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Alisher Usmanov Alisher Burkhanovich Usmanov (Russian: Алишер Бурханович Усманов; born 9 September 1953) is an Uzbek-born Russian businessman and oligarch. By 2022, Usmanov had an estimated net worth of $19.5 billion and was among the world's 100 wealthiest people.Usmanov made his wealth after the collapse of the Soviet Union, through metal and mining operations, and investments.
2011 military intervention in Libya On 19 March 2011, a multi-state NATO-led coalition began a military intervention in Libya, to implement United Nations Security Council Resolution 1973, in response to events during the First Libyan Civil War. With ten votes in favour and five abstentions, the UN Security Council's intent was to have "an immediate ceasefire in Libya, including an end to the current attacks against civilians, which it said might constitute "crimes against humanity" ...
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Medical license A medical license is an occupational license that permits a person to legally practice medicine. In most countries, a person must have a medical license bestowed either by a specified government-approved professional association or a government agency before he or she can practice medicine.
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Profitability analysis In cost accounting, profitability analysis is an analysis of the profitability of an organisation's output. Output of an organisation can be grouped into products, customers, locations, channels and/or transactions.
Customer Profitability Analysis Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g.
Small Is Profitable Small Is Profitable: The Hidden Economic Benefits of Making Electrical Resources the Right Size is a 2002 book by energy analyst Amory Lovins and others. The book describes 207 ways in which the size of "electrical resources"—devices that make, save, or store electricity—affects their economic value.
Profitable growth Profitable Growth is the combination of profitability and growth, more precisely the combination of Economic Profitability and Growth of Free cash flows. Profitable growth is aimed at seducing the financial community; it emerged in the early 80s when shareholder value creation became firms’ main objective.
Customer profitability Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g.
Porter's five forces analysis Porter's Five Forces Framework is a method of analysing the operating environment of a competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability.
Net income In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.It is computed as the residual of all revenues and gains less all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. It is different from gross income, which only deducts the cost of goods sold from revenue.
Anthropogenic hazard Anthropogenic hazards are hazards caused by human action or inaction. They are contrasted with natural hazards.
Technology Technology is the result of accumulated knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization.
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Healing Is Difficult Healing Is Difficult is the second studio album by Australian singer and songwriter Sia. It was released in the United Kingdom on 9 July 2001 and in the United States on 28 May 2002.
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Compensation and benefits Compensation and benefits (C&B) is a sub-discipline of human resources, focused on employee compensation and benefits policy-making. While compensation and benefits are tangible, there are intangible rewards such as recognition, work-life and development.
Balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. \nThe powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws.
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Risk Factors
DATALINK CORP Item 1A Risk Factors
As indicated in this Annual Report under the caption “Note Regarding Forward-Looking Statements,” certain information contained in this Annual Report consists of forward-looking statements
Important factors that could cause actual results to differ materially from the forward-looking statements made in this Annual Report include the following: We cannot assure future profitability
Although we achieved positive net income in the fourth quarter of 2004 and for the second, third and fourth quarters of 2005, we have incurred net losses all other quarters since the fourth quarter of 2001
We cannot assure that we will return to profitability in the foreseeable future, or at all
Our continued losses may adversely affect our stock price
Competition could prevent us from increasing or sustaining our revenues or profitability
The enterprise-class information storage market is rapidly evolving and highly competitive
As technologies change rapidly, we expect that competition will increase in the future
We compete with independent storage system suppliers to the mid to large enterprise market and numerous value added resellers, distributors and consultants
We also compete in the storage systems market with general purpose computer platform suppliers
Many of our current and potential competitors have significantly greater financial, technical, marketing, purchasing and other resources than we do
As a result, they may respond more quickly to new or emerging technologies and changes in customer requirements, devote greater resources to the development, promotion and sale of products and deliver competitive products at lower end-user prices
Some of our current and potential competitors include our suppliers
We are not the exclusive reseller of any data storage product we offer
Instead, our suppliers market their products through other 9 ______________________________________________________________________ independent data storage solution providers, original equipment manufacturers and, often, through their own internal sales forces
