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644-334 exam Dumps Source : SP Video Phase III Cable Access
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Cisco SP Video Phase III
Cisco’s long-standing perception has at all times been that agencies deserve to evolve to force forward and lead via market transitions. The same is right for our executive skill. Evolving our talent requires putting them in new roles, increasing their point of view and ability sets and bringing clean ideas and energy to the business. here is what we’ve recently carried out with Edzard Overbeek’s new move from SVP of our Asia-Pacific-Japan place to head of our international capabilities company and Bruce Klein’s circulation from SVP of Public Sector sales to the head of our worldwide associate company.
over the last year, we have refocused our engineering company for agility, more desirable determination making, and a renewed focal point on innovation. The market share numbers talk for themselves and our customer self assurance has in no way been more suitable. we have a powerful management crew and the enterprise community leaders have proven strong execution. Now the time is correct for us to drive the subsequent part of our organizational evolution.
With that, we're comfortable to announce Padmasree Warrior will extend her function to develop into Cisco’s Chief technology and approach Officer the place she should be chargeable for selecting consumer and business transitions and deciding on Cisco’s strategy to tackle them. Padma will work closely with Cisco’s engineering, container, operations and capabilities management, and may outline strategy, investments, acquisitions and the evolution of Cisco’s expertise associate ecosystem. additionally, Padma might be liable for concept management round Cisco’s items and architectures, technical ability construction and recruiting, and she will increase her time with external stakeholders. The company community CTO’s will record dotted line to Padma to allow amazing alignment between know-how method, enterprise strategy and M&A recreation. over the last four years, Padma has centered a huge music list of outcomes, corresponding to constructing Cisco’s strategy and execution around architectures, cloud, universal technology strategy framework, and attracting and constructing industry main technical talent. We look ahead to accelerating our market place below Padma’s strategic path.
After 13 years of exquisite carrier to Cisco, Ned Hooper should be leaving the instant Cisco family unit to form an independent investment partnership company and to pursue his intention to be a primary investor. Ned has been working on his plan with us over a few months, and we appear ahead to partnering with him in his new exercise. Ned has a special ardour and talent for funding and approach, and may center of attention on this in the next section of his profession. Ned pioneered the mannequin for tremendous-scale M&A at Cisco and drove large transactions for the company such as Tandberg, WebEx, Airespace, Starent and NDS. additionally, he has managed our $2B investment portfolio with each strategic and economic returns to the enterprise. Ned’s approach and enterprise construction crew will now document to Padma. we'd want to thank Ned for his contributions, leadership, friendship and his persistent power to at all times do the right issue for Cisco.
ultimately, Pankaj Patel will count on the leadership of Cisco’s engineering firm. Pankaj will power innovation, operational excellence and agile building throughout our products, solutions and architectures, and proceed to increase our relevance with our expanding consumer base. Pankaj’s deep customer relationships and wide engineering skills, mixed together with his skill to mentor and grow correct engineering skill will serve Cisco neatly as we force the next section of engineering leadership for the enterprise. while you can be commonplace with Pankaj’s provider company adventure, he in the past spent 16 years within the enterprise area. over the last 13 years, Pankaj developed and grew Cisco’s service provider company which today bills for about 35% of Cisco’s direct product salary. Pankaj’s management in key service company areas reminiscent of core routing, area routing, SP mobility and SP video has located Cisco extremely well for the longer term. all through his tenure Pankaj has delivered a major variety of products to the Cisco portfolio, addressing a wide array of consumer needs. during the last year as the co-chief of engineering, Pankaj has accelerated his involvement in Cisco’s enterprise business, because the intersection features between carrier issuer and enterprise come nearer collectively.
As we dwell concentrated on being the gold standard Cisco for our purchasers, companions, buyers and personnel these days, we by no means lose tune of where we are looking to go in the future. we're excited about this evolution in our corporation. Please be a part of us in congratulating Padma, Pankaj and Ned on the next section of their respective journeys.
John Chambers and Gary Moore
No outcomes discovered, try new key phrase!In 2011, Generex achieved the section III trial of its buccal delivery of insulin ... I believe Generex should be would becould very well be like Cisco, which grew from one acquisition to the next. The Ii-key peptide technology has ...
here is A RUSH TRANSCRIPT. THIS copy might also no longer BE IN ITS last kind and might BE up to date.
here's A RUSH TRANSCRIPT. THIS replica may additionally not BE IN ITS last kind and can BE up-to-date.LOU DOBBS, HOST: Tonight, President Bush places company the united states on word: shape up or face the Justice department.
Democrats accuse the president and Republican lawmakers of being too soft on company abuse.
we'll have reside studies for you from the White condo and Capitol Hill.
WorldCom's CEO sends a letter to the president promising cooperation and reform.
Xerox admits it made a $4-billion mistake however says, on the other hand, it isn't any WorldCom.
we will have a unique file there as neatly.
The Arizona wildfire is even superior tonight. it's broken through hearth containment strains. Two further cities tonight are in jeopardy.
And former Enron employees are actually the ladies of "Playboy" magazine.
ANNOUNCER: here's LOU DOBBS MONEYLINE for Friday, June twenty eighth. here now Lou Dobbs.
DOBBS: first rate night.
President Bush these days lashed out towards corporate misbehavior. Mr. Bush mentioned businesses should elevate the bar and not fudge their numbers. the following day, the president will use his radio handle to induce company leaders to clean up their acts.
we now have two stories tonight. We begin with Kate Snow on Capitol Hill and Senior White house Correspondent John King.
JOHN KING, CNN SENIOR WHITE house CORRESPONDENT: smartly, Lou, the president could be talking about this theme further and further in the days forward. You mentioned the radio handle the following day. The president will as soon as again urge company leaders to demonstrate responsibility, double-investigate their accounting practices.
Mr. Bush additionally will go back and forth to big apple city on July ninth, CNN is advised, and carry a speech dedicated absolutely to the theme of corporate accountability.
The White residence seizing on this story, attempting to get the initiative. Mr. Bush announcing the government is asking at what it could possibly do administratively. he is urging the Congress to take a glance at disclosure rules as well.
Mr. Bush saying he's worried about this theme now not best because of the situations of WorldCom and Enron, however he believes it's inflicting a slowdown in customer -- a scarcity of consumer confidence within the stock market and having an affect on the usual U.S. economy.
(begin VIDEO CLIP)
GEORGE W. BUSH, PRESIDENT OF the united states: company the us has received to understand there is a stronger calling than attempting to fudge the numbers, attempting to slide one billion right here or one thousand million there and hope no one notices.,
however you've got a responsibility in this nation to always be above board. We expect high specifications in our colleges, we are expecting excessive standards in company the united states as well, and that i intend to implement the law to be sure that there are excessive necessities.
(conclusion VIDEO CLIP)
KING: The White condominium realizing here is not only a policy debate however additionally a political debate. Democrats making the case in this midterm election 12 months that the president and his Republican birthday celebration are accountable for lax law, are too comfy with massive enterprise. The White apartment says Mr. Bush is decided to get out forward on this one and never let Democrats make that case.
DOBBS: John, the president calling upon Congress to act right here. The White condominium has been aiding Senator Phil Gramm's efforts to stop reform of accounting and corporate reform on Capitol Hill. How does this all square off?
KING: smartly, definitely, considering the Enron disclosures and now the WorldCom disclosures, the White residence is asserting that it is asking the SEC Chairman Harvey Pitt to do extra administratively and says it'll push in the Congress.
however you're exactly correct in that some Democrats on Capitol Hill say there are at least inconsistencies, some say hypocrisies, within the administration's approach. All this now a part of a political debate in this midterm election 12 months in addition to a very professional coverage debate over just exactly where is the function of govt in telling company america how to govern itself.
