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Chief Architect X1 with All Updates | 3.04 GB
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Link Ugotfile:
Información (Cómo descargar - NUEVO: Ver Enlaces de Descarga actualizados al 2017):
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INTERVIEW: Ben Huh - Founder and CEO of Cheezburger Network
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"what great entrepreneurs do is find opportunity where other people see none"
--Ben Huh
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The Discussion
wow, channel9 was the last place i would imagine to see interview with Cheezburger Network owner. Nice interview, but need more catz
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We offer discount to nonprofits, government agencies, and federal contractors
AILA makes recommendations to restore due process for Central American children, families, and adults seeking asylum and legal protection at our border. Read Report Today
AILA Doc. No. 11080262 | Dated August 2, 2011
On August 1, 2011, the House of Representatives passed H.R. 398 and H.R. 1933.
H.R. 398 (Rep. Lofgren, D-CA) would toll, for the time that active-duty military members are abroad, the period of time to file a residency petition and appear for an interview. H.R. 398 passed the House 407-17.
H.R. 1933 (Rep. Smith, R-TX) would modify the requirements for admission of nonimmigrant nurses in health professional shortage areas. H.R. 1933 passed the House 426-0.
Cite as AILA Doc. No. 11080262.
American Immigration Lawyers Association
1331 G Street NW, Suite 300
Washington, DC 20005
Copyright © 1993-2017
American Immigration Lawyers Association.


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Sierra Wireless (NASDAQ:SWIR)
Q3 2012 Earnings Call
November 1, 2012 5:30 p.m. ET
Dave McClennan – CFO
Jason Cohenour – President and CEO
Richard Tse – Cormark Securities
Matt Ramsay – Canaccord Genuity
Paul Treiber - RBC Capital Markets
Peter Misek - Jefferies
Todd Coupland – CIBC World Markets
Good afternoon ladies and gentlemen, and welcome to the Sierra Wireless Incorporated third quarter results conference call and webcast. [Operator Instructions]. I would now like to remind everyone that this call is being recorded today, Thursday, November 1, 2012 at 5:30 Eastern Time.
I would now like to introduce you to your host for today's call, Mr. Jason Cohenour, Sierra Wireless Chief Executive Officer, and Mr. Dave McClennan, Sierra Wireless Chief Financial Officer. Please go ahead, gentlemen.
Dave McClennan
Thanks, operator. Good afternoon, everyone. It's Dave McClennan speaking. Thank you for joining today's conference call and webcast. With me today on the call is Jason Cohenour, the company's president and CEO.
As a reminder, today's presentation is being webcast and will be available on our website following the call. Today's agenda is as follows. Jason will provide a general business overview, I will then cover second quarter 2012 financial performance in detail as well as guidance for the fourth quarter of 2012, and then Jason will return for some brief summary comments and Q&A.
Before I get started, I will reference the company's Safe Harbor Statement. A summary of our Safe Harbor Statement can be found on page 2 of the webcast and is now being displayed.
Today's presentation contains certain statements and information that are not based on historical facts and constitute forward-looking statements. These statements include our financial guidance summary for the fourth quarter of 2012 and commentary on our outlook and business drivers.
Our forward-looking statements are based on a number of material assumptions, including those listed on page 2 of the webcast presentation, which could prove to be significantly incorrect and our forward-looking statements are subject to substantial known and unknown material risks and uncertainties.
I draw your attention to a longer discussion of our risk factors in our annual information form and management's discussion and analysis, both of which may be found on SEDAR and EDGAR as well as our other regulatory filings.
This presentation webcast should also be viewed in conjunction with our press release and with the supplementary information on our website, which provides a complete reconciliation of our GAAP and non-GAAP results.
I will now turn the call over to Jason for the business overview.
Jason Cohenour
Thank you Dave, and good afternoon everyone. Overall, I'm pleased to report that Q3 was a very solid quarter for Sierra Wireless. Our revenue grew by nearly 11% on a year over year basis to $162.6 million, and profitability was significantly above expectations.
Non-GAAP earnings from operations were $8.3 million, and non-GAAP EPS was $0.28, well above our guidance range of $0.14 to $0.19 a share.
Underpinning our results was exceptional performance in our M2M business. Q2 M2M revenue was $86.1 million, representing another record quarter. We continue to experience good growth in the Americas and Asia, while Europe remained stable, but lower than historical levels, due to unfavorable macroeconomic conditions in the regions.
We also completed our acquisition of Sagemcom M2M on August 1, further bolstering our leadership position and adding $4.6 million of revenue to our consolidated results.
Our mobile computing business provided a solid contribution in the quarter as well. Revenue was up 7% on a year over year basis to $76.5 million, driven by solid 4G AirCard sales and continued strong growth in PC OEM.
Before discussing the business lines in more detail, I'll take a moment to revisit our overall strategy, to be a global leader in wireless solutions for both machine-to-machine and mobile computing, two important growth opportunities in the wireless industry.
In M2M, we're the clear global leader. We're focused on building on our leadership position, organically and through acquisitions such as Sagemcom, while also investing to expand our role in the M2M value chain.
Longer term, our goal is to continue expanding our offering across the M2M value chain, and to become the M2M platform of choice for OEMs, integrators, and operators around the world, providing intelligent hardware, cloud services, and powerful tools to make it easier, faster, and less costly to build and deploy M2M applications.
In mobile computing, we're focused on growing with our key operator and PC OEM customers and on being their go-to technology partner, providing the best, most reliable products that support the latest air interface protocols and operating systems. This role places us on the leading edge of new 4G technologies and other important ecosystem innovations such as Windows 8 and Ultrabooks.
We're also focused on maximizing leverage across the business lines, taking advantage of common, leading edge technology platforms, our broad global footprint, and combined supply chain scale. And this leverage really works. For example, we've leveraged our 4G success in mobile computing to create market-leading 4G module and gateway products for M2M as well.
This 4G platform leverage has helped us to earn important M2M wins in networking, automotive, and public safety, and we believe this leverage makes us unique in the market, and provides important competitive advantages for both business lines.
Looking at machine-to-machine in more detail, in the third quarter we delivered another record quarter in our core M2M business. We experienced broad-based demand across the business, with exceptionally strong results in some key M2M segments including networking, where we and our customers are benefitting from a growing trend with network operators to use LTE for fixed line replacement; and automotive, as key customers started to ramp production of new connected car solutions for the U.S. and European markets; in field service, where our industrial handheld customers participated in large enterprise rollouts; and in payment, where the addition of Sagemcom increases considerably our share position with payment terminal OEMs.
We also continued our investments in innovation and announced a number of new products and partnerships to drive our M2M business forward. At CTIA MobileCON in October, we announced the next-generation AirVantage M2M cloud, as well as a new partnership with Amazon Web Services.
The AirVantage M2M cloud provides a secure, scalable, simple platform that enables our customers to rapidly build and deploy their M2M applications. Combined with Amazon Web Services, the AirVantage cloud enables customers large and small to deploy an application with lower implementation costs and nearly zero capital investment. This launch of the next-generation AirVantage cloud is an important step in Sierra Wireless becoming the M2M platform of choice for OEMs, integrators, and operators around the world.
At the Paris Auto Show, we announced, in partnership with Bouygues Telecom, a new, innovative 3G USBT for Peugeot's Citroen, that powers the new Peugeot Connect Apps system. The Connect Apps device is specifically designed for automotive use, and plugs into the vehicle, providing the driver with real-time information on traffic conditions, weather, and navigation, as well as information about services nearby.
Additionally, we introduced the AirPrime SL9090, a new multimode product in the AirPrime SL series of LGA industrial grade embedded wireless modules. The multimode module gives device manufacturers the ability to operate on networks that use either HSPA+ or EV-DO technologies with a single product design.
And while driving growth and product innovation, we also executed on key strategic and operational initiatives in our M2M business. As mentioned earlier, we closed the Sagemcom M2M acquisition on August 1, and have been driving a rapid integration.
