When many CEOs and business owners see revenue problems, they default to a statement like, "Let's get some sales training going." Whereas, in reality, I believe the same CEO will realize a far greater improvement when he/she trains their company to sell.
3 Tips To Help Your Clients Take The Sting Out Of Microsoft Licensing
With the release of SQL Server 2012, Microsoft transitioned from a per-processor to a pre-core licensing model. One might suppose, that with the advent of ever-larger core-count processors, Microsoft saw an opportunity and took action. While this change may not have hit your clients' radar screen yet, it will in a few months, and when it hits — it will hurt.
MSPs, Don't Risk Missing Opportunities: 4 Factors Driving Cloud Security
To all MSPs out there that are accustomed to managing on-premise security solutions, it's time to take note — your business is moving to the cloud, whether you like it or not. According to a Gartner report released last year, by 2016 the use of cloud computing will increase to become the bulk of new IT spend. In fact, Gartner refers to 2016 as a "defining year for the cloud." Infonetics Research backs that claim, stating cloud-based security service revenue will expand at a 10.8 percent compound annual growth rate through 2017, and projects the market to reach $9.2 billion. With this rapid cloud adoption comes the need for cloud security functions. Gartner states that the top three cloud services moving forward will be email security, Web security, and identity and access management (IAM).
Partner Program
POS & Payment Processing Guide
Best Channel
|Vendors share how their partner
programs can help VARs, MSPs,
and ISVs grow their businesses.
|What you'll find in this guide is an assortment of advice from leaders in the industry to help motivate you and, hopefully, stimulate action.
|Thousands of VARs, MSPs, and ISVs rate their vendor partners on 7 key criteria. Which vendors rated the best?
A VAR & MSP's Guide To Health IT Trends
A VAR & ISV's Guide To EMV
Business Solutions Executive Insight 2013
|See how you can expand your business by taking advantage of the rapidly changing healthcare IT industry.
|If you feel like EMV is currently a point of frustration with the distant hope of turning into something lucrative, you're not alone.
|Channel leaders discuss trends you can take advantage of to help grow your business.
RSPA stands for Retail Solutions Providers Association. We are the only association dedicated to the retail technology industry.
ConnectWise is the leading business management solution designed exclusively for technology organizations, such as IT solution providers, MSPs, software companies, hardware/software resellers, and System Integrators.
CharTec is the SMB channel's leading provider of recurring revenue based training for sales, operations, leadership, and marketing. Its 20,000 square foot MSP and IT training facility is the largest in North America and is integrated into a thriving multi-million dollar MSP.
Dell Software Inc.
Dell provides end-to-end solutions leveraging our combined breadth and depth of software and system competencies. We enable partners to differentiate their offerings and drive recurring revenue generating IT as a Service (ITaaS). These offerings will accelerate customer onboarding, ensure cost-effective scalability and heterogeneous manageability across a broad range of ITaaS workloads for Enterprise and SMB customers.
BlueStar, Inc.
We at BlueStar, along with our mobility vendors and ISV partners, believe that offering the right tools, solutions, and education we can build a strong foundation for our partners selling and implementing mobility solutions.
Harbortouch is a leading national provider of touch-screen point of sale (POS) systems and payment processing services. As pioneers of the "as a service" model, Harbortouch offers an unprecedented "free" POS program that allows the company's sales partners to offer a full-featured POS system with no up-front costs.
- "Working Hard Or Hardly Networked" Examines Why Most UC And Collaboration Tools Fail
- Government IT News For VARs — November 26, 2014
- Government IT News For VARs – November 24, 2014
- Education IT News For VARs — November 26, 2014
- CMS Extends Hardship Exemption
- ONC Pushes For Health IT Innovation With Startup "Challenge"
- 11.25.14 -- Looking Ahead To 2015: 3 IT Operations Predictions For MSPs
- 11.24.14 -- 5 Things Every IT Provider Needs To Know About Cybersecurity
- 11.20.14 -- Never Enough Time? 5 Key Professional Processes To Automate
- 11.19.14 -- The EMV Readiness Funnel
- 11.18.14 -- Warning: Your SMB Customers Are Cyberattack Targets
Zebra Mobile QLn Series Label Printer
Zebra's popular QL™ family of direct thermal mobile label printers has built a highly satisfied following based upon its proven dropresistant durability; user-friendly, productivity-boosting features; and easy integration.
HP MX10 Retail POS Solution
Slip the HP ElitePad Mobile POS Solution into the HP Retail Expansion Dock for a fully integrated solution.
HP RP7 Retail System
Reliability your customers can count on. A fanless point of sale system that delivers reliability and speed of service for your most demanding settings.
SATO Thermal Transfer Ribbons
SATO offers competitively priced ribbons for most thermal printers. Our genuine SATO branded ribbons are designed to maximize the life of your print heads and consistently provide great print quality.
Welcome to BSMinfo, the online presence of Business Solutions magazine. If you are a value-added reseller (VAR), systems integrator, managed services provider (MSP), or independent software vendor (ISV), this is the site for you! Whether here online or in each month's issue of the magazine, we strive to deliver actionable information you can use to add complementary technologies to your portfolio and penetrate thriving vertical markets.
Technologies and topics typically covered include data collection/supply chain, point of sale (POS), payment processing, video surveillance and access control, voice over IP (VoIP), networking, storage, managed services, network security, the cloud, mobile computing, and enterprise content management (ECM). From a market perspective, our articles focus on government, retail, hospitality, healthcare, manufacturing, transportation and logistics, education, legal, banking, and anywhere else solutions providers can find new revenue streams.
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You can never go wrong with the Family Guy Star Wars specials. They are incredibly clever and you will never watch Star Wars the same way ever again!Published 3 months ago by Christina
Don't know why the negative reviews. I thought it was funny like all Family Guy shows.Published 3 months ago by shiffir
The DVD was better than what I expected - in fact it was perfect - will do buisness again with this outfit - all of my purchases have been better than expected - you can have e... Read morePublished 5 months ago by Frank Cozzie
|From this Discussion
|why 5$ more
BLuray's are always more expensive...
Oct 20, 2010 by J3121 | See all 6 posts
|Anyone missing their digital copy activation code?
Yes, I'm missing the code to the Losers.
Feb 5, 2011 by Monica Broddie | See all 3 posts
|Anyone having an issue with chapter menu popping up on screen?
