Cisco Systems sales up, earnings down

first_img “We are especially pleased with the improving business momentum in the U.S. and Asia Pacific, the strength of our product families and the accelerated growth of the commercial marketplace,” he said. The results were announced after financial markets closed. Earlier, shares of Cisco finished at $17.75, down 11 cents, on the Nasdaq Stock Market. In the after-hours session, they gained 45 cents, or 2.5 percent. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week Excluding one-time items, Cisco earned $1.6 billion, or 25 cents per share, compared with $1.5 billion, or 21 cents per share for the first quarter of fiscal 2005. Analysts were expecting Cisco to earn 24 cents per share on sales of $6.58 billion, according to a survey by Thomson Financial. John Chambers, Cisco’s chief executive, said the quarter was strong despite the stock-options expense. He credited strong demand by customers who are not only buying traditional routers and switches but coupling them with more advanced technologies such as Internet telephones and wireless devices. “Cisco’s long-term product architecture strategy is taking hold,” he said. Chambers also said the company experienced “balanced execution” across most geographies, market segments and product categories. SAN JOSE – Cisco Systems Inc. posted lower fiscal first-quarter earnings but higher sales Wednesday after the network equipment maker was required to take into account the expense of employee stock options for the first time. San Jose-based Cisco, which with other Silicon Valley companies lost a multiyear fight against expensing options, said its profits would have grown over last year without the $228 million charge that was required by a Financial Standards Accounting Board decision. For the three months ended Oct. 29, Cisco earned $1.26 billion, or 20 cents per share, compared with $1.4 billion, or 21 cents per share, in the first quarter of 2005. Sales jumped 10 percent, to $6.55 billion from $5.97 billion. If the stock-option expensing rule had been in effect last year, the company said it would have posted earnings of $1.12 billion, or 17 cents per share, in that period. last_img read more

Humboldt Crabs kick off 75th baseball season Friday

first_imgThe Humboldt Crabs open their 75th season of baseball Friday night and the 2019 schedule features all the usual suspects — including a couple of series against the PUF Caps, a matchup which created some of the most memorable games of last season — and for the first time ever, an away game at the Humboldt B52s.The Crabs, which remain the oldest, continuously-operated, collegiate, independent, wood-bat summer baseball team in the country, will play 49 games this summer after going 37-10 last …last_img read more

Raiders’ Derek Carr finds comfort level while on the move

first_imgALAMEDA — Since the day he arrived, Raiders coach Jon Gruden, and by extension offensive coordinator Greg Olson, have told Derek Carr he needs to play quarterback almost as much as his legs as he does with his right arm.Not that Carr will be doing any Lamar Jackson impersonations any time soon. Nor will he ever rush for 529 yards in a season like Rich Gannon did under Gruden in 2000.But with the second half of the season starting Thursday night for the Raiders (4-4) against the Los Angeles …last_img read more

