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Juniper Networks (NYSE:JNPR)
Q3 2012 Earnings Call
October 23, 2012 5:00 pm ET
Kathleen Nemeth
Kevin R. Johnson - Chief Executive Officer, Director, Member of Mergers & Aquisitions Committee, Member of Stock Committee, Member of Offering Committee and Member of Stock Repurchase Committee
Stefan Dyckerhoff - Executive Vice President and General Manager of The Platform Systems Group
Robyn M. Denholm - Chief Financial Officer, Executive Vice President and Member of Stock Committee
Robert L. Muglia - Executive Vice President of Software Solutions Division
Rod B. Hall - JP Morgan Chase & Co, Research Division
Tal Liani - BofA Merrill Lynch, Research Division
Stephen Patel - ISI Group Inc., Research Division
Ehud A. Gelblum - Morgan Stanley, Research Division
Simona Jankowski - Goldman Sachs Group Inc., Research Division
Jeffrey T. Kvaal - Barclays Capital, Research Division
Ittai Kidron - Oppenheimer & Co. Inc., Research Division
Mark Sue - RBC Capital Markets, LLC, Research Division
Brent A. Bracelin - Pacific Crest Securities, Inc., Research Division
Greetings, and welcome to the Juniper Networks Third Quarter 2012 Earnings Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Kathleen Nemeth, Vice President, Investor Relations for Juniper Networks. Thank you. Ms. Nemeth, you may begin.
Kathleen Nemeth
Thank you, operator. Good afternoon, and thank you, everyone, for joining us. Here on the call today are Kevin Johnson, Chief Executive Officer; Robyn Denholm, Chief Financial Officer; Stefan Dyckerhoff, Executive Vice President, Platform Systems Division; and Bob Muglia, Executive Vice President, Software Solutions Division. Please remember when listening to today's call that statements concerning Juniper's business outlook, economic and market outlook, future financial operating results and overall future prospects are forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, and without limitation to, economic conditions, generally or within the networking industry; changes in overall technology spending; the network capacity requirements of service providers; the timing of orders and shipments; manufacturing and supply chain constraints; variation in the mix of products sold; customer perception and acceptance of our products; litigation; and other factors listed in our most recent 10-Q filed with the SEC. All statements made during this call are made only as of today. Juniper undertakes no obligation to update the information in this conference call in the event, facts or circumstances change after the date of this call.
In discussing the financial results, Robyn will first present results on a GAAP basis and for purposes of today's discussion, will also review non-GAAP results. For important commentary on why the management team considers non-GAAP information, a useful view of the company's financial results, please consult our 8-K filed with the SEC today. For the detailed reconciliation between GAAP and non-GAAP results, please see today's press release. In general, non-GAAP results exclude certain nonrecurring charges, amortization of purchased intangibles and other acquisition charges and expenses related to stock-based compensation.
On today's call, Robyn will also be providing forward-looking guidance. As a reminder, guidance is provided on a non-GAAP basis, other than that with respect to revenue and share count. All guidance is forward-looking, and actual results may vary for the reasons I noted earlier. GAAP guidance measures are not available on a forward-looking basis due to the high variability and low visibility with respect to certain charges, which are excluded from the non-GAAP guidance estimates. Please note that today's call is scheduled to last for 1 hour. [Operator Instructions].
With that, I'll turn the call over to Kevin.
Kevin R. Johnson
Thank you, Kathleen, and welcome, everyone. All of our major financial metrics were in line or ahead of our guided ranges in what continues to be a challenging environment. We remain focused on those things that are within our control and on developing and delivering great solutions for our customers.
During the third quarter, we began to implement some of the initiatives we outlined broadly in last quarter's conference call. We have streamlined our organization, consolidated functional overlap and clarified our priorities. These actions are designed to best align the company's resources with our strategic priorities. They will also allow us to sharpen our focus, enable agility and drive efficiencies. We do this with a clear recognition that it is the culture of innovation within our company that enables our customers' business success and creates value for all our stakeholders.
I'll focus my comments today on how we are performing in the market, including our progress relative to our new products. I also want to address some of the questions I know many of you have on the increasing industry focus around network programmability and software-defined networks, referred to as SDN. These are areas where we are very active. Robyn will walk you through some of the specifics on our financials, and we will conclude with Q&A that will include Bob Muglia and Stefan Dyckerhoff.
Our total revenue was up both quarter-over-quarter and year-over-year. We continue to see healthy performance in our Service Provider business, including improving demand by our largest U.S. customers and good results in the EMEA and APAC regions. The Enterprise story is mixed, with good quarter-over-quarter growth driven by EMEA and APAC, but offset somewhat by softness in the Americas. Our Service Provider revenue increased 4% quarter-over-quarter and 3% year-over-year. We continue to expect to see a more typical pattern of Service Provider spend within the industry, with second half investment levels higher than first.
I'm pleased to note that the upgrade cycle relative to the T4000 core routers is underway and customer engagement around PTX is very strong. Our PTX product complements our T4000 core routers by collapsing multiple existing core networks into a single MPLS-based transport network, and we're seeing good customer feedback for both products. These innovations provide us competitive differentiation. With PTX in particular, we now have more than 15 customers, including recent strategic wins with companies like Optus in Australia and XO Communications here in the U.S. We believe we are off to a very promising start with PTX.
We had a good quarter in Edge routing, and we continue to build on the success of our flagship MX platform. Earlier this month, we announced the industry's most powerful Edge routing platform, the MX2020, to enable rapid service creation and service delivery. It's the only Edge platform capable of delivering broadband, mobile and business services on one platform. In addition, we announced a series of software offerings that include our service delivery gateway and the JunosV App Engine, that offers a broad set of solutions on the MX.
Switching revenue was up solidly both sequentially and year-over-year. We continue to take share with the EX with recent customer wins such as Suncor, the top 5 North American energy company. We also continue to win new customers with QFabric. Recent wins include the University of Frankfurt and in the APAC region, BOCI, a leading cross-border platform provider for diversified financial services firms in China. BOCI is one of several customers deploying our QFabric M as its new data center core.
We're making good progress in rebuilding momentum in security. We grew in low-double digits on a percentage basis quarter-on-quarter. Demand for high-end SRX within the Service Provider sector was also strong this quarter, growing quarter-on-quarter. But we also saw gains across most of our product families, lending to our confidence that our security business is beginning to stabilize.
We're making good progress towards the objective we laid out at the Analyst Meeting to exit 2013 with an annualized run rate of $600 million in new product revenue. QFabric, PTX and T4000 each posted good revenue in the third quarter. The ACX Universal Access product family began shipping in Q3 and MX2020 will begin shipping in Q4. MobileNext is now running production traffic with one of our mobility customers, and we continue to engage with additional customers on insertion opportunities with our mobile packet core solution.
As we talk about new products and innovation, I want to address network programmability and what we're doing around software-defined networks. We have a few key pillars that define our SDN strategy. First, we continue to believe that a software-driven network platform will ultimately deliver maximum business value for our customers. This is the vision behind the new network that we laid out 3 years ago and continue to deliver upon. Junos is a key pillar of this programmability strategy. Next, we believe that the focus of SDN is initially around data center switching. The data center is where SDN solutions can drive the most business value for customers. Today, we have a data center fabric solution in market with QFabric. It was architected with some common principles of SDN. For example, our QFabric Director, at its essence, is a software-driven controller for the QFabric system. So we have this foundation to build on as we continue to evolve QFabric in our entire data center portfolio.
