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Wiki Wiki Summary
Osteoporosis Osteoporosis is a systemic skeletal disorder characterized by low bone mass, micro-architectural deterioration of bone tissue leading to bone fragility, and consequent increase in fracture risk. It is the most common reason for a broken bone among the elderly.
Nuclear meltdown A nuclear meltdown (core meltdown, core melt accident, meltdown or partial core melt) is a severe nuclear reactor accident that results in core damage from overheating. The term nuclear meltdown is not officially defined by the International Atomic Energy Agency or by the United States Nuclear Regulatory Commission.
The Fate of the World Depends on This Kiss The Fate of the World Depends on This Kiss is the second album from Whitehorse, a band consisting of Melissa McClelland and Luke Doucet. The album was released on August 28, 2012 in Canada by Six Shooter Records.The album was shortlisted for the 2013 Polaris Music Prize on June 13, 2013.
Profit (economics) An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs.
Yoda conditions In programming jargon, Yoda conditions (also called Yoda notation) is a programming style where the two parts of an expression are reversed from the typical order in a conditional statement. A Yoda condition places the constant portion of the expression on the left side of the conditional statement.
Standard temperature and pressure Standard temperature and pressure (STP) are standard sets of conditions for experimental measurements to be established to allow comparisons to be made between different sets of data. The most used standards are those of the International Union of Pure and Applied Chemistry (IUPAC) and the National Institute of Standards and Technology (NIST), although these are not universally accepted standards.
Hydraulic fracturing Hydraulic fracturing, also called fracking, hydrofracking, and hydrofracturing, is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely.
Payment Card Industry Data Security Standard The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard for organizations that handle branded credit cards from the major card schemes.\nThe PCI Standard is mandated by the card brands but administered by the Payment Card Industry Security Standards Council.
Delay-tolerant networking Delay-tolerant networking (DTN) is an approach to computer network architecture that seeks to address the technical issues in heterogeneous networks that may lack continuous network connectivity. Examples of such networks are those operating in mobile or extreme terrestrial environments, or planned networks in space.
Product key A product key, also known as a software key, is a specific software-based key for a computer program. It certifies that the copy of the program is original.
Tolling (law) Tolling is a legal doctrine that allows for the pausing or delaying of the running of the period of time set forth by a statute of limitations, such that a lawsuit may potentially be filed even after the statute of limitations has run. Although grounds for tolling the statute of limitations vary by jurisdiction, common grounds include:\nThe plaintiff was a minor at the time a cause of action accrued.
Shelby Series 1 Shelby Series 1 is a high-performance roadster designed by Carroll Shelby and produced by Shelby American.\nIt was powered by Oldsmobile's 4.0 L L47 Aurora V8 DOHC engine.
Sumitomo Electric Bordnetze Sumitomo Electric Bordnetze is a supplier of electronic wire harnesses and components for the international automotive industry.\nWith its Headquarter in Wolfsburg, Germany, the company employs approx.
Computer-aided manufacturing Computer-aided manufacturing (CAM) also known as computer-aided modeling or computer-aided machining is the use of software to control machine tools in the manufacturing of work pieces. This is not the only definition for CAM, but it is the most common; CAM may also refer to the use of a computer to assist in all operations of a manufacturing plant, including planning, management, transportation and storage.
Monopoly A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market.
Penetration pricing Penetration pricing is a pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and initiate word of mouth. The strategy works on the expectation that customers will switch to the new brand because of the lower price.
Mobile game A mobile game is a video game that is typically played on a mobile phone. The term also refers to all games that are played on any portable device, including from mobile phone (feature phone or smartphone), tablet, PDA to handheld game console, portable media player or graphing calculator, with and without network availability.
Design of the FAT file system A FAT file system is a specific type of computer file system architecture and a family of industry-standard file systems utilizing it.\nThe FAT file system is a legacy file system which is simple and robust.
Rheem Manufacturing Company Rheem Manufacturing Company is an American privately held manufacturer that produces residential and commercial water heaters and boilers, as well as heating, ventilating and air conditioning (HVAC) equipment. The company also produces and sells products under the Ruud brand name.