Fixed investment outlook positive

first_img3 February 2006Fixed investment activity in South Africa has accelerated sharply over the past three years, with growth rates approaching levels last seen a decade ago, according to Nedbank’s latest report on capital expenditure in the country.According to the report, fixed investment in SA has now been growing for 22 consecutive quarters, with impressive growth rates of 8.3% in 2003 and 8.8% in 2004 carrying over into 2005 – and could grow by over 10% a year over the next five years.This has helped to take fixed investment as a percentage of gross domestic product (GDP) in South Africa up to 16.5% in 2004 from 15.1% in 2000.While this investment-to-GDP ratio still lags the 20% and higher levels seen in high-growth developing countries, “there is increased optimism that the current investment boom will be sustained over the longer term,” Nedbank senior economist Nicky Weimar said in a report highlighting the findings of the recently updated Nedbank Capital Expenditure Project Listing.New capital projectsFixed capital formation appears set to grow at a rapid pace over the next two to five years, Weimar said.“Nedbank’s project listing shows a sharp increase in new capital expenditure plans in 2005 which, coupled with the massive infrastructure projects announced in 2004, should produce strong growth rates in overall investment activity over the next few years.”Weimar said the 2010 Football World Cup was a major influence on capital expenditure plans, but that there was also a general rise in new projects in the manufacturing and mining sectors.“This suggests that confidence in the economy has improved and that businesses remain determined to maintain and expand their penetration of export markets,” she said.Nedbank’s listing shows that 106 new projects worth around R166-billion were announced in 2005, compared with 64 new projects worth R60-billion in 2004. (The 2004 figure excludes the government’s announcement of a major infrastructure upgrade drive, including the R40-billion and R95-billion plans of state companies Transnet and Eskom.)The listing comprises capital projects valued at over R20-million that lead to an expansion in output rather than just a replacement or upgrade of existing capacity.ManufacturingThe bulk of new projects announced in 2005 came from South Africa’s private sector (projects worth around R134.9-billion), with the manufacturing sector recovering strongly (projects worth around R68.2-billion).According to Weimar, many industries in the country plan to expand capacity on growing expectations of rising building and construction activity ahead of the 2010 World Cup and on hopes of continued strong global demand for commodities.Five big projects announced in the basic iron and steel industry in 2005 were:Mittal Steel’s R8-billion expansion and upgrade of its Vanderbijlpark, Newcastle and Saldanha steel plants.The IDC’s R3.3-billion titanium project.Highveld Steel and Vanadium’s R1.6-billion upgrade of its Witbank plant.International Ferro Metals’ R1.4-billion plan to construct a ferrochrome smelter near Buffelsfontein in North West province.Tata Steel’s R650-million plan to construct a high-carbon ferrochrome smelter in Richards Bay.Cement and building suppliesSouth Africa’s cement and building supplies industries have also started to gear up for the expected construction boom, with new projects worth around R4-billion announced in 2005. These include:PPC’s R1.3-billion expansion of its Dwaalboom cement factory in Limpopo province.Lafarge’s R1-billion expansion at its Lichtenburg cement works.The PG Group’s plans to construct a new glass manufacturing plant in Springs and upgrade its plants in Port Elizabeth and Garankuwa near Pretoria.Vehicle manufacturingMotor vehicle manufacturers in South Africa remained aggressive investors in 2005, according to Nedbank’s listing, with confidence levels high despite uncertainty over the future of the state’s Motor Industry Development plan.Projects worth around R7-billion were announced in 2005, with DaimlerChrysler, General Motors, Toyota and Volkswagen either improving flexibility of operations or expanding capacity to produce new models for both the domestic and export markets.MiningSouth Africa’s mining sector was also prominent among the new projects in Nedbank’s listing, with around R32-billion worth of investments planned for the next five years. While the platinum mining industry again featured strongly, the new projects were spread more evenly and capital expenditure plans in the gold and iron ore mining industries increased sharply in 2005.Gold mining projects included:Harmony Gold’s R600-million Elandsrand project to exploit a potential 9.8-million ounces of reserves.DRD’s ambitious R8-billion Argonaut Project to extend the Central Rand Goldfields.Gold Fields’ R1.8-billion Driefontein depth-extension project.Two iron ore mining projects were announced: Kumba Resources’ R3-billion expansion of its Sishen operations, and a R1-billion development of a new open-pit mine in the Kgalagadi region of the Northern Cape.Government projectsNedbank’s listing shows a strong rise in government plans, with 10 new projects worth R17.5-billion announced in 2005 – mostly infrastructure upgrades and expansions ahead of the 2010 World Cup, but also to address anticipated future infrastructural bottlenecks.The focus of these plans is on upgrading areas around major sporting venues and tourist attractions, as well as on expanding water and road infrastructure.The Airports Company South Africa is also busy preparing for 2010, with the announcement in 2005 of R3.4-billion worth of expansions to both the domestic and international terminals at the Johannesburg and Cape Town airports.However, capital expenditure plans by state companies declined sharply in 2005, coming as they were off a very high base.“However, actual investment spending by public corporations should remain strong during the next five years as Transnet and Eskom start to roll out their massive R135-billion expansion programme,” Weimar said.Much depends on government deliveryFixed capital formation in South Africa appears set to grow at a rapid pace over the next two to five years, Weimar concluded.“However, much will depend on the public service’s ability to deliver on the ambitious plans set out for general government, Eskom and Transnet.“The political will and urgency appear to be in place, but real constraints remain in the form of severe shortages of skilled labour and project expertise.“If these challenges can be overcome, if the manufacturing sector is able to withstand the effects of the strong rand, and if conditions for external financing remain favourable, growth in fixed investment of over 10% per annum seems achievable over the next five years.”SouthAfrica.info reporterlast_img read more