And, John, the president is present process a colonoscopy this weekend. Any note as to why he is going to be below sedation right through that examination?
KING: His medical doctors counseled this, Lou. The method may also be particularly uncomfortable. Mr. Bush has had two during the past in which benign polyps have been eliminated. His docs say he turned into sedated on the closing one.
they say, number one, sedation minimizes pain on the patient. And, number two, they say it makes it possible for then the doctors to do a greater thorough job as a result of, if the affected person is uncomfortable, the doctors tend to rush the process.
all and sundry right here at the White apartment asserting this is a very pursuits technique for the president to try this. He has no symptoms at all. he is in wonderful health, his doctors say.
but he will briefly transfer energy to the vp. Mr. Bush says it truly is a wartime precaution, expecting Dick Cheney may be appearing president of the us someplace within the area of one to 3 hours tomorrow.
DOBBS: adequate, John. thank you very a great deal.
Senior White apartment Correspondent John King.
Democrats, as John reported, are attempting to benefit political knowledge from these company scandals. today, Senate Majority leader Tom Daschle spoke of corporate corruption is threatening the economic system, and Daschle accused Republicans of backing guidelines that resulted in company misbehavior.
For extra on the story, i am joined by Kate Snow on Capitol Hill.
KATE SNOW, CNN CONGRESSIONAL CORRESPONDENT: Lou, Tom Daschle also referred to that he's heard from lots of CEOs over the final couple of weeks, and he said they share his outrage over things like WorldCom. He says they appreciate as much as we do, lawmakers do, that, in Daschle's words, there is got to be a metamorphosis within the legal guidelines, the laws deserve to be strengthened.
He became very clear that you can not put the sole blame on the Bush administration for WorldCom's failure, but he does say that he believes, quote, "a laissez-faire perspective during this administration has helped create the type of ambiance that exists these days."
(start VIDEO CLIP)
SEN. TOM DASCHLE (D-SD), SENATE MAJORITY leader: there's too a good deal executive regulation. there is too tons govt involvement within the company sector. And what we need now's to eradicate executive and all of its presence from any oversight obligations.
And, piece with the aid of piece, they dismantled the regulatory atmosphere that we had and, in colossal measure, created this sense of laissez- faire, of just total unwillingness on the a part of enforcement or regulatory companies to play a job.
(conclusion VIDEO CLIP)
SNOW: Now, clearly, Democrats are seizing on this situation, hoping that it might benefit them some votes this fall within the election.
while some Democratic strategists have spoke of they're now not going to be gleeful about individuals losing jobs, under no circumstances, another strategist did say to me this turned into a fortunate smash, this WorldCom story.
house Democratic leader Dick Gephardt being even a little more forceful, a little extra political than Tom Daschle was. He talked about -- he suggested that it was the previous eight years of residence Republican handle -- Republican manage of the apartment of Representatives -- that has led to some of the complications as a result of they did nothing about corruption.
And, these days, a Republican shot lower back, invoking invoice Clinton's legacy.
(start VIDEO CLIP)
REP. WILLIAM THOMAS (R), CALIFORNIA: if you want to discover a model for americans now not behaving morally -- or the style of asserting it is: Do the correct element even when individuals aren't observing -- I suppose you'll locate that the Oval office has a great deal more similarity to the board room than the floor of the condo of Representatives.
if you are hunting for someone who set the moral tone for the decade of the '90s, I do not think you ought to seem to be any farther than the former president's habits.
(end VIDEO CLIP)
SNOW: And Republicans say they are equally upset about what's came about at WorldCom, they too want action, but they conveniently don't see it as a political problem, Lou.
they say that if Democrats are going to try to play up the little guy versus the powerful in this crusade season, this operative pointed out, smartly, maybe it'll work simply as smartly because it did for Al Gore.
DOBBS: All right, Kate. One question on this. Tom Daschle, gleeful or now not, referring to the laissez-faire angle in rolling lower back law. The Telecommunications Reform Act of 1996 become signed by way of invoice Clinton. How does that...
SNOW: i am bound Republicans will element to that too, and they have. They've observed, "look, you can't say that the past eight years has been completely beneath Republican handle. You had President Clinton in the White house."
They've made that element repeatedly when this has come up. and they've also noted, you be aware of, for a little while -- well, the Senate's been in control now for a short time of the Democrats. What about that?
DOBBS: adequate. thanks very much.
Kate Snow reporting from Capitol Hill.
The parole board in California that has been since whether to unencumber an infamous Manson family member who's serving existence in penitentiary for her role in killing sprees in 1969 -- Leslie Van Houten became 19 at the time.
here is a reside picture of Leslie Van Houten. She was 19 at the time of these killings. She has faced a parole board 13 instances. every time, she's been became down. Her parole once more has been grew to become down.
Let's pay attention in.
(start VIDEO CLIP)
UNIDENTIFIED CALIFORNIA PAROLE BOARD MEMBER: She, however, had been arrested for auto theft. They have been no longer interestingly prosecuted. however she did have prior criminal activity in that she become a drug consumer, including LSD, marijuana, methadrine, mescaline, and benzadrine, and this drug use had been going on for at least a few years.
(end VIDEO CLIP)
DOBBS: This, the California Parole Board, denying Leslie Van Houten, a member of the notorious Manson family gang, once more for a 14th time being denied a request for parole, and her life sentence continues.
"surprise" and "outrage," the words used by WorldCom's chief government officer, John Sidgmore, in a letter to the president these days.
Sidgmore observed he became stunned by the discovery of a $four-billion fraud at his business. He additionally outlined alterations he's making in WorldCom's company practices, and, amongst these, 17,000 layoffs that all started nowadays.
Sidgmore additionally pledged full cooperation with the quite a lot of investigations of WorldCom.
And, in the meantime, a Mississippi decide has issued a restraining order that bars WorldCom, its auditors, and its employees from destroying files. The decide also referred to he would appoint a computer screen to supervise document retention. An SEC order this week only advised that documents be preserved.
an extra accounting scandal at Xerox. Xerox will take out pretty much $2 billion of salary that it already mentioned. An audit showed that Xerox posted these revenues earlier than they have been in fact made.
Bruce Francis has the record.
BRUCE FRANCIS, CNN CORRESPONDENT (voice-over): Xerox admits that returned in the late '90s, it robbed the long run to make the latest appear improved than it really changed into. The business is revising five years of results.
Xerox needed to restate its financials after settling charges with the Securities and change commission returned in April and paying a $10- million first-rate.
In a statement, CEO Anne Mulcahy mentioned Xerox these days closes a tricky chapter within the company's historical past. Mulcahy declined to be interviewed for our story.
ranking the stock a purchase in view that November, Peter Ausnit thinks that Xerox can flip around.
PETER AUSNIT, DEUTSCHE financial institution SECURITIES: We see Xerox as a corporation that may earn a substantial amount of cash over the subsequent couple of years, especially when company situations normalize.
FRANCIS: but investors, notably folks that bought Xerox during the late '90s, might no longer discover it so handy to neglect Xerox's faulty accounting.
As a part of its restatement, Xerox now admits it would have booked less revenue in 1997, '98, and '99, a time when the inventory become taking off. but the enterprise insists that the income -- in this case, device leases -- are precise and that the profits from the late '90s in fact belongs in 2000, 2001, and past. as an instance, 2001 ends up searching more advantageous than before through half a thousand million dollars.
