text:
Edited Transcript of MXIM earnings conference call or presentation 29-Oct-19 9:00pm GMT
Thomson Reuters StreetEvents November 19, 2019
Q1 2020 Maxim Integrated Products Inc Earnings Call
SUNNYVALE Nov 19, 2019 (Thomson StreetEvents) -- Edited Transcript of Maxim Integrated Products Inc earnings conference call or presentation Tuesday, October 29, 2019 at 9:00:00pm GMT
TEXT version of Transcript
Corporate Participants
* Brian C. White
Maxim Integrated Products, Inc. - CFO, CAO & Senior VP
* Kathy Ta
Maxim Integrated Products, Inc. - VP of IR
* Tunç Doluca
Maxim Integrated Products, Inc. - President, CEO & Director
Conference Call Participants
* Ambrish Srivastava
BMO Capital Markets Equity Research - MD of Semiconductor Research & Senior Research Analyst
* Christopher James Muse
Evercore ISI Institutional Equities, Research Division - Senior MD, Head of Global Semiconductor Research & Senior Equity Research Analyst
* Craig Matthew Hettenbach
Morgan Stanley, Research Division - VP
* David Wayne Haberle
Susquehanna Financial Group, LLLP, Research Division - Associate
* Harlan Sur
JP Morgan Chase & Co, Research Division - Senior Analyst
* Jamie Rebecca Zakalik
BofA Merrill Lynch, Research Division - Research Analyst
* Jeremy Lobyen Kwan
Stifel, Nicolaus & Company, Incorporated, Research Division - Associate
* John William Pitzer
Crédit Suisse AG, Research Division - MD, Global Technology Strategist and Global Technology Sector Head
* Joshua Louis Buchalter
Cowen and Company, LLC, Research Division - VP & Research Associate
* Mitchell Toshiro Steves
RBC Capital Markets, Research Division - Analyst
* Ross Clark Seymore
Deutsche Bank AG, Research Division - MD
* William Stein
SunTrust Robinson Humphrey, Inc., Research Division - MD
Operator [1]
Good day, ladies and gentlemen, and welcome to the Maxim Integrated First Quarter of Fiscal 2020 Conference Call. (Operator Instructions) As a reminder, today's program is being recorded. I would now like to introduce your host for today's program, Kathy Ta, Vice President, Investor Relations. Please go ahead, Kathy.
Kathy Ta, Maxim Integrated Products, Inc. - VP of IR [2]
Thank you, Jonathan. Welcome, everyone, to Maxim Integrated's Fiscal First Quarter 2020 Earnings Conference Call. Joining me on the call today are Chief Executive Officer, Tunç Doluca; and Chief Financial Officer, Brian White.
As a part of our usual process, we have posted a supplemental financial presentation to our external Investor Relations website. The information in this presentation accompanies the financial disclosures in our earnings press release and on this conference call.
During today's call, we will be making some forward-looking statements. In light of the Private Securities Litigation Reform Act, I'd like to remind you that these statements must be considered in conjunction with the cautionary warnings that appear in our SEC filings.
Investors are cautioned that all forward-looking statements in this call involve risks and uncertainty and that future events may differ materially from the statements made. For additional information, please refer to the company's Securities and Exchange Commission filings, which are posted on our website. Now I'll turn the call over to Tunç.
Tunç Doluca, Maxim Integrated Products, Inc. - President, CEO & Director [3]
All right. Thank you, Kathy, and good afternoon to all our participants. We appreciate you joining us today and your interest in Maxim Integrated. Let me first summarize last quarter's results and our outlook.
Our September quarter results met our expectations while maintaining lean inventory levels. Looking forward to the December quarter, we expect sequential growth in Communications and Data Center, in Automotive and in Industrial, partially offset by smartphone-related headwinds and holiday seasonality in Consumer. We continue to be cautious given the persistent macro and trade uncertainty, but demand trends are stable. Given the soft environment, we will continue to tightly manage inventory and spending in the December quarter.
I'll next provide color by end market. As a reminder, we have improved our revenue mapping by end market to be a more automated system. All my commentary is based on our new mapping. In year-on-year comparisons, we also use the updated mapping methodology.
I will begin with Automotive. In the September quarter, our Automotive business was down 9% sequentially and down 4% from the same quarter last year. This reflects the effects of a year-over-year decline in global car production. However, we continue to see strong growth in driver assistance and electric vehicle content compared to the same quarter last year.
In the December quarter, we anticipate strong growth sequentially in Automotive driven by driver assistance and Battery Management Systems content and a return to growth in our infotainment business. Growth in Battery Management System revenue is expected to come from a mix of geographies. In driver assistance, we expect to recognize revenue from new design wins at Chinese carmakers with our serial link products. And finally, infotainment system revenue is expected to grow sequentially across a broad range of customers.