We know that lots of people are building SDN controllers. What that means for us is that we need to make sure our network systems work with as many of those controllers as possible. Open standards have always been a core underpinning of our innovation strategy. That means our systems need to support SDN protocols, including OpenFlow, and that's exactly what we're delivering. We initially demonstrated OpenFlow on the MX in 2011, and this year we extended that to the EX. We will have a productized version of OpenFlow 1.3 on the MX, EX and QFabric next year, so that our data center solutions can inter-operate with these many SDN controllers that are being built.
We are actively engaging with several customers on the use cases where we think SDN can deliver the most value. We have a solution that is architected with SDN principles in QFabric running in many customers' data centers today. We continue to gain traction with customers as we build out our feature sets. We are also building SDN APIs including OpenFlow into our systems. And as we do this throughout our product roadmap, we are continuing to evolve the portfolio. We think we're making pretty good progress.
I'll wrap up my comments by reiterating that we executed well in the third quarter, and we took the necessary steps to restructure the company to sharpen our focus on the right priorities, enable agility and drive efficiencies across the company. The actions we are taking to align our resources with our strategic priorities are ahead of schedule and that further strengthens our position as we look to drive revenue growth in 2013. The macro environment probably isn't going to become any more certain in the near term, but we continue to focus on our own execution as we manage through this in line with our operating principles. We believe our traction is increasing across all 3 of our product areas; routing, switching and security, and that includes our new products as we move towards the expectation we set at our Analyst Meeting in June.
Before I hand over to Robyn, I want to note that we also issued a press release today regarding our Platform Systems division. Stefan Dyckerhoff's role within Juniper will be changing. After many successful years as an operating executive, Stefan has made the decision to pursue a career as a venture capitalist. At the same time, Stefan will remain actively engaged with Juniper. Beginning in January 2013, he will transition to a new role as a staff consultant, supporting me and the executive team. In this role, he will continue to work with the executive team on strategy and some key customer engagements.
As Stefan shifts into his new role, I'm pleased to note that Rami Rahim, a 15-year Juniper veteran and key architect of our routing portfolio, will succeed Stefan in the leadership role of PSD. Stefan will work closely with Rami to ensure a smooth transition.
Stefan, would you like to add a few comments?
Stefan Dyckerhoff
Thank you, Kevin. My decision to change career path is driven by a long-standing personal aspiration to work with entrepreneurs as a venture capitalist with the goal of financing market defining companies. Juniper's product portfolio and our roadmaps are stronger than they have ever been, and we are starting to see the results of the work over the last years, with early signs of increased momentum on T4000, PTX, MX, ACX and QFX that will enable future growth for Juniper.
I have worked with Rami for many years, and he has played a key role in Juniper's success to date. I'm confident that he is the right executive to lead the Platform Systems division, and I look forward to working with him, both during the transition phase and then throughout 2013 as an advisor.
I want to add my personal thanks to the employees at Juniper for all of their support during my many years with the company, and look forward to staying connected with Juniper with my new role.
Thank you. With that, I will hand it over to Robyn.
Robyn M. Denholm
Thank you, Stefan, and good afternoon, everyone. Juniper delivered third quarter revenue growth on both the quarter-over-quarter and year-over-year basis, and we improved our operational performance. While many customers remain cautious in an uncertain near-term environment, we continue to see positive long-term demand fundamentals for high-performance networking.
We are focused on the things we can control. So let me update you on our progress with our cost structure initiatives. Last quarter, we announced that efforts were underway to bring our cost structure more in line with our long-term model. The team has initiated multiple actions, including a reduction in our workforce of approximately 500 positions, supply chain and procurement activities, as well as several facility consolidations and other cost saving measures. In the third quarter, these actions have resulted in pretax charges of $83 million, associated primarily with workforce reductions, inventory, facility and other asset write-downs.
We expect to have additional charges in the next several quarters primarily related to facilities and other asset write-downs. Our employees remain focused on executing our strategy to drive revenue growth and disciplined operational execution, and I would like to thank them for their hard work and ongoing commitment during this turbulent time.
Looking at our demand metrics for the quarter, the book-to-bill was greater than one, with product deferred revenue and product backlog increasing sequentially. Customer demand this quarter for T4000 and PTX reflected design wins with good adoption across all 3 geographies.
Total revenue was $1,118,000,000, an increase of 4% sequentially and 1% year-over-year. The sequential increase was due to growth in APAC and EMEA across both the Service Provider and Enterprise sectors. The year-over-year increase was due to U.S. Service Provider and International Enterprise growth.
For the third quarter, GAAP diluted earnings per share were $0.03. This reflected the impact of the charges I noted earlier, which totaled $0.16 per share. Non-GAAP diluted earnings per share were $0.22, up $0.03 sequentially and down $0.06 year-over-year. The sequential increase reflected our revenue growth and improved operational performance.
Now, let me provide some color on revenue by region, business segment and market. Americas revenue was down 5% sequentially and up 1% year-over-year. The sequential decrease was due primarily to U.S. Enterprise. The year-over-year increase reflected Service Provider growth, particularly in large U.S. carriers.
EMEA revenue was up 7% sequentially and 3% year-over-year. This increase over last quarter reflected improved Enterprise revenue and some new wins in Service Provider. While we did see revenue improvement this quarter, we still see a soft demand environment in the region.
APAC revenue was up 26% sequentially and down 1% year-over-year, with sequential increases in both Service Provider and Enterprise. We saw good growth across the region, particularly in China.
Now, let me review our revenue by segment. Platform Systems division revenue was $893 million, up 2% sequentially and 1% year-over-year. PSD router product revenue was $488 million, which was flat sequentially and down 7% year-over-year. Our new products continue to gain traction in the marketplace. We have seen good engagement in all 3 geographies on both T4000 and the PTX core products.
Year-over-year, we saw good growth from the MX products and as anticipated, the older products of M&E were the main reason for the year-over-year decline in routing. Total router product revenue, including both PSD and SSD, increased 2% sequentially to $514 million. Total switching product revenue increased 4% sequentially and 19% year-over-year to $146 million. We continue to take share with our portfolio of EX and QFabric switching products.
SSD revenue in the quarter was $225 million, up 11% sequentially and flat year-over-year. Total security product revenue was $178 million, up 12% sequentially and down 7% year-over-year. The sequential increase reflected gains across most product families.
High end SRX product revenue increased 18% sequentially and was down slightly year-over-year, reflecting Service Provider deployment timing. And we expect continued revenue fluctuations for this product. Branch SRX, which is reported as part of PSD, continues to make good progress with Enterprise customers and was up 7% sequentially and 2% year-over-year.
Looking more closely at the markets we address, Service Provider revenue was $705 million, up 4% sequentially and 3% year-over-year. The sequential growth was due to improved performance with large Service Providers globally and content service providers. Enterprise revenue was $413 million, up 5% sequentially and down 2% year-over-year. The increase was driven by new financial services and public sector account wins in EMEA and APAC. The year-over-year decline was due to lower revenue in the U.S. Federal and Financial Services sector compared to strong third quarter of last year.
Moving onto gross margins and operating expenses. Non-GAAP gross margins for the third quarter increased to 65.6% compared to 63.4% last quarter. While the sequential increase reflected our continued supply chain efficiency improvements, approximately 100 basis points of the increase was due to items, which we do not expect to recur.
Non-GAAP product gross margins were 66.8% versus 64.7% in the quarter. Non-GAAP services gross margins were 62.2%, up 2.8 points from the prior quarter, reflecting productivity improvement.
Non-GAAP operating expenses increased sequentially to $544 million due to the timing of additional prototype costs, annual employee merit awards and higher variable expenses.
Looking at headcount, we ended the quarter with 9,584 employees and this does not reflect the impact of our workforce reduction, which I discussed earlier.