The bottom line $1.9 billion may be taken out of revenues already said.
but the author of "How businesses Lie" says don't reduce what Xerox did.
RICHARD SCHROTH, writer, "HOW companies LIE": I do not feel it's a small, little accounting error at all. organizations like Xerox and others who were named to the Fortune one hundred top-rated corporations and other such -- have a accountability to be brazenly cautious on these sorts of things.
FRANCIS: smartly, former Xerox auditor KPMG keeps that they have been cautious, putting out a statement nowadays standing via its prior work with Xerox and calling the copier enterprise's restatement an striking about-face.
Lou, they may be on the fence. DOBBS: The auditor not agreeing with the restatement.
FRANCIS: no longer agreeing with the restatement, no longer agreeing with Xerox, now not agreeing with the SEC, no longer agreeing with PricewaterhouseCoopers.
DOBBS: And we have now seen a lot of room for disagreement, however does make you wonder how anyone can say they had been cautious when there is an issue of $2 billion.
FRANCIS: expensive decisions that can charge investors a lot of money, Lou.
DOBBS: And we're, unluckily, getting used to lots of these decisions that charge investors a lot of money.
Bruce, thanks lots.
stocks closed little changed on the day regardless of the newest scandal. nowadays marked the conclusion of the second quarter. That quarter noticed principal indexes register double-digit losses.
these days, the Dow Jones Industrial regular fell greater than 26 point. The Nasdaq rose pretty much 6 facets. The S&P 500 dropped basically a point.
Jan Hopkins will have finished market coverage for us in precisely moments.
Tonight's MONEYLINE brief vote query is in regards to the markets. we'd want to be aware of: Do you agree with that this inventory market has at last hit backside? you could cast your vote by going to cnn.com/moneyline -- cnn.com/moneyline -- and while you're there, you could all the time ship us an email as neatly. we'll have the outcomes of tonight's vote later within the broadcast.
We additionally are looking to take this possibility to take a glance at your ideas on company scandals. Susan Christie writes in to claim, "With Enron, Arthur Andersen, and now WorldCom, the phrase 'Figures by no means lie, but liars all the time determine,' become not ever extra authentic."
John DePetris, "Why should still al Qaeda plan greater attacks when we now have Enron, WorldCom, Xerox CEOs, CFOs, et cetera, doing what the terrorists would dream of doing? it really is destroying the American fiscal market."
And Brian Scott of Canada says, "Is it any ask yourself that current anti-globalization protesters have no religion in the latest capital system. All they see are thieves, cheats, and liars whose most effective hobby is to complement themselves at the expense of traders and personnel."
we'll have extra of your innovations later in the broadcast. And, as at all times, you can electronic mail us at firstname.lastname@example.org. And we always ask that you just include your identify and handle.
Let's flip now to those wildfires raging within the western a part of the country. a brand new hazard tonight in Arizona. That large hearth near the town of demonstrate Low, Arizona, has broken via a containment line, threatening a nearby subdivision.
Thelma Gutierrez has greater on the story for us.
THELMA GUTIERREZ, CNN CORRESPONDENT: Lou, right now, what's occurring is that firefighters are working to set up a hearth line to push that fireplace returned. The wind has kicked up a little bit in barely the previous jiffy, which isn't a good element accessible.
additionally remaining evening, the fire had moved down the lower back side towards the city of Heber. Firefighters working day and nighttime to are trying to grasp these hearth traces to store those communities. they have got felt and that they noted past nowadays that, in the event that they're in a position to dangle those traces during the day, they may have a superb possibility of saving the communities.
Now, nowadays and day after today, the pink cross and native officers have began what they have called van excursions for residents who lost their homes. The residents will simplest have an opportunity to view their properties. because of defense issues, they aren't allowed to definitely get off and go into their property. And officials have noted that because of the sensitive nature of those tours, cameras aren't allowed in.
Now, to this point, 419 acres of Ponderosa pines have burned up here within the show Low enviornment, and more than 50 percent of the land that has burned is on the Apache reservation land that has had a devastating have an impact on on tribal individuals. up to now, they are saying that two sawmills have now closed down. 300 jobs out right here may be lost. the full estimated price of the bushes they've lost: $237-million.
(start VIDEO CLIP)
LUCI BENALLY, APACHE TRIBE MEMBER: i am hoping that all and sundry is aware of that not best do individuals in the display Low and Pinetop areas stand to lose their buildings, however our tribe has lost so tons and too a great deal. We're speakme tens of millions and tens of millions and tens of millions of bucks so that you can in no way get replaced in our lifetime.
(conclusion VIDEO CLIP)
GUTIERREZ: A spokesperson for the Apache tribe instructed me a short time ago that it will a century before they're capable of recuperate from this hearth, Lou.
DOBBS: Thelma, thank you very plenty.
Thelma Gutierrez from reveal Low, Arizona.
smartly, officials in Colorado are hoping that calmer climate will help their fight against wildfires. Two fires close Durango, Colorado, have burned greater than 70,000 acres and destroyed dozens of buildings. these fires are handiest a 3rd contained.
meanwhile, a virtually one hundred fifty,000-acre fireplace close Denver should still be thoroughly under control by Sunday.
developing tonight, the markets grappling with a surge in income restatements with the aid of company america. we will assess the advantage for more surprises ahead.
Wall street, as soon as the envy of the world. Now a lot of the area is questioning our model of capitalism. we'll have that document for you.
we will investigate the problem that the usa faces in sustaining the conflict towards terrorism and radical Islamists in our MONEYLINE "Economist" magazine series on American leadership, New instructions.
And Henry Kissinger will be here to check the united states's peace efforts in the core East.
All of that and greater still ahead. stay with us.
DOBBS: Two essential organizations came forward to make big restatements in their prior outcomes this week. The question no person can reply tonight is what number of more restatements are there.
Peter Viles has the story.
PETER VILES, CNN CORRESPONDENT (voice-over): As one-two punches go, this was an exceedingly costly combination. WorldCom, then Xerox, $6 billion worth of crummy accounting. The number of corporate profits and income restatements had already been rising, spiking tons greater sharply within the recent economic downturn than it did within the remaining one.
So the question investors are asking: is that this the top or simply the beginning? evidently, the SEC is not able to declare victory on bogus bookkeeping.
HOWARD SCHILIT, center FOR economic research & analysis: The work of the SEC is beginning to pick up velocity. they have got whatever like sixty five present investigations. The SEC just got a large increase of their budget. and i feel the force continues to be on the SEC and different regulators to clear up the mess.
VILES: The SEC last evening took motion with a purpose to force CEOs to swear, beneath oath, to the accuracy of revenue reports, a troublesome step meant to flush out any accounting scandals which are hiding in company books.
LYNN TURNER, FORMER SEC CHAIRMAN: Harvey Pitt has to move a step further and say, "now not handiest do I need you to signal on the final analysis here in the event you ship on your next set of fiscal statements, however you deserve to remember if those emerge as wrong, we are going to show round and ship you to penitentiary." VILES: that's a pretty good factor, but Harvey Pitt has been there and stated that. right here's what he noted this week when asked what occurs if these sworn declarations grow to be false?
HARVEY PITT, SEC CHAIRMAN: You go to penitentiary because it's fraud in case you certify it and it be false.
VILES: In easy of this complicated talk from the SEC, there is a few speculation we may additionally definitely see greater restatements in the coming weeks than we would have in any other case.
corporate the usa basically has six weeks to get its books so as. Then starting in mid-August CEOs will must swear beneath oath that these books are the certainty.