To date, the transition has been seamless, and we are already well on our way to operating as one company, including fully integrated sales and marketing efforts, a common product portfolio and roadmap, combined supply chain, and a complete systems and IT transition for the new Sagemcom team members.
We're also very close to completing significant facility transitions and consolidation in France, North America, and China, which we believe will drive even stronger execution and improved cost efficiencies.
I'm also pleased to report that our organic M2M business was profitable in Q3 on a fully allocated cost basis. We expect M2M profitability to be further enhanced with the addition of Sagemcom and continued growth.
To summarize, I'm very pleased with the performance of the M2M business in the third quarter, and excited by our continued success in product innovation, customer design wins, and operational improvements.
Looking forward to Q4, we expect strong year over year growth in M2M, driven by continued strength in our AirPrime and AirLink sales and a full quarter of contribution from the acquired Sagemcom M2M business.
Before turning to mobile computing, I will add that, true to our strategy, we are indeed building the clear global leader in M2M, and have further third party validation of this. According to ABI Research, our M2M market share, with the addition of the Sagemcom M2M business, was over 34% in 2011, significantly higher than any other player.
In addition, in its most recent assessment of the competitive position of M2M players, ABI Research ranked Sierra Wireless number one by a considerable margin in its competitive vendor matrix. We achieved the highest industry scores on both innovation and on implementation.
So according to ABI, we're the clear global leader in M2M, and the best positioned player to continue to lead the industry. I believe this puts us in a great position to seize the M2M opportunity and to drive sustained revenue growth and profitability growth well into the future.
Taking a closer look at our mobile computing line of business, coming off an exceptional Q2, our mobile computing results in Q3 were solid. On a year over year basis, AirCard revenue was up slightly, while our sales to PC OEMs were up an impressive 44%.
At AirCards, we continue to enjoy a strong product and share position at our key operator customers including AT&T, Sprint, and Telstra. We've also successfully leveraged our leading edge 4G products to build solid positions in new channels such as Virgin Mobile and Rogers Communications. In addition, our AirCard products continue to get positive reviews, including PC Magazine's Editor's Choice awards, for our latest mobile hot spots.
Our AirCard product pipeline is also strong, and we've secured successor channel positions for our next-generation products, which we expect to launch in the first half of 2013. Despite our product and channel share success, AirCard revenue was slightly weaker than expected in Q3, as LTE rollouts and related promotion of the mobile broadband category is taking time to develop.
In PC OEM, our strong growth continued during the quarter. We also believe that our share position continues to strengthen, driven by our leading edge 4G module products and a significant technology lead in adding Windows 8 support to our products.
The strength of our technology lead was made evident recently when two of our customers, Samsung and Lenovo, launched the first-ever LTE enabled Windows 8 tablet PCs, leveraging our ultrathin LTE modules and Win 8 software expertise. We've secured additional LTE and Win 8 design wins and continue to see both as important drivers in this category.
Notwithstanding our solid progress in mobile computing, we expect Q4 mobile computing sales to decline sequentially, driven by expected product transitions with operator and Win 8 OEM customers as well as an expected competitive entry in one of our channels.
Looking forward, however, we remain optimistic about the continued growth prospects in mobile computing, based on the strength of our channel position, our robust 4G product portfolio and pipeline, our technology leadership, and expanding LTE network deployments.
With that, I'll turn the presentation over to Dave, who will take us through a more detailed look at third quarter results and guidance for the fourth quarter.
Dave McClennan
Thanks, Jason. We report our financial results on a U.S. GAAP basis. However, we also present non-GAAP results in order to provide a better understanding of our operating performance.
As Jason indicated earlier, Q3 was a solid quarter for us. Starting with our GAAP results, we had earnings from operations of $1.1 million, up from a loss of $1.8 million a year ago and GAAP net earnings of $3.7 million, or $0.12 per share. That compares to a loss of $1 million, or negative $0.03 a share, a year ago.
Our Q3 2012 net earnings were helped by an FX gain and a net income tax recovery, but even without these, we were solidly profitable on a GAAP basis in the quarter. During the quarter, we closed the Sagemcom M2M acquisition on August 1. The acquired business contributed revenue of $4.6 million for that period, and broke even during the two month period in which we owned the business.
The guidance we provided for Q3 excluded the impact of the Sagemcom M2M business, and I'm pleased to report that our actual non-GAAP results, excluding Sagemcom, met or exceeded all of the guidance metrics.
Revenue of $158 million, excluding Sagemcom, was in line with our guidance range of $157 million to $162 million. Earnings from operations of $8.3 million was above the $6-8 million guidance range, and net earnings of $8.8 million, or $0.28 per share, was well above our guidance range of $4.3 million to $5.7 million, or $0.14 to $0.19 a share.
As a reminder, the reconciliation between our GAAP and non-GAAP results is provided in the press release as well as in the investor relations section of our website. Non-GAAP results exclude the impact of stock based compensation expense, acquisition amortization, impairment acquisition costs, integration costs, restructuring costs, foreign exchange gains or losses on foreign currency contracts, as well as translation of balance sheet accounts, and certain tax adjustments.
Looking at revenue growth and line of business mix for the third quarter of 2012, revenue grew by 11% on a year over year basis to $162.6 million in the quarter. Excluding the $4.6 million contribution from Sagemcom, which wasn't in the comparable quarter a year ago, revenue was up 7.6% year over year on a comparable basis.
Machine to machine contributed $86.1 million of revenue, representing 53% of total sales, and is up 14% year over year. Excluding the $4.6 million contribution from Sagemcom, M2M was up 8.2% year over year, driven by exceptionally strong results in key segments such as networking, automotive, field service, and payment. Sequentially, relative to Q2, M2M growth was also very strong at 10.8%, or 5.2% excluding the contribution from Sagemcom.
Our mobile computing results in Q3 were solid, although down sequentially as expected compared to the exceptional results we had in Q2. In total, our mobile computing business was up 7% in Q3 on a year over year basis, and represented 47% of sales. On a year over year basis, AirCard revenue was up slightly, while our sales to PC OEMs were up 44%. In the third quarter, we had one greater than 10% customer, which was Sprint, at 14%. In total, our top three customers contributed 32% of Q3 revenue, and that compares to 39% in Q2.
We continue to make good progress in improving our profitability. Non-GAAP gross margin as a percentage of revenue was 29.5% in the third quarter, comparable to the level we experienced a year ago and as expected, down sequentially from Q2, mainly as a result of the exceptionally favorable product mix we experienced in Q2 and the impact of planned price reductions in Q3 on some of our AirCard products.
On a segmented basis, M2M gross margin was 32.5%, and mobile computing gross margin was 25.9%. Gross margin for the acquired Sagemcom M2M business was 35%. Non-GAAP operating expenses were lower than expected at $39.6 million, and included approximately $1.6 million of opex for the partial quarter we owned Sagemcom.
The lower than expected level of opex in Q3 is primarily due to a shift in the timing of some new product development expenses into Q4, and continued cost control. Solid revenue and gross margin performance, combined with lower than expected opex, drove better than expected profitability.
Q3 non-GAAP earnings from operations were $8.3 million, compared to $4 million in the comparable quarter a year ago. During the quarter, the acquired Sagemcom M2M business broke even at the operating level, and overall, our M2M business was profitable. Q3 non-GAAP EPS was $0.28 per share, compared to $0.15 a year earlier.
Turning to the balance sheet, our financial capacity remains strong. During the quarter, we used $65.8 million of cash. This includes $55.2 million to fund the purchase of the Sagemcom M2M business, $3.9 million of capital expenditures, and negative cash flow from operations of $3.6 million, primarily driven by an increase in AirCard related inventory. Commencing in Q4, we expect to begin monetizing this increased inventory. Our cash balance at the end of Q3 was $59.5 million.
Subsequent to the completion of the quarter, we entered into a new $50 million revolving line of credit. This facility replaces our existing $10 million line of credit, and is designed to augment our working capital capacity. There are current now borrowings under the facility.