Non-GAAP operating margin for the quarter was 16.9%. This sequential increase of 1.9 points was driven by higher revenue and gross margins, with operating expenses flat as a percentage of revenue. The GAAP tax rate was 56.7% for the quarter. This is up sequentially due primarily to the effect of the restructuring and other associated charges. The non-GAAP tax rate was 34.4%. This is higher than the prior quarter, primarily due to the geographic mix of income. And as a reminder, the tax rates reflect no renewal of the R&D tax credit.
Looking at the balance sheet, we ended the quarter with $3 billion of net cash and investments. Cash flow from operations was $173 million. DSO was a healthy 32 days in the quarter. Compared to the prior quarter, capital expenditures were down slightly and depreciation was up slightly. We continue to move ahead with our build out of our Sunnyvale Campus. This enables our facility consolidation. We repurchased 13.9 million shares for $250 million at an average price of $18. We have $818 million remaining on our current authorization, and we will calibrate our buybacks in future quarters with market conditions at the time. Based on current trends, we clearly recognize the opportunity to continue to do more.
Now, I will review our outlook for the fourth quarter. As a reminder, these metrics are provided on a non-GAAP basis, except for revenue and share count.
At this point, there is no evidence of any indication of a significant improvement in the spending environment over the next few quarters. We expect customers to remain cautious with their investment decisions. We are pleased with the progress towards the new product revenue goal that we discussed at FAM of an annualized $600 million run rate for our new products exiting Q4 of 2013.
As a company, we remain focused on driving revenue growth and disciplined operational execution. As an update on the cost reduction activities, we are on track to our cost savings goal. Since the end of the quarter, we have taken steps to reduce our workforce by approximately 500 positions. This essentially completes our planned workforce reduction. We have also made good progress on our supply chain and procurement activities, and we anticipate that the majority of the $150 million savings will be in operating expenses, and there will be some savings that will be realized in both product and services cost of goods sold. I'm pleased with the focus on efficiency within the company, and I'm confident that we will continue to make good progress towards our cost reduction objectives. For the fourth quarter, we expect revenues to range from $1,100,000,000 to $1,130,000,000. Gross margins are expected to be in the range of 63.5% to 64.5%.
Operating expenses are expected to be roughly flat with the third quarter. The benefit of our cost reduction activities will largely offset the typical sequential increase in OpEx in the fourth quarter. We expect operating margin to range from 14% to 16%. This is expected to result in a non-GAAP diluted EPS of between $0.19 and $0.22 per share assuming a flat share count a tax rate of 32% and assumes no renewal of the R&D tax credit.
In summary, we continue to drive improvements in our capital structure. We are driving top line revenue growth with our innovative products, and we are aligning our cost structure to sharpen our focus, enable agility and drive efficiencies.
Now I will hand it over to the operator for questions.
Question-and-Answer Session
[Operator Instructions] Our first question comes from the line of Rod Hall with JPMorgan.
Rod B. Hall - JP Morgan Chase & Co, Research Division
I just wanted to ask you a little bit about the revenues. The revenue report here in the quarter is pretty good, routing revenue is stable, yet you seem to be guiding for flattish revenues again next quarter, and I guess that implies pretty flat routing revenue. But I think the commentary, when you guys were talking about routing, suggests that things are getting a little bit better, you're starting to see the T4000 ramp. I just wanted to explore that a little bit because, clearly, in Q4, we normally would expect to see some seasonality even though the spending environment's weak. We ought to see some sort of pick up and just trying to understand whether you guys are discounting your sales funnel more aggressively because you think the environment has gotten more uncertain? Or are you just not seeing the sales funnel develop in the first place? Can you give us any more color on why you're giving us the kind of revenue guidance.
Robyn M. Denholm
Yes, thanks, Rod. In terms of the revenue guidance for the fourth quarter, our customers continue to be cautious in terms of their spending, but they're continuing. And clearly, what we take into account, when we're looking at our guidance for any period of time is we look at, not just the revenue for the quarter, but also our deferred revenue and our bookings in the quarter, as well as discussions with our customers, and we believe that over this next couple of quarters they will continue to be cautious in their spending pattern. And, Kevin, would you like to comment as well?
Kevin R. Johnson
Yes, thanks, Rod. I'll just add to Robyn's comments. In the U.S., I think we continue to see good demand from our service providers, and especially with the Tier 1 service providers were working with. Clearly, in the U.S., I think, this will be a year that we see a more typical first half versus second half capital expenditure plan, and we have to net that with the fact that we did have some large PTX projects that kicked off in the first half and how that balances. But in the U.S., we feel good. In Europe, I think there still some softness in Europe, and we're very cautious about the situation in Europe. In Asia Pacific, I would characterize this as stable. I think we had a good performance this quarter in China, and we'll stay focused on Asia. But we net that all together, and I think that came together in the guidance that we have for the quarter.
Our next question comes from line of Tal Liani with Bank of America Merrill Lynch.
Tal Liani - BofA Merrill Lynch, Research Division
I'm trying to understand the drivers for growth this quarter. Pretty good growth but it's kind of coming in the wrong places, in the sense that you had, going into this quarter, you had 3 new products, whether it's a PTX, the T and you also have a little bit older, but also newer Edge portfolio. And that's the flat part. And the growth part is in security, where you don't have actually new products. Same thing when it comes to geography. Europe, everyone else is reporting, on weakness in Europe, and you're showing very strong growth or relatively speaking, nice growth in Europe. So I'm trying to understand whether the growth we have seen this past quarter is related to spending or something you have done on your part getting to customers, specifically what have you done in Europe, et cetera, just to understand the trends.
Robyn M. Denholm
Thanks, Tal, I'll start and then I'll ask Kevin to come in as well. So if you look at -- the demand in the quarter is, obviously, a reflection of not just the revenue in the quarter but also the bookings and the deferred revenue in the quarter. And so to me, as we commented in the prepared remarks, we're seeing good demand for our core products, both in terms of PTX and, as Kevin mentioned, we had started to see the beginning of the upgrade cycle for the T4000 as well, which we are very pleased with. In terms of MX, you saw good sequential growth in that, and we're continuing to drive feature sets, not just on the MX itself but also in terms of the software that runs on top of the MX as well, and again Kevin mentioned that in terms of new product announcements that we've made as well. In security, it is -- on the Service Provider side, we continue to do well in terms of the demand environment out there. And that is what drove the sequential revenue growth, as we commented in the prepared remarks. Enterprise, we do believe we've stabilized. In terms of the demand environment, there's still work to be done there but that team is on top of that. So Kevin would you like to...
Kevin R. Johnson
Yes, I'll just add to Robyn's comments, Tal. I think if we look at MX, MX showed sequential and year-on-year growth. EX and QFabric showed sequential year-over-year growth. SRX showed sequential growth and flat year-on-year, and I think when we look at those combined with what we see happening with PTX and T, it gives us a positive sense on how product, value proposition of the product. When you look by sector, there's some variances there. Certainty the U.S., we're seeing stronger demand from service providers. When we look at the project, the project run rate and the set of projects that we're doing and that doesn't always translate to a specific revenue in that quarter, but the outlook on projects and the work that we're doing in the U.S., I would say, is positive. In Europe, we had a reasonable quarter on the Service Provider side, but we're very -- still a lot of softness, and we're very cautious on the outlook in Europe. In Asia Pacific, we had a good performance in China but were -- Asia Pacific, I would characterize this as very stable. On the Enterprise side, we saw good Enterprise performance in APAC and EMEA and some softness in the U.S. And the softness in the U.S. is primarily driven by Federal and Financial Services. So you net that together, I think, overall, when we look at product revenue and, as Robyn pointed out, backlog and deferred product revenue, we feel like we're making reasonable progress.
