MILLS

Socket Mobile Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
GAAP, IOS, Traction, SDK, IPhone, Operating cost, Video game

First Quarter 2024 Financial Highlights:

Key Points: 
  • First Quarter 2024 Financial Highlights:
    Revenue of $5.0 million, reflecting a 15% increase compared to $4.3 million for the prior year's quarter, and a 13% sequential increase compared to $4.4 million for the preceding quarter.
  • Gross margin of 50.3% versus 48.1% in the prior year's quarter and 52.8% in the preceding quarter.
  • "Our first quarter results were in line with our expectations," said Kevin Mills, President, and Chief Executive Officer.
  • Management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future.

Stäubli continues to expand its North American manufacturing of solar PV components

Retrieved on: 
Tuesday, April 30, 2024
PV, Investment, Safety, Landing slot, Renewable energy, Originality, History, Plant, Automation, Inflation, Power, MC4

WINDSOR, Calif., April 30, 2024 /PRNewswire/ -- Stäubli North America announced major new investments to expand its manufacturing and assembly operations, continuing to increase capacity in their plants in South Carolina and California.

Key Points: 
  • Stäubli is a market leader in connecting more than 50% of PV capacity worldwide, ensuring long-lasting and reliable solar power transmission.
  • The company established its North American presence in 1980 in Duncan, South Carolina.
  • In 2011, the company expanded with a 43,000-square-foot manufacturing facility for electrical PV connectors and other products in Windsor, California.
  • Stäubli North America is celebrating more than 15 years of PV component manufacturing in the USA.

A new measure of firm-level competition: an application to euro area banks

Retrieved on: 
Thursday, April 18, 2024
Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

Abstract

Key Points: 
    • Abstract
      This paper extends Boone (2008) by introducing a competition measure at the individual
      firm level rather than for an entire market segment.
    • We apply this extended Boone indicator to individual bank-level competition
      in the loan market in the four largest euro area countries and Austria.
    • Our new measure of firm-level competition enriches and complements
      other competition measures and provides a promising starting point for future market
      power analyses.
    • The only measure among non-structural measures that is based on the
      concept of competition as a process of rivalry is the Boone (2008) indicator.
    • We introduce
      a new performance measure of competition by extending the Boone indicator to the
      individual firm level.
    • Introduction
      The ability to reliably measure competition is valuable to researchers, analysts, and
      policymakers, especially antitrust authorities, financial supervisors, and central banks.
    • One broad
      category of indicators often used to measure competition are structural competition
      measures, such as static concentration measures, and dynamic measures, e.g., entry and
      exit rates.
    • Out of these measures, the only measure based on the
      concept of competition as a process of rivalry is the Boone indicator.
    • This study introduces a new performance measure of competition by extending the
      Boone indicator to the individual firm level.
    • It thus measures the
      increase in profits in percent of one percentage point increase in efficiency, with marginal
      costs as measure of efficiency.
    • We extend the theoretical
      underpinning of the measurement of competition for the entire market of Boone (2008) by
      a new measure of individual firm-level competition.
    • A concern of the literature is the gap
      between the practical application and the theoretical framework of Boone (2008).
    • We introduce within the same theoretical
      framework a new measure of competition on firm level, the MRP.
    • Our new
      measure significantly augments the antitrust evaluative framework by shedding light on
      whether a merger results in a less competitive market.
    • Our novel indicator focuses on
      firms? incentives to enhance their relative efficiency, as manifested in the elasticity
      between relative profits and efficiency.
    • However, an inefficient firm that is foreclosed could be more
      competitive than the larger efficient firm that relies on its scale economies.
    • Our new metric of competition unveils
      banks? ability to influence their profitability in the short term by cutting costs relative to
      their peers.
    • The new MRP indicator provides the ability to assess the impact
      of individual banks? competitiveness on their interest rate-setting behaviour in loan
      markets.
    • Incorporating this information promises a more refined understanding of the impact and
      timing of monetary policy rates changes on the real economy.
    • Section 3 introduces within the Boone
      (2008) theoretical framework our new measure of individual firm-level competition,
      including the interpretation of the MRP.
    • Section 4 provides an application of our new
      ECB Working Paper Series No 2925

      6

      individual firm-level competition measure to the loan market.