DOBBS: it's a shame that or not it's come to this, however Harvey Pitt's concept right here in terms of signing and swearing to those financial statements -- it might become the answer here or a large a part of it.
VILES: it be a method to make everybody say, "Come forward. All those that have not dedicated accounting fraud, step ahead." It become the president's thought in the beginning.
DOBBS: adequate. Pete, I respect it. thank you.
The scandals sweeping throughout corporate america are elevating huge questions about the effectiveness of the model of capitalism, its observe in this country. overseas investors, some of them, are reluctant to put are put their money during this nation, and American accounting practices are being challenged as on no account before.
Kitty Pilgrim has the story.
KITTY PILGRIM, CNN CORRESPONDENT (voice-over): For years, the American enterprise mannequin become touted because the most desirable on this planet, U.S. regularly occurring Accounting ideas sophisticated, and corporate governance essentially the most superior. With debacles at Enron, ImClone, Tyco, and Adelphia dominating U.S. headlines, Europeans are beginning to gloat.
"In the united states, all that glitters isn't gold," Deutsche financial institution's former CEO Rolf Breuer talked about in a speech this week. but the usa's gadget turned into golden for a long time and had the numbers to show it. Unemployment lower than in Europe, capital markets in the U.S. outperforming Europe, higher productiveness numbers, and a strong dollar.
but now the dollar has fallen about 10 % in opposition t the euro so far this yr. Markets are foundering, and the tremendously touted accounting requisites being reexamined below a congressional microscope, sufficient to make the White condominium preserve the American method.
ARI FLEISCHER, WHITE apartment SPOKESMAN: The president believes that the usa's free commercial enterprise gadget is a system this is completed very smartly for the American americans, or not it's resulted in an awful lot comfort, it be resulted in a robust lifestyle for the American americans.
PILGRIM: And a look on the markets shows, over the last two years, the Dow held up improved than stock indexes in Frankfurt, London, and Paris, down 28, 38, and forty two percent respectively.
Some point out the U.S. business mannequin is always evolving and improving from its missteps.
ROBERT SCHILLER, YALE university ECONOMIST: From decade to decade, we study more and more about the way to run enterprises, but a part of the process involves experimentation, and experimentation has unpredictable consequences, and some undesirable penalties, and so we're -- from one decade to the next, we must straighten out these error as neatly.
PILGRIM: So, in the past few months, there have been alterations within the means remote places groups are working, and Europeans are actually pushing for greater impartial board individuals and more desirable transparency, and the CEO incentives are additionally being reexamined. in brief, the growing to be pains are being felt all around.
DOBBS: however still free markets and freedom. it be working.
PILGRIM: it's working, and...
DOBBS: a bit tough now and then.
Kitty, thanks lots.
nevertheless ahead here, the final a part of our collection with the "Economist" journal. Tonight, we appear at the challenges dealing with the U.S. in sustaining the conflict towards radical Islamism and terror.
Blue chips fizzle on the last day of the 2nd quarter. The NASDAQ ends just a little larger, however a tough quarter it changed into. we'll be telling you about that.
And the girls of Enron demonstrate their advantage with the assist of "Playboy" magazine.
All of that and more nonetheless forward. dwell with us.
DOBBS: stocks closed the second quarter little modified on the day despite this newest accounting news from Xerox.
Jan Hopkins has the market for us now.
JAN HOPKINS, CNN CORRESPONDENT: Lou, given all of that, it changed into no longer a foul displaying for shares.
The market in fact added to yesterday's rally. however the Dow did slip into poor territory simply before the closing bell when the president announced he would switch vigor to the vice president right through his colonoscopy the following day at Camp David.
For the day, the Dow changed into down, and it turned into down for the sixth week in a row. Nasdaq ended the day and week better. The S&P slipped a little bit.
Christine Romans is on the new york inventory change, and Greg Clarkin is at the Nasdaq.
CHRISTINE ROMANS, CNN CORRESPONDENT: neatly, Jan, one more unstable day and two-billion shares traded today to shut this quarter.
Xerox, as you would are expecting, misplaced 13 p.c because of that restatement, however NIKE soared after mighty fourth-quarter revenue. Auto shares rallied nowadays on hopes for a rebound in June motor vehicle revenue. And Philip Morris received after a awful week. it be nonetheless down sixteen p.c this quarter, even though. Tyco also gaining these days on high hopes for its CIT IPO.
nevertheless it's been a awful quarter for Tyco, down 54 percent. Take a look at AOL, mum or dad of this network, AT&T, IBM, and GE, all largely held shares, all suffering sharp percentage losses over the past three months.
Now to the NASDAQ and Greg.
GREG CLARKIN, CNN CORRESPONDENT: And, Christine, relatively quiet day for news in large identify tech stocks.
Take a look lower back on the quarter. See how these huge cap expertise stocks fared. Take a glance at solar Microsystems down well-nigh forty three percent for the second quarter. Intel down practically forty p.c. Oracle dropping basically 26 %. You had Cisco with a 17-% loss. Microsoft down eight.6 p.c.
but you are looking to discuss stability? How about Dell computer? It began the quarter trading at $26.eleven. It ends the quarter trading at $26.14. That three-penny profit makes Dell computer the most appropriate- performing large cap know-how stock for the second quarter.
Jan, returned to you.
Thanks, Greg. HOPKINS: The Nasdaq simply accomplished its worst half-12 months on listing. it is down 25 % for the 12 months so far, and that i suppose traders don't deserve to be reminded that here is the third yr in a row that the Nasdaq is lower.
For the S&P, here is the first half-12 months in 30 years, a loss of 14 %.
but, Lou, a brand new quarter begins on Monday.
DOBBS: whatever thing to seem ahead to, as i am sure virtually each person is.
Jan, thank you.
well, accounting scandals, of route, are the focus this week. company misbehavior at WorldCom, Xerox dealing one more blow to investor self belief. buyers questioning simply what on this planet is occurring and what's subsequent.
With me now within the studio is Steve Forbes, the editor of "Forbes," Mark Morrison, editor of "BusinessWeek," and becoming a member of us from los angeles, invoice O'Neil. he is the leading man at "buyers business day by day."
And or not it's first rate to have you ever all here.
Let me start, if i'll, bill, with you. This market behaving, on the very least, badly within the face of dangerous information on salary and scandals. What's happening, in your judgment?
bill O'NEIL, "investors enterprise daily": neatly, I consider that it be the aftermath of the massive tulip bulb craze that went on in '98 and '99. In Holland, each person bought tulip bulbs and that they went loopy over them, and all of it blew up. and that's the reason what took place in high-tech and biotech.
DOBBS: i used to be thinking greater, bill, about this week. We discovered about the tulips a long time ago.
O'NEIL: sure. well, this week, the Nasdaq has been going down for the reason that January 1. it be had three waves down and this last one is a little steeper, and it undercut a low. however I believe you picked up some short selling and there is been plenty of information. so you're probably in along the lows.
The market has definitely shifted to customer shares. So i'm no longer so definite that these fallen leaders within the excessive-tech sector are completely primary for a market it truly is slowing to step by step get well over time.
DOBBS: Mark, your options?
MARK MORRISON, MANAGING EDITOR, "BUSINESSWEEK": smartly, I consider the market reacted fairly well due to the fact the extent of the dangerous information this week. The WorldCom and Xerox bulletins have been somewhat surprising. Yet the market, after that news, acted fairly neatly, become relatively stable.
and i feel that in a selective approach, the market did perhaps punish one of the vital groups that -- the place accounting questions are still lingering, the ones that use...