Moving on to guidance, guidance is on a non-GAAP basis. In the fourth quarter of 2012, on a sequential basis, we expect revenue to be flat compared to the third quarter, as a result of continued strength in our M2M business, including a full quarter of contribution from the acquired Sagemcom M2M business, offset by lower sales in mobile computing.
We expect gross margin to be slightly higher, driven largely by a favorable shift in product mix, and operating expenses to be modestly higher as a result of the timing of new product certification and launch expenses, as well as a full quarter of Sagemcom M2M expenses.
Q4 is the first full quarter of the Sagemcom M2M business. In Q4 we expect the Sagemcom M2M business to contribute approximately $13 million of revenue and about $2 million of earnings from operations.
Based on these assumptions, on a consolidated basis, in the fourth quarter of 2012, we expect revenue to be between $160 million and $165 million. We expect earnings from operations to be between $7.5 million and $9 million, and net earnings to be between $5.6 million and $6.8 million, or $0.18 to $0.22 per share. Incorporated in this guidance is an effective tax rate estimate of 22%.
I'll now turn the call back to Jason to sum up.
Jason Cohenour
Thanks, Dave. To summarize, we're very pleased with our solid Q3 profitability, driven by revenue growth and good cost control. Our M2M business delivered exceptional results across a number of key segments and regions, despite the continued macro challenges in Europe.
The integration of Sagemcom is on track, and the acquisitions business is now contributing in a significant way. We expect Sagemcom to be accretive to our Q4 earnings, and to bolster our position in key markets.
We continue to make operational refinements in manufacturing, R&D, sales, and facility consolidation, which we believe will enhance our efficiency and execution. Our investments in M2M are paying off. We're the clear global leader in a market with excellent long term growth prospects, and we're making steady progress and expanding our position in the M2M value chain. Our M2M business is profitable, and we believe that we are well-positioned to continue to drive profitable long term growth.
Coming off an outstanding Q2, our mobile computing business provided a solid, profitable contribution to our Q3 results. We continued our strong growth of PC OEMs, and our powerful AirCard product lineup kept us well-positioned with key operators. We've won channel slots for for our next-generation AirCard products, and we've taken a clear leadership position in providing Win 8 enabled LTE embedded modules for tablets and ultrabooks.
As we look forward, we remain optimistic that the strength of our 4G position and technology leadership with PC OEMs, combined with further LTE deployment and ramp up of new Win 8 platforms, will lead to solid growth opportunities in mobile computing.
In Q4, we expect our results to be in line with Q3. We expect a strong contribution from Sagemcom to be offset by normalizing sales levels in our organic M2M business and some softness in mobile computing as we work through product transitions with some key operator and PC OEM customers.
Notwithstanding our tempered view of Q4, we continue to be enthusiastic about the profitable growth opportunities that lie ahead. We remain focused on capturing these opportunities and on continuing to drive solid, year over year growth and improving operational results, with a goal of creating long term, sustainable shareholder value.
Operator, this concludes our prepared remarks. You can now open the line up for questions.
Question-and-Answer Session
[Operator instructions.] Our first question on the line comes from Richard Tse with Cormark Securities. Your line is open.
Richard Tse – Cormark Securities
Just a couple questions on the M2M side. Last quarter you sort of gave a split by geography, Americas, Asia-Pacific, and Europe. Did you have that number on a year-to-year growth basis this quarter?
Dave McClennan
This is our M2M business, so not our full business. So we were about $21 million in the Americas, $21.1 million in EMEA, and $44.2 million in Asia-Pacific.
Jason Cohenour
And EMEA included some Sagemcom contribution.
Dave McClennan
And Asia-Pacific as well. That's right.
Richard Tse – Cormark Securities
Just trying to get a feel for EMEA, was that sort of down year over year? Or is it flat? Just trying to get a feel for M2M is growing in the key growth markets outside EMEA?
Jason Cohenour
It's pretty stable is the way to think about it. Ex-Sagemcom, Europe was stable.
Richard Tse – Cormark Securities
And so with the contribution of Sagemcom this quarter, you're talking about a normalized M2M business. So I guess to kind of look at it from a different perspective, in that that's sort of a growing piece of the company, can you give us maybe some color on the pipeline then as we look 12 months out as to how that would look, and how that's sort of building?
Jason Cohenour
We're bullish on it. Talking about the organic business, we expect, as an example, our AirLink and AirVantage products to experience solid growth. We also expect, I would say, continued, measured growth out of our organic M2M embedded modules business, driven by the typical markets that we've been getting a lift from, which are automotive, networking, and energy. And then layering on Sagemcom, we expect to get a pretty nice boost in the payment segment, as well a good business platform in different regions, including Brazil, that we can leverage longer term in segments such as automotive. So 12 months, we continue to be very bullish on M2M overall.
Richard Tse – Cormark Securities
And then just switching gears on the mobile computing side, you quickly went through the decline due to transition with customers and a competitive entry in one of the channels. Can you elaborate on that a little bit?
Jason Cohenour
So without picking names, at one operator, where we've got, I would call it, extraordinarily high channel share, we do expect to sharing that channel in the coming months. We still expect to maintain a strong leadership position, but we're going to have to make room for another player. In that same channel, we plan to launch next-generation AirCard products early in 2013. So we're getting some softness as a result of those two factors in that single channel.
And then with respect to PC OEMs, a lot of our OEM customers are very focused on Windows 8 support, now that Windows 8 is out, and launched. And we're working through Windows 8 support across our embedded module product lineup. So even though we've launched with some customers on Win 8, Win 8 is not yet available across all of our products.
So some of our PC OEM customers are taking a pause here, and waiting to resume buying at their normalized levels until Win 8 support is provided. And we expect that to be provided on some of our legacy modules later this year, but probably too late to have a meaningful impact in Q4.
Richard Tse – Cormark Securities
In the $0.28 adjusted EPS number, I'm looking at your reconciliation from GAAP to non-GAAP. It's not clear to me whether the income tax adjustment noted in that schedule includes the full impact of that sort of one-off that you're talking about. Does it?
Dave McClennan
No. Taxes are very complex.
Richard Tse – Cormark Securities
How much of that impact is in the $0.28 I guess is my question.
Dave McClennan
Right. In our non-GAAP adjustments, we stripped out about $1.1 million of the recovery. So think of it this way. We had a $1.5 million recovery in the GAAP results, and our non-GAAP results adjust out about $1 million to get us a $500,000 recovery. And there's a bunch of moving pieces there. So we've stripped out what I'll call the nonrecurring things, and left in the things that were legitimately affecting the quarter. I will say that our target tax rate for Q4 is 22%, if that helps.
Next we'll go to the line of Mike Walkley with Canaccord Genuity. Your line is open.
Matt Ramsay – Canaccord Genuity
This is Matt Ramsay on for Mike today. I guess a couple questions on M2M, and first is on Sagemcom with the results that you just presented, and the guidance that Dave gave for $13 million in Sagemcom revenue in Q4. It now looks like Sagemcom's overall sales are going to be down on a year over year basis, and from what you guys reported at the acquisition. It sounded like, from some commentary you gave around the time of the acquisition, that the sales for that business were actually up year over year in the first half of the year. So could you talk about maybe some trends in that business and things that might have changed from the first half through the second half of the year?
Jason Cohenour
I would characterize Sagemcom in Q4 as aligned with our expectations. If the $13 million guidance is viewed as down year over year, I don't actually reach that conclusion. If it is down, it's very close. So I view that as in line with expectations. Last year, full year, I believe revenue was about $50 million from Sagemcom, and I know it was a little lighter than that in the first half of '12, but $13 million is certainly aligned with a reasonable run rate.
So with respect to what we expect out of that business, I think right now our view is delivering roughly in line with expectations on both the top and bottom line. It hasn't been inside for very long, but that's our view right now.