Let me next turn to the industrial market. In the September quarter, Industrial was down 8% from the June quarter. This was softer than seasonality and modestly below our expectations. We experienced this broad-based weakness across our industrial markets. In the December quarter, we expect above seasonal sequential growth in Industrial from a broad set of customers. This growth is from a low baseline in the September quarter and assumes continued stability in the run rate of bookings and lead times in the quarter.
Let me next discuss Communications and Data Center, which now includes Computing. In the September quarter, comms and data center was down 7% sequentially. Broad-based weakness in communications infrastructure was partially offset by an uptick in demand for 100G laser driver products for data center applications.
In the December quarter, we anticipate comms and data center revenue to be up strongly from the September quarter. We expect strong growth in 100G laser driver shipments for data centers and growth in 25G optical products for 5G base station applications.
Finally, let me turn to Consumer. In the September quarter, Consumer was up 5% sequentially. We experienced weakness in smartphones offset by growth in tablets, wearables and peripherals. Smartphones comprised approximately 35% of our Consumer business in the quarter, with Samsung smartphone revenue declining less than expected.
In the December quarter, we expect Consumer to be strongly down sequentially, with the peak of the holiday shipments for consumer electronics having occurred in the prior quarter.
To summarize, we have built Maxim to be resilient and to position the company to outperform in the next market upturn. While we are clearly in a period of soft demand and certain -- uncertain macroeconomic conditions, we expect sequential revenue growth in Communications and Data Center, in Automotive and in Industrial. We are executing on our strategy to grow revenue with new design wins and long-lived products in Automotive and Industrial. Our analog business model and flexible manufacturing strategy enable consistent company profitability and stability.
Now I'll turn the call over to Brian for his first call as Maxim's CFO. Brian?
Brian C. White, Maxim Integrated Products, Inc. - CFO, CAO & Senior VP [4]
Thanks, Tunç, and thank you to everybody on the call today. I'm very pleased to have officially joined the Maxim team. I was able to meet some of our analysts and investors last quarter, and I look forward to meeting everyone in the coming months during our normal schedule of investor events.
Turning to our results. Revenue for fiscal Q1 was $533 million, $3 million above the midpoint of our forecast range entering the quarter, but down 4% sequentially and down 17% from the same quarter a year ago.
As Tunç mentioned, we are now using an automated system to map revenue to end markets. As most of you know, end market mapping can be a challenge in our industry given that we have thousands of products and thousands of customers. This updated mapping does result in some changes to our revenue breakout by end market starting with the currently reported quarter. As an aid to investors, we are providing 4 quarters of history under the new mapping on our website.
Also, what we previously categorized as Computing, which is primarily personal computing, is now combined with Communications and Data Center. This now combines PCs and peripherals into the same category as servers. Our commentary and supplemental earnings presentation published on our website reference this new mapping.
Our revenue mix by major markets in Q1 was approximately 30% Industrial, 27% Automotive, 24% Consumer and 19% Comms and Data Center. Combined Automotive and Industrial was 57%.
Let me now turn to the distribution channel. Distribution comprised 50% of Maxim's revenue in Q1. We ended the quarter with just 48 days of channel inventory, down 11 days from the prior quarter and well below our long-term target of 60 days.
The significant decrease in channel inventory was driven by the combination of our tight inventory management along with stronger-than-expected resells in China. China resells were strong across multiple product lines, but particularly for our optical and BMS products. Despite this strength, we believe that it's too early to interpret this as a beginning of a broad sustained upward trend in China end demand given the potential impact that trade tensions may be having on buying behavior.
Turning to the P&L. Maxim's gross margin excluding special items was 65%, up 20 basis points from the prior quarter and above the midpoint of our guidance, with the increase driven by favorable manufacturing efficiencies combined with lower inventory reserves.
Operating expenses excluding special items were $185 million, up from the prior quarter, reflecting the impact of annual merit increases for employees combined with higher R&D spending in support of new product development.
Q1 GAAP operating income excluding special items was $161 million. Operating margin was 30.3% of revenue, down from the prior quarter due to lower revenue. The Q1 GAAP tax rate excluding special items was 13% and equal to our current outlook for the remainder of this fiscal year. GAAP earnings per share excluding special items was $0.52, $0.03 above the midpoint of our guidance range due to higher profitability.
Turning to the balance sheet and cash flow. Total cash, cash equivalents and short-term investments were $1.8 billion, down $105 million from the prior quarter. Q1 inventory days ended at 115, up 1 day from Q4 due to improved gross margin, while inventory dollars were down 4% from the prior quarter. Capital expenditures were $21 million.
Trailing 12-month free cash flow, defined as cash from operations less capital expenditures, was $725 million or 33% of revenue. Free cash flow per share was $2.54, and our free cash flow yield is 4.6% at yesterday's closing stock price.