Tal Liani - BofA Merrill Lynch, Research Division
And maybe just one follow-up. If that's the case, why are you guiding so low? The quarter is great, and you're guiding much, I mean, lower than our expectations into a seasonally strong quarter. Why is there such conservatism?
Robyn M. Denholm
So, Tal, as I mentioned before, our customers continue to be cautious in terms of the near-term spending environment that they're actually participating in. We continue to have a good dialogue with customers around the world in terms of the product sets that we have. When we set our guidance, we take into account not only the revenue in the quarter, but also the bookings that we've received in the quarter and the deferred revenue. And now our point of view on the fourth quarter is that customers are going to continue to be cautious.
Our next question comes from the line of Brian Marshall with ISI Group.
Stephen Patel - ISI Group Inc., Research Division
This is Stephen Patel for Brian Marshall. What do you see as the catalyst that sort of flipped the switch with respect to service providers migrating en masse to your new product platforms, which possess significantly better cost and performance metrics? It seems like carriers, in general, will have to make the investment in light of these quarters and trying to identify the drivers of the migration. Appreciate your thoughts.
Kevin R. Johnson
Thanks for the question, Stephen. I'll take that one, Robyn. I think first of all, with the PTX and the T4000, as those products were released, certainly, customers go through the process of certification and testing them in their labs before they begin deployment. And I think we commented, we now have 15 customers of PTX who are in various stages of that process. On the T4000, there's a process they go through, where they -- first, they upgrade the T Series chassis to be able to handle T4000 line cards. And what we've seen thus far is some good progress on the chassis upgrades and, yet, I think there's still a wave of line card upgrades to come and that's a function of as customers look at their investment priorities and they look at the network -- how hot their network is running and where they need to deploy their capital. Certainty, we think we're positioned for that. And then the MX continues to be a very solid product across the dimensions, the wireless, the wireline and the business services that our customers deliver. So I don't think there's any one specific thing, but it's a wide range of things. And maybe, Stefan, I'll ask if there's any additional color you want to add for Stephen.
Stefan Dyckerhoff
Sure. I think what we're seeing here is kind of the continuation execution of a strategy that we had outlined. So when our customers look at making buying decisions, they look at really fundamentally 2 things: Total cost of ownership and then the ability to generate revenue from new services from the network on the service provider side. So from a total cost of ownership point of view, certainly with the PTX, that's a great way to simplify the network drive down both CapEx, in terms of cost per bit and power usage; and then OpEx, as you simplify. Very similar on the T4000, where we give you a very simple way to upgrade the existing infrastructure to get to a lower cost per bit. At the Edge network, it's a combination of 2 things. It really is total cost of ownership. So certainly, the MX enhancements that we outlined that are shipping next quarter with the MX2000 series, those drive down the total cost of ownership and also give the customer great investment protection story. But then on top of that, this is where service providers generate revenue. So the ability of Junos to evolve support the JunosV App engine so you can have multiple services at the edge of the network reduces the time it takes for service provider to generate revenue. So, those 2 things really drive adoption and, as always, the service providers have a long-term view of these architectural transitions.
Our next question comes from line of Ehud Gelblum with Morgan Stanley.
Ehud A. Gelblum - Morgan Stanley, Research Division
I actually have a litany of questions, so I'll try and put them all together. First of all, Robyn, can you give us a sense on the $150 million cost savings and the $600 million in new product revenue, both of which you plan to get to by the end of next year. Can you quantify those so we can actually track them each quarter? Are we on having taken care of $30 million of annualized cost savings and $165 million of the $600 million new product revenue, any sense you can give on that would be great. And then China being strong and Service Provider was interesting. Was that kind of a onetime deal or is that continuing thing? Is that a large deal that you won? Or is that may be a multi-quarter deal or is that something that you think is more continuous over time? And then finally, if you can give us any sense of about how large MX was, you said it was nice, it was good, just give us a sense of that.
Robyn M. Denholm
Thanks, Ehud. In terms of the revenue progress against the $150 million for the Q4 2013 exit point on $600 million annualized run rate, as I mentioned on the call, we're on track. We'll give you periodic updates in terms of where we are against that goal. And as we've mentioned before that is against all of the 5 new product areas that we talked about at FAM. In terms of the cost reduction activity, I am pleased where we are as well in terms of the cost reduction activity. We are on track to achieve the $150 million in terms of total cost reductions, both in terms of OpEx and COGS for next year. And we'll give you an update as to where we are against that as we move forward through the year.
Ehud A. Gelblum - Morgan Stanley, Research Division
Because I didn't get an answer, could I get -- could you give us a sense about the 100 bps of gross margin boost and where that came from?
Robyn M. Denholm
All right. So, in terms of the -- in the prepared remarks, I talked about 100 basis points of additional cost reduction in the quarter. So if I step back in terms of gross margins, we're pleased with performance in gross margins this quarter. We have seen some improvement in the quarter-over-quarter cost reduction and supply chain efficiencies that we're putting in place. What I also mentioned in the prepared remarks was we did see the onetime benefit of about 100 basis points that we don't expect to recur. And then there are credits and other things like that, that we saw in the quarter that, as I said, I don't expect to recur.
Stefan Dyckerhoff
This is Stefan, let me just briefly comment on the China Service Provider question that you had. I mean, traditionally, we've been strong in China, particularly in core routing with the major carriers. And this is really what we saw this quarter. They're running very large networks, experiencing very large growth and certainly the T Series benefited from that. And from that strength, we're obviously trying to break into other areas of the network, but that's really what drove the business in the near-term.
Ehud A. Gelblum - Morgan Stanley, Research Division
And it's sustainable going forward or it's not just a onetime?
Stefan Dyckerhoff
As always the SP business will be lumpy, right? But we feel good about our position in the architecture and as they see growth and they'll go through the investment cycles and we'll be able to benefit from that.
Ehud A. Gelblum - Morgan Stanley, Research Division
If I can squeeze in one last one, the gross margin guidance for Q4 is down, yet it seems that a lot of your high-growth -- high-margin businesses, especially T4000, are increasing. I mean even taking into account the 100 bps of onetime boost. Just wondering why the gross margin guidance is down for next quarter?
Robyn M. Denholm
Yes, as I mentioned previously, Ehud, the 100 basis points is onetime. If you take that out of the gross margin performance in the third quarter, it's pretty in line with that. And yes, we did see good performance in terms of mix in the third quarter as well. And so we expect that to continue in the fourth quarter.
Our next question comes from the line of Simona Jankowski with Goldman Sachs.
Simona Jankowski - Goldman Sachs Group Inc., Research Division
I just had a couple of questions on a couple of the different product cycles. First, starting with the T4000, can you just give us a sense of how we can think about the length of that replacement cycle, perhaps by looking back at the T1600, over how many quarters did you see a bulge in sales before you saw that flatten out or decline? And then secondly, as it pertains to the PTX you mentioned that you have now over 15 customers deploying the PTX. Out of those, how many do you think you could have otherwise addressed with a T4000. So this was maybe replacing your own opportunity versus how many do you think were incremental, I mean, might have been competing against and displacing an optical alternative? And just the third product I wanted to touch on was the SRX, where you talked about the 18% sequential increase for the Service Provider segment, can you just expand on what drove that and, again, how broad-based it is and how sustainable it is?
