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Statistical significance In statistical hypothesis testing, a result has statistical significance when it is very unlikely to have occurred given the null hypothesis. More precisely, a study's defined significance level, denoted by \n \n \n \n α\n \n \n {\displaystyle \alpha }\n , is the probability of the study rejecting the null hypothesis, given that the null hypothesis is true; and the p-value of a result, \n \n \n \n p\n \n \n {\displaystyle p}\n , is the probability of obtaining a result at least as extreme, given that the null hypothesis is true.
Dependent type In computer science and logic, a dependent type is a type whose definition depends on a value. It is an overlapping feature of type theory and type systems.
Product manager A product manager (PM) is a professional role that is responsible for the development of products for an organization, known as the practice of product management. Product managers own the product strategy behind a product (physical or digital), specify its functional requirements, and manage feature releases.
Growth–share matrix The growth–share matrix (aka the product portfolio matrix, Boston Box, BCG-matrix, Boston matrix, Boston Consulting Group analysis, portfolio diagram) is a chart created in a collaborative effort by BCG employees: Alan Zakon first sketched it and then, together with his colleagues, refined it. BCG's founder Bruce D. Henderson popularized the concept in an essay titled "The Product Portfolio" in BCG's publication Perspectives in 1970.
Product strategy Product strategy defines the high-level plan for developing and marketing a product, how the product supports the business strategy and goals, and is brought to life through product roadmaps. A product strategy describes a vision of the future with this product, the ideal customer profile and market to serve, go-to-market and positioning (marketing), thematic areas of investment, and measures of success.
Tenuis alveolar click The voiceless or more precisely tenuis (post)alveolar click is a click consonant found primarily among the languages of southern Africa. The symbol in the International Phonetic Alphabet that represents this sound is ⟨ǃ⟩.
Marginal revenue productivity theory of wages The marginal revenue productivity theory of wages is a model of wage levels in which they set to match to the marginal revenue product of labor, \n \n \n \n M\n R\n P\n \n \n {\displaystyle MRP}\n (the value of the marginal product of labor), which is the increment to revenues caused by the increment to output produced by the last laborer employed. In a model, this is justified by an assumption that the firm is profit-maximizing and thus would employ labor only up to the point that marginal labor costs equal the marginal revenue generated for the firm.
PepsiCo Pepsi is a carbonated soft drink manufactured by PepsiCo. Originally created and developed in 1893 by Caleb Bradham and introduced as Brad's Drink, it was renamed as Pepsi-Cola in 1898, and then shortened to Pepsi in 1961.
Secondary growth In botany, secondary growth is the growth that results from cell division in the cambia or lateral meristems and that causes the stems and roots to thicken, while primary growth is growth that occurs as a result of cell division at the tips of stems and roots, causing them to elongate, and gives rise to primary tissue. Secondary growth occurs in most seed plants, but monocots usually lack secondary growth.
Financial crisis of 2007–2008 The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929).
Mathematical finance Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets.\nIn general, there exist two separate branches of finance that require advanced quantitative techniques: derivatives pricing on the one hand, and risk and portfolio management on the other.
Misinformation Misinformation is incorrect or misleading information. It is differentiated from disinformation, which is deliberately deceptive.
Electronics and semiconductor manufacturing industry in India The Indian electronics industry saw growth in the early years of the 21st century, encouraged both by government policies and incentives and by international investment. Its key and most resource-intensive segment, the semiconductor industry benefitted from domestic demand growing briskly.
Fairlight CMI The Fairlight CMI (short for Computer Musical Instrument) is a digital synthesizer, sampler, and digital audio workstation introduced in 1979 by Fairlight. It was based on a commercial licence of the Qasar M8 developed by Tony Furse of Creative Strategies in Sydney, Australia.
Adverse effect An adverse effect is an undesired harmful effect resulting from a medication or other intervention, such as surgery. An adverse effect may be termed a "side effect", when judged to be secondary to a main or therapeutic effect.
Force majeure Force majeure (lit. superior force, with the sense of overwhelming force, from French)\nis a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or sudden legal changes prevents one or both parties from fulfilling their obligations under the contract.
Survivorship bias Survivorship bias, survival bias or immortal time bias is the logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. This can lead to incorrect conclusions.
Rapid eye movement sleep Rapid eye movement sleep (REM sleep or REMS) is a unique phase of sleep in mammals and birds, characterized by random rapid movement of the eyes, accompanied by low muscle tone throughout the body, and the propensity of the sleeper to dream vividly.\nThe REM phase is also known as paradoxical sleep (PS) and sometimes desynchronized sleep, because of physiological similarities to waking states including rapid, low-voltage desynchronized brain waves.