For capital return, share repurchases totaled $94 million in Q1 as we bought back approximately 1.6 million shares. Dividends totaled $130 million in the quarter. Based on yesterday's closing stock price and our quarterly dividend of $0.48 per share, our dividend yield is 3.3%. Total return of cash through dividends and share repurchases was 142% of free cash flow on a trailing 12-month basis.
Now I'll turn to our outlook for the December quarter. Our beginning fiscal Q2 backlog was $402 million. Based on this beginning backlog and expected turns, we forecast Q2 revenue to be between $525 million and $565 million, up 2% from the prior quarter.
Q2 gross margin excluding special items is forecasted at 64% to 66%, flat with Q1. Q2 operating expenses excluding special items are expected to be up approximately $2 million from Q1, driven by the full quarter effect of annual merit increases, partially offset by continued tight spending controls.
Our tax rate for Q2 excluding special items is expected to be 13%, flat with Q1. For Q2 GAAP earnings per share excluding special items, we expect a range of $0.49 to $0.57. Fiscal Q2 capital expenditures are expected to remain in a similar range as Q1 at approximately 3% of revenue. We expect CapEx will decline toward the midpoint of our targeted range of 1% to 3% in the second half of our fiscal year.
In summary, given the current environment, we are tightly managing spending and inventory, both internally and in the channel, while continuing to invest prudently in our long-term secular growth drivers. Our financial model enables us to generate strong consistent cash flow, and we remain committed to return 125% more of that free cash flow to investors. With that, I'll turn the call back over to Kathy.
Thanks, Brian. That concludes our prepared remarks, and we will now open the call for questions. (Operator Instructions) Jonathan, could we please have our first question?
Certainly. Our first question comes from the line of Ross Seymore from Deutsche Bank.
Ross Clark Seymore, Deutsche Bank AG, Research Division - MD [2]
Congratulations on the solid results. Tunç, a big-picture question for you. The inventory came down way more than you thought in the quarter. You guys are guiding better than people expected. So can you just give us a view on -- do you think end demand is actually improving much? Or is the difference between your fiscal 1Q and 2Q just an inventory dynamic? And you can break that down to any specific end markets if you choose. That would be helpful as well.
Yes. Okay. Happy to. So first of all, what we're seeing is, obviously, we're not expecting the shipments from distributors to be as strong as expected. I think that's broadly because of some specific markets where the demand was strong. And Brian expressed what those were, BMS -- some are BMS products and some of our optical products. But there was also a drawdown from other markets to a lesser extent.
I think the best way to characterize the market is that the weakness that we had seen in the past several quarters is there, but it is stable. And for us, we've seen pockets where we're seeing growth for our product lines, and I summarized those in my prepared remarks. So I think that even though obviously it's a tailwind to be able to replenish distribution, we are also seeing growth in some of our markets.
If you look at our demand -- or our revenue picture going from quarter-to-quarter, we basically said that 3 of our markets, our major markets, were going to be up in this quarter compared to the last. The only one in the other direction is Consumer, and that's mostly because of smartphones and because of the holiday shipments occurring in the previous quarter.
So I think to summarize, I think broad-based, it's still pretty stable and there are areas or pockets of growth for the company where we are definitely seeing some strength.
Our next question comes from the line of Ambrish Srivastava from BMO.
Ambrish Srivastava, BMO Capital Markets Equity Research - MD of Semiconductor Research & Senior Research Analyst [5]
I just wanted to focus on the automotive segment, Tunç. If I look at the last several quarters, your auto business has done much better than your peers and it's not a small business anymore, whether as a percent or on an absolute basis. So the question is twofold.
One is maybe your results are not indicative of the market, but I just wanted to get a sense from you. What are you seeing in the end market? Because SAAR has come down this year versus early expectations. And so, A, are you seeing a stabilization and a pickup in SAAR because you're guiding your infotainment up as well, which I'm assuming is more SAAR-related?
And then the second part of the question is, how much of -- you've talked about BMS doing better, and that was a detractor last quarter. So is that some specific programs that are ramping? And just help us understand the auto performance, not just near term but just kind of the cadence over the last quarters and then going forward.
Okay. All right. All right. So let me try to summarize. So your -- you gave the answer partially to your question on infotainment. It is our largest piece. It will be the most correlated to car production in the world. And obviously, when car production was down last year, it was the one that had the biggest effect.
However, we are seeing strength in that and we've -- and strength in that for the quarter we're in right now, so some of that business is coming back. Some of it, we're really guessing, is because of people adjusting to car production being down. And obviously, that has some effects on them drawing down on inventories. So I think that that's kind of -- looks like it's getting behind us.