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text: AfriGeneas Health and Wellness Forum 2014-09-04T12:00:51+01:00 John Doe http://www.afrigeneas.com/forum-health/index.cgi Re Shave, Haircut, Blood Pressure Test http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/85 2014-09-04T12:00:51+01:00 I just got through listening to the man who started this in Harlem on MSNBC 's Tamron Hall's show. What an excellent idea. Shave, Haircut, Blood Pressure Test http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/84 2014-09-04T04:22:33+01:00 A Shave, a Haircut, and a Blood Pressure Test Source: The Atlantic Vitamin D and Sleepiness http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/83 2012-12-14T19:27:16+01:00 Vitamin D Plays Unexpected Role in Sleepiness in African Americans The Gist Sleepiness affects us all at times, but scientists are now showing that there is a direct relationship with vitamin D—and for African Americans, higher vitamin D is correlated with more sleepiness, which is the opposite ... Re: Robin Roberts Needs Prayers http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/82 2012-09-22T20:28:33+01:00 NEW YORK - ABC's "Good Morning America" co-host Robin Roberts is already wishing to leave the hospital following her bone marrow transplant. Re Robin Roberts Needs Prayers http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/81 2012-09-22T14:36:10+01:00 Vicky and All, what is the current happening? Some news indicates that all is going well for Robin. Re Robin Roberts Needs Prayers http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/80 2012-06-13T14:00:12+01:00 My prayer is that Robin will have a successful transplant and a speedy recovery. I pray also that the hands that will administer the surgery are guided by one more powerful than any of us. I also pray that her sister will also have a speedy recovery as she gives her sister a wonderful love filled ... Robin Roberts Needs Prayers http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/79 2012-06-13T08:12:05+01:00 Post your prayers and we will send to Robin and her sister. Re Lack of Sleep - What it Does to Us http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/78 2012-05-25T07:55:01+01:00 Thanx for sharing this critical information, Regina. Particularly good for those doing genealogy who consistently push the sleep envelope. Lack of Sleep - What it Does to Us http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/77 2012-01-19T10:50:26+01:00 What happens when you don't sleep enough, skip breakfast, don't exercise, or hold grudges? Find out how these behaviors are harming your health. What happens when I only sleep five hours? The inside story: No one knows for sure why sleep is necessary, but there's no doubt that getting ... Re: Using Genealogy Records - More Than Names/Date http://www.afrigeneas.com/forum-health/index.cgi/md/read/id/76 2011-12-29T11:44:07+01:00


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- Studio: Lorber Films
- Release Date: Aug 20, 2010
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Generally favorable reviews- based on 4 Ratings
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Mixed: 0 out of 4
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Apr 8, 2011A rather slow, somber, almost documentary style movie that copies most French resistance movies in it's sincerity and squareness. What is missing here is the story outside the story: namely the fact that most post 1943 Parisian anti nazi terrorist/patriotic attacks came from foreigners, and that they were rounded up by the French for the Nazis. It's done in a biographical way and we are introduced to the main members over time, but we don't get into understanding much of the characters, or learn much about their different ethnic backgrounds, and in the end we see nothing of the show trial and the involvement of the French collaborators in the propaganda. As it is a French film the director doesn't feel the need to educate the uninitiated, and I suspect he leaves many young French in the dark as well.… Expand
This true story does a great service by honoring the memory of 22 brave men and women and by dramatizing the internal debates within the French population. But in staying true to life, it sacrifices some of the pacing and clarity of a conventional thriller.
Compelling performances and beautifully told heroics but the pacing is flawed in terms of a thrilling cinematic experience.
Was it all for naught? Only weeks after the 23 partisans were arrested (and all but two promptly executed), Paris was liberated. Army of Crime is a passionate act of remembrance.


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Review The Song (6)
God save the queen
It's a fascist regime
They made you a moron
A potential H-bomb
God save the queen
She ain't no human being
There is no future
In England's dreaming
Don't be told what you want
Don't be told what you need
There's no future, no future,
No future for you
God save the queen
We mean it man
We love our queen
God saves…
God save the queen
'Cause tourists are money
And our figurehead
Is not what she seems
Oh God save history
God save your mad parade
Oh Lord God have mercy
All crimes are paid
When there's no future
How can there be sin
We're the flowers in the dustbin
We're the poison in your human machine
We're the future, your future
God save the queen
We mean it man
We love our queen
God saves…
God save the queen
We mean it man
And there is no future
In England's dreaming
No future, no future,
No future for you
No future, no future,
No future for me
No future, no future,
No future for you
No future, no future
for you
Click here to submit the Corrections of God Save The Queen Lyrics
Please Click Here to Print God Save The Queen Lyrics
Thanks to Mikael Byström for submitting God Save The Queen Lyrics.
SEXXY SEX PISTOLS | Reviewer: Anonymous | 8/24/2008
the fact of the matter is taht the Sex pistols weren't once of those bands that were like..Yeah wats that??.Skatboarding is popular..lets write a song about that..They wrote songs from the heeart they stuck it to the man and thats true rock..Let the legend of sid and johnny live on..:D
One of the Great Rock Songs of All Time | Reviewer: Mickey Dean | 11/30/2007
The great Rock N Roll swindle was the press convincing as many people as possible that the Sex Pistols were an untalented publicity stunt whereas now many people who have actually listened to their album are finding out they were amazing.
John Lydon was recently asked in a magazine interview what would be the legacy of the Sex Pistols; without hesitation he said: "Our Album". When
it's as good as Never Mind The Bollocks one is all you need.
Jonny Rotten | Reviewer: Anonymous | 11/19/2007
"you don't right a song like god save the queen cause you hate the english race you right it because you love 'em and you're fed up with them being mistreated" - Jonny Rotten
Punk | Reviewer: blackmanok | 10/25/2007
the sex pistols really was the embodiment of what punk was all about
i love this band! and this song!
Pure Anarchy! | Reviewer: Chris | 5/14/2007
This song highlights the whole era. It pushes the barriers, and sums up life at the time. One of the greatest bands of all time.
And I wasnt even born at the time.
God save History! | Reviewer: watch me bollock! | 3/8/2007
Arguably punk's finest moment.
Don't be told what you want and don't be told what you need, do your own thing cause, as it seems right now, there is NO future for you.
The essential message of punk, isn't it??
The following area is only for review, if you want to submit the lyrics or the corrections of the lyrics, please click the link at the end of God Save The Queen Lyrics.


text:
Princess Cruises is one of the world's leading cruise lines, offering American standards of service with large ship comforts, flexible dining arrangements and tasteful décor.
FREE balcony upgrade, 200 minutes of free Wi-Fi per couple and free car parking or up to $200 per couple onboard credit on selected 2015 itineraries! Ends 30 Nov 2014. TCs apply
23 May 2015
7 nights
From Southampton (UK) and back visiting Brugge (Zeebrugge, Belgium), Copenhagen (Denmark), Helsingborg (Sweden) and Oslo (Norway)
View this route in
Google Maps
30 May 2015
13 nights
From Southampton (UK) and back visiting Barcelona (Spain), Ajaccio (Corsica), Rome (Civitavecchia, Italy), Livorno (Pisa/Florence, Italy), Marseille (France) and Gibraltar
11 Jul 2015
7 nights
From Southampton (UK) and back visiting Stavanger (Norway), Skjolden (Norway), Olden (Norway) and Bergen (Norway)
29 Aug 2015
7 nights
These offer prices are subject to availability, are capacity controlled and can be modified or withdrawn at any time and without notice by the cruise line.


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DaVita Ralph Mcgill Dialysis418 Decatur St Se
Phone: 1-800-424-6589
[Reference #: 1856]
Fax: (404) 525-3502
Modalities offered:
© 2004-2014 DaVita HealthCare Partners Inc. All rights reserved. Terms of Use | Privacy of medical information | Web Privacy Policy | Safe Harbor Privacy | FAQs | Site map
This site is for informational purposes only and is not intended to be a substitute for medical advice from a physician.
Please check with a physician if you need a diagnosis and/or for treatments as well as information regarding your specific condition. If you are experiencing urgent medical conditions, call 9-1-1


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Who Should Play Merle Haggard And Why Is There No Movie About Him?
'Walk The Line' is a FANTASTIC movie! The story of Johnny Cash was so well told.
But what about Merle Haggard???
Now THAT'S a movie they NEED to make!
'Walk The Line' is a FANTASTIC movie! The story of Johnny Cash was so well told.
But what about Merle Haggard???
Now THAT'S a movie they NEED to make!