Matt Ramsay – Canaccord Genuity
And Jason, you've talked about in the past this overall market growth rate for M2M on a 15% level, on a revenue CAGR going forward. If you include your Sagemcom acquisition, do you think that number is attainable for 2013? Or are we still going to be running at slight to under than that due to some softness in Europe?
Jason Cohenour
I'm inclined to say that 2013 we're still going to continue to struggle through a tough macro situation in Europe. So I think if you take the Q4 M2M run rate business, our expectation is that we will not hit 15% year over year growth in 2013. I think it will be a bit more measured than that as we grind through the challenges in Europe.
Matt Ramsay – Canaccord Genuity
And Dave, a couple questions for you. I guess first of all, you did give a number around the operating expenses for Sagemcom in the quarter. But looking forward, could you give your thoughts around kind of a steady state opex level that we could expect, because obviously you guys have benefited from a ton of leverage in the last couple quarters. And I know that you had targeted kind of a $40 million non-GAAP operating expense run rate in the past. What should we look for on a run rate basis going forward?
Dave McClennan
The Sagemcom business, we've done a lot of integration already in the early period, so it's going to really be fully integrated into the M2M embedded business. So it will be hard to identify specifically going forward opex there. But you're absolutely right, we're targeting, and have targeted for quite some time, $40 million of opex, and I expect that we'll be a little bit above that, but not demonstrably above that, because of the addition of Sagemcom.
Next we'll go to the line of Paul Treiber with RBC Capital Markets. Your line is open.
Paul Treiber - RBC Capital Markets
Just wanted to jump back to Sagemcom on the revenue, and the seasonality of it. You mentioned last year the first half was slightly weaker. Is that normal seasonality for the business in that it's weighted toward the back half of the year?
Jason Cohenour
There is a little bit of back-end loading.
Dave McClennan
I don't think it would be overly dramatic, but it's probably a little bit heavier generally in the back half. A lot depends on what happens with the GSMR part of that business, which is not a large part of the business, but that can be a little bit lumpy, because it's project driven. So quarter by quarter, that can have a bit of an impact, and make it look a little lumpy.
Paul Treiber - RBC Capital Markets
And then moving to M2M gross margins, they declined about 100 basis points quarter-over-quarter, even with the inclusion of Sagemcom. When you look at the gross margins, is there anything driving that decline, or is it just the mix between various OEMs and verticals? Or is there a change in the overall profitability of the M2M business?
Jason Cohenour
I don't think so. As you look at the overall M2M business, certainly from when we acquired Wavecom, as an example, the gross margin profile has changed. And it's come down, but I think we've been pretty stable here in the low to mid-30s. So on the more recent quarters, I would characterize that as mix-driven, predominantly. And in Q4, as an example, we expect M2M gross margin to drift up a bit from where it was in Q3, based on a favorable mix shift. So certainly our expectations are that we need to run that business just about in the mid-30s is our expectation. Of course, there are price pressures in the marketplace, and it's incumbent on us to protect price and drive costs down, but we're modeling the business around the mid-30s range.
Dave McClennan
And Q2 was a bit unusual, and some mix things drove that up. If you go back to Q1, Q1 was 32.1%. So we're a little bit above that again in Q3.
Paul Treiber - RBC Capital Markets
Then also, diving more into the M2M results by vertical, are there verticals that are more resilient to some of the macroeconomic headwinds? And obviously there are ones that are weaker. Could you just provide more detail on which ones have seen strength, and which ones are weaker?
Jason Cohenour
Well, we've been pretty consistent that what's driving our machine-to-machine business are predominantly - and these are not necessarily immune to macro headwinds - automotive, networking, and energy have been the real segment drivers in our business. And I would quickly add as number four and five payment, because Sagemcom brings a big position in the payment industry, and transaction.
So with those five markets, you're well over 50% of our machine-to-machine business, none of which, by the way, are immune to macroeconomic headwinds. So I think what you're seeing, frankly, in our business, is some macro pressure, which is tempering what would otherwise be stronger market growth in all of those segments. Growth drivers in automotive, as an example, our increased penetration in connected car applications.
So it's very penetrated at a very low level today, and notwithstanding, guys like Renault and Peugeot are selling fewer cars. We believe that penetration rate goes up. So those two forces kind of fight against each other. But that's what you're seeing. Those five markets are the key drivers right now, and we're experiencing market growth, growing penetration, tempered by macro headwinds in Europe.
Dave McClennan
The other thing at play here is that we've got an interesting geographic mix, so while we're facing macro headwinds in Europe, other regions are performing very well, like the Americas and Asia-Pacific, that are more than offsetting the pain that we're showing in Europe.
Paul Treiber - RBC Capital Markets
And then just lastly, on the taxes, you provided the target tax rate for Q4. Could you provide a similar number for Q3 so we can have something as a comparison?
Dave McClennan
We stripped out the nonrecurring items in Q3 to get to the $0.28, but the 22% that we are targeting on Q4 really represents what we think the full year tax rate is going to be. So that's, I think, representative, when you look at the year-end total, what the full year tax rate will be.
Next we'll go to the line of Peter Misek with Jefferies. Your line is open.
Peter Misek - Jefferies
Can you help us remember the strategy for creating a moat around the M2M business? I remember you describing some of the key APIs, operating system platform type. And can you walk us through how you think you can extend that to maintain your M2M leadership?
Jason Cohenour
In general, you heard me describe the expansion in the value chain. And I know that's a pretty abstract term, but over and above making modules, meaning taking baseband and RF components and making a radio, we're very focused on providing embedded intelligence at the edge, which requires a lot of embedded software innovation in the form of real time operating systems in our 2G product line. We even developed our own protocol stack and apps that run on these platforms, and in fact many of our modules are used as not only the wireless connection, but also the application processor.
So we are continuing to innovate in that area, which we believe not only differentiates us but enables our customers to lower their overall system cost, because they can actually get rid of some components. So that's one key. That's the intelligence at the edge, if you will.
And then going the other way, we are very busy building a powerful platform in AirVantage. So AirVantage provides very robust packaged device management, subscription management, and provides very powerful tools so customers can rapidly build and deploy their applications.
So two things there. I think providing what we call the M2M platform is not just about the AirVantage cloud. It's also about the intelligence at the edge. Puts us in a different position relative to our peers, and it also enables us to capture more of the value chain and get paid for that.
Peter Misek - Jefferies
So just to take this a little bit further, you feel that your market share position in M2M is not only defensible by adding these moats, you feel like you can continue to capitalize on this growth. Is that correct?
Jason Cohenour
Peter Misek - Jefferies
So if we look at the market size opportunity, what are you expecting for the market to grow M2M, whatever forecast you're willing to give. Next quarter, next year, whatever. And again, I want to follow up a little bit.
Jason Cohenour
What I'll say to that is it's been obviously a challenging macro-environment for the past year plus. In 2012, I think we probably grew our M2M business a little faster than the market. So put a market growth of 6-7% probably. And as we look forward to 2013, we certainly hope it improves, back to what I would consider kind of a long term target of 15%. But that's not what we're putting in our 2013 business plan, if that helps you.
Our expectation is we're going to continue to feel some headwinds, particularly in Europe, and that market growth in general is going to be tempered by that. So I think if you continue the run rate we've experienced in 2012 into 2013, that's probably roughly aligned with our expectations on market growth.
Peter Misek - Jefferies
So as we think about the market and the opportunity for M2M, is there anything you feel, aside from macro, that's holding you back from achieving the higher end of those growth rates? I'm just trying to gauge how we should think about numbers going forward. Because that clearly seems to be the one business of the two that you have an absolutely clear lead, and some defendable market positions. Just trying to capture what that opportunity and that value is.
Jason Cohenour
I would leave it at that. There's always competitive forces, but in our view, the key resistance right now to achieving 15-25% market growth is macroeconomic pressure in key regions. So I think the good news is we've done a tremendous amount as a company, over the things we have control over, to create not only the leading position, but a very differentiated position. So when the macro headwinds dissipate, I think we stand to be a direct beneficiary and to enjoy at least market growth rates, if not beyond.