On the BMS front, it was a bit of a headwind last quarter. But it's coming back pretty strong in this quarter. Even though it was a headwind last quarter, by the way, BMS was still up double digits on a year-over-year basis. So essentially, we're still happy with our position in that market. And we're still expecting it to be growing strongly again this quarter as well.
The other bright spot there is really in our serial link business, which is doing very well. And we think that that, too, is helping us get numbers that are better than unit car growth. But if you recall, that's been our model all along. So we are pleased with the results we're getting right now.
And if you remember last quarter, we disclosed that we had over $1 billion of design wins -- lifetime revenue design wins last year, which was a 26% increase from the previous year. So we're very happy with our performance on the automotive side.
Our next question comes from the line of Harlan Sur from JPMorgan.
Harlan Sur, JP Morgan Chase & Co, Research Division - Senior Analyst [8]
Solid execution on the quarter, guys, and welcome to the team, Brian. Look forward to working with you again. Maybe a similar question, similar to Ross and Ambrish, but focused more on the industrial segment, very broad based. It looks like the business declined slightly more than expected in September. Was this the final legs of inventory drawdown as your channel inventories were down so much?
And looking at the growth in the December quarter, resells are looking -- have been looking good. Is this simply that you're now catching up to consumption versus shipping below consumption? And where are you seeing the most momentum? Is it SMB, the broad-based business versus some of the verticals like factory automation? Any color here in industrial would be great.
Yes. So on the industrial side, it's a mix of things. There's definitely -- I mean one of the questions that we sometimes get asked is it appears that your shipments are below what the industrial customers' revenues are, which definitely is true. And obviously, they have to adjust to what's happening to them. And there is a long channel of inventory. There's some at distribution. There's some at the customer.
So therefore, I think we believe -- and there's no real way, Harlan, to get this data very accurately. We believe that they've drawn down most of their inventory. And clearly in distribution, inventories have gone down as well for us. So from a short-term outlook, it seems like there is some stabilization that's happening in the channel. So for the broad base of customers, that is what we're seeing.
There are also some parts of the verticals that are actually doing better than they have been in the past, and they're expected to do better this quarter as well. And I think if you remember, our verticals are markets like ATE and financial terminals. I think those are beginning to do better for us as well in Q2. So it's kind of a mix. I think that it seems like some of the inventory correction in the channel and customers is happening, and we're kind of seeing the effects of that.
Operator [10]
Our next question comes from the line of C.J. Muse from Evercore.
Christopher James Muse, Evercore ISI Institutional Equities, Research Division - Senior MD, Head of Global Semiconductor Research & Senior Equity Research Analyst [11]
Very impressive gross margins in the current environment. I'm curious if you can kind of walk through how we stair-step from 65% to potentially the high end of your target model of 70%. What are the key assumptions we have to assume there, not only top line but elsewhere?
Brian C. White, Maxim Integrated Products, Inc. - CFO, CAO & Senior VP [12]
This is Brian. So I think that there's a couple of things. There's certainly the overall revenue level, and we've been at a depressed level more recently, at 65% gross margin in the September quarter at $533 million, we feel like that's a solid base. And to get above that and get up into our stated target range of let's begin at 67%, we really need to get back to that $600 million per quarter revenue run rate.
And then to get to the high end of the range, we need to get beyond that $600 million mark. So that will come with a higher factory utilization. It would also probably entail some improved mix with industrial coming back, which is our highest gross margin end market. So I think that's the path. Where we are today at 65%, we feel, is solid. And we have the ability to build off of that base moving forward with some additional revenue growth.
Our next question comes from the line of Vivek Arya from Bank of America.
Jamie Rebecca Zakalik, BofA Merrill Lynch, Research Division - Research Analyst [14]
This is Jamie Zakalik on for Vivek. So we have seen a wide difference in earnings outlooks this quarter from companies that are exposed to mostly the same end markets like you, TI, NXP. So I'd be interested in any color you can provide on what you think could be causing this discrepancy. Is it customers reacting differently to analog or microcontroller products or U.S. versus non-U. S. or something else? Any color there would be great.
Tunç Doluca, Maxim Integrated Products, Inc. - President, CEO & Director [15]
Jamie, I mean, that's a good question. We really mainly see what we're experiencing, and we don't have the details of what others are experiencing. But I'm going to repeat what I said earlier to Ross. We are -- we've been in a broad market weakness for the last several quarters. But it's quite stable. We're not seeing a weakening in that.
And some of the forecast we're giving with growth in 3 of our end markets is really coming from the strength of the product line in those markets for us. And the fact that our inventories are very lean, both at the company and in distribution, obviously helps us a lot. So we're very well positioned for strong performance when there's any turn in the market.
As to messages given by other companies, you'd really have to know the details of those companies. And it's not -- I don't think it's -- we have enough data to really tell you what's different between the 3 companies that you just mentioned.