We believe direct competition from our suppliers is likely to increase if, as expected, the data storage industry continues to consolidate
This consolidation would likely result in fewer suppliers with greater resources to devote to internal sales and marketing efforts
In addition, our suppliers have established and will probably continue to establish cooperative relationships with other suppliers and other data storage solution providers
These cooperative relationships are often intended to enable our suppliers to offer comprehensive storage solutions, which compete with those we offer
If our relationships with our suppliers become adversarial, it will be more difficult for us to stay ahead of industry developments and provide our customers with the type of service they expect from us
In addition, most of our customers already employ in-house technical staffs
To the extent a customer’s in-house technical staff develops sophisticated storage systems expertise, the customer may be less likely to seek our services
Further, we compete with storage service providers who manage, store and backup their customers’ data at off-site, networked data storage locations
We derive a significant percentage of our revenues from a small number of customers
In 2005, we had no customers that accounted for at least 10prca of our revenues
However, our top five customers collectively accounted for 27prca of our 2005 revenues
Because we intend to continue to seek out large projects, we expect that a significant percentage of our revenues will continue to come from a small number of customers, although the composition of our key customers is likely to change from year to year
If we fail to obtain a growing number of large projects each year, our revenues and profitability will likely be adversely affected
In addition, our reliance on large projects makes it more likely that our revenues and profits will fluctuate unpredictably from quarter to quarter and year to year
Unpredictable revenue and profit fluctuations may make our stock price more volatile and lead to a decline in our stock price
Our revenue recognition policies unpredictably defer reporting of our revenues
We increasingly sell complex enterprise-class information storage solutions, which include installation and configuration services
We do not recognize revenues from our sale of hardware and software products to our customers until we complete our required installation or configuration of these products
Installation and configuration of these solutions requires significant coordination with our customers and vendors
Therefore, even if we have shipped all products to our customers, we may be unable to control the timing of product installation and configuration
These delays can prevent us from recognizing revenue on products we ship and may adversely affect our quarterly reported revenues
Our key vendors could discontinue their incentive programs, which could adversely affect our business
Several of our key vendors have offered incentive programs to us over the past several years based on our achievement of particular sales levels of their products
These programs contributed to our profitability in 2004 and 2005
We cannot assure that these programs will continue
If they do not, we may be unable to achieve profitability in the future
Our business depends on our ability to hire and retain technical personnel and highly qualified sales people
Our future operating results depend upon our ability to attract, retain and motivate qualified engineers and sales people with enterprise-class information storage solutions experience
If we fail to recruit and retain additional engineering and sales personnel, or if continued losses require us in the future to terminate employment of some of these personnel, we will experience greater difficulty realizing our growth strategy, which could negatively affect our business, financial condition and stock price
10 ______________________________________________________________________ We generally do not have employment agreements with our key employees
Our future operating results depend in significant part upon the continued contributions of our executive officers, managers, salespeople, engineers and other technical personnel, many who have substantial experience in our industry and would be difficult to replace
Except as to our new Chief Financial Officer, we generally do not have employment, non-competition or nondisclosure agreements with our officers or employees, including our executive officers
Accordingly, our employees may voluntarily leave us at any time and work for our competitors
Our growth strategy depends in part on our ability to retain our current employees and hire new employees
Any failure to retain our key employees will make it much more difficult for us to maintain our operations and attain our growth objectives and could therefore be expected to adversely affect our operating results, financial condition and stock price
Our long sales cycle may cause fluctuating operating results, which may adversely affect our stock price
Our sales cycle is typically long and unpredictable, making it difficult to plan our business
Economic conditions over the past several years have increased this uncertainty
Our long sales cycle requires us to invest resources in potential projects that may not occur
In addition, our long and unpredictable sales cycle may cause us to experience significant fluctuations in our future annual and quarterly operating results
It can also result in delayed revenues, difficulty in matching revenues with expenses and increased expenditures
Our business, operating results or financial condition and stock price may suffer as a result of any of these factors
If the data storage industry fails to develop compelling new storage technologies, our business may suffer
Rapid and complex technological change, frequent new product introductions and evolving industry standards increase demand for our services
Because of this, our future success depends in part on the data storage industry’s ability to continue to develop leading-edge storage technology solutions