DOBBS: Amongst people that are...
MORRISON: EBITDA, the ones which have professional forma accounting and have pushed that conception. those -- the market reacted extra in a selective means than in a widely wide-spread, panicky solution to the information.
STEVE FORBES, EDITOR, "FORBES": I believe that is generally correct. I believe the market is attaining a bottom. I think the greater pessimism there is, the faster this thing goes to show around. but one of the most things I believe it is weighing on the market, it's no longer the spate of scandals about organizations, however a way that in all probability we're no longer waging this conflict on terror as vigorously as we should. I think if we went after Iraq and seized these oil fields, I think you would see the market truly stream up.
DOBBS: it be exciting that you would join those two. We did have polls this week recommended most effective 1/three of americans trust that we're basically profitable this war. What do you feel of that thought, Mark?
MORRISON: I do not feel that is bearing a great deal in the marketplace right now. I consider that the market is taking maybe some consolation from the indisputable fact that the executive and corporate the us seem to be taking significantly this mess it truly is been going on in bookkeeping and in governance. And that some severe reform goes to come back out of this at the other conclusion. That may also take some time, six months or a 12 months from now. even though I think...
DOBBS: can we have time? I imply, it truly is the interesting question to me. bill, let me ask you to come in on this. will we in fact have time? If we're drawn to restoring investor confidence, will we have time to watch this play out and to look how many more are out there?
O'NEIL: I feel the problem is, in the event you move through a extreme correction it truly is prolonged, you should do something to stimulate the economic climate extra. it be greater like 'seventy three, '74, even a little bit like' 29. and i think that you should accelerate some of these tax cuts.
They should still deploy a brand new act to give tax breaks to americans who start a brand new enterprise. That doesn't suggest for all buyers, always. but let people who birth a brand new enterprise best ought to pay half the typical tax, and the owners and founders and personnel that own stock, possibly when they promote the stock over the first 10 years, to handiest pay half the capital good points. this could birth a huge boom in new corporations.
DOBBS: i'm sorry. Go ahead, bill.
O'NEIL: I consider you want some additional stimulus since you're going to come out of this very slowly. you will come out of it, but you might be not going to come back roaring out like nothing ever happened.
DOBBS: Steve, your techniques on this? extra targeted funding tax credit, greater -- I cannot imagine you resisting that recommendation.
FORBES: No, my objection would be to the focused on. Why no longer simply have an throughout-the-board cut on the capital positive aspects tax? that is what we did within the mid Nineteen Nineties and it worked. We should not neglect that the so-referred to as booming '90s, the first half was the worst economic restoration from recession on the grounds that the '20s.
DOBBS: you're absolutely correct. or not it's convenient to overlook that. so you'd want to see it addressed through capital gains. How about the idea of a broader funding tax credit?
FORBES: smartly, I suppose the key is for tax credit, instead of attempting to play games like we did within the early '60s with tax credit on, tax credit off. americans have received to accept as true with this is everlasting. And moving up, as invoice suggests, the anemic tax cuts they passed last summer time, which can be relatively small, make those positive now, that might support too.
DOBBS: smartly, traders and the viewers of this broadcast, there is a true sense that we get right here, that americans wish to see actual consequences. they're involved concerning the integrity of the markets. they are worried about transparency. They wish to see actual consequences from company the united states.
Mark, you have been speaking in regards to the EBITDA shares, the seasoned forma, if you will, groups and stocks. real salary -- is there going to be a lasting adjustment here, do you suppose, to groups that simply make money?
MORRISON: I suppose there goes to be. and that's one reason I wager i'm a bit bit of a fine information man in regards to the WorldCom and Xerox information. I suppose that this has helped push the administration and corporate the usa to believe that this turned into not only a case of a number of unhealthy apples, but there basically goes to ought to be some serious condo cleansing achieved.
And the choice is, what? To type of slide by means of this episode. and then we go back to enterprise as general. And a yr from now, or two years from now, we have a worse difficulty.
DOBBS: We're going to come returned with bill O'Neill and Mark Morrison and Steve Forbes, and discuss why the sudden urgency about corporate reform. And we will decide -- or these three gentlemen will decide no matter if here is the fault of the Democrats or the Republicans. live with us.
DOBBS: We're returned with Steve Forbes of "Forbes" magazine and Mark Morrison of "enterprise Week" and bill O'Neil of "investors enterprise every day."
gents, as I observed at the ruin, we are looking to find out whose fault here's, Republicans or Democrats. but first, the question that we're asking our viewers tonight is, has this market bottomed? And, bill, very straight away, has this market on your judgment bottomed?
O'NEIL: I consider it likely has. but if it does not, I believe the govt should step up and decrease some taxes and do a few issues, as a result of there is too lots fear and it be been going on too long. And we don't deserve to have it. or not it's down in along what need to be the backside. And there turned into best the Nasdaq it really is been exerting the actual force.
MORRISON: I don't see a bottom yet. I consider here's a bear market and we are going to ought to wait and notice. We're bumping along at low aspect however valuations are nonetheless excessive. I do not see a true turn yet.
DOBBS: And, Steve, just moments in the past you used an expression, "looking for a bottom." How goes the search?
FORBES: I suppose if we're now not at it, we're very near it. I suppose investors who want to play timing games should still beginning to be going lower back in. I suppose we will have a rally fairly quickly. The extra pessimism there is, the more advantageous the market's going to do.
DOBBS: One would hope that we would no longer see a superior wall of worry confront us than this, or improved pessimism. Who will we blame right here? Mark, Republicans or Democrats?
MORRISON: definitely politicians are partly to blame. They were on the ride with the traders and with the accountants and with the executives. And everybody, even the media, were on the huge journey within the late '90s, when all these excesses and shortcuts began.
So, as far as Washington goes, I don't pin the blame on both celebration. I consider that, obviously, the Bush individuals are having to exchange their tune very dramatically as a result of their view of letting the markets do all the law is not working.
DOBBS: seems like there may be an hobby in some effect apart from a market outcomes, within the case of Enron, as an instance. bill?
O'NEIL: neatly, the market topped in March of 2000. so you can blame it on both celebration you need to. however human nature is human nature. and each single undergo market I've ever viewed, every single recession, has a few agencies go bankrupt, a number of people that are doing anything dishonest get caught.
And the SEC does a pretty decent job. in some unspecified time in the future they may seize almost all these people. So I do not suppose that you would be able to blame it on one party or the different.
DOBBS: adequate, Steve? FORBES: smartly, I think if you wish to seem on the tone of the '90s, it started appropriate on the correct, at the White condo, the place the angle turned into anything else goes. in case you get caught, spin your way out of it. The simplest component they failed to face up to -- they could withstand every little thing except temptation. So it begun on the good.
DOBBS: and how about Wall street, the funding bankers, the analysts, all of the industrial banks assisting these deals?
FORBES: There was an angle that there aren't any more guidelines, that you just could push the envelope, get to the part, fall off the side. The parachute would offer protection to you. And consequences changed into what counted. short- term consequences is what counted. And we're having the hangover.
MORRISON: We even have to analyze where the money turned into coming from, from a very refined community of institutional traders who run money for states and pension money and the rest, who were simply very happy to invest within the Enrons of the area when they couldn't even remember the company or the studies.
DOBBS: invoice, you get the remaining notice on this element. Do you like the conception of all these sophisticated funds managers now suing to appropriate the market's correction, if you will?