[Operator instructions.] Next we'll go to the line of of Todd Coupland with CIBC. Your line is open.
Todd Coupland – CIBC World Markets
Dave, I have two questions. I wanted to clarify the tax point, if I could. So roughly $0.06 would be a 22% tax rate on the $0.28. And then I didn't quite understand the $1.5 to the $1.1. So were you saying you included about $500,000 of nonrecurring? So should we take another penny or so out to get to a cleaned up number?
Dave McClennan
The way we presented the non-GAAP number, I think, is call it a cleaned up number. And just to take you through that, the $1.5 million recovery in the non-GAAP basis, when we make non-GAAP adjustments for unusual nonrecurring things, that results in a $500,000 recovery on a non-GAAP basis. And that translates into $0.28. So I think that's a fair presentation of the non-GAAP earnings in the quarter. You can go further than that if you want, and adjust the expected decrease in our tax rate. Earlier in the year we were expecting 27-28%, and we're now expecting 22%. So that adjustment has happened in the quarter as well. But over the full year, that will work itself out. I do think the $0.28 is representative.
Todd Coupland – CIBC World Markets
Sorry, just to be clear, is there 22% of taxes in the $0.28?
Dave McClennan
No. There is on some items, but then there are other nonrecurring recoveries that offset that.
Todd Coupland – CIBC World Markets
What tax rate is in the $0.28?
Dave McClennan
In where we're profitable, the 22%, and then there are some other adjustments that decrease our effective tax rate.
Todd Coupland – CIBC World Markets
So what would have been the effective tax rate in the quarter?
Dave McClennan
We have legitimate recoveries on a non-GAAP basis, so that $500,000 recovery, I think, is representative taxes.
Todd Coupland – CIBC World Markets
So that's about $500,000 recovery. Okay. So it's essentially an untaxed number then.
Dave McClennan
And Todd, if it will help, I refer you to the GAAP non-GAAP reconciliation that's on the website.
Todd Coupland – CIBC World Markets
I see it here. I just wasn't completely clear on it. Apologies.
Dave McClennan
Taxes are very complex.
Todd Coupland – CIBC World Markets
Okay, so my question had to with the mobile computing business. I just want to make sure I'm doing my math right. So if I add Sagemcom to run rate M2M… So Q4 M2M will be at least $100 million roughly, and maybe you get some growth into Q4 as well, but plus or minus $100 million. So that would put mobile computing at $62 million at the midpoint of your range, which, when I look back, that's probably the lowest number in a few years in mobile computing. So is this the structurally lower number? Is it the inventory cleanout that you spoke about? How should we be thinking about this number as a base going forward?
Jason Cohenour
Your math on the M2M number is not correct. It's lower than that in our guidance. And we're not going to provide guidance on a business line, but it's lower than that. So while mobile computing is down sequentially for sure, it's not down as low as your math implies, in our guidance.
Todd Coupland – CIBC World Markets
Okay, so you're saying the $86 [million] is going to go down some, and then add the $13 [million] on top of that, basically.
Jason Cohenour
That's right.
Todd Coupland – CIBC World Markets
But you don't want to say how much the $86 [million] is going to be down by.
Jason Cohenour
That's right. And the way to think about that is… So what's happening in M2M is of course we're adding the Sagemcom for a full quarter, but Q3, in our M2M embedded business, was exceptionally strong, and we had the benefit of what I would call a couple of unusual items in networking and field service that aren't going to recur every quarter. So we'll come down a little bit in embedded, and that will be partially offset by growth in our AirLink and AirVantage product lines, but not fully offset.
Todd Coupland – CIBC World Markets
Fair enough, but directionally, the mobile computing question I guess is still out there. Maybe it's not $62 [million], but it sure feels like it's into the sixties anyway.
Jason Cohenour
I don't think so. No. And I'll leave it at that. It doesn't have a six handle. I'll leave it there. And yeah, it's definitely changed. It's definitely changed from Q2, which was extraordinary. So what's a normalized run rate there? Candidly, it's tough to tell, because it is a volatile business. But even at $70 million a quarter it's profitable. It's contributing in a meaningful way, and we'd like to see it higher. We'd like to see it in the high seventies, low eighties on a run rate basis. But that's not what we've got inked into guidance.
Todd Coupland – CIBC World Markets
And the oxygen in terms of marketing dollars for iPhone 5 and Galaxy, various versions of the Galaxy, etc., is that getting in the way of a little bit more promotion of these products as well, as telcos make choices on what they want to promote?
Jason Cohenour
Yeah, I think that is a factor, for sure. I put two factors on it. I would put certainly that. There's 100 promotional pennies for operators to spend, and they're all going on iPhone and other smartphones at this point in time. Or most of them are.
And the other is LTE deployment. We need to see more LTE deployment by our key customers, remembering that we don't have exposure to Verizon, who's got critical mass coverage. Our customers are catching up. And by the way, promotional dollars in LTE deployment are related. And as new LTE markets are deployed, and as operator confidence around their LTE service grows, that's going to naturally, we believe, fund more promotional efforts. But it's going to take time to get the deployment, and after deployment follows promotional dollars.
There are no further questions in queue. I turn the call back over to the presenters.
Jason Cohenour
Thank you everybody for participating in today's Q3 results conference call. This ends today's conference call, and management will be available here in Vancouver for additional follow up questions should you have any.
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Submit News
Cookie Cure? Google Preps "AdID" to (Supposedly) Limit NSA, Advertiser Snooping
Jason Mick
September 19, 2013 8:42 AM
Recipient E-mail
Sender E-mail
But will an NSA backdoor be built in?
Google Inc. (
knows where you are
. Google knows where you were. Google guesses when you are sleeping. It knows when you are likely awake. It knows if you've been good. And it
definitely knows if you've been bad
Some say Google knows too much -- particularly since recent disclosures reveal it
begrudgingly stores and hands data to
U.S. National Security Agency
(NSA), which
breaks the law thousands of times a year
spy on thousands, if not millions, of Americans
-- many of whom have never committed a crime.
I. Google Crafting Potential "Anonymous" ID Alternative to Cookies
In the wake of the
NSA scandal
privacy scrutiny from the EU
, Google thinks it has a novel solution -- AdID. Google has reportedly been distributing a closed door proposal to advertisers, which would do away with cookie based advertising, which is based on small residual text files stored in local directories on your machine which are often backed up to the cloud. Cookies uniquely identify the user -- but they often give away too much, showing logs of urls which reveal things you've bought, where you are, and more.
Google spokesman Rob Shilkin comments mysteriously:
Technological enhancements can improve users' security while ensuring the Web remains economically viable. We and others have a number of concepts in this area, but they're all at very early stages.
So far few partners and privacy advocates have received the pending proposal, but
The USA Today
's sources say that will change in a matter of weeks.
Google is contemplating an anonymous replacement for third party cookies.
Google's example will be closely watched, as it's not only the world's biggest internet advertiser, it's also the maker of the most used browser, Chrome. Chrome has past the Mozilla Foundation's Firefox -- long in second place -- and Microsoft Corp.'s (
) Internet Explorer -- previously the most used browser.
Google also controls Android, a mobile smartphone platform that today accounts for four out of every five smartphones sold. Android is one of the biggest targets of mobile advertising.
If Google bans cookies in Chrome and Android, it would shake the market.
Some are cookies are the internet's ugly children. [Image Source: Magdex USA]
Not all are fans of the idea even if it
help with privacy. Comments Zach Coelius, CEO of ad technology firm Triggit to
The USA Today
, "Restricting third-party cookies isn't going to make relevant advertising go away; it just hands more power to big companies."