Westinghouse Electric Corporation The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse. It was originally named "Westinghouse Electric & Manufacturing Company", and was renamed "Westinghouse Electric Corporation" in 1945.
Tables of historical exchange rates to the United States dollar Listed below is a of historical exchange rates relative to the U.S. dollar, at present the most widely traded currency in the world. An exchange rate represents the value of one currency in another.
Risk premium A risk premium is a measure of excess return that is required by an individual to compensate being subjected to an increased level of risk. It is used widely in finance and economics, the general definition being the expected risky return less the risk-free return, as demonstrated by the formula below.
Cold-weather warfare Cold-weather warfare, also known as arctic warfare or winter warfare, encompasses military operations affected by snow, ice, thawing conditions or cold, both on land and at sea. Cold-weather conditions occur year-round at high elevation or at high latitudes, and elsewhere materialise seasonally during the winter period.
Labor rights Labor rights or workers' rights are both legal rights and human rights relating to labor relations between workers and employers. These rights are codified in national and international labor and employment law.
Reconstruction of Germany The reconstruction of Germany was a long process of rebuilding Germany after the destruction endured during World War II. Germany had suffered heavy losses during the war, both in lives and industrial power. 6.9 to 7.5 million Germans had been killed, roughly 8.26 to 8.86% of the population (see also World War II casualties).
Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed.
Sales tax A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.
Creative accounting Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate from the spirit of those rules with questionable accounting ethics—specifically distorting results in favor of the "preparers", or the firm that hired the accountant. They are characterized by excessive complication and the use of novel ways of characterizing income, assets, or liabilities, and the intent to influence readers towards the interpretations desired by the authors.
Business Model Canvas The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. It offers a visual chart with elements describing a firm's or product's value proposition, infrastructure, customers, and finances, assisting businesses to align their activities by illustrating potential trade-offs.
Incident at Antioch The incident at Antioch was an Apostolic Age dispute between the apostles Paul and Peter which occurred in the city of Antioch around the middle of the first century. The primary source for the incident is Paul's Epistle to the Galatians 2:11–14.
Gross income For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions).
Net present value The net present value (NPV) or net present worth (NPW) applies to a series of cash flows occurring at different times. The present value of a cash flow depends on the interval of time between now and the cash flow.
Natural disaster A natural disaster is "the negative impact following an actual occurrence of natural hazard in the event that it significantly harms a community". A natural disaster can cause loss of life or damage property, and typically leaves some economic damage in its wake.
GE Power GE Power (formerly known as GE Energy) is an American energy technology company, owned by General Electric.\n\n\n== Structure ==\nAs of July 2019, GE Power is divided into the following divisions:\n\nGE Gas Power (formerly Alstom Power Turbomachines), based in Atlanta, Georgia.
Sprague Electric Sprague Electric Company was an electronic component maker founded by Robert C. Sprague in 1926.\nSprague was best known for making a large line of capacitors used in a wide variety of electrical and electronic in commercial, industrial and military/space applications.
Additional Mathematics Additional Mathematics is a qualification in mathematics, commonly taken by students in high-school (or GCSE exam takers in the United Kingdom). It is applied to a range of problems set out in a different format and wider content to the standard Mathematics at the same level.