During Tuesday's (March 26) Blind Auditions for Season 4 of 'The Voice,' quirky and undeniably talented duo Midas Whale offered up their accordion and acoustic guitar-laden rendition of Johnny Cash's iconic track 'Folsom Prison Blues.' It was unforgettable and left an impression on all four of the show's famous coaches.
Johnny Cash is going postal! The United States Postal Service has announced that the Man in Black will be a part of this year's Music Icons stamp series.
Apparently not everyone is well-versed in Johnny Cash's iconic country music repertoire, a sad truth made obvious by a contestant on Thursday night's (Jan. 10) episode of 'Wheel of Fortune.'
It may take superb guitar skills to become a country music superstar, but it's harmonious hand fart skills that will get you recognized as a YouTube sensation. Case in point: This odd, but mesmerizing take on Johnny Cash's iconic hit, 'I Walk the Line.'
During his nearly 50 years in country music, Johnny Cash proved to be one of the most prolific recording artists of his time. He brought equipment everywhere -- often to prisons -- to capture unique sounds and tensions on tape. Those rarities and long since forgotten live albums are just part of what's included in the new 'The Complete Columbia Album Collection' box set.


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Select () or exclude () categories to narrow your recipe search.
As you select categories, the number of matching recipes will update.
Find exactly what you're looking for with the web's most powerful recipe filtering tool.
Prep Time:
Cook Time:
30 mins
15 mins
This is a great with pintos, and greens, like collards or chard. Wonderful comfort food. One of our favorite vegan dishes.
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Christmas 2013
NJ1015 2013 Christmas Choir On – Air Playback Schedule
Pope's Christmas Wish: Hope for a Better World
The 16th Annual Christmas Eve Spectacular with Big Joe Henry Starts Now
NJ1015 Christmas Display Contest Winner Revealed [PHOTOS]
Norad Santa Tracker Live 2013 – Follow Santa's Path
Looking to track Santa's exact whereabouts for Christmas? Then follow along with the Norad Santa Tracker while listening to the 16th Annual Big Joe Christmas Eve Spectacular.
NJ Cracks Down on Drunk Drivers During the Holidays [AUDIO]
Top 10 Funniest Christmas Movies
Political Correctness Can Drive You Nuts During the Christmas Season
Tired of those politically correct co-workers in your office that have to ruin everything around the holidays? Do you have a co-worker that gets insulted when you (heaven forbid) say the words "Merry Christmas?" Well here's a funny antidote that Jim found to combat all those nit-picky employees that complain about everything


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Filter by:
Content type:
Stage 1&2
Stage 2&3
Stage 3&4
Stage 4&5
Challenge level:
Is it possible to rearrange the numbers 1,2......12 around a clock
face in such a way that every two numbers in adjacent positions
differ by any of 3, 4 or 5 hours?
A package contains a set of resources designed to develop pupils'
mathematical thinking. This package places a particular emphasis on
"visualising" and is designed to meet the needs. . . .
Can you mark 4 points on a flat surface so that there are only two
different distances between them?
On the graph there are 28 marked points. These points all mark the
vertices (corners) of eight hidden squares. Can you find the eight
hidden squares?
In the game of Noughts and Crosses there are 8 distinct winning
lines. How many distinct winning lines are there in a game played
on a 3 by 3 by 3 board, with 27 cells?
A huge wheel is rolling past your window. What do you see?
Imagine starting with one yellow cube and covering it all over with
a single layer of red cubes, and then covering that cube with a
layer of blue cubes. How many red and blue cubes would you need?
An irregular tetrahedron is composed of four different triangles.
Can such a tetrahedron be constructed where the side lengths are 4,
5, 6, 7, 8 and 9 units of length?
Is it true that any convex hexagon will tessellate if it has a pair
of opposite sides that are equal, and three adjacent angles that
add up to 360 degrees?
A useful visualising exercise which offers opportunities for
discussion and generalising, and which could be used for thinking
about the formulae needed for generating the results on a
Choose any two numbers. Call them a and b. Work out the arithmetic mean and the geometric mean. Which is bigger? Repeat for other pairs of numbers. What do you notice?
Here are four tiles. They can be arranged in a 2 by 2 square so that this large square has a green edge. If the tiles are moved around, we can make a 2 by 2 square with a blue edge... Now try to. . . .
Use the animation to help you work out how many lines are needed to draw mystic roses of different sizes.
If you can copy a network without lifting your pen off the paper and without drawing any line twice, then it is traversable.
Decide which of these diagrams are traversable.
ABC is an equilateral triangle and P is a point in the interior of
the triangle. We know that AP = 3cm and BP = 4cm. Prove that CP
must be less than 10 cm.
Square numbers can be represented as the sum of consecutive odd
numbers. What is the sum of 1 + 3 + ..... + 149 + 151 + 153?
Some students have been working out the number of strands needed for different sizes of cable. Can you make sense of their solutions?
Show that among the interior angles of a convex polygon there
cannot be more than three acute angles.
Imagine a large cube made from small red cubes being dropped into a
pot of yellow paint. How many of the small cubes will have yellow
paint on their faces?
What would be the smallest number of moves needed to move a Knight
from a chess set from one corner to the opposite corner of a 99 by
99 square board?
How many moves does it take to swap over some red and blue frogs? Do you have a method?
How could Penny, Tom and Matthew work out how many chocolates there
are in different sized boxes?
Starting with four different triangles, imagine you have an
unlimited number of each type. How many different tetrahedra can
you make? Convince us you have found them all.
A 2 by 3 rectangle contains 8 squares and a 3 by 4 rectangle
contains 20 squares. What size rectangle(s) contain(s) exactly 100
squares? Can you find them all?
Triangle numbers can be represented by a triangular array of squares. What do you notice about the sum of identical triangle numbers?
In a right angled triangular field, three animals are tethered to posts at the midpoint of each side. Each rope is just long enough to allow the animal to reach two adjacent vertices. Only one animal. . . .
The diagram shows a very heavy kitchen cabinet. It cannot be lifted but it can be pivoted around a corner. The task is to move it, without sliding, in a series of turns about the corners so that it. . . .
Draw a pentagon with all the diagonals. This is called a pentagram.
How many diagonals are there? How many diagonals are there in a
hexagram, heptagram, ... Does any pattern occur when looking at. . . .
Can you maximise the area available to a grazing goat?
The triangle ABC is equilateral. The arc AB has centre C, the arc
BC has centre A and the arc CA has centre B. Explain how and why
this shape can roll along between two parallel tracks.
Can you cross each of the seven bridges that join the north and south of the river to the two islands, once and once only, without retracing your steps?
The image in this problem is part of a piece of equipment found in the playground of a school. How would you describe it to someone over the phone?
Blue Flibbins are so jealous of their red partners that they will
not leave them on their own with any other bue Flibbin. What is the
quickest way of getting the five pairs of Flibbins safely to. . . .
A half-cube is cut into two pieces by a plane through the long diagonal and at right angles to it. Can you draw a net of these pieces? Are they identical?
The triangle OMN has vertices on the axes with whole number co-ordinates. How many points with whole number coordinates are there on the hypotenuse MN?
The whole set of tiles is used to make a square. This has a green and blue border. There are no green or blue tiles anywhere in the square except on this border. How many tiles are there in the set?
Mathematics is the study of patterns. Studying pattern is an
opportunity to observe, hypothesise, experiment, discover and
In how many ways can you fit all three pieces together to make
shapes with line symmetry?