Stefan Dyckerhoff
Hi, Simona, this is Stefan. So let me comment on the first 2. On the T4000, we're happy with the uptake. I would say, in terms of a number of upgrades, it's very consistent to the kind of uptake that we see with the T1600. As customers are more careful about their spend, which we do see, they might upgrade the chassis first and plug in one of the new denser line cards and then hold off on upgrading the rest. So, we think that this cycle might take a little bit longer and be a little bit more sort of flatter in terms of the uptake just because of the spending environment. But overall, in terms of number of T4000s out there, number of customers that's qualified it, very much in line with the T1600 experience. And so this will evolve over multiple years, right? And that's what we saw with the T1600 as well. And as all always, our customers will sort of apply the quarter-to-quarter spending discipline to how they upgrade the infrastructure. On the PTX, we've really seen it play out to where this is complementary to the T4000 upgrade. There are a number of customers that have both T4000 and PTX and working on both. The PTX helps us redefine the architecture and helps us take share in the core [ph] , I think, as we see that play out. There is an opportunity to merge networks into one like we saw from Verizon last quarter. So these are the kinds of opportunities that will drive our growth going forward, and that opens up growth for us in those networks.
Robert L. Muglia
Hi, Simona, this is Bob Muglia. In terms of the SRX and the growth we saw quarter-to-quarter on that in Service Provider, what we're seeing is a wave of deployments around emerging wireless networks, predominantly LTE, which have higher bandwidth requirements which the SRX is particularly well-suited for. So we see that as an area where we have a very good market position. It is the Service Provider market. So like everything with service providers, it is lumpy. And so that means the performance could vary quarter-to-quarter, but we do see this as a long-term trend, in which we remain very well-positioned. You didn't ask specifically about the Enterprise, but I'll comment a little bit more on that, while I'm at it. As we've described before, we are in a position of really driving forward and reengaging in the Enterprise space. We've had some areas there where we've not been as strong as we'd like to be, particularly around things like manageability, and we have a very strong program to bring out a new product set to dramatically improve our manageability and security design product. We've had a great deal of engagement with customers of all types with this, with very positive feedback from all of them. We have a very significant release of that coming out later this quarter, as well as incremental updates of that in the first half of next year where we expect to be very well-positioned. The other thing I'll say overall is about our engagement with Enterprise is, is that we are telling and talking to them about an end-to-end integrated security strategy, which they find very, very important and that is enabling us to have a different level of engagement with these Enterprise customers. And that does not translate into revenue immediately, but it does provide a good long-term potential.
Our next question comes from the line of Jeff Kvaal with Barclays.
Jeffrey T. Kvaal - Barclays Capital, Research Division
This is a bigger picture question, perhaps. I think we've seen 3 -- 4 or 5 quarters in a row of either flat or down year-over-year growth. Kevin, you spoke in your intro script about returning to revenue growth next year. What are you seeing that gives you confidence in that? The carriers seem to have managed okay the last 6 quarters or so, why are you confident there's going to be revenue growth next year and should we be thinking about low single-digit revenue growth or upper-single digit? Any comments around that will be very helpful.
Kevin R. Johnson
Yes, thanks for the question, Jeff. The answer from my perspective at a high level is 2 things: Number one, I think it's clear that on the Service Provider side, networks are running hotter, especially when you look at some of the capital expenditures in Europe, as an example, and even through the first half of this calendar year, the addressable market for routing had declined by about 3 percentage points. Yet network traffic, I believe, continues to increase in many cases and putting pressure on, or increasing the utilization of these networks. So number one factor is networks running hotter, which means at some point investment cycles need to kick in. And number two, it's our product cycle. I think I look at routing specifically for service providers, when you look at from the core what we've done with PTX and T4000, to the Edge and aggregation to what we've done with MX from even with this new release of the MX2000 family and the software assets on top of the MX. And then all the way to the access layer with the ACX. I think we have got a very rich portfolio of technology and solutions that is differentiated from competition, and that, combined with the fact that networks are running hotter, I think, positions us well for the future. And your second part of your question is can you quantify that, and I'm hesitant to do that because much of that is going to depend on factors as we go into 2013 that are going to have to do with the macro and investment cycles. So I think consistent with the comments Robyn made at the Analyst Meeting. Look, it's our intent to really focus on how we can run this company in a way that we're able to grow faster than the addressable markets. And I think with the things we've done from an innovation standpoint, from a product standpoint, when it comes to routing, I think we're very well-positioned, certainly with switching and what we've done in QFabric, I think we've continued to take share, and we're well-positioned going forward and Bob's comments on security are consistent with the view that we've got a strong value proposition in Service Provider, and we've been taking actions over this last year to strengthen our hand in Enterprise. I feel like those are all the right set of things for us to be doing.
Our next question comes from the line of Ittai Kidron with Oppenheimer.
Ittai Kidron - Oppenheimer & Co. Inc., Research Division
A couple of questions for me. First of all, in the weakness in Enterprise in the U.S., you've mentioned financials in public, but can you be a little bit more specific on how execution was in the region, just to make sure that there isn't anything else out there. Many other companies have actually posted good public numbers this quarter. I'm just trying to understand why you don't. And second regarding your Switching business. Kevin, I believe that you mentioned that both EX and QFabric were up quarter-over-quarter. So 2 questions related to that, if that is correct, if I got that right, does that mean about your wireless business was actually down quarter-over-quarter? And second can you give us a little more color on the customer count on QFabric and how many of them are full architecture versus just top-of-rack?
Robyn M. Denholm
Yes, Ittai, so let me start off with the public sector and financial services. So as we commented earlier, we did see strength internationally, sequentially, with our public sector and financial services business. In the U.S., we did have a strong quarter last quarter in terms of public sector, that this quarter was okay from a public sector perspective, but obviously, it was down quarter-over-quarter. So it's a timing perspective. Our public sector team is absolutely fabulous and they're continuing to drive market share wins in the public sector in the areas that we focus on, particularly in the U.S. area. So I'm confident with what they're doing there. In terms of financial services, again, we had a stronger quarter last quarter. We did see that decline quarter-over-quarter in the U.S. As I mentioned in the prepared remarks, the international business in both of those areas did better this quarter.
Kevin R. Johnson
The only other thing I'd add to Robyn's comments is our business in public sector is really Federal, Federal Government. We're not in state and local governments as much as many others are. So certainly, Robyn's comments are accurate. But when you say public sector, really be thoughtful of Federal. And the second part of your question then was on our switching business, which the comment was, with our switching business, we look at EX and QFabric being up, your question was wireless down. The wireless was not down. Wireless was flattish though. It was flat to up but not as significant as the increase that we're seeing in the switching and QFabric. And I think that's reflective. We've got a very strong focus on data center scenarios and a great solution for the campus and branch as well. But Stefan, you want to add to that one?
Stefan Dyckerhoff
Yes, I think on the wireless side, this is also a function of where we are on the product portfolio. We recently introduced a sort of new access point, a sort of new management capabilities that's coming out later this year and early next year. And that really will be the key for us to drive forward. But as Kevin mentioned, it was flat to slightly up quarter-over-quarter. So we continue to invest in that business.
Kevin R. Johnson
And then the final question you had was related to QFabric. I'll just comment, this was a quarter with QFabric where we saw much more activity on the interconnect and the directors. The full QFabric systems that were connecting together many of the nodes whereas in prior quarters, we're seeing more of the activity on the nodes or the top-of-rack side. So I think I attribute much of that to the fact that the release of the QFabric M interconnect has enabled an entry point for customers now that are now doing more of those deployments. I don't have specific numbers, I apologize on that, but the way I would characterize an answer to your question was this quarter was much more about the full QFabric systems, where in prior quarters, I think there was a lot of groundwork laid for QFabric nodes that are now being connected together into the full data center solution.
Our next question comes from the line Mark Sue with RBC Capital Markets.