Risk Factors
SAUER DANFOSS INC Item 1A Risk Factors
The Company’s business, financial condition, results of operations and cash flows can be affected by a number of factors, including but not limited to those set forth below and elsewhere in this annual report on Form 10-K, any one of which could cause actual results to vary materially from recent results or from anticipated future results
International Operations The Company depends on the strength of the economies in various parts of the world, particularly in the US and Europe
As a result of this worldwide exposure, net revenue and profitability may be harmed as a result of economic conditions in the major markets in which the Company operates, including, but not limited to, recessions, inflation and deflation, general weakness in the agriculture, construction and specialty markets, and changes in consumer purchasing power
Technology Change The hydraulic industry and markets for component parts of mobile hydraulics are subject to technological change, evolving industry standards, changing customer requirements and improvements in and expansion of product offerings
Although the Company believes that it has the technological capabilities to remain competitive, technological advances or developments by competitors or others could result in the Company making significant capital expenditures in order to remain competitive and to avoid material adverse effects on its business, financial conditions and results of operations
Implementation of New Business System The Company is in the process of implementing a common business system at all locations
Any significant problems incurred related to this system implementation may delay or stop manufacturing and hinder the Company’s ability to ship product in a timely manner or affect the Company’s ability to access financial information
These problems could result in the loss of customers, a decrease in revenue or significant costs to correct the problem
Raw Material Availability The Company purchases raw materials and component parts from suppliers to be used in the manufacture of products
Changes in relationships with suppliers or increases in the costs of purchased raw materials including steel and other metals, and component parts could result in manufacturing 7 ______________________________________________________________________ interruptions, delays, inefficiencies, or the inability to market products
In addition, profit margins would decrease if prices of purchased raw materials or component parts increase and the Company is unable to pass on those increases to its customers
Pricing and Competitive Pressures from OEM Customers A majority of the Company’s sales are directly to OEM customers
Increasingly, OEM customers are seeking to use their positions as volume purchasers in the mobile hydraulics market to obtain preferential pricing and to obtain substantial quality assurance protection from suppliers
Currency Exchange Rates The Company has a number of manufacturing sites throughout the world and sells products in several countries other than those where the product is manufactured
As a result, the Company has exposure to movements in the exchange rates of various currencies against the US dollar and against the currencies of countries in which the main manufacturing facilities are located
The Company’s most significant foreign currency exposures are the euro, pound sterling and Danish kroner
Exchange rate fluctuations relative to the US dollar could adversely affect the Company’s results of operations
Cyclicality: Risks Associated with General Economic Conditions The capital goods industry in general and mobile hydraulics industry in particular are subject to economic cycles
Cyclical downturns have in the past had and could in the future have a material adverse effect on the demand for the Company’s products and, consequently, on the Company’s business, financial condition, and results of operations
Demand for the Company’s products is dependent upon the general condition of the off-highway mobile equipment industry which may be affected by numerous factors, including levels of construction activity, weather conditions and interest rates
The Company’s results of operations are also subject to price competition and the cost of supplies and labor, both of which are affected by general economic conditions
The Company derives substantial sales from cyclical industries, including the turf care, material handling, construction and agricultural equipment industries
Periods of economic recession in the US or Europe or any other major industrial market could cause a substantial decrease in the Company’s net sales and have a material adverse effect on the Company’s business, financial conditions and results of operations
Income Tax Estimates The Company is subject to income taxes in the US and numerous non-US jurisdictions
Significant judgment is required in determining the worldwide provision for income taxes
In the ordinary course of business, there are many transactions and calculations where the ultimate tax determination is uncertain
The Company is periodically under audit by tax authorities
Although management believes tax estimates are reasonable, the final outcome of tax audits and any related litigation could be materially different than that which is reflected in historical income tax provisions and accruals
Based on the status of a given tax audit or related litigation, a material effect on the Company’s income tax provision or net income may result in the period or periods from initial recognition in the Company’s reported financial results to the final closure of that tax audit or settlement of related litigation when the ultimate tax and related cash flow is known with certainty
Catastrophic Events Unforeseen events, including war, terrorism and other international conflicts, public health issues, and natural disasters such as earthquakes, hurricanes or other adverse weather and climate conditions, whether occurring in the US or abroad, could disrupt the Company’s operations, disrupt the operations of suppliers or customers, or result in political or economic instability
These events could reduce demand for 8 ______________________________________________________________________ hydraulic and electric products and make it difficult or impossible for the Company to manufacture products, deliver products to customers, or to receive products from suppliers
The foregoing list is not exhaustive
There can be no assurance that the Company has correctly identified and appropriately assessed all factors affecting the Company or that the publicly available and other information with respect to these matters is complete and correct
Additional risk and uncertainties not presently known to the Company or that are currently believed to be immaterial also may adversely impact the business
Should any risks or uncertainties develop into actual events, these developments could have a material adverse effect on the Company’s business, financial condition, and results of operations