Imagine an infinitely large sheet of square dotty paper on which you can draw triangles of any size you wish (providing each vertex is on a dot). What areas is it/is it not possible to draw?
Seven small rectangular pictures have one inch wide frames. The
frames are removed and the pictures are fitted together like a
jigsaw to make a rectangle of length 12 inches. Find the dimensions
of. . . .
ABCDEFGH is a 3 by 3 by 3 cube. Point P is 1/3 along AB (that is AP
: PB = 1 : 2), point Q is 1/3 along GH and point R is 1/3 along ED.
What is the area of the triangle PQR?
ABCD is a regular tetrahedron and the points P, Q, R and S are the midpoints of the edges AB, BD, CD and CA. Prove that PQRS is a square.
You have 27 small cubes, 3 each of nine colours. Use the small cubes to make a 3 by 3 by 3 cube so that each face of the bigger cube contains one of every colour.
How many different symmetrical shapes can you make by shading triangles or squares?
Four rods, two of length a and two of length b, are linked to form
a kite. The linkage is moveable so that the angles change. What is
the maximum area of the kite?
A game for 2 players
What size square corners should be cut from a square piece of paper to make a box with the largest possible volume?
Jo made a cube from some smaller cubes, painted some of the faces
of the large cube, and then took it apart again. 45 small cubes had
no paint on them at all. How many small cubes did Jo use?
Bilbo goes on an adventure, before arriving back home. Using the
information given about his journey, can you work out where Bilbo
A tilted square is a square with no horizontal sides. Can you
devise a general instruction for the construction of a square when
you are given just one of its sides?


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Of course, there are those who disagree. These people are, in a word, lunatics. "Cultists" also fits. Or "freaks." "Cretins." "Wingnuts."
A harsh assessment, to be sure, but hey, it's the truth. The stout defenders of the decision to go to war in the first place like to get all upset about the "9/11 was an inside job" crowd, but they're just as far out there, every bit as obnoxious, and have a far louder public megaphone. They're goofy and smarmy like Scientologists, only without Tom Cruise's undeniably excellent hair.
Stephen Hayes, for instance, still thinks there were too WMDS and Saddam & Osama were, like, totally fucking!11!ONE11! Rob Farley's response to Hayes is the correct one, though I'd add that it's pretty funny that Greater Wingnuttia is getting all hepped up about a report that was clearly meant to make the best case for Iraq's Ties to Teh Islamisistic Bin Laden Terr'ists as could possibly be made… only to have the government deliberately sit on the report because the evidence for such a proposition was thinner than Nicole Ritchie right after Ramadan. If this report said what Hayes pretends it does, there would have been a fucking speech from the Oval Office, not just a shriek from the rubber rooms at the Weekly Standard. Duh. Paranoid, ignorant gits.
But Hayes is not the only kook out there. Here's an entertaining giggle from one of the daintier flowers in the Red State chuckle-patch, referring specifically to Hayes' bleatings:
what we do know about the report suggests that those who are so certain the original justification for the war was so fatally flawed that it has rendered the entire enterprise invalid might want to reconsider their position in the light of what we know now as opposed to what we knew in 2003. Based on that knowledge, they might want to give some thought to an alternate history of the last five years–a history in which we did not invade Iraq. Would we now be consumed with Obama's pastor and Spitzer's hooker, or would our attention be on more serious threats to our national security?
Fortunately for all of us, that's a question we don't have to answer.
Never mind all the dead people! The two trillion dollars down the shitter!
Elvis has Saddam's WMD's in Bigfoot's UFO, and they're about to parachute them down on Bin Laden's backyard barbecue on his pool deck. Quick, let's invade Paraguay.


text:
Food retailers are more frequently rationalizing SKUs, enhancing perimeter departments and experimenting with aisle layouts and cross-department merchandising to boost sales of center store products, report retailers polled for SN's 11th annual Survey of Center Store Performance, conducted online May 1-19. New product innovation was the revitalization strategy most frequently cited by retailers (70.9%), followed by merchandising shelf-stable products with complementary fresh foods in ...
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A method and apparatus for processing forms and organizing data taken from the forms, including optical scanning of a sheet and obtaining image data from selected portions of the sheet, and formatting of the selected image data and storing and displaying the formatted image data for subsequent use.
1. A method of processing to obtain data from forms and to organize such data, said forms having data in predetermined fields comprising the following steps:
storing in memory form file data corresponding to a predetermined form, which form data specifies the locations of said predetermined fields within said form;
generating process commands corresponding to each of said specified fields;
scanning an executed one of said predetermined forms to obtain scan data representing information on said form and storing said scan data in memory;
registering each of said specified fields so as to accurately locate the data from such fields in memory;
processing by carrying out in said computer selected ones of said process commands on the respective specified field data to produce processed field data, wherein said processing step comprises generating a data entry sheet which presents a representation of each of said scanned specified fields arranged in a predetermined format on a sheet; and
storing said processed field data in at least one storage media.
2. The method as described in claim 1, comprising first designing said form, said designing comprising said file data storing step.
3. The method as described in claim 1, wherein said process command generating step comprises generating copy commands for moving said predetermined field data to predetermined storage media means for storing said data.
4. The method as described in claim 1, wherein said generating step comprises converting said predetermined field data by optical mark recognition.
5. The method as described in claim 1, wherein said generating step comprises rotating said predetermined field data so as to orient said data for proper display.
6. The method as described in claim 1, wherein said generating step comprises recognizing said predetermined field data which is recorded on said form in binary code.
7. The method as described in claim 1, wherein said scanned form comprises a predetermined number of registration marks, and wherein said registering step comprises recognizing registration data representing said registration marks and using said registration data to carry out a transformation of the scanned data of said form, whereby said scanned data is transformed to a form reference so as to enable identification of said predetermined fields within the reference of said form.
8. The method as described in claim 1, wherein said processing step comprises generating a data entry sheet which presents a representation of each of said scanned specified fields arranged in a predetermined format on a sheet.
9. The method as described in claim 1, comprising decoding in a computer predetermined data from selected ones of said specified fields.
10. The method as described in claim 9, comprising inputting data from said data entry sheet to a computer, and processing said inputted data in said computer and producing a report therefrom.
11. The method as described in claim 1, comprising compressing said selected field data, and moving said compressed data to predetermined storage media.
12. A method of processing to obtain data from forms and to organize such data, comprising the following steps:
storing in memory form file data corresponding to a predetermined form, which form data specifies the locations of said predetermined fields within said form;
generating process commands corresponding to each of said specified fields;
scanning an executed one of said predetermined forms to obtain scan data representing information on said form and storing said scan data in memory, said executed form comprising a predetermined number of registration marks comprising a plurality of ink means located at respective corners of said form;
registering each of said specified fields so as to accurately locate the data from such fields in memory;
processing by carrying out in said computer selected ones of said process commands on the respective specified field data to produce processed field data; and
storing said processed field data in at least one storage media.
13. The method as described in claim 1, further comprising generating an image output representing the image of each of said predetermined fields, said images being arranged in a predetermined format.
The present invention relates to an image processing system for processing printed forms containing information recorded thereon by a person, and more particularly to an improved image processing system for scanning forms and processing data from predetermined fields of each forms.
In conventional form scanning, the form which contains marked information, e.g., areas that have been filled in or left blanked, or checked, etc., is fed into a scanning device which generates digital data representative of a video image of the form. The derived electronic information, in the form of digital bits of data, is transferred to a computer or other suitable processing means, where the data corresponding to the predetermined fields is processed to derive the information content the user has marked down in those fields. The form is presumed to be properly positioned in the scanner so that the locations of areas or fields, where marks are to be located, are known to the computer. Thus, the computer is informed in advance of the coordinates of predetermined fields of data on a form, and applies that information directly to the video image data to locate those predetermined fields where information is to be found.