Shamwari bags two top accolades

first_img“The Shamwari Game Reserve team has set out to continuously elevate the guest experience at the game reserve, creating new benchmarks in delivering complete wildlife and hospitality offerings to our guest and travel industry colleagues.” The World Travel Awards, hailed as the “travel industry’s equivalent to the Oscars” by the Wall Street Journal, are described as “the most comprehensive and the most prestigious awards program in the global travel industry” by numerous media reports. “The challenges of green tourism are the responsibility of every company, organization and individual working in travel and tourism today,” said World Travel Awards chairman Graham Cooke. “Unless we play our part now, there is no denying that we will all be held accountable by future generations.” Setting benchmarks In addition, the first World Travel Green Awards were also held in the Caribbean, with Shamwari being voted as the World’s Leading Conservation Company for 2008. Wilson added that Shamwari would continue to maintain the highest regard for the environment, whilst remaining at the forefront of conservation and hospitality in Africa. SAinfo reporter “The survey is truly global in scale, independent and accountable,” said Cooke. “To be awarded the ‘World’s Leading Safari and Game Reserve’ for an eleventh consecutive year and the Green Award acknowledgement is an outstanding achievement,” James Wilson, CEO of Dubai World Africa, a major shareholder of Shamwari, said in a statement this week. South Africa’s Shamwari Game Reserve is in the spotlight again following this year’s World Travel Awards, held in the Turks and Caicos Islands earlier this month, after it was chosen as the World’s Leading Safari & Game Reserve. “Our goal is to continuously set ecological standards and benchmarks in the green tourism industry of South Africa.” Thousands of travel agents and industry members from around the globe vote for winners of the World Travel Awards, which was launched in 1993 to celebrate excellence in the World’s travel and tourism industry. ‘Travel industry Oscars’ 22 December 2008 The nominations of the first World Travel Green Awards were announced at a ceremony held in Popard, Slovakia in October, when 90 organizations were nominated for the global categories of the first World Travel Green Awards. “We are proud of the achievements and commitment made by all and will continue to promote ecologically sensitive tourism and support the local environments through community development projects and conservation of natural and human resources,” said Adrian Gardiner, CEO of the Mantis Group, which owns Shamwari. Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