    • The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
      industrial organization for analysing competition behaviour in markets.
    • Concentrated
      markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
      markets result in higher prices and profits.
    • For example, a tougher competition
      setup may lead to a reallocation of market shares, potentially forcing some firms to exit
      the market.
    • This approach gives firms? strategic behaviour
      central stage and focuses on the strategic interaction on prices and quantities, known as
      conjectural variation.
    • Another measure from
      this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
    • The only competition measure from this performance literature where competition is the
      outcome from a process of rivalry is the Boone indicator.
    • A continuous and monotonically increasing relationship exists between
      RPD and the level of competition if firms are ranked by decreasing efficiency.
    • (2013) compare the Boone indicator with the price-cost margin
      and conclude that the profit elasticity is a more reliable measure of competition.
    • The high
      elasticity of profits to efficiency unequivocally indicates that the high market shares and
      therefore high profits are due to high efficiency.
    • A firm that quickly passes changes to the input prices is seen as a price
      taker with little market power.
    • Indicators of competition tend to measure different phenomenon and may provide
      conflicting messages, as reported for European banking by Carbo et al.
    • Application 2: Test the ?quiet life? and related market structure hypotheses using the
      MRP as competition or market structure measure.
    • Data
      Our application to individual bank-level competition in the euro area loan market uses
      balance sheet and income statement data from the Moody?s Analytics BankFocus for the
      calendar years 2013-2020.
    • As such, most publications
      on competition in the euro area includes the largest four member states.
    • Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
      banks (depending on the year) from five euro area countries.
    • Application 1: Measure bank competition using MRP
      Looking at the distribution of the MRP for individual banks (Fig.
    • A similar finding for the four largest euro area countries as a group is
      reported in Carbo et al.
    • Application 2: Test of market structure hypotheses using MRP
      Our new measure of individual-bank competition can be used to test market structure
      theories.
    • Euro area banks? market power,
      lending channel and stability: the effects of negative policy rates, European Central Bank
      Working Paper, 2790 (February).
    • A
      new approach to measuring competition in the loan markets of the euro area, Applied
      Economics, 43 (23), 3155?3167.
    • Impact of bank competition on the interest rate pass-through in the euro area, Applied
      Economics, 45 (11), 1359?1380.

Travis Mills to Deliver Commencement Address at 125th Husson Graduation

Retrieved on: 
Monday, March 25, 2024
Health, Amputation, Veteran, Relaxation, Science, Humanities, Education, Husson University, Cross Insurance Center, Family, Nursing

BANGOR, MAINE, March 25, 2024 (GLOBE NEWSWIRE) -- Husson University is pleased to announce that Retired United States Army Staff Sergeant Travis Mills will deliver the address at the 2024 Husson University Commencement on Saturday, May 4, 2024.

Key Points: 
  • BANGOR, MAINE, March 25, 2024 (GLOBE NEWSWIRE) -- Husson University is pleased to announce that Retired United States Army Staff Sergeant Travis Mills will deliver the address at the 2024 Husson University Commencement on Saturday, May 4, 2024.
  • Husson’s 125th Commencement Ceremony will take place at 10:30 a.m. at the Cross Insurance Center in Bangor.
  • Mills is a motivational speaker, actor, author and an advocate for veterans and amputees.
  • For more information about educational opportunities that can lead to personal and professional success, visit Husson.edu .

Technology Advancement Center Expands Leadership Team with Three Key Hires

Retrieved on: 
Monday, March 25, 2024
Software, Mobile, Wireless, Networks, Other Defense, Internet, Data Management, Technology, Defense, Security, Homeland Security, Other Technology, Public Policy, Government, CIO, Culture, SIGINT, Data analysis, Intelligence, Risk, Security agency, Technical, USCYBERCOM, Small business, Teal, Senior advisor, NSA, STEM, Air force, Creativity, Safety, Workforce, Navy, Management

The Technology Advancement Center (TAC), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, proudly announces three new leadership hires: Monty Mills as Chief Information Officer, Greg Wessel as Chief Technology Officer, and Tim Teal as Senior Advisor.

Key Points: 
  • The Technology Advancement Center (TAC), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, proudly announces three new leadership hires: Monty Mills as Chief Information Officer, Greg Wessel as Chief Technology Officer, and Tim Teal as Senior Advisor.
  • “Hand selected for their expertise and backgrounds in both government and technology, these leaders will play key roles in expanding TAC’s ability to support the innovation needed to advance our nation’s cyber capabilities.
  • Wessel said, “I’m eager to work with TAC’s leadership to implement new and cutting-edge infrastructure for the organization.
  • For more information about TAC, including details about upcoming events and opportunities to network with the industry, please visit https://thetac.tech/.

HAPPINESS POLL: DEMOCRATS AND BIDEN VOTERS REPORT MORE HAPPINESS THAN GOP AND TRUMP SUPPORTERS

Retrieved on: 
Friday, March 22, 2024
Depression, Republican, Generation, Politics, Communication, International, United Nations, Research, Policy, Generation Z, News, Anxiety, FAU, Voting behavior, BOCA, Optimism, Variation, Democrat

Among voters who would vote for Biden in 2024, 75 percent answered that they were at least "slightly satisfied" with their lives, while 62 percent of Trump voters said the same.

Key Points: 
  • Among voters who would vote for Biden in 2024, 75 percent answered that they were at least "slightly satisfied" with their lives, while 62 percent of Trump voters said the same.
  • The FAU/Mainstreet poll also reveals a neck-and-neck competition between Biden and Trump in the forthcoming presidential elections, both among all voters and likely voters.
  • voters demonstrated a striking split in their preferences, with 44 percent expressing support for Biden and 44 percent for Trump.
  • Similarly, among likely voters, Biden slightly edged out Trump with 47 percent of support compared to Trump's 45 percent.