Such prior art systems are limited in their accuracy due to the operating premise that the document is properly oriented in the scanner. This premise poses no problem where the applicable tolerances are fairly large, such that a fair degree of skew or misalignment of the scanned form can be accommodated. However, the greater the amount of data on the form, the greater the required precision of identifying the predetermined fields that contain that data, and the less reliable are the systems which make no allowance for imprecise positioning of the form with respect to the scanner.
Other problems exist regarding applications where extremely large numbers of forms must be scanned and processed, and where time and operating expense are very significant. For example, where a multi-page form contains data that is distributed throughout, some of which cannot be automatically processed, there is a great need to reduce the operator time required to find the data and manually enter it into the system. Frequently multi-page forms are designed from the viewpoint of being clear to the persons who will fill them in, and not from the viewpoint of optimizing retrieval of the data. Thus, considerable delay may be caused by the time it takes an operator to locate the desired fields of information, so as to be able to identify the data, encode it, and enter it properly into storage. To the extent that such data can be identified automatically and represented to the operator in a more organized format, operator time can be reduced significantly. Further, such organization of data is helpful in achieving the ultimate objective of complete automated processing of all data derived from the form, which would eliminate any need for operator entry of data prior to processing.
Another need that has arisen in data gathering applications involving scanners is to record images of selected written answers, e.g., printed on sheets or stored on optical discs, or both. Since storage is expensive, whatever the storage medium, there is a need to select and format certain images for display and storage, while avoiding the requirement of storing the entire form.
There is thus a significant need in the art for a system and a method for processing scanned form data so as to identify predetermined fields of data, generating image data corresponding to just such specified fields of data for processing, and providing improved formatting of such specified data for storage and/or processing.
FIG. 1A is a block diagram of a first portion of the hardware of a preferred embodiment of the invention.
FIG. 1B is a block diagram of a second portion of a preferred embodiment of the invention which illustrates additional computer processing.
FIG. 2 is a flow diagram illustrating the method of a preferred embodiment of this invention of scanning forms and reducing output documentation, and storing specified scanned data.
FIG. 3 is flow diagram of a specific portion of the method illustrated in FIG. 2.
FIG. 4 is an illustration of a document containing formatted images of specified fields from a plurality of scanned form pages.
FIG. 5A is an illustration of a portion of a listing of data defining image fields on a form, as utilized in this invention.
FIG. 5B is an illustration of a listing defining registration blocks as used in the practice of the process of this invention.
FIG. 5C is an illustration of copy commands as used for specifying the movement of predetermined data which is to be moved into predetermined storage locations.
FIG. 5D is an illustration of optical mark recognition commands as used in practicing this invention.
It is an object of the invention to provide an improved method, and system for carrying out such method, for scanning documents having data marked thereon by a user, and processing such data in a way that minimizes system and operator time, while providing an improved format of selected scanned data in a form suitable for display and storage.
It is another object of this invention to provide an improved system and method for processing video image data representative of scanned forms, wherein reliability of determining and segregating specified field data is increased while reducing system and operator time involved.
In accordance with the above objects, there is provided a system, and method carried out by such system, for processing forms to obtain data therefrom and to organize such data in a formatted manner that reduces system time and provides a greater through-put. Form file data corresponding to a predetermined form is stored and used for generating process commands corresponding to each of a plurality of predetermined specified fields on the form where data is to be entered by the user. The form is scanned by a scanner which is controlled by a computer. The scanned data is registered so as to enable exact determination of data corresponding to predetermined fields following which only such predetermined field data is processed. The computer operates on the selected field data with respective process commands corresponding to the form file data, the computer processing including formatting selected field data. The formatted data is outputted to provide formatted images of the selected fields. In a preferred embodiment some of the data is stored on an optical disc so as to provide for subsequent printout of formatted images representing the original fields as filled out by the user. In another embodiment selected portions of the data are automatically processed to obtain numerical data therefrom, and reports are automatically derived from such data.
Referring now to FIG. 1, there is shown a block diagram of a preferred system as used in carrying out a method of this invention. The system is designed for processing of forms of the type such as the Financial Aid Form (FAF) produced by Educational Testing Services, the assignee of this invention. The FAF is printed on both sides of an 11�17 inch sheet, and comprises four 81/2�11 inch pages when folded. For the following description of the system, it is presumed that data concerning the makeup of the form, and in particular the coordinate locations of regions, or fields where different items of information are placed, is in a digital form and is stored in the system. Examples of the manner in which such form file information is stored in the system are presented in FIGS. 5A and 5B, as discussed in more detail hereinbelow.
A pile of forms are inputted to a paper document scanner, or form scanner 30. Suitably scanner 30 may be a Terminal Data Corp. 4140 unit having optics and electronics provided by Photomatrix Corp. While the specific electronic and optical design of the scanner is not regarded as a part of this invention, this particular scanner has the requisite characteristics for use in the system of this invention. The forms are transported through the scanner in an open condition, such that both sides of the full 11�17 sheet are available for scanning. The scanner 30 is connected to and interfaces a computer 31, for example, a Sun Microsystems computer 3/280. Computer 31 sends control commands to the scanner 30 to control the transmission of scanned image data from the scanner 30 to the computer. The computer 31 also contains processing capability for processing the received scanned data in accordance with predetermined process commands, as discussed more fully hereinbelow. The computer is in communication with an operator console 32, suitably a Digital Equipment Corporation VT-320. It is also in communication with a high resolution monitor 34 suitably made by Gould Electronics Corp.
In the preferred embodiment, the computer 31 has several forms of data storage associated with it. A magnetic tape unit 36, of conventional structure, is used for storing selected field data. As represented in FIG. 1., the computer is also connected to an image printer 40, for printing out images of the selected data stored on the magnetic tape. For example, in one embodiment of the invention, selected field data which is not automatically processed is image-printed by a printer 40 in the form of a key entry document, which key entry document is utilized by an operator for inputting digital data into the system in a form ready for processing. FIG. 4 is a representation of such a key entry document. Printer 40 is suitably one manufactured by Delphax, Inc. The computer 31 also preferably has associated with it an optical disc system 37, such as the type made by Laser Magnetic Storage International. It may also suitably have a magnetic disc of the form made by Sun Microsystems. The preferred embodiment further comprises four logic boards made by Gould Electronics Corp. for performing the functions of compression and decompression in interfacing with storage; rotating the data for display purposes; and printer control for the image printer. Also, as illustrated in FIG. 1, a line printer 41 is connected to computer 31, for printing out messages to the operator, particularly for quality control.