Antarctica The Antarctic ( or , American English also or ; commonly ) is a polar region around Earth's South Pole, opposite the Arctic region around the North Pole. The Antarctic comprises the continent of Antarctica, the Kerguelen Plateau and other island territories located on the Antarctic Plate or south of the Antarctic Convergence.
Dynamic pricing Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing is a pricing strategy in which businesses set flexible prices for products or services based on current market demands. Businesses are able to change prices based on algorithms that take into account competitor pricing, supply and demand, and other external factors in the market.
History of modern Tunisia In its modern history, Tunisia is a sovereign republic, officially called the Republic of Tunisia. Tunisia has over ten million citizens, almost all of Arab-Berber descent.
Small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO).
MOSFET applications The metal–oxide–semiconductor field-effect transistor (MOSFET, MOS-FET, or MOS FET), also known as the metal–oxide–silicon transistor (MOS transistor, or MOS), is a type of insulated-gate field-effect transistor (IGFET) that is fabricated by the controlled oxidation of a semiconductor, typically silicon. The voltage of the covered gate determines the electrical conductivity of the device; this ability to change conductivity with the amount of applied voltage can be used for amplifying or switching electronic signals.
Muteness Muteness or mutism (from Latin mutus 'silent') is defined as an absence of speech while conserving or maintaining the ability to hear the speech of others. Mutism is typically understood as a person's inability to speak, and commonly observed by their family members, caregivers, teachers, doctors or speech and language pathologists.
Wikipedia Wikimedia Foundation, Inc. (WMF, or simply Wikimedia) is a 501(c)(3) nonprofit organization headquartered in San Francisco, California, registered as a charitable foundation under US law.
Edge computing Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve response times and save bandwidth.
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Don't ask, don't tell "Don't ask, don't tell" (DADT) was the official United States policy on military service by gay men, bisexuals, and lesbians, instituted during the Clinton administration. The policy was issued under Department of Defense Directive 1304.26 on December 21, 1993, and was in effect from February 28, 1994, until September 20, 2011.
Moral rights Moral rights are rights of creators of copyrighted works generally recognized in civil law jurisdictions and, to a lesser extent, in some common law jurisdictions.The moral rights include the right of attribution, the right to have a work published anonymously or pseudonymously, and the right to the integrity of the work. The preserving of the integrity of the work allows the author to object to alteration, distortion, or mutilation of the work that is "prejudicial to the author's honor or reputation".
Concurrent jurisdiction Concurrent jurisdiction exists where two or more courts from different systems simultaneously have jurisdiction over a specific case. This situation leads to forum shopping, as parties will try to have their civil or criminal case heard in the court that they perceive will be most favorable to them.
Extraterritorial jurisdiction Extraterritorial jurisdiction (ETJ) is the legal ability of a government to exercise authority beyond its normal boundaries.\nAny authority can claim ETJ over any external territory they wish.
Patent pending "Patent pending" (sometimes abbreviated by "pat. pend." or "pat.
Constitution Institutions are humanly devised structures of rules and norms that shape and constrain individual behavior. All definitions of institutions generally entail that there is a level of persistence and continuity.
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Banknotes of the United States dollar Banknotes of the United States dollar are currently issued as Federal Reserve Notes. Previous banknote versions that have been issued include Silver Certificates, Gold certificates and United States Notes.
Risk Factors
FRANKLIN ELECTRONIC PUBLISHERS INC ITEM 1A RISK FACTORS We believe that the most significant risks to our business are those set forth below
• We are Dependent on Development of New Products and Titles
We depend to a large extent on the introduction of successful new products and titles and enhancements of existing products to generate sales growth and replace declining revenues from certain older products and titles
We currently have several new products and titles under development; however, significant development efforts for a number of our proposed new products and titles will be required prior to their commercialization
A significant delay in the introduction of a new product or title could have a material adverse effect on our revenue or the ultimate success of the product or title
In addition, if revenues from new products and titles fail to replace declining revenues from certain existing products and titles, our operating results and growth could be adversely affected
There can be no assurance that new products and titles currently under development will be introduced on schedule, that they will generate significant revenues, or that we will be able to introduce additional new products and titles in the future
We May Not Maintain Optimal Inventory Levels
Our lead times are necessarily long because of the custom nature of certain components and because most of our components are manufactured and assembled by third parties in Asia
Accordingly, production and procurement planning are critically related to our anticipated sales volume
Any significant deviation from projected future sales could result in material shortages or surpluses of inventory
Shortages could cause our distribution base to shrink as customers turn to our competitors
Inventory surpluses could cause cash flow and other financial problems, which might cause us to liquidate inventory at a loss
There can be no assurance that our forecasts of demand for our products will be accurate
Inaccurate forecasts, or unsuccessful efforts by us to cope with surpluses or shortages, could have a material adverse effect on our business
• We Could be Adversely Affected by Changes in Technology
In general, the computer industry, and the electronics industry as a whole with respect to software and hardware, are subject to rapidly changing technology