Mark Sue - RBC Capital Markets, LLC, Research Division
Kevin or Stefan, maybe just a thought on the need for the operators to upgrade their networks and where major carriers are with their utilization rates, and I ask because if I look at the performance improvements in your new products, your products get better every year and may now be exceeding network traffic growth. So can your product cycles actually extend the carrier investment cycles? We use the big spending flags every 4 years and we're wondering now if it goes to 5 or 6 years.
Kevin R. Johnson
Good question, Mark. I'll first comment then I'll hand over to Stefan. Look, the engineering work that we do and the innovation we drive is intended to continue to reduce the cost per bit of traffic carried through new innovation and technology in the silicon, in the systems, in the way that comes together with the software. So that's been true for the last 10 or 20 years, as we focused on continuing to innovate and drive down the cost per bit of traffic carried. The second part of your question then is, does that create value proposition for customers? I believe the answer is yes. And then certainly the third part is, if traffic -- if networks are -- if traffic isn't growing as rapidly and networks aren't running as hot, does that have implications in terms of the timing of investments? And certainly every network is different but it would have difference in timing. Customers are going to look to make -- to put their capital where it can make the most impact for them in their business and sometimes that's in the core, when the core gets running too hot. Sometimes that's in the edge. And as Stefan commented earlier on the edge of the network, it's not just about cost per bit carried but it's new services and the way they're monetizing those new services with their customers. So there's a variety of ways that we have to add value to our customers. So Stefan you want to add to that?
Stefan Dyckerhoff
Sure. I think from an overall demand picture, we still see -- when we talk to customers traffic increasing at a very good clip. And fundamentally, the growth of traffic, I mean, is still outstripping what Moore's Law gives you, right? So you how to really invest in the silicon, in the systems to keep up with that growth of traffic. And our customers always push us to build bigger and bigger systems to address this problem. In terms of how they run their networks, as Kevin mentioned, they upgrade their networks for multiple reasons in terms of how hot they run it, where they put capabilities in the network and they'll make those different trade-offs. But their fundamentally going to choose to upgrade if they can either reduce the total cost of ownership or generate new services in addition to the underlying demand curve that drives their business.
Robert L. Muglia
And if I could add one more thing to that, this is Bob Muglia. As we move forward, the opportunity for software is very, very significant in these networks and software is the component which will add significant value for our customers. And we've made some very significant announcements this last quarter in terms of the Universal Edge and the MX, in terms of our software portfolio. And that really is the beginning of what we'll be able to do in the months and years ahead to provide more value to our customers, more than just in terms of the performance that we can deliver, but in terms of their ability to monetize their networks.
Kathleen Nemeth
Operator, we have time for 1 for question.
Our last question comes from line of Brent Bracelin with Pacific Crest Securities.
Brent A. Bracelin - Pacific Crest Securities, Inc., Research Division
I wanted to go once more into kind of the growth drivers of the business. Obviously, 2 quarters in a row here, we saw 4% consequential rebound in the product revenue. And I think the really bigger question we're trying to ask here is, is this the beginning of a broader recovery where you're starting to see some of these operators that have run these networks hot for a while now, now look to upgrade or after kind of 2 years of revenue being in this $1 billion to $1.19 billion range for years now for Juniper, is this the new normal? And I was wondering if could give us sort of any sense of urgency that you've seen with customers around adding network capacity as you think about kind of the planning process that you're in right now, I imagine for next year. What's your general sense of your ability to capitalize on some of these network expansion plans, if there are any for these carriers over the next year or 2? And could you comment on your ability to kind of gain share. We really haven't seen an accelerated share gain out of Juniper over the last 2 years and just trying to rationalize the opportunity around is this a beginning of a bigger, broader recovery or is this the new normal we should expect for the next 2 years?
Kevin R. Johnson
Yes, let me comment briefly, Brent, and then I'll let Stefan add to it based on his observations. You used the word sense of urgency, do we see some certain of urgency on the spending pattern in service providers? I wouldn't characterize it as a sense of urgency. What I would characterize we are seeing is a very disciplined planning approach that is creating new projects and new need to do upgrades on networks. It's not a sense of urgency to react to adding capacity, but there's a lot of thoughtfulness and discipline in the planning and that planning results in very clear projects with very clear business objectives that customers are trying to achieve. And I feel like if I look over the last 6 months, I think we've secured a number of wins and commitments from these customers where we've competed for these projects, and we've been awarded these projects. Some of these projects have kicked off, some are going to kick off in 2013. But I think that is an indicator that there is clearly value in the investments that they're looking to make, those investments are aligned with key business outcomes they're looking to drive. And the technology footprint that we have and innovation we've delivered is aligning with their business need. I think that, combined with the product cycle that we're in, having strength with the T4000, PTX and the core routing footprint, strength in the Edge with what we've done with MX and expanding that systems platform along with the new software services that Bob highlighted, and then moving us even forward into the access layer, I think that makes us a more competitive, more relevant player that has a fuller portfolio to solve these problems. And so those 2 things, I think, are very positive indicators. Stefan, you want to add to that?
Stefan Dyckerhoff
Yes, maybe just to add a little bit from my many conversations with service providers, I think the one sense of urgency they feel is that they can't just build the network the same old way. So they are looking to reduce the total cost of ownership and their speed and cost to service by considering the right architectural transitions that they should make in the network. And that then coupled with what products can fulfill that, and certainly just like we saw on the MX a couple of years ago, we feel very good about those product cycles that are coming to market now. And that's always going to be a key driver for our business.
Kathleen Nemeth
Okay. We would like to thank everyone for joining us today. We do appreciate your time, and we look forward to speaking with you again next quarter. Thank you.
This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.
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Maks. liczba gości2
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Piętro(z windą)
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RegulaminStandard House Rules Apply
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subset: commoncrawl


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Discussion in 'Audio' started by jarheadk5, Sep 10, 2000.


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This review is from: Rosewill RX-358 V2 BLK - Black, 3.5" SATA to USB & eSATA External Enclosure with Internal 80 mm Fan
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You grill the tuna panga (jaw), turn tuna chunks into sinigang and make kinilaw with really fresh tuna. Now whip up Ginisang Bihod ng Tuna with tuna roe. Read more
Classic puto and cuchinta
Delicious puto and cuchinta for Noche Buena, anyone? Let Chef Jessie Sincioco show you how to make her best-selling kakanins. Read more
View all Pantry stories.
September 21, 2011
Text and photos by RU Navarro
Dressing up plain dishes can be exciting and challenging, like what the fairy godmother did to Cinderella. Tuyo (salted herring) and turon na saging na saba (plantain rolls) are just two of these. On native cuisine, it is typical to pair dry, salty tuyo with thick, creamy champorado and the sweet and salty duo is just delicious. Turon made of saba are coated with brown sugar, which are widely available from street vendors. Tuyo in olive oil are now common as canned goods and banana-que becomes a quick bite to stop hunger pangs and to boost instant energy. Two recipes here are edited versions that you will like to try and go on, let your taste buds discover a new taste from the revamped tuyo and turon.
What's not to like? The spicy herring in olive oil can give a subtle saltiness on both pasta and rice while the turon de pastillas can replace the simple—although already scrumptious turon that we all know for generations.
Spicy tuyo in olive oil
1 c extra virgin olive oil
10 pcs salted herring
1/2 c whole dried chili
5 cloves garlic, sliced
Fry salted herring in four tablespoon of olive oil. Remove head and scales then set aside. Use the remaining olive oil to brown garlic until crispy. Add the whole dried chili. In a jar, put the salted herring then pour the spiced olive oil. Can be used for pasta or fried rice.
Turon de pastillas
20 lumpia wrappers
5 plantains, cut into four
1 c condensed milk
1 c ground peanuts
Peel the plantains and cut each into four long strips. Roll each with the lumpia wrapper. Deep fry, strain, and set aside. In a saucer pot, simmer condensed milk to thick consistency. Add ground peanuts.