SOUTHWEST AIRLINES ANNOUNCES EXECUTIVE LEADERSHIP CHANGES

Retrieved on: 
Friday, March 15, 2024
Cloud, NOC, SOC, Southwest Airlines, Multi-factor authentication, Risk management, Mill, University, Revenue management, Intelligence, Dayton, Ohio, Blue, Risk, Business administration, Identity, Hospitality, CISO, Federal, Customer, Aviation, Information, Team, SIEM, Incident, EDR, Senior, DevOps, Security operations center, CISSP, PeopleSoft, Security, Aircraft, Airport, Vulnerability management, Airline

DALLAS, March 15, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced recent Leadership updates across the Company.

Key Points: 
  • DALLAS, March 15, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced recent Leadership updates across the Company.
  • These changes are effective immediately and represent a continuation of the organizational structure work at Southwest Airlines® that began in September 2022 and has continued into 2024.
  • Before Southwest Airlines, Dayton worked as a Director of Consulting at several companies, including PeopleSoft, i2 Technologies, and Oracle.
  • "The biggest thing that makes us 'us' is our People, and the unique and unrivaled Hospitality they deliver," Bob Jordan , Southwest Airlines President & Chief Executive Officer said.

USDOT Doubles Down on Connected Walking and Biking Infrastructure as Essential to America's Mobility, Rails to Trails Conservancy Reports

Retrieved on: 
Thursday, March 14, 2024
DOT, Walking, FY, Congress, Policy, Rails-to-Trails Conservancy, Transport, Investment, RTC, Multimedia, Fiscal, USDOT, Road

WASHINGTON, March 14, 2024 /PRNewswire/ -- The U.S. Department of Transportation (USDOT) emphasized the importance of connected walking and biking infrastructure to provide equitable access and opportunity for communities across the country with the projects it funded under the one-time Reconnecting Communities and Neighborhoods grant program, according to Rails to Trails Conservancy, the nation's largest trails, walking and biking advocacy organization.

Key Points: 
  • We need permanent funding for connected active transportation infrastructure.
  • Projects focused solely on trails, walking and biking accounted for $834 million or 25% of the total $3.3 billion in funding.
  • 85% of all of the 132 projects include elements that account for active transportation—bringing to light the depth of demand for this infrastructure nationwide.
  • Learn more about the demand for trails, walking and biking infrastructure and available federal funding at railstotrails.org/funding .

Socket Mobile Reports Fourth Quarter 2023 and Full Year Results

Retrieved on: 
Tuesday, March 5, 2024
Operating cost, Sony, Near-field communication, IOS, Growth, FeliCa, Apple Wallet, IPhone, GAAP, Android, Certification, Apple, NFC, QR code, Video game

Fourth Quarter 2023 Financial Highlights:

Key Points: 
  • Fourth Quarter 2023 Financial Highlights:
    Revenue of $4.4 million, a 15% decrease compared to $5.2 million in the comparable prior year quarter and a 37% increase sequentially compared to $3.7 million in Q3 2023.
  • Gross margin of 52.8% compared with 49.3% in the prior year quarter and 44.2% in the preceding quarter.
  • Full Year 2023 Financial Highlights:
    Revenue for the full year of 2023 was $17.0 million versus $21.2 million in 2022, a decrease of 20% year-over-year.
  • The management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly and year-end results and outlook for the future.

Trimble Introduces Roadworks Paving Control Platform for Mills and Cold Planers

Retrieved on: 
Tuesday, February 20, 2024
Gesture, Highway, 3D, Construction, TRMB

WESTMINSTER, Colo., Feb. 20, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the availability of the Trimble® Roadworks Paving Control Platform for Mills and Cold Planers, extending the functionality of Trimble's next-generation, 3D paving control system. Trimble Roadworks for Mills and Cold Planers runs on an Android™ operating system and enables operators to precisely control cutting depth of the mill or cold planer, according to project design.

Key Points: 
  • New version of Trimble's next-generation paving control platform for smoother, more precise paving surfaces extends the functionality to an additional machine type
    WESTMINSTER, Colo., Feb. 20, 2024 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today the availability of the Trimble® Roadworks Paving Control Platform for Mills and Cold Planers, extending the functionality of Trimble's next-generation, 3D paving control system.
  • Trimble Roadworks for Mills and Cold Planers runs on an Android™ operating system and enables operators to precisely control cutting depth of the mill or cold planer, according to project design.
  • "Trimble Roadworks for milling and cold planing takes both the guesswork and the re-work out of milling, making it easy for operators to mill precisely to a 3D design elevation.
  • Trimble Roadworks for Mills and Cold Planers is available now for customers worldwide through the SITECH® distributor channel.