NAB 2019: What We Saw at the Blackmagic Design Booth

first_imgOur team in Las Vegas at NAB 2019 hit the showroom and reported back on everything they found at the Blackmagic Design booth.The PremiumBeat team (except for me because nobody likes me) is terrorizing NAB right now, talking and meeting with creators, checking out all the new gear announcements from companies like Blackmagic, Aputure, Sony, etc. So, Todd Blankenship just sent over a giant picture dump of what he saw at the Blackmagic Booth. It’s a lot. Between the URSA Mini Pro 4.6K G2 and Blackmagic RAW, it’s been a stacked couple of weeks for the company.Today Blackmagic also announced their impressive update to Resolve 16, with its own “Object Removal” — as well as their new keyboard.So, as Todd and Robbie met with Blackmagic, specifically with Bob Caniglia, they got their hands on some of the gear and took a look at the new updates to Resolve. Here are some of their thoughts.Blackmagic Pocket Cinema Camera 4K (with New Battery Grip)The new battery grip uses Sony L batteries, and each L battery is supposed to give the shooter two hours of runtime, which as Todd points out  “Should give you up to four times as much battery life as the Canon LP-E6 batteries.” He goes on to describe the grip attachment.They built the Pocket Cinema Camera with a removable door on purpose for advancements like these. Overall, the grip feels nice and solid, and most importantly, it doesn’t inhibit the use of the camera in any way. It almost gives it the look and feel of a DSLR with a similar battery gripURSA Mini Pro 4.6K G2Todd shoots with an URSA Mini Pro, so the look and feel of the new camera was no surprise for him. This is a good thing, though. With a camera as powerful as this, the updates just take it to the next level. Trust me: I saw how happy Todd was when the camera was announced.Looks and feels just like the URSA Mini Pro, except with the new features.The New Editing KeyboardWhile Todd and Robbie were at the booth, they spoke with Bob about the keyboard and why it’s worth the steep $1,000 price tag. Bob explained:You can do a lot more with it than you’d think — it’s about learning how to use it, and then convincing yourself that you don’t ever need to use the mouse.Todd had some thoughts as well, as he was able to try out the keyboard in Resolve.There are a lot of tie-ins to a linear tape-based workflow. In some ways it’s an homage to the old editing controls from the tape-based days. The replaceable key caps have a responsive feel. There’s also a really dope jog wheel that can switch between shuttle, jog, and scroll — this is a classic, responsive system that will have you editing faster and more intuitively.The keyboard will be released in August and is officially priced at $995.DaVinci Resolve 16One of the standout features of the update was the focus on expediting the editing process with Resolve’s new “Cut Page.” Todd shared some thoughts and impressions:It’s a new workflow for making edits that will work great with the new keyboard and is intended in every way to make edits faster and more intuitive.One feature they’ve added is the ability to remove pages you don’t use from the interface — that way you can use the software how you want to use it. If you’re just a colorist, you don’t have to worry about the edit or cut page. You can just hide it.To me, it sounds like all the major NLEs are focusing on customizable UI and listening to user feedback. Giving the editors more options for their workflow experience seems to be paying off in a big way.The whole thing was about preserving the previous workflow while adding new ways to use the software — which is why I love Blackmagic — they want you to use their products how you want to use them.As for Fusion 16, Resolve is still working on fine-tuning the relatively new effects-based software that’s meant to be their answer to After Effects.Fusion 16 is working toward getting it completely worked into DaVinci in the future, but for now there is still a stand-alone version, but with each version of DaVinci, they are finding ways to incorporate more features into the software.The week has just begun, so be sure to check back in on our boys to see what they thought about all the newest releases.Looking for more on film and video production? Check out these articles.NAB 2019: DaVinci Resolve 16 — What’s New and UpdatedNAB 2019: Blackmagic Design Announces New Battery Grip for the BMPCC4KNAB 2019: SmallHD Announces Their Camera-Controlled 7″ MonitorNAB 2019: Sony Announces the Latest 4K Broadcast BeastNAB 2019: AVID Announces Stellar New Media Composerlast_img read more

Despite Game 1 beating, CEU Scorpions ‘won’t quit’