Mike Zaneis, general counsel for
The Interactive Advertising Bureau
(IAB), an advocacy that represents internet advertisers, says that relying on propriety "anonymous" solutions and banning third party cookies is a dangerous power grab. He comments, "They could deprecate the use of that ID on a whim, basically, and severely undermine billions of dollars in digital ad spending."
II. Blocking on the Rise -- But Can it Really Stop Powerful Interests?
The IAB and third party advertisers are very nervous as Mozilla recently made the controversial decision to block many third-party cookies in Firefox. Mozilla has yet to fully implement that decision and has appeared to punt more than once, as it
develops a block list
for which cookies to allow. It's unclear whether the delays are simply from technical limitations, or if the criticisms of the IAB and other groups are weakening Mozilla's resolve.
Apple, Inc. (
) and Microsoft were actually the first to roll out features allowing users easy routes to ban cookies. Microsoft in Dec. 2010 offered the "Do Not Track" (DNT) feature in Internet Explorer 9, then in Aug. 12 made DNT default to on, with the release of Windows 8's IE version, IE 10. Apple meanwhile, has long offered cookie management options in its menus and as of
Safari 5.1
offered an easy button option ("never") to always opt out of third party cookies.
The IAB has published "FAQS" complaining about
Mozilla's pending solution
IE 10's default on DNT
Google snuck around Apple's options to unblock cookie tracking among Safari users.
[Image Source: BlogSpot]
Google, meanwhile arguably has the weakest protections against unwanted cookies. In fact Google was
punished with a $22.5M USD fine in 2012
seemingly sneaking around Apple's cookie blocking features
with misleading plug-ins.
AdIDs feature stronger privacy protections including (reportedly) encryption, encryption, a 1 year
memory limit
, and the ability to spawn a secondard AdID when doing browsing you want to keep private (e.g. watching your favorite furries porn video).
Even the most robust forms of cookie blocking can't fully stop the Obama administration from illegally spying on you. [Image Source: AP]
The real question is whether or not AdIDs will really safeguard your identity from Big Brother -- powerful nation states like the U.S. that increasingly feel the need to "watch" all communications on the internet. Unless Google publishes the standard in an open specification it's impossible to know how robust it is.
USA Today
"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken
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text:
Exercise and get a free ticket - level 3
27-07-2015 15:00
Would you do 10 squats for free travel? Metro users in Mexico City are being offered just that. It's as the country has declared a public health priority after ranking second in the world for having the highest rate of obesity. Lawmakers there have introduced a measure to promote exercise as the government estimates that some 37 million people qualify as obese.
Fifty thousand free tickets will be given out to those users who do squats at the 30 so-called "health stations" in 21 Metrobus stations. "The Health Stations" are equipped with an electronic meter that asks the user to perform 10 consecutive squats. As the user performs each squat, it offers tips on how to lead a healthier life.
"I think it's a very good activity. It's promoting having good health to people who spend a lot of time sitting down, without doing anything. I think it's a very good option."
Clinics dedicated to treating overweight patients have been opened in 12 stations of the Public Transport System. They provide advice, free medical treatments and operations at a fraction of the cost in private hospitals.
Experts say one reason why obesity is such a problem in Mexico stems from the power of multinational food and beverage firms, particularly those from the United States.
Difficult words: squat (when you get down by bending the knees), consecutive (following one after another), stem from (to come from), beverage (a drink).
Source: www.ondemandnews.com
How to improve your English with News in Levels:


text:
Career and Education Opportunities for Advertising Agents in El Monte, California
Many educational and employment opportunities exist for advertising agents in the El Monte, California area. About 21,000 people are currently employed as advertising agents in California. By 2016, this is expected to grow by 21% to about 25,300 people employed. This is better than the national trend for advertising agents, which sees this job pool growing by about 7.2% over the next eight years. Advertising agents generally sell or solicit advertising, including graphic art, advertising space in publications, custom made signs, or TV and radio advertising time.
Advertising agents earn approximately $22 hourly or $46,620 yearly on average in California. Nationally they average about $20 per hour or $43,480 annually. Compared with people working in the overall category of Sales and Clerical, people working as advertising agents in California earn more. They earn more than people working in the overall category of Sales and Clerical nationally.
There are 210 schools of higher education in the El Monte area, including two within twenty-five miles of El Monte where you can get a degree to start your career as an advertising agent. Given that the most common education level for advertising agents is a Bachelor's degree, it will take about four years to learn to be an advertising agent if you already have a high school diploma.
CAREER DESCRIPTION: Advertising Agent
In general, advertising agents sell or solicit advertising, including graphic art, advertising space in publications, custom made signs, or TV and radio advertising time. They also may obtain leases for outdoor advertising sites or persuade retailer to use sales promotion display items.
Advertising agents explain to clients how specific types of advertising will help promote their products or services in the most effective way possible. They also furnish clients with estimates of the costs of advertising products or services. Equally important, advertising agents have to locate and contact potential clients to propose advertising services. They are often called upon to draw up contracts for advertising work, and collect payments due. They are expected to obtain and study data related to clients' products and business practices to propose effective sales presentations and appropriate product assistance. Finally, advertising agents attend sales meetings, industry trade shows, and training seminars to gather data, promote products, expand network of contacts, and increase knowledge.
Every day, advertising agents are expected to be able to articulate ideas and problems. They need to understand what others are saying to them even in a noisy environment. It is also important that they speak clearly.
It is important for advertising agents to decide on advertising medium to be used, and make ready sample advertisements within the selected medium for presentation to clients. They are often called upon to gather all relevant material for bid processes, and direct bidding and contract approval. Somewhat less frequently, advertising agents are also expected to process all correspondence and paperwork pertaining to accounts.
Advertising agents sometimes are asked to maintain assigned account bases while developing new accounts. and write sales outlines for use by staff. And finally, they sometimes have to write sales outlines for use by staff.
Like many other jobs, advertising agents must be persistant in the face of problems and impediments and have an achievement oriented outlook with an eye towards personal and professional growth.
Similar jobs with educational opportunities in El Monte include:
- Cage Cashier. Exchange coins and tokens for patrons' money. May issue payoffs and obtain customer's signature on receipt when winnings exceed the amount held in the slot machine. May operate a booth in the slot machine area and furnish change persons with money bank at the start of the shift, or count and audit money in drawers.
- Cashier. Receive and disburse money in establishments other than financial institutions. Usually involves use of electronic scanners, cash registers, or related equipment. Often involved in processing credit or debit card transactions and validating checks.
- Insurance Agent. Sell life, property, or other types of insurance. May refer clients to independent brokers, work as independent broker, or be employed by an insurance company.
- Product Demonstrator. Demonstrate merchandise and answer questions for the purpose of creating public interest in buying the product. May sell demonstrated merchandise.
- Real Estate Agent. Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
- Retail Sales Manager. Directly supervise sales workers in a retail establishment or department. Duties may include management functions, such as purchasing, budgeting, and personnel work, in addition to supervisory duties.
- Retail Salesman. Sell merchandise, such as furniture, motor vehicles, or apparel in a retail establishment.
- Sales Team Manager. Directly supervise and coordinate activities of sales workers other than retail sales workers. May perform duties, such as budgeting, accounting, and personnel work, in addition to supervisory duties.
- Technical Service Representative. Sell goods for wholesalers or manufacturers where technical or scientific knowledge is required in such areas as biology, engineering, and electronics, normally obtained from at least 2 years of post-secondary education.
- Telemarketer. Solicit orders for goods or services over the telephone.
- Wholesale and Manufacturing Sales Representative. Sell goods for wholesalers or manufacturers to businesses or groups of individuals. Work requires substantial knowledge of items sold.
EDUCATIONAL OPPORTUNITIES: Advertising Agent Training
Los Angeles City College - Los Angeles, CA
Los Angeles City College, 855 N Vermont Ave, Los Angeles, CA 90029. Los Angeles City College is a large college located in Los Angeles, California. It is a public school with primarily 2-year programs and has 17,310 students. Los Angeles City College has an associate's degree program in Advertising.