Referring now to FIG. 1B, there is shown a schematic diagram of a further portion of the system for producing output documents from the data as stored in the system portion of FIG. 1. The magnetic tape from the computer tape portion 36 is placed into a central computer 50. This tape typically contains what is referred to as check box data, i.e. data that represents whether a box or a designated field has been marked or not. This data has been derived from locations identified from file data, and is in the form of yes/no-type data, ready for subsequent numerical processing. As illustrated, the document from the image printer 40, e.g., images of handwritten numbers, is taken and information therefrom is inputted by an operator at a key entry device illustrated at 48. Typically this data is handwritten character data for which, in a first embodiment, the system has no provision for automatic decoding. Thus an operator takes the key entry data sheet provided by the image printer, and enters the data to be stored on a magnetic tape as shown at unit 49. When this data is compiled, the tape is placed into a tape reader contained within computer system 50. Similarly, an optical disc from disc unit 37 associated with computer 31 is placed into an optical disc read device associated with computer 50. It is to be noted that the optical disc contains data corresponding to each form, which data is used for coordinating the processing of the check box data and key entry data contained on the two magnetic tapes. Thus, the computer system 50 has available to it all of the information data which it needs for subsequent analyzing, as well as form coordinating data derived from the optical discs. Computer 50 provides data processing in accordance with a predetermined program for analyzing the data and producing suitable outputs. In a preferred embodiment as utilized by the assignee of this invention, computer 50 connects data to a printer 51 for producing an output document.
Referring now to FIG. 2, there is shown a flow diagram of steps taken to generate the data stored on optical disc and magnetic tape. Initially, well before the filled in forms are processed, the form (such as a Financial Aid Form) is designed as indicated at block 54. In one embodiment, the form is designed using an INTRAN Metaform Professional� package. This is a software package which is generally used in the printing industry to prepare forms for printing. In the practice of this invention, the software package is also utilized to obtain a file which defines the form, as illustrated further in FIGS. 5A and 5B. Following the step of generating the form and obtaining the file data, command processor data is generated corresponding to the file data, as shown at block 55. Thus, for each specified field or location of data contained on the form, one or more commands is generated which are used in processing the data corresponding to that field after it has been scanned from the document. The commands utilized in a preferred embodiment of this invention are illustrated in connection with FIGS. 5B-5D and discussed in more detail hereinbelow. Typical fields represent boxes which may be checked, or larger rectangular areas where printed questions are presented and the person filling out the form has written in answers.
When a form or sheet is scanned, as indicated at 56, the image data is transmitted to the computer, and then the form (or sheet) data is registered as indicated at block 58. The registration step is accomplished by utilizing registration data printed on the form, such as ink means which registration data provides coordinates of the form as seen by the scanner. The computer 31 takes the form registration data, which indicates how the form is positioned relative to the scanner, and operates on the stored field data to transform it to coordinates corresponding to the sheet as actually scanned. After registration, the computer locates the preselected field data and executes commands on the data of each such field, as indicated at 60. These commands include the command to move data to a predetermined output unit, as indicated at block 61. The commands also include commands for recognizing character data and converting it to digital data; converting check box data to numerical data; rotating the data for display purposes; reformatting the data so that it can be presented in a more efficient manner for subsequent processing; and compressing data for more efficient storage, e.g. on optical discs. The data that is moved at block 61 may be moved, as discussed above, either to a magnetic tape 36; an optical disc 37; or the image printer 40. Note that data that is transmitted to the image printer 40 is also stored on the optical disc 37.
Referring now to FIG. 3, there is shown a more detailed flow diagram of the steps taken to register the form, which steps were discussed in connection with block 58 as shown in FIG. 2. As illustrated at block 65, the computer 31 searches for a registration block around its expected location. In a preferred embodiment, each page of a form has four ink means, e.g. registration blocks, typically square, black blocks against a white background, located approximately in the four peripheral corners of the form page. The computer determines the coordinates of the registration block, using conventional image processing techniques. The computer next goes to block 66, where it determines whether there is another registration block to be found, and, if yes, cycles back to block 65. After the four blocks have been found, locating the four coordinates associated therewith, the computer proceeds as illustrated at block 69 to perform a bilinear transformation on each page, using the coordinate information obtained from the four registration blocks. The bilinear transformation is a standard transformation as is practiced in the image processing art. As a result of this information, the stored data corresponding to all of the field coordinates is transformed at block 70, so that the computer knows where those coordinates are to be found in the data representing the scanned form. The computer is then in position to get the data from the specified fields and execute the commands, as indicated in blocks 59 and 60 of FIG. 2.
Referring now to FIG. 4, there is shown a copy of a printed page which represents a collection of images derived from different fields on a typical FAF, and formatted in a predetermined manner. The selected field information is reproduced in true image form, and arranged, or formatted, in a predetermined manner. This form is used by the assignee of this invention, as a key entry form, the data being re-arranged in a predetermined manner to facilitate reading by an operator for purpose of key entering the data onto magnetic tape. This same information is stored on optical disk, so that at any time in the future it can be reproduced, as a security check in determining exactly what information was written down. Thus, if the results of the analysis that is performed on the basis of the information recorded on the form are ever questioned in the future, and there is a request to see the information as recorded, the optical disk may be retrieved and the information printed out in image form. This obviates the need to record and/or keep the entire four pages. Instead, only the selected image information is maintained, which may be reproduced on one sheet, as illustrated. Of course, in general any amount of image information may be selected out and formatted for storage and reproduction, and the invention is not limited to the specific example as presented.
Referring now to FIG. 5A, there is shown a representative portion of a printout of data compiled by the INTRAN Metaform Professional� package. This data defines the regular image fields of one page of an FAF form. These regular image fields are rectangular fields which contain certain printed information and also contain areas where the person filling out the form has written in certain requested information. As indicated, each line of the printed data contains coordinate information corresponding to the upper left and lower right corners of a rectangular field. Thus, the two groups of the digits designated (a) and (b) respectively represent coordinate information for the upper left-hand corner of a rectangle; while the digits identified as (c) and (d) respectively represent the coordinate information of the lower right hand corner.
Referring now to FIG. 5B, there is shown a printout of registration (REG) commands defining the registration blocks for one of the four pages of a form. The information presented defines the registration block by coordinates, and is used in carrying out the registration sequence as described hereinabove.
Referring to FIG. 5C, there is shown a sample of stored COPY commands corresponding to respective fields. The COPY commands command the data from a given field to be taken and placed in a predetermined buffer so that the information for that field is properly formatted. The data illustrated includes input coordinates for each of the respective fields, before registration, as well as coordinates of the output buffer where the data is to be placed. For example, the first "CPY" line calls for copying information found in buffer page 1 at coordinates 16, 58, 59 and 248 into an output buffer defined by coordinates 18, 1005. The output buffers are selected so that storage and printout is in accordance with a predetermined format. This is the basic process of formatting the data so as to produce an output sheet as illustrated by FIG. 4.
Referring to FIG. 5D, there is illustrated a portion of a listing representing OMR commands which are to be executed. The OMR commands cause the processor to operate on data found at predetermined coordinates and to perform threshold tests (thresholds are designated LO-HIGH) to determine the presence or absence of a check within a check box.
The basic system as described to this point can be supplemented in many ways. For example, if optical character recognition techniques are extended for processing of all data on the form, then the generation of a key entry output page is not required, but rather all of the data can be automatically inputted and processed without operator intervention. However, even in that instance the formatting organizational steps are desired, so as to present the selected information to the processor in proper sequence. Also the formatting is desired in order to record the image data on optical disc, or other suitable media, so as to be able to generate an output page as illustrated in FIG. 4, for security or checking reasons. Further, any amount of the image data can be stored and formatted for generating printed image reproductions along with reports analyzing the data after it has been scanned. Thus, the system can be utilized to produce output reports which combine text which presents analysis of the data recorded on the form, as well as one or more pages which present reproductions of images of the actual fields from the form, formatted in a predetermined manner.