Accordingly, the technology underlying our products may similarly be subject to change
The introduction of 8 ______________________________________________________________________ [36]Table of Contents products embodying new technologies and the emergence of new industry standards could exert price and/or performance pressure on our existing products or render such products unmarketable or obsolete
Our ability to anticipate changes in technology and industry standards and to develop and introduce new and enhanced products, as well as additional applications for existing products, in each case on a timely and cost-effective basis, will be a critical factor in our ability to grow and remain competitive
There can be no assurance that technological changes will not materially adversely affect our business
We Face Significant Competition
The consumer electronics and handheld product markets are highly competitive and characterized by rapid technological advances and the regular introduction of new products or enhancements of existing products
We believe that we face various degrees of competition at different price points and in different geographical regions in these markets
Competitive factors include product quality and reliability, price, performance, brand awareness, marketing and distribution capability, service and reputation
There can be no assurance that companies, whether or not currently in the consumer electronics or handheld product markets, will not enter the markets in which we currently sell our products
There can be no assurance that other companies, currently in the consumer electronics industry, will not enter the electronic reference market
Many of such companies have greater capital, research and development, marketing and distribution resources than we do
If new competitors emerge or the existing market becomes more competitive, we could experience significant pressure on prices and margins
• We are Dependent on a Small Number of Suppliers and Manufacturers
Certain integrated circuits essential to the functioning of our products are manufactured by a relatively small number of overseas or domestic suppliers
Missed, late or erratic deliveries of custom IC-ROMs and other parts could have a material adverse impact on the timing of new product deliveries as well as our ability to meet demand for existing products
If any one of the integrated circuit suppliers were unable to meet its commitments to us on a timely basis, such failure could have a material adverse effect on our business
Our products are assembled by third party manufacturers in Asia
The inability of any of these manufacturers to meet our delivery schedules could adversely affect our sales
Two manufacturers accounted for 26prca and 25prca respectively, of our inventory purchases during fiscal 2006
• We license Key Titles from Others
We depend on licenses from a variety of well-established publishers such as Merriam-Webster, Harper Collins, Editions Larousse, Ernst Klett International and Langenscheidt KG for the right to distribute approximately 100 reference titles, including several versions of English and bilingual dictionaries, Bible related works, children’s language learning devices, test preparation devices, entertainment-oriented device and encyclopedias
If an existing license agreement covering certain of our core reference titles was terminated or not renewed, we would have to develop and introduce alternative or new titles, which could have a negative impact on our results of operations and profitability
We cannot guarantee that we will be able to extend the terms of our existing license agreements or that we will be successful in negotiating alternative or new license agreements
• Over 10prca of Our Sales Come from One Product
We derived 11prca of our consolidated revenue for the fiscal year ended March 31, 2006 from one product under a license that expires in March 2008
We derived 11prca of our consolidated revenue for each of the fiscal years ended March 31, 2005 and 2004, respectively, from a different product under a license that also expires in March 2008
Our Intellectual Property Rights May be Challenged
We own utility and design patents in the United States and other countries on our electronic books
There can be no assurance (i) that the claims allowed under any patents will be sufficiently broad to protect our technology, (ii) that the patents issued to us will not be challenged, invalidated or circumvented or (iii) as to the degree or adequacy of protection any patents or patent applications will afford
We also claim proprietary rights in various technologies, know-how, trade secrets and trademarks which relate to our principal products and operations, none of which rights is the subject of patents or patent applications in any jurisdiction
There can be no assurance as to the degree of protection these rights may or will afford us or that third parties will not obtain patent rights that may be interposed against our products
We expect that international sales will continue to constitute a material portion of our business
Our international business is subject to various risks common to international activities, including political and economic instability and the need to comply with both 9 ______________________________________________________________________ [37]Table of Contents import and export laws, tariff regulations and regulatory requirements
There can be no assurance that political or economic instability in any given country or countries will not have an adverse impact on our overall operations
Approximately 24prca of our fiscal 2006 sales were made in currencies other than the US dollar, resulting in our being subject to the risk of fluctuation in currency values from period to period
We maintain a program of selling Euros at current rates for future settlement in order to protect the dollar value of sales generated by Euro based foreign subsidiaries
Although economic gains or losses on these contracts are generally offset by the gains or losses on underlying transactions, the Company seeks to minimize its foreign currency exposure on a macro basis rather than at the transactional level
• Over 50prca of Our Sales Come from our North American Consumer Division
We derived 51prca of sales from our North American Consumer Division in the year ended March 31, 2006
Seventy-five percent of these sales come from 10 customers
If any of these 10 customers were to discontinue buying from us, there is no assurance that we could replace the lost business by increasing sales to existing customers or by finding new customers