Our next question comes from the line of Craig Hettenbach from Morgan Stanley.
Craig Matthew Hettenbach, Morgan Stanley, Research Division - VP [17]
Tunç, just a question on the comm infrastructure market, which is notoriously volatile. Can you talk about just data center versus traditional wireline and kind of what you're seeing from a CapEx perspective?
Okay. So let me do my best here. So our focus in comms and data center really has been mostly on the data center side and less on the wireline side. So in the data center side, we had -- and it is pretty volatile, as you said. We did have some strong growth in our 100G products last year, if you recall, and then we went into a period where there was over-inventoried market. So it kind of went away.
And that -- we were signaling that that was beginning to show signs of coming back. And we are seeing that coming back basically. But it is -- I mean there's no doubt that the data center business is going to grow, but trying to figure that out from the semiconductor side is actually very difficult because it's very masked by what's happened in the -- what happens in the channel. All I can tell you is that the 100G market for us seems to be back and we know we have strong shipments in that.
On the communications wireless side, I think we talked about that as well. Our 25G products are pretty strong. And in general, the broad base of, let's say, wireline communications products have been weak for us. And this is where we sell most of our older product lines that are analog housekeeping products, et cetera, and that has not been a strong market for us.
And frankly, in the long term, as I said, it's a dated product line so we don't expect it to be good. We expect our growth to really come from optical products in this market and also from power management products in this market.
Our next question comes from the line of John Pitzer from Crédit Suisse.
John William Pitzer, Crédit Suisse AG, Research Division - MD, Global Technology Strategist and Global Technology Sector Head [20]
Congratulations on the strong results. Tunç, I just want to go back to the December guide. If you look at sort of this correction for the industry, your year-over-years got worse early. And so I guess it makes sense to me that perhaps your year-over-years start to get better more quickly than the industry as well, especially given your product portfolio.
But I'm just kind of curious, given how much inventory came down in the calendar third quarter, especially in disti, when you look to sort of the December quarter guide, to what extent do you think -- or where do you think inventory is going to end up in disti by the end of the quarter? To what extent is this kind of just we got way too lean in the disti channel and you're benefiting from that versus kind of real demand in the December quarter?
John, I'll try to take that. This is Brian. We should get some revenue growth associated with channel replenishment, and we would expect days of inventory in the channel to come up from what was an extremely low level in the September quarter.
But I think in terms of trying to forecast exactly where that number lands, it's highly dependent upon resells, and that's the piece of the puzzle that is hard to forecast. So we've seen steady order trends. We've seen a very steady resell activity. But how that tracks between now and the end of the quarter is open to variability, and so that's a variable that makes it hard to pin down an answer with precision. But we would expect some tailwind from an increase in the channel inventory level.
Yes. I think when -- let me just add to that. I think when we discussed this internally, we said that we would improve it, but not likely to go all the way back to our target in one quarter. So hopefully that helps as well.
Our next question comes from the line of Matt Ramsay from Cowen.
Joshua Louis Buchalter, Cowen and Company, LLC, Research Division - VP & Research Associate [24]
This is Josh Buchalter on behalf of Matt. And congrats on the solid guidance. There's been a lot of questions on inventory in the channel. I wanted to ask a bit of a longer-term one. Given the debate following a TI distribution strategy, it'd be helpful to hear, I guess, how you guys are thinking about it. And if there's any potential impact competitively from TI's decision to deemphasize the channel.
Sure. I'll take that one. So there was obviously a big announcement made by Texas Instruments, like you mentioned. We -- as you know, Avnet is our franchise distribution partner. We expect the change that Texas Instruments announced to be beneficial to us, and we're discussing opportunities with Avnet. But as you know, most high-performance analog sockets are not pin-for-pin compatible.
So we would not anticipate an overnight change to our business. We continue to view distribution as a valuable partner of our global reach to customers. So we think we can benefit from it. It's not going to happen quickly because of the nature of the product line that we have. But we're definitely working with our distributors to see how we can take advantage of it.
Our next question comes from the line of Tore Svanberg from Stifel, Nicolaus.
Jeremy Lobyen Kwan, Stifel, Nicolaus & Company, Incorporated, Research Division - Associate [27]
This is Jeremy Kwan for Tore. I just wanted to maybe focus in on lead times. I know you mentioned it a little bit on the call, but just wondering what your customers are sharing with you in terms of their lead times on you and also what you're quoting to customers. And maybe if you also provide a little bit color on the linearity in the quarter, how it's been thus far in the fourth quarter.
Okay, so Brian can help me out on this one. But customer-given lead times to Maxim have been fairly consistent. It's really not been changing a lot in the last few quarters so it's pretty consistent. So no behavior change from the customer standpoint.