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Sears Holdings SHLD -0.3840877914951989% Sears Holdings Corp. U.S.: Nasdaq USD36.31 -0.14 -0.3840877914951989% /Date(1416607200221-0600)/ Volume (Delayed 15m) : 827473 AFTER HOURS USD36.25 -0.06 -0.16524373450839988% Volume (Delayed 15m) : 3973 P/E Ratio N/A Market Cap 3866397938.28537 Dividend Yield N/A Rev. per Employee 139586 More quote details and news » shares soared more than 60%, to $64, from late August to early October, an extraordinary performance, particularly in a flat market. But investors shouldn't mistake the runup for signs of improvement in the beleaguered retailer's fortunes.
Sears, controlled by hedge-fund manager Edward Lampert and ESL Investments, has been operating in the red for several years, and more losses are expected this year and next. Moreover, the company's real-estate portfolio—Sears owns almost 2,500 Kmart and Sears stores in the U.S. and Canada—could be worth considerably less than the market assumes, especially if Sears continues to sell stores to raise cash, as it has done in the past 18 months. Some skeptics think Sears (ticker: SHLD) is worth only $20 to $25 a share, based on the retailer's dim prospects and the appraised value of similar properties. The shares closed last week at $54.89.
Sears operates 2,500 Sears and Kmart stores across the U.S. Traffic has been falling, and losses mounting. David Paul Morris/Bloomberg News
Sears' recent levitation owes chiefly to a glowing report published last month by Baker Street Capital Management, a Sears investor, that puts the company's value at $92 to $169 a share, based on a property-by-property appraisal performed by unidentified "real-estate professionals." Credit Suisse, on the other hand, values the company at $21 to $54 a share, based in part on a price-per-square-foot analysis that the real-estate firm Cushman & Wakefield performed of comparable stores owned by Sears rival J.C. Penney JCP 0.5509641873278237% J.C. Penney Co. Inc. U.S.: NYSE USD7.3 0.04 0.5509641873278237% /Date(1416607323742-0600)/ Volume (Delayed 15m) : 10849717 AFTER HOURS USD7.45 0.15 2.0547945205479454% Volume (Delayed 15m) : 241733 P/E Ratio N/A Market Cap 2225039969.02466 Dividend Yield N/A Rev. per Employee 103812 More quote details and news » (JCP). ISI Group, using a similar analysis, thinks Sears could be worth $31. Credit Suisse has a $20 price target on the shares, and ISI, a price target of $25.
Sears has sold about a dozen stores in the past 18 months, including some of its most profitable units. The Baker Street report doesn't assume that the company will sell its property portfolio on a piecemeal basis, but in view of Sears' towering losses and $3.7 billion debt load, the sale of more stores seems likely.
Sears is expected to lose $648 million in the fiscal year ending in January, on revenue of $37 billion. It had negative free cash flow of $707 million in fiscal 2012 and $681 million in fiscal '13. Matt McGinley, an analyst at ISI, estimates it will have negative free cash flow of $900 million this year and $600 million next year.
Ironically, the longer Sears operates with big losses, and the more assets it sells, the less value investors are likely to realize in the event the company liquidates. "They're effectively burning the furniture to stay warm, and that works until you don't have any furniture left to burn," says McGinley, who has a Sell rating on the stock and a $25 price target on the shares.
Sears' operations are under substantial pressure. The retailer's sales of $166 per square foot are among the lowest in the industry. Kmart, which Lampert bought out of bankruptcy proceedings in 2003 and merged with Sears in 2005, has lost market share to Wal-Mart Stores WMT 0.0827618822416647% Wal-Mart Stores Inc. U.S.: NYSE USD84.65 0.07 0.0827618822416647% /Date(1416607465745-0600)/ Volume (Delayed 15m) : 6276348 AFTER HOURS USD84.65 % Volume (Delayed 15m) : 373282 P/E Ratio 17.275510204081634 Market Cap 272785725241.872 Dividend Yield 2.268163024217366% Rev. per Employee 219905 More quote details and news » (WMT) and Target TGT 0.4495013344570867% Target Corp. U.S.: NYSE USD71.51 0.32 0.4495013344570867% /Date(1416607384176-0600)/ Volume (Delayed 15m) : 6736372 AFTER HOURS USD71.4 -0.11 -0.15382463991050202% Volume (Delayed 15m) : 98873 P/E Ratio 29.795833333333334 Market Cap 45317032758.1824 Dividend Yield 2.9086841001258565% Rev. per Employee 201374 More quote details and news » (TGT), which rely on grocery sales to drive traffic.
|Sears Snapshot
|Recent Price
|Market Value (bil)
|Enterprise Value (bil)
|Cash and Equivalents (mil)
|Total Debt (bil)
|Sources: Bloomberg; company reports
Sears' appliance business, meanwhile, faces tough competition from Home Depot HD 0.727682689351235% Home Depot Inc. U.S.: NYSE USD98.28 0.71 0.727682689351235% /Date(1416607223929-0600)/ Volume (Delayed 15m) : 6678381 AFTER HOURS USD98.28 % Volume (Delayed 15m) : 128460 P/E Ratio 22.235294117647058 Market Cap 132277212229.099 Dividend Yield 1.912901912901913% Rev. per Employee 223863 More quote details and news » (HD) and Lowe's LOW 1.3294890277110363% Lowe's Cos. U.S.: NYSE USD63.26 0.83 1.3294890277110363% /Date(1416607411674-0600)/ Volume (Delayed 15m) : 7279872 AFTER HOURS USD63.39 0.13 0.20550110654441986% Volume (Delayed 15m) : 210920 P/E Ratio 28.115555555555556 Market Cap 62444576016.5085 Dividend Yield 1.4543155232374327% Rev. per Employee 211233 More quote details and news » (LOW), which have broadened their offerings in recent years. Sears' market share in appliances has fallen by 10 percentage points since 2000, to just above 30%, according to Morningstar estimates.
One bright spot for Sears is online sales, which jumped 20% in the second quarter. Apparel has also been strong at the retail level; comparable-store sales of apparel have risen for eight consecutive quarters. Sears has benefited in apparel from Penney's missteps in that span, as Penney tried to wean customers from coupons and discounting by instituting everyday low pricing. The strategy failed, and Penney's CEO was fired in April. Penney since has resumed discounting, which could erode Sears' advantage. "People are underestimating the impact J.C. Penney's discounting will have on Sears' apparel sales," David Berman, a portfolio manager at Durban Capital, says.
LAMPERT, WHO SERVES as Sears CEO, has taken numerous steps to increase liquidity. Sears raised $270 million in April 2012 by selling 11 stores to General Growth Properties GGP 0.8832565284178188% General Growth Properties Inc. U.S.: NYSE USD26.27 0.23 0.8832565284178188% /Date(1416607303216-0600)/ Volume (Delayed 15m) : 6257757 AFTER HOURS USD26.27 % Volume (Delayed 15m) : 107267 P/E Ratio 83.50286077558805 Market Cap 23225491153.6134 Dividend Yield 2.5885039969547012% Rev. per Employee 1735900 More quote details and news » (GGP). The company terminated the leases on three Sears Canada properties last year, generating 170 million Canadian dollars. It also netted $446.5 million from an October 2012 dividend and rights offering by Sears Hometown and Outlet Stores SHOS -3.0449826989619377% Sears Hometown & Outlet Stores Inc. U.S.: Nasdaq USD14.01 -0.44 -3.0449826989619377% /Date(1416607200105-0600)/ Volume (Delayed 15m) : 57109 AFTER HOURS USD14.0117 0.0017 0.012134189864382585% Volume (Delayed 15m) : 135 P/E Ratio 17.5125 Market Cap 318559397.389527 Dividend Yield N/A Rev. per Employee 533354 More quote details and news » (SHOS). And, in July, it sold two stores to CBL & Associates Properties CBL -0.31496062992125984% CBL & Associates Properties Inc. U.S.: NYSE USD18.99 -0.06 -0.31496062992125984% /Date(1416607417353-0600)/ Volume (Delayed 15m) : 949212 AFTER HOURS USD18.99 % Volume (Delayed 15m) : 4184 P/E Ratio 30.36456667732651 Market Cap 3233294340.30235 Dividend Yield 5.581885202738284% Rev. per Employee 1230380 More quote details and news » (CBL) for about $50 million, according to Wall Street estimates. Most recently Sears raised $1 billion of bank financing, and will use the proceeds to pay down its bank revolving line of credit.