first_imgCEU coach Yong Garcia. Photo by Tristan Tamayo/ INQUIRER.netCentro Escolar University coach Yong Garcia was left with no words after his side absorbed a 78-56 beatdown against Cignal HD in Game 1 of the 2017 PBA D-League Foundation Cup Finals on Tuesday.With the Hawkeyes firing in all cylinders and going on a 24-6 opening assault, the Scorpions failed to keep up and suffered the 22-point humiliation to go down 0-1 in the best-of-three championship series.ADVERTISEMENT Pagasa: Storm intensifies as it nears PAR MOST READ JK Casiño. Photo by Tristan Tamayo/ INQUIRER.netCasiño acknowledged that the Hawkeyes did a good job on containing the Scorpions, saying, “They were able to adjust on our plays and our individual tendencies. All of our shooters were shooting blanks.”But the veteran playmaker shared that the bad showing only motivated three guards to rebound stronger for Game 2.“We want to make an impact all the way. From the start, we have no expectations. Now that we’re here, we’re going all out. We want to make a statement that even though we’re not in the UAAP or the NCAA, we can still make an impact in Philippine basketball,” Casiño said.And Garcia vows that CEU will leave everything in the table on Thursday.“We won’t quit,” the coach said.ADVERTISEMENT On Basketball: Kyrie gets a new address, but Cavs win trade Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Robredo should’ve resigned as drug czar after lack of trust issue – Panelo LATEST STORIES NATO’s aging eye in the sky to get a last overhaul Trump signs bills in support of Hong Kong protesterscenter_img Celebrity chef Gary Rhodes dies at 59 with wife by his side Lacson: SEA Games fund put in foundation like ‘Napoles case’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Sports Related Videospowered by AdSparcRead Next “It’s so hard to win if we shoot the way we did, just 26-percent,” the mentor said in Filipino after CEU’s paltry 21-of-82 shooting from the field.Cignal’s defense was on point all game long, caging the Scorpions’ trifecta of guards in JK Casiño, Aaron Jeruta, and Orlan Wamar to a measly three points on a combined 1-of-26 shooting.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingGarcia said that the off-game from the trio should serve as a lesson as CEU seeks to bounce back and force a winner-take-all Game 3 on Thursday.“I told them that sometimes, they need to play decoy. They should know when to attack and when to pass up the ball. We got lots of forced shots earlier,” he said. Don’t miss out on the latest news and information. View commentslast_img read more

DeGrom, Mets Stomp O’s, 5-1

first_imgTweetPinShare0 Shares NEW YORK — Ubaldo Jimenez thinks the Baltimore Orioles’ offense is just fine. It was the New York Mets’ pitching that was the problem in this two-game series.Jacob deGrom followed Bartolo Colon with an outstanding outing of his own and Dilson Herrera homered among three hits as New York won its eighth straight over Baltimore, 5-1 on May 6.“We faced two really good pitchers here,” Jimenez said after the Orioles outhit the Mets 9-7. “The first is a guy in his 40s who has really honed his craft, then we get a talented young guy who has really good stuff and goes after it.”Colon took a shutout into the eighth inning May 4. DeGrom (3-3) struck out nine, yielding six hits and a run after allowing at least five runs in consecutive starts for the first time in his career.“He’s a guy that used all his pitches,” Manager Terry Collins said of deGrom. “We wanted him to re-establish that.”Jimenez (2-2), on the other hand, wasn’t at his best. Entering with a 1.59 ERA, the right-hander allowed six hits and three runs in only four innings.He walked two in the second when Herrera had an RBI single and allowed a homer and sacrifice fly to Curtis Granderson.“Every time you start walking guys, you’re always going to pay for that,” Jimenez said. “I did not have any feel for my breaking ball tonight.”The Orioles last beat the Mets on June 18, 2009. Baltimore next heads across the East River for a four-game series against the AL East-leading Yankees.The Mets finished their homestand 3-3. They dropped three of four to Washington before a two-game sweep of Baltimore.Herrera was off to a 1-for-13 start since his call up from Triple-A Las Vegas on May 1 but went 3-for-3. The second baseman hit a two-run shot to left off Brad Barch in the sixth — he held up at second base while a 33-second replay review showed the ball hit a railing above the wall.“I didn’t have to make a big adjustment,” Herrera said through a translator on his breakout game. “I just let the ball travel a little more.”DeGrom got his first hit after opening the season 0-for-10. He also made several sharp plays, the most important coming in the fifth when he started off the inning by hitting Everth Cabrera with a pitch.Pinch-hitter Travis Snider singled to put runners on first and third. Alejandro De Aza then attempted a safety squeeze.DeGrom bounded off the mound to field the bunt toward the first base side and made a quick throw to third baseman Daniel Murphy, who applied the tag while giving Cabrera, who tried going in standing up, little room to get back to the base.“Bottom line is if we slid there we would have been safe,” Orioles Manager Buck Showalter said.Jimmy Paredes had an RBI single before deGrom walked Adam Jones to load the bases. But Chris Davis struck out for the third time, throwing his bat and helmet in disgust.“I was thinking I can’t walk him here, make him beat me with the bat so I went right after him there,” deGrom said.(HOWIE RUMBERG, AP Baseball Writer)last_img read more