O'NEIL: well, I suppose the largest problem, it's unhappy for the public. Most buyers don't basically recognize the way to invest in a sound method. They don't basically comprehend how to offer protection to themselves in poorer durations. and i'm hoping that they'll realize this and start making an attempt to study and study more about the way to choose shares, how to sell them, a way to address them, rather than simply accepting what anybody else says.
DOBBS: That changed into most likely an acceptable strategy when we could watch 25 p.c beneficial properties. it's a bit different world, as you imply, invoice. invoice O'Neil, thanks for being with us. Mark Morrison, Steve Forbes, recognize it.
arising subsequent, challenging questions forward for the us in the war against terrorists and radical Islamists. we'll have the MONEYLINE "Economist" magazine special file for you subsequent, in "america: New directions." stay with us.
DOBBS: The carrying on with MONEYLINE "Economist" journal series on "American management: New directions." Tonight we take a glance at the problem forward for the U.S. in sustaining this war in opposition t terrorism and radical Islamism. we are analyzing no matter if america has the desire to go it by myself if fundamental -- politically, economically and militarily.
GEORGE W. BUSH, PRESIDENT OF the USA: these days, our fellow residents, our culture, our very freedom got here below assault. DOBBS (voice-over): The president's struggle on terrorism has set the stage for a brand new American period. nevertheless it's also created challenges to the us on two fronts: to our political and armed forces vigor, and to our economic electricity.
The president's coalition has been strained and tenuous from the starting. India, Pakistan, each essential participants of that coalition, and each nuclear powers, went to the brink of struggle. France, at all times uniquely independent in coalition, looks greater aligned from time to time with Iraq.
other European international locations, together with our closest ally, Britain, at most fulfilling look uneasy about U.S. coverage in the middle East.
JAMES A. BAKER III, FMR. SECRETARY OF STATE: I consider as we move forward within the war on terrorism, which goes to be a protracted and strenuous struggle, we're going to endure coalition fatigue. We're suffering it as a result of the Arab/Israeli conflict, we're struggling it as a result of the concerns between India and Pakistan.
invoice EMMOTT, EDITOR IN CHIEF, "THE ECONOMIST": I believe Colin Powell has it appropriate. He says that the vital issue is to preserve talking, to tell your allies what you might be doing, why you are doing it. however not always give them a veto about what you're doing.
BAKER: The ideal and finest look at various of a good energy is the capacity to do whatever unilaterally when your national pastime requires it.
DOBBS: American management in this new era can also require the united states to move it on my own based on the threats posed by both Saddam Hussein and Osama bin weighted down.
EMMOTT: I feel that to make sense of Osama bin weighted down's terrorism, you need to expect what he'd definitely find irresistible to do is to emulate Lenin. Lenin changed into a terrorist who grew to become effective because he obtained Russia and took over Russia. Osama bin encumbered is barely a terrorist at this time. He can best get powerful via getting Saudi Arabia or Pakistan or any other country.
DOBBS: Kenneth Pollack is a former CIA military analyst. Pollack says the time for half-measures towards Saddam Hussein is passed.
KENNETH POLLACK, COUNCIL ON international family members: I suppose a full- scale invasion is going to be big. it's going to be expensive. a lot of people are going to lose their lives in it. That observed, I don't think that it might be nearly as costly as combating a battle against Saddam Hussein once he has got nuclear weapons.
DOBBS: the world's most effective superpower, which is also the area's wealthiest nation, will with out query be confused by using the rising expenses of a global battle with elusive enemies. The charge of fighting the war this year will precise $76 billion.
still, if the Bush administration wins congressional approval of its whole defense price range enhance, that funds will nevertheless be near historical lows -- under half what it was during the bloodless war, as a percentage of the U.S. gross home product.
BAKER: the area has requested lots of U.S. financial engine for a very long time. Over the route of the previous 10 years we have been the only real supply of world increase.
UNIDENTIFIED MALE: Our heroes will now open the market.
DOBBS: america's financial energy is the basis and engine vital to pressure this warfare. it really is why enterprise scandals like Enron and WorldCom threaten more than simply confidence within the markets and the financial system.
EMMOTT: After the bursting of the inventory market bubble and the entire abuses at Enron and international Crossing and Tyco, and all of these, I suppose the usa's going to have a bumpy couple of years. during that period, the us's confidence in its means to proceed to fund protection spending and desire to go out on this planet might get dented at times.
DOBBS: The financial prices and political hazards of this battle should be exquisite. however the deserve to win the struggle is crucial. And so is the opportunity to achieve global peace and prosperity, based on common American values of democracy and free markets.
EMMOTT: the united states has the possibility to reshape the world in numerous tremendous approaches in the following few years. The question is whether or not it'll continue to have the inducement to do it and permission from the leisure of the world. My perception is that it'll have both.
DOBBS: the brand new edition of "The Economist" journal is devoted to the altering position of american management given that September eleventh. known as "the usa's place on earth," or not it's on newsstands now.
And coming up next here, the effects of our MONEYLINE poll on whether you feel this market has eventually hit bottom.
And, how the give way of Enron has given three girls the probability to cash in on company failure. dwell with us.
DOBBS: And this just in to CNN. The Walt Disney business, in keeping with Reuters, will restate its 2000 and 2001 salary. That in accordance with SEC filings. The Reuters once more reporting that Disney will restate its earnings. And the reason for that restatement, according to those SEC filings, is a math error.
Turning now to yet another setting up story, explosions heard tonight within the West financial institution town of Hebron. Palestinian safety sources say 75 % of the Palestinian complicated was destroyed. Israeli troops had been backyard the advanced for several days now attempting to negotiate the quit of Palestinians.
meanwhile, President Bush's middle East plan has met with some skepticism at the G-eight summit this week. As you know, G-eight leaders agreeing with the demand Palestinian statehood. but some asserting or not it's up to the Palestinians to opt for their leaders. joining me now to discuss this new initiative is the previous Secretary of State Henry Kissinger.
Henry, first rate to have you ever with us here.
HENRY KISSINGER, FMR. SECRETARY OF STATE: always first rate to be with you.
DOBBS: i know you have been in Europe when the president put ahead the initiative. First, what's your response? Is it a explanation for hope?
KISSINGER: smartly, the president made clear that there is rarely one plan that you could put forward for a negotiation unless you have got partners that you should have some self assurance in. and that i consider that turned into a vital contribution.
And within the subsequent section, once some progress is made in that path, I feel within the next phase, there might be development in negotiations. and that i suppose what must turn up subsequent is that the average Arab international locations count on some accountability for the domestic alterations that the president spelled out for the Palestinians.
because the Palestinians aren't capable of do it via themselves under latest situations. And that method, there can be created a negotiating companion.
DOBBS: Is it your sense that Saudi Arabia, in particular, Egypt, Jordan, have both the potential and the will at the moment to be a good affect on any reform that the Palestinian Authority should bear to make it possible for statehood, even on an period in-between basis?
KISSINGER: neatly, they've the potential. and that i consider they are constructing the desire to do that. probably they're going to insist that there is some development in negotiation -- or some negotiations being performed. before the complete technique of internal change in the Palestinian areas is completed. however I accept as true with that they are becoming very stressed with the affect on them of the continuation of suicide bombing and turmoil.
DOBBS: And for the Israelis, the president's insistence that the settlements, the construction of settlements, stop on the West bank and in Gaza, that there be comfortably a roll-returned to the pre-'sixty seven battle borders. Is that an inexpensive, and do you feel might be productive, initiative?