Your other question about linearity was that when we provided our guidance, we assumed that the bookings and the lead times we're getting from customers would be good enough to support that. And I think that this quarter is a little bit tricky because it ends in December. So it's really hard to exactly model what the linearity looks like, frankly. So I don't think we're going to be able to give you a lot of data based on that.
But customer order lead times look normal and we don't see anything out of the ordinary. And I think we are starting with a pretty strong backlog for the quarter as well, as Brian mentioned earlier.
Our next question comes from the line of Mitch Steves from RBC Capital Markets.
Mitchell Toshiro Steves, RBC Capital Markets, Research Division - Analyst [30]
I just had one, just more kind of high level. So one thing that's kind of coming up in the semi space, it looks like legacy products are having a harder time kind of getting the components they need, whether it be MLCCs, capacitors and kind of smaller products like that.
And so I'm wondering, is that potentially one of the reasons why you guys are seeing better demand because you're selling into higher-end products? Or are you guys seeing basically better demand across the board? So I guess, the crux to my question is if you guys are seeing more upside from high-end products and that's why the gross margins went up or if it's really just a function of demand.
I'm not sure -- we have not seen -- in all of our discussions with the sales team and the business units, we've not seen anybody bring this up as a correlation. Our products see more demand-returning because we're in the high-performance side. I've not heard that in internal discussions, so I won't be able to really comment on that, frankly.
I think that what's helping us is that we really managed through the weak period by keeping inventories low and the margins are being helped by the fact that inventories being low also helps your inventory reserves, and Brian talked about that. So it's really running a tight ship basically is what we think is happening in terms of margins. And on the demand side, I don't know how to form this correlation that you're saying might be there. It might be there or it might not be there. I kind of doubt it, frankly.
Our next question comes from the line of William Stein from SunTrust.
William Stein, SunTrust Robinson Humphrey, Inc., Research Division - MD [33]
Tunç, I think you talked about strength in China and I just want to make sure I understand. I think you said it's in optical components and then also in Battery Management Systems. Did I get that right? Or is there something else there? Is that all in the channel or any of that direct? And then also related to this, have you considered whether some of this might be pull-in relative to tariffs? Or do you think this is real demand?
Yes. So I think on the specific -- I think your question is mostly about the distribution end market sales. Or are you asking about the current quarter?
Well, either I think. You mentioned these 2 as strengths, and I'm just not sure if I heard this as part of the distribution commentary or if this is the direct business.
I see. Okay.
I'm curious about in China generally. Do we think that you're seeing pull-ins because of some concern about tariff rules, tariffs getting more problematic?
Yes. It's actually not that easy to trace it down all the way to that. The strength we're seeing is -- in China is mostly on the Battery Management System products, especially this quarter. And we're seeing it on the optical products, and those are the largest ones that we see.
Now I don't think those are related to tariffs. And the question that we sometimes get is the tariffs that are kind of scheduled to be added I think in mid-December, which affects a lot of Consumer products. I doubt it's for that because most of our Consumer shipments have already happened, and that all occurred in Q1.
So we don't really see this correlation, but I have to be the first to admit, it's really hard to get this question even answered by customers because they don't want to really talk about it. So our feeling is that it's unrelated, but we can't say that definitely.
(Operator Instructions) Our next question is a follow-up from the line of Harlan Sur from JPMorgan.
Harlan Sur, JP Morgan Chase & Co, Research Division - Senior Analyst [40]
So as we think about the March quarter, the 2 historical tailwinds for the business have been the ramp of your smartphone customer and positive seasonal trends in your Industrial business. And typically, it's up quarter-over-quarter in March. And I know you probably don't have a lot of bookings visibility or backlog visibility for March, but what you do have is 3-month and 6-month customer forecasts.
And so I guess the question is, without your lead handset customer but with other, let's say, positive seasonal trends in the other businesses, do you think that the seasonal pattern changes much relative to kind of historical patterns?
Yes. Harlan, you know us pretty well. So obviously, we don't want to give guidance out to the March quarter. Historically, what you've said is -- not just for us but in general is true. Industrial kind of gets stronger in the March quarter. Our Consumer business, which was very much tied to Samsung, would get very strong in the March quarter.
But I want to remind you that we have less content in Samsung now so that should not be a big effect. I mean we think that -- our projection is that our content at Samsung will be in the mid-single digits this year versus about 10% last year. I'm talking about fiscal years now.
So some of the seasonality has changed, especially on the Consumer side. The others, we expect to be kind of similar. But I don't think we have enough information to go -- really go beyond that to reach and give a guidance into the March quarter.
Our next question comes from the line of Christopher Rolland from Susquehanna.