Pepperdine University - Malibu, CA
Pepperdine University, 24255 Pacific Coast Hwy, Malibu, CA 90263. Pepperdine University is a medium sized university located in Malibu, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,170 students and an admission rate of 35%. Pepperdine University has a bachelor's degree program in Advertising which graduated four students in 2008.
Certified Sales Professional: The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling.
For more information, see the Manufacturers Representatives Educational Research Foundation website.
Certified Salesperson: The SMEI Certified Professional Salesperson program is ideal for professionals who are employed as a sales representatives, account managers, distributor representatives and business development personnel.
For more information, see the Sales & Marketing Executives International website.
LOCATION INFORMATION: El Monte, California
El Monte is located in Los Angeles County, California. It has a population of over 121,791, which has grown by 5.0% over the last ten years. The cost of living index in El Monte, 150, is far greater than the national average. New single-family homes in El Monte are valued at $172,500 on average, which is far less than the state average. In 2008, thirty-three new homes were built in El Monte, down from ninety-nine the previous year.
The three big industries for women in El Monte are apparel, health care, and educational services. For men, it is construction, administrative and support and waste management services, and accommodation and food services. The average travel time to work is about 27 minutes. More than 7.1% of El Monte residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 2.0%, is lower than the state average.
The unemployment rate in El Monte is 15.5%, which is greater than California's average of 12.3%.
The percentage of El Monte residents that are affiliated with a religious congregation, 58.1%, is more than both the national and state average. Trinity Reformed Church, Immanuel Episcopal Church and El Monte Spanish Seventh Day Adventist Church are some of the churches located in El Monte. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.
El Monte is home to the El Monte Branch County of Los Angeles Public Library and the Norwood Branch County of Los Angeles Public Library as well as Arceo Park and Pioneer Park. Shopping centers in the area include Five Points Plaza Shopping Center and El Monte Shopping Center.


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"Ben provides an excellent service and an excellent product. He goes out of his way to make the process of buying high quality clothes easy and convenient. He is also a nice bloke!"
Sean RothwellMetropolitan Director of Emergency Medicine at Uniting Care Heatlh
"The quality, style and workmanship of the clothing has been consistently excellent, and the Company maintains a very large selection of fabrics, colors and cut. Ben Pettit is responsive, enthusiastic and well-informed, and he keeps a detailed record of my prior purchases, so that over time I have been able to eliminate gaps in my wardrobe, while avoiding duplicates. Ben is a part of my professional image, and I am happy to recommend his services to anyone who wants high quality clothing, and a professional and convenient approach to purchasing it."
Richard Mapp IIIAttorney at Law
We'll bet shopping is that one thing you'd love to delegate. Stay informed on upcoming events & essential luxuries for daily living.


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Frank Medioni interviewed bassist Joelle Leandre over two years at her home in Paris to create the narrative of this book; also included is a CD and DVD of two solo performances in Piednu and Guelph.
Leandre, Joelle
Solo: Conversations With Franck Medioni [BOOK + CD + DVD]
Label: Kadima Triptych
Released in: Israel
"The unique voice of double-bassist Joëlle Léandre moves back and forth between the worlds of theatre, poetry, dance, improvisation and composition. With passion and fire, she recounts her main sources of inspiration, encounters with John Cage, Peter Kowald, Giacinto Scelsi, Steve Lacy, Philippe Fénélon, Betsy Jolas, Derek Bailey, George Lewis, Anthony Braxton among others..."-Kadima
DVD: PAL; All Regions; 720x575; Aspect Ratio 4:3;Audio 2 Channel Dolby
At The Squid's Ear!
Related Categories of Interest:
Improvised Music
European Improv, Free Jazz & Related
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Customers Who Bought This Item Also Bought:
Out of Stock
Shipping Weight: 12.00 units
Quantity in Basket: None
DVD: PAL; All Regions; 720x575; Aspect Ratio 4:3;Audio 2 Channel Dolby
Label: Kadima Triptych
Catalog ID: Triptych 03
Squidco Product Code: 14785
Format: BOOK + CD + DVD
Condition: New
Released: 2011
Country: Israel
Packaging: Book with CD and DVD
CD 1: 38 minutes bass solo, Piednu, France, 2005
DVD: 33 minutes bass solo, Guelph Jazz Festival, Canada, 2009
Joelle Leandre-bass
Highlight an artist name or instrument above
and click here to Search
Track Listing:
1. Track 01 6:40
2. Track 02 8:14
3. Track 03 5:56
4. Track 04 11:35
5. Track 05 5:22


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Visit artists where they work this weekend at the 14th annual San Ramon Valley Open Studios tour, sponsored by the Alamo Danville Artists' Society along with the Town of Danville and the San Ramon Arts Foundation. Maps are available at the Danville Community Center, 420 Front St., as well as a preview of what artists are on the tour.
Studios at 25 locations will be open 10 a.m.-5 p.m. on Saturday and Sunday. For more information, visit www.OpenStudiosTour.com or call the special Open Studios hotline at 314-2470.
The event kicks off tonight at the Community Center with a free Downtown Gala from 6:30-9:30 p.m., open to the public.
This story contains 111 words.
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Welcome to Activate Media! Social Justice – Activism – Politics. Here you will find Activate Radio, as well as Activate Magazine and Activate Calendar.
We bring you the voices of the 99%, as well as marginalized and oppressed communities worldwide. Get ready for new shows, and writers from many perspectives. We are proud to have originated as Occupy Boston Radio and support people's movements worldwide.
Why we do what we do: To decrease human suffering and to promote human values of equality and justice.
Activate Radio is a streaming radio station that broadcasts news and commentary programs, with a focus on social justice and providing learning experiences that are unavailable in most of the mainstream media. We seek to educate while simultaneously affecting change in communities throughout the world.
Your contributions make what we are doing possible! Support Activate Media! Whether you contribute $25, $50, $100, or $600, every amount gets us a little closer to our goals of becoming a sustainable media organization, free from corporate influence. You can make your contribution by clicking on the donate button located just below the radio player on any page on this site..
Show Schedule
Democracy Now! 12:00 pm eastern 5 pm bst Monday through Friday
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The Young Jurks 9 pm eastern 2 am bst Thursdays
The Library 12 midnight eastern 5 am bst Saturdays


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Ambrose Cowley
From Wikipedia, the free encyclopedia
William Ambrosia Cowley was a 17th-century English buccaneer who surveyed the Galápagos Islands during his circumnavigation of the world, and published the first chart of the islands in 1684. In his diary he reported the discovery of the mythical Pepys Island, allegedly situated north of the Falkland Islands, prompting a number of mariners to look in vain for the nonexistent land.
- William Ambrosia Cowley. Cowley's Voyage Round the Globe, in Collection of Original Voyages, ed. William Hacke. London: James Knapton, 1699.
- William Dampier. A New Voyage Round the World. 1697.
|This English biographical article is a stub. You can help Wikipedia by expanding it.
|This pirate-related article is a stub. You can help Wikipedia by expanding it.


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Your prayer needs are very important to us. The Prayer Line Ministry will keep you in their prayers.
Your contribution to our Church will be an enduring symbol of your faith and devotion, and will benefit the St. John Baptist Church now, at its inception, and for years to come.
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18 Jul 2016
Polaroids By Polaroid Jay
Bay Area Instant Photographer, Jay Aguilar has blessed us again with his 3rd Solo Exhibition inside the Soundcloud HQ of San Francisco. Being that Soundcloud hosted the curated space, we couldn't think of anyone better than Polaroid Jay, to fit the bill of marrying the theme of music, lifestyle and
12 Mar 2012
Holden x Impossible Project
Holden Outerwear has teamed up with The Impossible Project to save instant photography. As a photo enthusiast I wanted to share their goal and vision for this project and do my part. Holden Outerwear is one of the top brands in snowboarding combining street fashion with functional performance apparel. Impossible


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Rask says he's ready to be Bruins' No. 1 goalie
Tuukka Rask was caught off guard — just a little — when he heard fellow Bruins goalie Tim Thomas decided not to play next season.