KISSINGER: I think perhaps, yes, I feel it's. I feel the president has known as attention to the indisputable fact that you can not go from right here to a last agreement. You must start via restoring circumstances through which commonplace life can start once more.
And here's why he's urged the Israelis to go lower back when the Palestinians have made their adjustments, to the circumstances that existed when this whole crisis all started. And additionally to end any new settlement activity. I think this is an affordable basis on which to begin negotiations.
DOBBS: Dr. Henry Kissinger, thank you very a lot for being with us, as at all times.
KISSINGER: Pleasure to be on.
DOBBS: Let's take a quick appear now on the consequences of our MONEYLINE ballot. Tonight's question: do you agree with that this stock market has eventually hit bottom? Twenty percent of you pointed out yes, eighty percent pointed out no. And, whereas no longer scientific, a good indication. and that i must say that the market would not seem to be arguing with the outcomes of this ballot.
developing next, the "Dobbs document." just a few thoughts concerning the rising political temperature and posturing in Washington about company scandals. live with us.
DOBBS: neatly, after the scandals at Enron, three enterprising former Enron women have determined to take advantage of their misfortune with the aid of making an attempt to improve their fortunes, performing in "Playboy" journal. and that they're cashing in somewhat neatly in a whirlwind media tour which has led them, of direction, to big apple city. and they are, should you be interested, acting within the August challenge of "Playboy" journal.
neatly, Enron, global Crossing, Tyco, ceremony aid, Qwest, Adelphia, ImClone techniques, now WorldCom -- the Democrats have discovered a crusade challenge, corporate abuse. The Senate majority chief says the issue will play in every state this November. Tom Daschle nowadays charged that the Republicans -- quote -- "dismantled the regulatory ambiance we had and, in tremendous measure, created the feel of laissez faire," conclusion quote.
Even Al Gore desires to play, saying at a fund raiser here in manhattan this week that the president's tax guidelines resemble the outbreak of accounting fraud.
I do not want to be a spoilsport right here, however did both Mr. Gore or Senator Daschle word that these multibillion dollar corporate restatements go again to 1997? That the telecommunications act became 1996?
And now, of course, President Bush wishes to place them in prison and the treasury secretary desires to hang them high. George Bush and Paul O'Neill talking about company criminals, no longer the Democrats. The president is siccing the Justice department on the dangerous guys and the SEC is investigating well-nigh each most important company in the country.
again, I don't wish to be a spoilsport here, however does the Bush administration overlook that it's been helping Senator Phil Gramm's efforts to cease accounting and company reform on Capitol Hill for months now?
Do the Republicans and the Democrats both understand that the American investing and voting public is mindful that it be been six months in view that Enron went bankrupt, and none of those apartment or Senate investigations -- of which there had been a dozen -- have amounted to anything to this point? That there were no prices brought in opposition t a single Enron executive?
If the Republicans and the Democrats are inquisitive about reform now, finally, then their actions will ought to be as a minimum as vigorous as their crusade rhetoric.
that's MONEYLINE for this Friday night. Thanks for being with us and have a very pleasant weekend. For anyone here, good evening from long island.
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SP Video Phase III Cable Access
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In this third part of my ‘cable story’ blog, we’ll get into how to better monetize the pipe.
It’s not a big secret that the video business is being commoditized. Actually, only a third of the serviceable cable homes and businesses in the U.S. are currently paying subscribers for cable video services (US Cable market – Dec 31, 2017), and to add to the equation, the content costs are flying sky-high. As a direct result, revenues and profits are under pressure. Several leading indicators continue to show that this will only intensify in the coming years.
On the other hand, high speed broadband services are gaining more and more customers (and revenues), and becoming to be the new cash generator. So video is down, but broadband is up. Everybody’s still reasonably happy, right?
Not exactly. Video is a very significant element in any cable provider’s P&L. Actually, it’s the biggest revenue foundation for them (to the tune of 40% of the revenues for U.S. cable providers in 2017). The investments in the network are indeed providing more revenues from the broadband side, but at the same time creating an easy path for subscribers to drop their video service.
Which means it is again time to make more out of the cable network. The real gains are to be found in the cable access network, and, to be more exact, in its new architecture innovations. One piece is the move from analog to digital IP networks, the related rise of distributed access architectures (DAA) and virtualizing the head-end. This brings IP termination closer to the subscriber, which brings better broadband service, better network economics, and enables advanced services. Another element is the impending arrival of full duplex DOCSIS (FDX) — a true game changer in that it enables symmetrical services that compete better with FTTx/PON services.
The business side of migrating to IP network and FDX is huge because new markets can be now opened for cable providers, like mobility and the enterprise marketplace. And new services are now possible to businesses, like SD-WAN or hosted surveillance. For consumers, new services like collaboration, gaming and IoT indicate that the potential upside from network reinvention is huge. This sums up to increased revenues and a protected footprint, while offering better efficiencies and an extension of the network life span.
The mobile opportunity for cable operator was mentioned before but is certainly worth a closer look. Why? Because 5G is here – with enhanced mobile broadband that requires both access densification and a significant increase in backhaul capacity. Cable providers have the densest network connectivity in the ground, ready to plug cells into it and then run xHaul over DOCSIS, so it’s just fitting to match the two.
Actually, there are many who posit that the cable infrastructure will ultimately win in wireless, and this is clearly because it’s the most densest wired network.
The business opportunity for Cable providers in mobile has two major aspects: Offering mobile services to their subscribers with their own infrastructure, and wholesale backhaul to mobile service providers and private mobile operators, such as municipalities and businesses.
Making 5G work on cable needs expertise and mobile-ready capabilities for the access network. Cisco is leading the innovation in providing 5G timing sources through DOCSIS, and also in optimizing mobile and cable schedulers to significantly reduce latency and improve customer experience. And we are doing it with the major players in this field, and working to standardize these innovations.
5G and Cable are indeed a match, and Cisco is the partner that can help you realize it.
Read more on the ‘cable story’ in my previous posts:
And on Cisco’s cable access solutions.
With just a day left for the Finance Ministry of India to table its interim budget, we list down what Entertainment Industry can expect this year. Interim finance minister Piyush Goyal will be presenting the budget on February 1, as Arun Jaitley is in the US on medical leave.
With every big and small movies being leaked online, resulting in great loses to movie makers and theatre owners, the major concern currently for the Entertainment Industry is piracy.
Not just that, the government has been losing a good share of taxes on the ticket sales. Previously the allocation of Rs 110 crore was made towards cyber security. However, the share towards preventing piracy out of the same has been meagre. It would be interesting to see what amount the Government would allocate towards these projects for improving cyber security.
Consumers have already heaved a sigh of relief as the Government recently reduced GST from 28% to 18% for 66 items including DTH Set Top Box and Cables, movie tickets, mobiles, TV, digital cameras, and video camera recorders sets to name a few. This further indicates that it may bring down prices of white goods such as cameras.
Check out an overview of what 2019 Interim budget might have store in for the Entertainment Industry.
Pic Courtesy: Pixabay
Current GST on Movie Tickets: 18%
According to KPMG report, Film Industry from FY 2017 to FY 2018 have seen growth of 9.5%. Similarly the Domestic theatrical, Cable and Satellites rights and overseas theatrical, of Indian films saw a growth of 7.3%, 3.5% and 20.6% respectively from the FY 17 to FY 18.
Cinema goers are in a better place as Government has already reduced the GST on movie tickets. Cinema tickets up to Rs 100 which were under 18% GST slab were brought down to 12%, while tickets above Rs 100 which were under 28% slab were brought down to 18%.