Cut turon into two and use pastillas as a dipping. Serve with vanilla ice cream or hot coffee.
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Looks really mouth watering!
Posted by Joy on Thursday, 09.22.11 @ 10:23am
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Yes, to all except the purse, earrings, and bracelet.
i like certain pieces, but not all together.
Yes, I'm not sure about the pants though. I love that top!
Not really
not the pants or top
yes yes yes to all of it
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13 Reasons Why Miami Heat Fans Are The Absolute Worst
Mike Ehrmann/Getty ImagesA bunch of Miami Heat fans left Game 6 of the NBA Finals last night with 30 seconds left in regulation.
They missed one of the all-time great finishes.
Miami fans are constantly doing things like this, and they take a ton of heat for it.


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As in certain cults it is possible to kill a process if you know its true name. -- Ken Thompson and Dennis M. Ritchie


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iHerb Commentaires des clients
Économie de: €19.12 (37 % de remise)
Great protein
Publié par Julia72 le Apr 24, 2014
I love this protein. It tastes great & fills me up. I add 1 packet of stevia & make it in the shaker with ice, water & almond milk. Perfect combo
No Dairy, No Problems!
Publié par Reviewer2142720 le Oct 23, 2014
If you're dairy/lactose intolerant this is the protein for you. Other protein mixtures have always caused me quick and painful gastric distress. This protein mixes pretty well, tastes decent enough and caused me absolutely no digestive issues. Highly recommended and will buy again!
Tastes awful
Publié par JustMe le Sep 06, 2016
I tried triple chocolate. The taste is like of a burned food... with cocoa! It is soluble enough with water or milk but needs some steering. Won't buy Paleo protein again :/
calidad regular
Publié par 4837654689680481443 le Dec 30, 2013
no mezcla bien
articles 1-4 sur 4


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This Heating Oil Boiler Less Coil features a high-efficiency Beckett burner and a cast-iron heat exchange for reliable performance in your home. It runs on heating oil and has an annual fuel utilization efficiency rating of 86%. The boiler features a dual-size viewing port and metal push nipples for convenience.
- Designed to be fueled by heating oil for effective operation
- High-efficiency Beckett burner for reliable performance
- Cast-iron heat exchanger for great performance
- Annual fuel utilization efficiency rating of 86%
- Metal push nipples for your convenience
- Dual-size viewing port
- Coil not included; domestic hot water is provided by an indirect or separate water heater
- Will do up to 225 ft. of baseboard


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In town for the International Aids Conference? A hotel continental breakfast won't cut it for a long day at the Convention Center. Here are some cool places to find coffee and a hearty breakfast, or get in a working lunch during the day.
This cozy Ninth Street cafe opts for Illy coffee and simple, sandwiches -- and it's a stone's throw from the Convention Center.
One of the city's most innovative sandwich shops, Sundevich serves such offerings as the Zurich, with arugula, gruyere, apple compote, eggs; or the Shiraz, with beef tongue and a hearty serving of the restaurant's tart pickled vegetables. Note: The restaurant opens at noon.
This location of the homegrown chainlet serves all the faves -- from espresso drinks to eggs and waffles and sandwiches such as the amazing vegan tempeh sandwich -- all a short walk from the center. The restaurant should be a good option for breakfast and lunch.
This attractive and sprawling Korean restaurant just a few blocks from the center offers the classics, from bibimbap to bulgogi, with offerings for vegetarians, too, and opens at 11 a.m. for lunch. Don't miss the crispy veggie mandu. If you can't make it for lunch, Mandu also boasts one of our fave happy hours, with specials on appetizers and sojutinis for a steal.
This chain serves something for every appetite and can happily accommodate big groups without the usual splitting-the-check headache -- everyone just pays when they order. Stick with the spicy flame-grilled chicken, or vegetarians can nosh on a portobello sandwich with halloumi, and a slew of unconventional sides.
Just a few blocks from the Convention Center is one of Washington's dining gems, the Greek-inspired small plates temple Zaytinya. At lunch, the restaurant offers a variety of sandwiches (inlcuding a falafel burger) or, if you have time and the inclination, a price-fixed four-course meal. Reservations at the popular restaurant are a good idea.
Looking for a quick mid-day pick-me-up? Skip Starbucks and head to Chatman's D'Vine, which serves up one of the best slices of sweet potato pie in town (or cheesecake, or cupcakes...). Be sure to wash it down with coffee. The bakery is closed Mondays, but open from 3 p.m.-8 p.m. most days.
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Entropye... wrote:The temperature is dropping below freezing and it´s snowing over much of northern Japan where the earthquake and tsunami damage is the worst. This is very bad for people still trapped under the rubble and those left homeless.
kymidwife wrote:Just a word of caution to add to the gloom of this disaster... investigate the legitimacy of charities before donating. Huckabee Report today said over 400 fraudulent charities for this disaster have already been shut down. FBI has issued similar warnings.
Japan Nuclear Update - British Embassy
by Paul Atkinson on Tuesday, March 15, 2011 at 2:55am
I have just returned from a conference call held at the British Embassy in Tokyo. The call was concerning the nuclear issue in Japan. The chief spokesman was Sir. John Beddington, Chief Scientific Adviser to the UK Government, and he was joined by a number of qualified nuclear experts based in the UK. Their assessment of the current situation in Japan is as follows:
* In case of a 'reasonable worst case scenario' (defined as total meltdown of one reactor with subsequent radioactive explosion) an exclusion zone of 30 km would be the maximum required to avoid affecting peoples' health. Even in a worse situation (loss of two or more reactors) it is unlikely that the damage would be significantly more than that caused by the loss of a single reactor.
* The current 20km exclusion zone is appropriate for the levels of radiation/risk currently experienced, and if the pouring of sea water can be maintained to cool the reactors, the likelihood of a major incident should be avoided. A further large quake with tsunami could lead to the suspension of the current cooling operations, leading to the above scenario.
* The bottom line is that these experts do not see there being a possibility of a health problem for residents in Tokyo. The radiation levels would need to be hundreds of times higher than current to cause the possibility for health issues, and that, in their opinion, is not going to happen (they were talking minimum levels affecting pregnant women and children - for normal adults the levels would need to be much higher still).
* The experts do not consider the wind direction to be material. They say Tokyo is too far away to be materially affected.
* If the pouring of water can be maintained the situation should be much improved in time, as the reactors' cores cool down.
* Information being provided by Japanese authorities is being independently monitored by a number of organizations and is deemed to be accurate, as far as measures of radioactivity levels are concerned.
* This is a very different situation from Chernobyl, where the reactor went into meltdown and the encasement, which exploded, was left to burn for weeks without any control. Even with Chernobyl, an exclusion zone of 30 km would have been adequate to protect human health. The problem was that most people became sick from eating contaminated food, crops, milk and water in the region for years afterward, as no attempt was made to measure radioactivity levels in the food supply at that time or warn people of the dangers. The secrecy over the Chernobyl explosion is in contrast to the very public coverage of the Fukushima crisis.
* The Head of the British School asked if the school should remain closed. The answer was there is no need to close the school due to fears of radiation. There may well be other reasons - structural damage or possible new quakes - but the radiation fear is not supported by scientific measures, even for children.
* Regarding Iodine supplementation, the experts said this was only necessary for those who had inhaled quantities of radiation (those in the exclusion zone or workers on the site) or through consumption of contaminated food/water supplies. Long term consumption of iodine is, in any case, not healthy.