Tuukka Rask was caught off guard — just a little — when he heard fellow Bruins goalie Tim Thomas decided not to play next season.
Peter Laviolette had taken the Flyers to the 2010 Stanley Cup Final in his first season.
Nashville defenseman Shea Weber was expected to be the hottest unrestricted free agent in next summer's marketplace.
Danny Cleary spent the first two days this week in New York ensconced in meetings regarding the future of the NHL.
Patrick Kaleta cashed in on his pesky role with the Buffalo Sabres by agreeing to a three-year, $3.825 million contract.
NHL players and their union began examining the league's proposed expansion of revenue sharing as labor talks continued Tuesday.
Throughout the summer, reports emerged from Sweden that Daniel Alfredsson was hitting the gym.
Usually at this time of the summer, general managers have the "gone fishing" sign posted.
About 2,000 show up for the Los Angeles Kings captain's day with the Stanley Cup.
The Winnipeg Jets signed defenseman Toby Enstrom to a $28.75-million, five-year contract extension. Enstrom was drafted in 2003.
General manager Jim Rutherford says it shows he's driven to be a premium player.
The uncertainty surrounding captain Shane Doan's future with the franchise might be nearing a resolution.
Winger will stay in the Southeast Division with $7 million deal from Carolina.
Bowman and Barry Smith to coach Red Wings alumni; Red Kelly and Pat Quinn to coach Maple Leafs.
Called a first-line forward by a big boss earlier in the week, Flyers right wing Jakub Voracek now will be paid like one.
Having finished presenting "the vast bulk" of its proposals in labor talks Wednesday, the NHL is waiting for the NHLPA to respond.
Now that the Nashville Predators have committed $110 million to Shea Weber, they are trying to recruit free agent Shane Doan.
Former Columbus star meets with the New York media two days after his trade.
Captain calls it was a positive thing that the Predators stepped up and matched the Flyers' offer sheet.


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Building Healthy Families: The Lost Art Of Assertive Behavior
Throughout our lives we will be presented with many difficult situations, ranging from someone being mean to us in school to possibly the loss of a job in adulthood. It seems like every day the world gets more and more difficult to handle, and with constant changes in our environment we need to figure out the best way to solve these problems. We have many methods of solving our everyday troubles, but the one thing that seems to be lost are the days of solving our difficult moments on our own. We are accustomed to having others solve our problems for us, to not solve them at all or by using aggression. What ever happened to people being assertive and taking control of their own lives?
Assertive behavior seems to be lost, and we need to find it. More and more in my line of work as a school social worker, I see so many students who have no idea what assertive behavior is. The problem with this is that when a student is presented with something difficult they either avoid it all together or try and have someone do it for us. We tend to do this as adults as well in order to protect ourselves from anxiety or disappointment. The extreme opposite of having someone solve our issues for us, which all people seem to understand too well, is using aggression to resolve problems. Although these methods tend to resolve issues in the short term, it always seems that it creates far more problems in the long run. In turn, these methods create a cycle of insecurity and uncertainty.
We need to find a way to teach ourselves and more importantly our children how to use assertive behavior to resolve difficult situations. Teaching children assertive behavior starts at a very young age, and it's as simple as teaching children ways to communicate effectively. When we are kids we are told to tell an adult for anything that could possibly be troubling. I don't necessarily disagree with this, and I also find myself telling children to do this as well. But, we have to encourage children to try and resolve the issue first before they go directly to an adult. The exception to this rule, of course, is when there is a safety concern. In this case a child needs to tell an adult immediately.
Teaching our children how to effectively talk with others, especially when they are faced with a stressful task, will get them very far in life. It is as simple as teaching your children ways to express themselves by using simple phrases. The use of "I" messages helps the person clearly explain themselves without blaming the other person completely. It allows the other person to understand how they are feeling and allows them to possibly change their behavior before adult intervention is needed. By doing this over and over again, the child will be able to build confidence in their abilities to solve their own issues without the assistance of an adult. My advice to children is that they always use three assertive methods to solve their problem, and if it still doesn't change the problem, then request assistance from an adult.
Assertive communication isn't all about specific phrases either. Body language is a key factor in this as well. Someone who is slumped over, looking at the ground and speaking very quietly tends to have a difficult time getting their message across to someone. Have the confidence to stand tall, look right at the individual and use a firm tone of voice. This sends the message that you are serious and care about what you are saying. It tells the individual that you are in control and not them.
I find that this is one of the hardest parts for children because if they look right at the person that means they are being accountable for what they are saying. If they look away or have someone say it for them, then they don't have to take as much responsibility for the outcome. They can always make excuses, and say "Well they must not have understood me," or "they didn't listen to the teacher." In turn it places blame on someone else, and that it is someone else's fault.
Assertive behavior is a lost art, and many of us have forgotten that we are in control of our own lives. We cannot control others, but we can certainly control ourselves. Using assertive behavior and being confident in what we believe in can rub off on others and in turn create a better world around us. As adults, if we model for our youth that respectful/responsible behavior is what we demand, then we will have children that follow the same line of thinking. So the next time you are presented with a difficult situation, meet it head on, grow from it and believe in yourself. You can assertively change your life for the better. For more information, contact us at Family Service of the Chautauqua Region, 332 E. Fourth St., Jamestown, 488-1971 or check us out on the web at www.familyservicecr.com.


text:
1665 Great Neck Road
Copiague, NY 11726 ·
16,146 SF · Land For Sale
1665 Great Neck Road
|Property Use Type
|Lot Size
|Total Lot Size
|Property Type
|Zoning Description
|E Business
|Property Sub-type
Retail (land)More...
|Listing ID: 15159400
|Date Created: 05/30/2007
|Last Updated: 07/20/2007
This offering is a 2 family house sitting on 16,146 sq ft of land. It also
has a two story rear garage with office above. The property has
driveway access from oak st. The property is currently rented to a not
for profit since 2004 and they are now on a month to month lease. The
property is zoned E business, located within the Township of Babylon. Current zoning allows for Business use with the following
Minimum Lot area 10,000.
Street Line Width None
Street Frontage 50 Lin Ft
Front Yard 25 Ft Setback
Total Side 15 Ft
Minimum Side 3 Ft
Rear Yard 50 Ft
Height 35 t or 2.5 stories
Max Bldg Area 60% of total lot
The Town of Babylon has an aggressive IDA Program. The subject
property is surrounded by retail with a new retail / residential building
soon to open across the street. This is a perfect value add opportunity.
Copiague is located on Long Islands South Shore in the town of Babylon. It is close to the LIRR, sunrise highway with heavy pedestrian traffic. In 2006, the population in copiague is 283,845. The population has changed by 1.90% since 2000. It is
estimated that the population in copaigue will be 287,809 five years from now, which represents a change of 1.40%
from the current year. The current population is 48.72% male and 51.28% female. The median age of the population in
your area is 39.0, compare this to the US average which is 36.5. The population density in your area is 3,614.03 people
per square mile.
There are currently 93,146 households in your selected geography. The number of households has changed by 1.47%
since 2000. It is estimated that the number of households in your area will be 94,328 five years from now, which
represents a change of 1.27% from the current year. The average household size in your area is 3.01 persons.
In 2006, the median household income for your selected geography is $75,183, compare this to the US average which is
currently $48,271.
- • Retail & Office Common and Typical
- • TOB has the most aggressive IDA program in Long Is
- • Zoned E Business
- • Strong Car counts
- • Strong Value Add opportunity
1665 Great Neck Road, Copiague, NY 11726 (Suffolk County)
Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property
Copiague Market Trends - Asking price index trends, sale price trends, asking rent trends
Similar Listings
1370 W Merrick Rd
Lindenhurst, NY 11726
For Sale · $349,999
0.27 AC Lot
Retail (land)
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