Still, hopes are high that the GST on movie tickets can be further reduced from 18% to 12%.
One of the major concerns for Entertainment Industry currently is piracy. With every other big or small films being leaked online within a day of its release, Entertainment Industry has occurred huge losses.
In the 2018 budget, Government set aside Rs 110 crore for cyber security projects, including the National Cyber Security Co-ordination Centre and others. However, it failed to make any significant impact as the proportion of amount that could be attributed to prevent piracy has been meagre.
It goes without any saying that Entertainment Industry would be pinning their hopes high on the 2019 budget to allocate sufficient amount to stop piracy, and reap higher revenues from the films.
Pic Courtesy: Pixabay
According to the KPMG report, Television Industry has shown a growth of 9.5% from FY17 to FY18. While the advertising revenue of Television has seen a growth of 10.3%, the distribution revenue has seen a growth of 9.1% from FY 17 to FY 18.
According to the Manufacturing sector, the growth would have been more if the import duty charges on the Television parts would have been less, as it would have resulted a deduction in the prices of TV sets. This eventually would have given a boost to the number of people from the rural sector for purchasing TV sets.
At the 31st Goods and Service Tax (GST) council meeting, GST rates on several items were brought down from the top 28 per cent slab to 18 per cent which includes monitors and television up to screen size of 32 inches. According to Business Today, Budget 2019 may tweak customs duty on TV sets to give a further boost to the Make in India initiative.
Click here for Live Updates, latest news and detailed analysis of Union Budget 2019
Pic Courtesy: Pixabay
The way consumers are spending more and more time on the Digital sector, it would not be wrong to say that the Digital world will soon overtake or at least will be on par with Film and TV sector.
According to KMPG report, Digital access and consumption has seen a rapid growth over the last 24 months following the rollout of 4G aided by falling data cost and rapid growth in smartphone penetration.
Government should incentivise the digital content aggregators so as to create original content. The popularity has been rising and this could act as a substantial source of revenue both for the industry and the government. Also, the chances of piracy would be lower as the cyber security and safeguards would be the prime responsibility of the content delivery channels.
Also, aware of the rapid popularity of Digital world, the Government in the 2018 allocated RS 10,000 crore for 5 lakh Wi-Fi hot spots to provide broadband access to 5 crore rural citizens under Bharat Net Program. However the Government has not been successful enough to implement them. Whether the Government will mention about the 5 lakh Wi-Fi hots pots in the Union budget of 2019, is something everyone will be looking forward to.
Pic Courtesy: Pixabay
FDI policies, tax and duties rationalization are some of the areas which Radio Industry is hoping to get place in the Union Budget. The current Import duties on Radio equipment is 30%, a deduction in the GST will help to lower the cost of setup apex. The GST for radio advertising is at 18 per cent, a 5% slab is what Radio Industry is expecting.
Nisha Narayanan, COO, RED FM while talking to Afaqs, said “Radio has entered into additional tier 2-3 markets as part of phase 3 expansions and for the industry to look at additional cities for launching newer stations, the setup apex cost is something which needs to be lowered. This is only possible if the budget rationalises the import duties on radio equipment which is currently around 30 per cent. Currently, the FDI stands at 49 per cent for the radio industry. Liberalisation of the same will also majorly help in private FM stations to reach the current media-dark cities in India.”
Telecoms.com periodically invites third parties to share their views on the industry’s most pressing issues. In this piece Paul Gowans, Wireless Strategy Director at VIAVI Solutions, offers some top tips for getting your networks ready to switch to 5G.
The promises of 5G have been much heralded, from speeds of up to 100 times faster than those delivered by current connectivity to ultra-low latency in the range of one millisecond. The result is that end users already have huge expectations for the services and applications supported by 5G networks.
But 5G isn’t simply the next incremental update to existing communication standards. The services and network quality expected from 5G networks depend upon the seamless integration of many different elements. As such, innovative and rigorous testing is essential at every phase of 5G deployment, if network operators are to ensure delivery of consistent performance that both applications and users demand.
However, the inherent complexity of 5G represents a number of obstacles for any testing process. Unlike the linear expansion of 3G and 4G, 5G requires an exponential increase of RF channels, making channel emulation much more complex. Moreover, 5G’s infrastructure is vastly different, comprising massive MIMO (multiple-input/multiple-output), the use of new frequency bands such as millimeter wave (mmWave) spectrum, larger carrier bandwidths, and beamforming. As such, the technology used in 5G test equipment must advance rapidly to compensate for this new level of intricacy.
For example, massive MIMO can have more than 256 array elements that require a larger number of radio channels. The addition of beamforming means the array elements that serve the device can dynamically change, so traditional cable testing is neither viable nor cost-effective. Meanwhile, mmWave testing is a challenge because it can only be demonstrated using over-the-air (OTA) testing and specialist chambers. As such, operators must take into account the fact that mmWave is more susceptible to propagation and interference from both within and outside of the network.
As these examples illustrate, 5G deployment testing can be complex and challenging. Consequently, the successful and seamless deployment of 5G depends on the application of an optimized test toolkit at each of three individual phases.
Phase 1: Before beginning
Robust technology verification and validation (V&V) are essential before any 5G deployment can take place. It is during this phase that virtual network functions (VNFs) and network services are verified to ensure quality and reliability from the instant the network is deployed.
Measuring the complete performance of the network requires the application of scalable 5G test systems with integrated data services that are capable of simulating real-world user behavior in 5G field trials. 5G V&V also is intrinsically dependent upon the use of software to emulate and measure millions of unique data flows to enhance load/capacity testing and benchmarking capabilities.
Operators should take into account the need to perform functional and load testing of base stations in production environments, as well as the need to lab test new 5G features and interfaces. End-to-end testing of the air interface at the system level, as well as infrastructure validation testing of pilot network deployments, also are key.
Phase 2: Up and running
Once the 5G network is operational, an operator needs an appropriate suite of test tools for activation and scalability. This includes base station analyzers that are augmented to analyze the spectrum and interference of 5G signals in the millimeter wave range. Plus, network technicians require complementary testing software that monitors and ensures network performance while verifying service level agreements (SLAs). This augments existing 5G activation, performance monitoring and troubleshooting.
Advanced fiber testing is equally critical to 5G network performance. By co-locating baseband unit locations away from busy antenna sites, centralized radio access network (C-RAN) architecture can help facilitate the coordination of radio resources in real-time.
Phase 3: Monetization opportunities
Once the 5G network has been successfully deployed, it creates a myriad of opportunities for monetization. Operators have the opportunity to charge subscription fees for a range of new services and applications, such as ultra-fast mobile broadband, mobile HD video streaming, virtual reality gaming and multitudinous IoT applications.
However, the viability of these services and applications relies upon excellent quality of experience (QoE). For example, the demands of 5G traffic density can be met and QoE optimized by connecting a real-time intelligence platform to virtual agents throughout the network lifecycle.
Furthermore, operators have the opportunity to monetize network slicing. Enabled by 5G, network slicing allows operators to create multiple virtual networks that share a single physical infrastructure. Each slice can then be used for a specific use case based on a number of factors, including quality of service (QoS) and latency. For an operator to successfully monetize a slice, however, the network must be adequately tested and validated for performance assurance.
As the potential of 5G continues to be realized, the ongoing development of new applications and services will require more innovative and cost-effective testing tools. Likewise, for the bandwidth and latency improvements promised by 5G to occur, it’s crucial for operators to employ robust testing tools throughout the deployment lifecycle.