The discussion was surprisingly frank and to the point. The conclusion of the experts is that the damage caused by the earthquake and tsunami, as well as the subsequent aftershocks, was much more of an issue than the fear of radiation sickness from the nuclear plants.
Let's hope the experts are right!


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as a Last Name
- 179,858
- people in the U.S. have this name View Palmer on Whitepages
Meaning & Origins
English: from Middle English, Old French palmer, paumer (from palme, paume 'palm tree', Latin palma), a nickname for someone who had been on a pilgrimage to the Holy Land. Such pilgrims generally brought back a palm branch as proof that they had actually made the journey, but there was a vigorous trade in false souvenirs, and the term also came to be applied to a cleric who sold indulgences.
|158th in the U.S.
Nicknames & variations
Quick facts
- Tens of Thousands
- of people in the U.S have this name
- 179,858
- to be exact
- Utah
- has the most people named Palmer per capita


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6 Comments
sez_bentley Human
Come on people vote for this design. I want to rep 1 of these shirts
cool character! +1
I uploaded a design so please have a look and if you like it, vote it!
sez_bentley Human
fuck. i love this one too.
awesome work bro
Matt-ate-u Artist
Haha well thank your very much mr_sky! :)
Matt-ate-u Artist
Wow this tee shirt must suck.
crazy Accordion Jones


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Is there ever a time when life is just normal?
View Single Post
Senior Member
Join Date: Mar 2010
Posts: 145
The other posts offer some good perspectives.
The sexual aspect might be a place you could benefit from the insights of a good therapist? It sounds like there are unresolved traumas there which might be causing you pain and anxiety. An internet forum isn't the place to talk about those, but therapy is.
Personal growth is beautiful, and new relationships can be a wonderful catalyst for growth. But a person can't grow in a particular direction until they're ready -- it will only happen when it
happen. When the psychological path becomes open.
I'm a little concerned because what you write seems to carry lots of anxiety and dread associated with being sexually active. I might guess that if you force yourself into poly relationships without addressing that -- without opening the psychological path -- then you will have to suppress your fears and eventually they'll burst out in some potentially frightening and destructive way.
That's just guesswork on my part! I ain't no psychologist. Talk to a professional about this if you can. (Maybe you already have?) The right person can give you great insights into what is going on in your mind.
Good luck!
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The Co-operative Party
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020 73674150
For urgent media enquiries only contact
The Eastern Region Co-operative Party is hosting an event in Stevenage on the theme of the International Year of Co-operatives on Saturday, 16 June 2012.
Full details of the event are below. Following the event there will be a reception with Fairtrade wine.
The event is £5. To book, please email Robin Cherney on firstname.lastname@example.com before the 1st June, including any dietary requirements and mobility issues. The venue is DDA compliant.
Meeting Chair: Cllr Chris Fegan, Chair of ERCP
11.00 – 11.30: Registration & Tea/Coffee
11.30: Paul Cranfield, Regional Secretary of the Co-operative Group:
International Year of Co-operatives
12.30 – 13.15: Lunch
13.15: Stan Newens, Chair, Labour Heritage:
Robert Owen and the Founding of the Co-operative Movement
14.00: David Evans, Chair of the Co-operative Enterprise Hub:
How does the Co-operative Enterprise Hub help new co-operatives to get off the ground and grow?
14:50: Gavin Shuker MP
How can the Tory Party pretend to be co-operators?
15:30: Kelvin Hopkins MP
Following the 2008 Crash – the Relevance of Co-operatives Today
16:10: Questions and discussion
This half-day conference concludes with Fairtrade wine and soft drinks and a chance to socialise from 4.30-5.30. Admission is £5.00.
Promoted by Claire McCarthy on behalf of the Co-operative Party, both at 65 St John Street, London EC1M 4AN.
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text: The House has adopted an $858 billion tax package negotiated between President Barack Obama and congressional Republicans, sending the measure to the White House for Obama's signature. The measure includes a two-year extension of Bush-era tax cuts for all income groups, a one-year cut in Social Security payroll taxes and a 13-month extension of unemployment benefits. Last-minute amendments aimed at scaling back tax breaks for the wealthy were defeated before the final vote.


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12 posts tagged with privacy by mathowie.
Displaying 1 through 12 of 12.
D to the N to A
DNA: frightening government privacy invasion tool of tomorrow or beautiful source of personal art today?
Blogging unanonymously
Domains by Proxy is a fairly popular service run by GoDaddy that aims to protect your personal info from whois requests. The domains by proxy homepage has links to law enforcement and civil subpoena policies, making it sound like you actually have to do something deemed illegal by a judge or officer to get outed. One blogger found out something as simple as a letter from a local lawyer was enough to reveal all his personal details in a whois request, without ever being notified beforehand. Might be worth reading up on EFF's guide to anon blogging if you ever start a whistleblower site.
Freaky cool or just freaky?
Google Maps now does satellite images which is pretty cool (zoom all the way in), and what everyone predicted they would do with the Keyhole software company they bought. The part that freaks me out is finding my own house with my own car in the driveway, taken last fall (by the looks of construction in the neighborhood). I guess it's time for all of us to have our Streisand moment and wonder when satellite imagery has gotten too good. [via]
The ACLU wants to protect your privacy
The ACLU wants to protect your privacy from government electronic surveillance programs like Echelon and Carnivore. Their full page ad in today's NYT claims 4th amendment rights are being violated by the US government, which is overstepping their bounds, and nearly free of up-to-date laws. Is it to late or can anything be done to protect civilian electronic communication?
Do you use Hotmail for email? If so, it looks like Microsoft owns all your messages and can reprint or repurpose them however they like. I'd assume the ToS could be extended to cover any content on a passport-using website as well. Scary stuff, considering all the Hailstorm services on the way...
FTC ends investigation of DoubleClick
FTC ends investigation of DoubleClick and finds no evidence of wrongdoing. I don't know about you, but I feel cheated. Don't forget to opt out of their cookie-bending racket.
Western Union's site
Western Union's site is down, as hackers have accessed their "secure" database. Western Union's only suggestion so far is to tell all customers to cancel their credit card accounts. Is anything really secure on the internet? Do you trust amazon to hold your credit card numbers, Wells Fargo to keep your checking account private, and Kozmo employees not to pilfer your credit card numbers for fun?
SiegeSoft is a company that makes an anonymous web browser for surfing sites without getting any cookies, without recording your IP address, and without leaving a trace of where you went on your browser. I don't know how much use this would be (besides, say, looking at porn sites at work or something), but the most amazing part of this is the programming was done by 15-year old and 16-year old kids, who are now worth at least $750,000.
So a few days ago, I went off on some resume sites going out and pilfering my resume off my personal site. Well, I opted out of passportaccess.com, and here is their response. My favorite part: "Once you post your resume or any sort of material on the internet it becomes public information and therefore, can be spread from site to site very quickly." Uh, excuse me? Since when did "public information" equal "copyright-free and we can do anything we want with it?"
If you use AltaVista's yellowpage listings, you may be letting Alexa know exactly where you live, where you're planning on flying, and who you talk to on the phone. This is so far beyond a simple breach of privacy. This is insane.
Mobiltrak is a company that can monitor what radio stations people are listening to in their cars. Privacy advocates say they're against this because the monitoring takes place without anyone's consent or knowledge, but I think they just don't want people knowing they really love Britney Spears and the Backstreet Boys.
Danger Will Robinson, Real knows what music you listen to!
Danger Will Robinson, Real knows what music you listen to! If you've ever used Real Jukebox, check out this article. Apparently, the client uploads your listening and recording choices along with your IDENTITY to RealNetwork's servers. Real knows every CD you've encoded and every file you've played. RealNetworks = Big Brother.
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