David Wayne Haberle, Susquehanna Financial Group, LLLP, Research Division - Associate [43]
This is David Haberle on behalf of Chris. Just really quick, I wanted to ask about Huawei, which last quarter you guys pointed out as a headwind for the business. Just -- is there any update there? Were you able to ship anything to them in the quarter? Just any color on the Huawei thing would be great.
Sure, David. In the September quarter, we shipped about $1 million of revenue to Huawei. And in our December quarter forecast, we're assuming approximately the same amount of revenue.
Is -- does that answer what you were looking for or --?
This does conclude the question-and-answer session of today's program. I'd like to hand the program back to Kathy for any further remarks.
Kathy Ta, Maxim Integrated Products, Inc. - VP of IR [48]
Thank you, Jonathan. That does conclude today's conference call. Thank you for your participation and for your interest in Maxim.
Thank you, ladies and gentlemen, for your participation in today's conference. This does conclude the program. You may now disconnect. Good day.
S&P, Fitch lower outlook on Bombardier to negative from stable
Best Buy says it is reviewing allegations made against CEO
Founder of South Korea's Lotte Business Dynasty Dies at 97
Why Trump's China trade deal could save Boeing
Canopy Growth (TSX:WEED) Stock Price: Should You Buy the Bounce?


This one story 3/4 brick ranch home in Woodbridge Estates with a split bedroom concept features a vaulted great room with a gas fireplace. Open kitchen lets the floorplan flow. The master suite adds to this very comfortable home. The plantation blinds are a very nice feature. New carpeting and fresh paint has this home ready for a new owner.


As a basic commodity of this Chicken Diet is chicken. The diet is held from 7 to 14 days and you will lose from 10-20 pounds. The advantage of this diet is that it is a good eliminator of cellulite and fatty deposits around the abdomen.
Allowed foods that should prevail in the daily diet menu; chicken meat and turkey that you can combine with a green salad (cucumber, broccoli, tomato, pepper peas, Swiss chard radish, onions etc.) as well as low-calorie fruit (apple, pear, plum, kiwi, apricot).
The chicken diet is also called a protein diet because it contains a great deal of proteins so while you are on the diet you will not feel hunger and still lose weight.
2 boiled eggs combined with 50 grams of boiled chicken.
1 cup of juice pressed orange or lemon (no sugar).
1 fruit (apple, orange or kiwi).
350 grams of boiled chicken topped with olive oil and lemon juice combined with lettuce.
1 slice of whole wheat bread and 1 boiled egg.
If you experience hunger between meals take 1 apple, kiwi or orange, or a dish of chicken soup.


Crisp eBusiness have launched the new web site for Mama Stones - a live music venue, bar and Mexican restaurant located in Exeter.
"Mama Stones offers an intimate setting, vibrant hand painted patterns adorn the walls, echoing tribal patterns taken from cultures that have lent their rhythms to the Western Worlds music. It has an old school feel, reminiscent of years gone by. Reminding those of us that are old enough to remember, of how things used to be, and introducing a style of entertainment to the younger generation that has been sadly lacking in recent years."
The new web site incorporates a content management system enabling the client to keep the site regularly updated. The site also features an event booking system.


text:
Australia and New Zealand Will Be "Pushed all the Way" at Pacific Games, Predicts Oceania National Olympic Committees President
Oceania National Olympic Committees (ONOC) President Robin Mitchell warned newcomers Australia and New Zealand they will be "pushed all the way" by their rival nations during the 15th edition of the Pacific Games.
The Pacific Games Council (PGC) rubber-stamped a proposal to allow Australia and New Zealand to take part in rugby sevens, sailing, taekwondo and weightlifting at its General Assembly last year, paving the way for Oceania's first truly Continental Games.
PGC President Vidhya Lakhan has previously claimed one of the main reasons for the delay in admitting the two countries was the fear they would dominate the competition and the Pacific Games would lose its tradition and culture.
"We've been pushing it for over 10 years to try and make it a Continental Games and also to help improve the standards," Mitchell told insidethegames at the fourth edition of the PGC Sports Ministers meeting here.
"There's quite a big difference in ability and so to help the Council to agree, it was [necessary] to get them first to identify the four sports where the island [countries] was a competitor for Australia and New Zealand.
"I think keeping the Pacific Games culture was important but now they can sort of slowly introduce Australia and New Zealand, [both of whom] don't have the competition.
"There's so much else going on but I think with this one I think still they'll be pushed all the way."
Australia and New Zealand are set to feature at the 2019 edition of the Pacific Games in Tonga, however, their decisions are likely to be influenced by their experiences in Port Moresby.
New Zealand's football team have opted to stay in alternative accommodation to that offered in the Games Village as they claim it is not of the required living standard.
"It will be interesting to hear the feedback from both Australia and New Zealand at the end of these Games because obviously the expectations are different when you come to things like the Village, and transport and weather etc," said Mitchell.