Our customers utilize our services in part because they know that newer technologies offer them significant benefits over the older technologies they are using
If the data storage industry ceases to develop compelling new storage solutions, or if a single data storage standard becomes widely accepted and implemented, it will be more difficult to sell new data storage systems to our customers
We may not be fully compliant with Sarbanes-Oxley regulations
Beginning with our year-end audit for 2007, Section 404 of the Sarbanes-Oxley Act of 2002 will require us to formally assess and attest that our internal controls are sufficient to provide accurate reporting of financial results
We will engage our independent accountants to perform an audit of our assessment and issue an opinion on the sufficiency of our internal controls
We are in the beginning phases of our assessment
Although we expect to incur significant costs to achieve compliance, we do not know if we will be fully compliant with the regulations by the end of 2007
If we are not compliant, we may incur additional costs to become compliant, we could lose our Nasdaq Stock Market listing and our stock price could be unfavorably impacted
Control by our existing stockholders could discourage the potential acquisition of our business
Currently, our executive officers and directors beneficially own approximately 38prca of our outstanding common stock
Acting together, these insiders may be able to elect our entire Board of Directors and control the outcome of all other matters requiring stockholder approval
This voting concentration may also have the effect of delaying or preventing a change in our management or control or otherwise discourage potential acquirers from attempting to gain control of us
If potential acquirers are deterred, you may lose an opportunity to profit from a possible acquisition premium in our stock price
The market price of our common stock has fluctuated significantly since our initial public offering, and may continue to be volatile
We cannot assure you that our stock price will increase, or even that it will not decline significantly from the price you pay
Our stock price may be adversely affected by many factors, including: · actual or anticipated fluctuations in our operating results, including those resulting from changes in accounting rules; · announcements of technical innovations; · new products or services offered by us, our suppliers or our competitors; · changes in estimates by securities analysts of our future financial performance; · our compliance with SEC and Nasdaq rules and regulations, including the Sarbanes-Oxley Act of 2002; and · general market conditions, including the effects of economic conditions over the past several years and war and terrorism threats
Our governing documents and Minnesota law may discourage the potential acquisitions of our business
Our Board of Directors may issue additional shares of capital stock and establish their rights, preferences and classes, in some cases without stockholder approval
In addition, we are subject to anti-takeover provisions of Minnesota law
These provisions may deter or discourage takeover attempts and other changes in control of us not approved by our Board of Directors
If potential acquirers are deterred, you may lose an opportunity to profit from a possible acquisition premium in our stock price
We perform impairment analyses of our goodwill at least annually or when we believe there is an impairment
Future events could cause us to conclude that impairment indicators exist and that goodwill associated with our acquired businesses is impaired
Any resulting impairment loss could have a material adverse impact on our financial condition and results of operations
If we fail to elect an additional independent director to our Board, we may lose our Nasdaq Stock Market listing
In March 2006, one of our directors, Gregory T Barnum, accepted employment with us as our new Chief Financial Officer
Barnum resigned from our Board of Directors
This action left us with six directors, only three of whom we have determined are “independent” under the rules of the Nasdaq Stock Market
Nasdaq requires that we have a majority of directors who are independent
In accordance with Nasdaq rules, we have until our next scheduled annual meeting (in May 2006) to correct this deficiency
Until we do so, Nasdaq will identify us as a non-compliant company, which could adversely affect our stock price
We cannot assure that we will timely identify and elect a new independent director or obtain the resignation of a non-independent director to otherwise comply with the Nasdaq rules
If we fail to timely comply, Nasdaq could remove our stock from trading, which could adversely affect our stock price
12 ______________________________________________________________________ Our future recognition of the expenses associated with stock-based compensation may adversely affect our stock price
In the first quarter of 2006, we will adopt SFAS 123(R), which will require us to measure and recognize compensation expense for all stock-based compensation based on estimated fair values
As a result, our operating results for 2006 and future years will contain a charge for stock-based compensation related to restricted stock and stock options granted to employees and employee stock purchases
This charge is in addition to any stock-based compensation we have recognized in the past
SFAS 123(R) requires the use of an option pricing model to determine the fair value of share-based payment awards
Our stock price, as well as assumptions regarding a number of highly complex and subjective variables, will affect our determination of fair value
We cannot assure that the valuation models we apply will accurately measure the fair value of our stock-based compensation
Our stock price may be adversely affected by the existence, amount or unpredictability of our future stock-based compensation expense