Wall Street analysts have identified other assets that also could be sold, including the hardware- and appliance-warranty business, which might fetch as much as $500 million, and Lands' End, an apparel business Sears bought in 2002. Some have speculated that a private-equity buyer might pay $1 billion or more for the brand.
Still, the majority of Sears' value resides in its real estate, which has become the subject of intense debate on Wall Street. Baker Street's assessment, which rests on its experts' property-by-property analysis of Sears' portfolio, concludes that the retailer's 400 most valuable owned and leased stores are worth at least $7.3 billion, and the entire portfolio, conservatively worth $8.6 billion. (For more on Baker Street, see "What's Behind Baker Street's Sears Stake?" at the end of this article.) If Sears redevelops the top 350 properties, according to the hedge fund, the portfolio's value could jump to about $12 billion.
Within the past two years, Sears launched Seritage Realty Trust to sublease stores to other retailers, and Ubiquity Critical Environments to convert stores into data centers. But redeveloping space might be easier said than done. In the past five years, a company spokesman says, Sears has subleased "a number" of stores to other parties, including Whole Foods Market WFM 1.132312853847767% Whole Foods Market Inc. U.S.: Nasdaq USD48.23 0.54 1.132312853847767% /Date(1416607200210-0600)/ Volume (Delayed 15m) : 3797978 AFTER HOURS USD48.25 0.02 0.04146796599626788% Volume (Delayed 15m) : 85892 P/E Ratio 30.916666666666668 Market Cap 17350598092.7672 Dividend Yield 1.0781671159029649% Rev. per Employee 162775 More quote details and news » (WFM) and Forever 21. It hasn't launched a fully operating data center yet. Redevelopment "makes for good sound bites, but in reality Sears has done little of it," says Cedrik Lachance at Green Street Advisors, a real-estate research firm.
On a more granular level, Baker Street assumes Sears could garner $133 per square foot by selling the 100 best stores owned by the company, and $168 by selling the leases to its top 50 leased units. Credit Suisse, which pegs the value of all Sears' real estate at $3.2 billion, relies in part on Cushman & Wakefield's assessment of a $55-per-square foot liquidation value for Penney's "dark," or closed stores. ISI, which values Sears real-estate portfolio at $4.1 billion, estimates the retailer could sell its top stores for $60 per square foot, based on other transactions in the industry and discussions with operators of real-estate investment trusts.
Further complicating an analysis of Sears' portfolio is the matter of just how "top" the company's best stores are. According to a grading performed last week by Green Street of 651 mall-based Sears-brand stores, only 141 merit a grade of A-minus or better, based on several competitive factors. Most earn grades in the B-plus to B-minus range.
Two Views of Sears Holdings
Baker Street Capital's rosy assessment of Sears' real estate ignited a rally in the stock, but others on Wall Street are skeptical of the firm's analysis. Sears has been selling stores to raise cash.
|Bull Case:
|Bear Case:
|Baker Street
|Credit Suisse
|Real Estate
|$10.1 billion
|$3.2 billion
|Kenmore, Craftsman & Diehard
|Home Services & Protection
|Lands' End
|Sears Online
|Sears Canada
|Sears Auto
|Value of Assets (bil)
|Value per Share*
|*After adjusting for working capital, debt, cost of store closures, and other items.
|Source: Baker Street Capital Management, Credit Suisse
Finally, some analyses of Sears' value count certain assets that might not be available to shareholders in the event of a sale or liquidation. A real-estate mortgage-investment conduit, or Remic, created by the company in 2003 purchased 125 Sears stores that it leases back to Sears. The deal was funded by selling $1.3 billion of debt to Sears Reinsurance and two other Sears subsidiaries, secured by the properties' mortgages.
Likewise, in 2006, Sears Holdings contributed the U.S. rights to use the Kenmore, Craftsman, and Diehard trademarks to a subsidiary that issued $1.8 billion of securities backed by the royalties paid on the trademarks. That deal would seem to make those brands, valued by Baker Street at $2.2 billion to $3 billion, unavailable for sale.
The Sears spokesman says both securitizations could be unwound "subject to our obligations to maintain adequate capital at Sears Re." The company doesn't disclose Sears Re's assets or liabilities.
Lampert has done a masterful job of ensuring that Sears will have ample liquidity to stock its shelves during the holiday season and beyond. But questions about the value of the company's real estate and the prospects for its retail arm suggests investors should shop elsewhere.
What's Behind Baker Street's Sears Stake?
Baker Street Capital Management, whose publication of a 139-page report on Sears Holdings SHLD -0.3840877914951989% Sears Holdings Corp. U.S.: Nasdaq USD36.31 -0.14 -0.3840877914951989% /Date(1416607200221-0600)/ Volume (Delayed 15m) : 827473 AFTER HOURS USD36.25 -0.06 -0.16524373450839988% Volume (Delayed 15m) : 3973 P/E Ratio N/A Market Cap 3866397938.28537 Dividend Yield N/A Rev. per Employee 139586 More quote details and news » sent its stock sharply higher last month, is a Los Angeles-based hedge fund launched in 2009 that manages about $140 million. The firm was founded by Vadim Perelman, 31, and employs one other analyst. Perelman declined to identify which real-estate experts helped him analyze the value of Sears' properties, which is central to his bullish assessment of the company, telling Barron's the information is "proprietary."
Regulatory filings indicate Baker Street owned 1.5 million shares of Sears common as of June 30, purchased in the second quarter and equivalent to a 1.4% interest in the retailer. The remainder of the fund's position consists of two-year call options on seven million Sears shares, acquired on Jan. 14 and Jan. 18. For every option to buy Sears stock at $60 a share, the firm sold a call option that could force it to sell shares at $70.
The Bottom Line
Some skeptics think Sears could be worth $25 a share, less than half Friday's price of $54.55. The company has been selling real estate to raise cash.
Clayton Struve, a partner at the Chicago-based trading firm CSS, and a former executive at Swiss Bank, calculates that Baker Street paid about $19 million for these call spreads when the stock was trading around $45. The position will show a profit only if Sears trades above $60 during the contract's two-year life. The call spreads would expire worthless below $60.
The maximum gain Baker Street could realize from the position is about $50 million, which assumes Sears' stock hits $70. Above that price, gains would be capped.
Sears shares fell below $40 in late August, imperiling Baker Street's options position and producing a loss in its Sears shares, which likely were acquired for about $50 each, or $75 million. Sears hit a low of $39.34 on Aug. 26. Baker Street's report, dated September 2013, was published early last month. Perelman wouldn't comment on his entry points in either the stock or options positions.
-- Jonathan R. Laing
E-mail: firstname.lastname@example.com


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