"The Pacific Games is much like the Commonwealth Games.
"It's a very friendly Games and that may be the one that wins them over for future participation."
The PGC Sports Ministers meeting involved the Ministers and delegates from all 24 participating countries in the 2015 Pacific Games.
Ministers agreed to support the success of the Pacific Games Council's first measures to integrate Australian and New Zealand athletes into the Pacific Games, in the sports of weightlifting, sailing, rugby sevens and taekwondo, noting that these sports are where Pacific Island nations and territories perform strongly.
Among those in attendance were Papua New Guinea's Sports Minister Justin Tkatchenko, as well as Lakhan and colleague Andrew Minogue, PGC executive director.
Mitchell stressed the importance of the meeting.
"Seven of the [ONOC] membership are not members of the [International] Olympic Committee so they miss out on the development side of funding, so it's important that we're here to inform the Ministers and also to get them to support sport generally," he said.
"So this is the fourth in the series and I think with each meeting there's more engagement from the Governments and I think we're very pleased with the outcome."
This article was republished with permission from the original publisher, Inside the Games.
Previous articleWorld Cup Title Shows U.S. Women Primed for More Success in Future
Next articleSports Minister Claims Rio 2016 Will Make Brazil More Active as Study Finds Half of Population Do Not Exercise
Voting is Open for United States Sports Academy November Athlete of the Month
Vote Now for Academy September Athletes of the Month

redpajama_set_name: RedPajamaCommonCrawl


CANTON The Pro Football Hall of Fame will transform the Fan Plaza located on the north side of Tom Benson Hall of Fame Stadium into its inaugural "Hall-iday" Winterfest from 1 to 6 p.m. Dec. 16.
The free public event will include visits and photos with Santa in front of a 12-foot Christmas tree, prize giveaways, food and beverage vendors, and a "gift gallery" market with local vendors.
Food trucks set to be on site include: Barrio Tacos; The Slop Truck; Nom Nom Popcorn Co.; Peace, Love & Little Donuts; and Tremont Coffee. The 720 Market vendors will include Tee Etching Glass, Sickles Moon Handmade, Lettuce be the Alternative, Five Blessings, Corrina's Candles, Seeka Décor and Bosler Honey Bees.
Every guest will be entered for a chance to win a prize. Individuals must be present to claim prizes, and drawings will take place from 2 to 4 p.m. Prizes include: Nintendo Switch Mario Tennis Bundle, boys and girls bikes, a 60-inch TV, Pro Football Hall of Fame Prize Package, and a Razor Scooter.
Guests also can enjoy, for free, the championship games taking place at Tom Benson Hall of Fame Stadium that afternoon.
Parking is free at McKinley High School. Guests will be able to enter through Symphony Gate at Tom Benson Hall of Fame Stadium.


Click this icon and become a fan to see the latest information and updates.
*You must be a Facebook member and logged in to view our page.
MIT/Woods-Hole Oceanographic Institute Masters Degree - Call for applications!
Record Update and Management - Update your Record!


text:
CREATE PROCEDURE [sp_del_GiftCertificate] (
  @GiftCertificateID int
)
AS
  DELETE FROM [dbo].[GiftCertificate]
  WHERE
    ([GiftCertificateID] = @GiftCertificateID)

redpajama_set_name: RedPajamaGithub


text:
'The View' Honors Barbara Walters After Death
LAPD conducting homicide investigation after man found dead in burned RV
Published on January 3, 2023, 08:23 America/Los_Angeles
"The View" kicked off its first show of the new year by honoring the one and only Barbara Walters, who died on Friday, Dec. 30, at the age of 93.
"Tributes are pouring in from around the world to celebrate the life of Barbara Walters," co-host Whoopi Goldberg said at the top of the ABC talker Monday. Goldberg said Walters is "the reason why we're all sitting here," adding, "really, if not for her I don't know where most of us would be."
"She very much defied sexism and defied ageism, she went right into the jaws of the lion there when she had to deal with people like Harry Reasoner," Joy Behar, who has been a co-host on "The View" since the early days with Walters, said. "She was not just a friend to us, she was one of a kind and very important to the industry."
"I never got to sit at the table with her… but for someone who gets paid to talk, what she did so well was listen," Sara Haines said, praising Walters' journalism career and iconic "20/20" interviews. "And when you see what set her apart, her ability to strike that tone between curiosity, compassion, humanity — when Monica Lewinsky said, 'I said yes to that interview because I knew she would humanize me and let people see me for who I was,' there was something so uniquely powerful."
Hostin recalled her first days on the job as co-host at "The View," and how Walters helped to validate her opinions and actions as an interviewer.
"When I started co-hosting, I was changing my questions on my cards," Hostin said. "I don't know if you ladies remember that, I was changing them and rewriting them, not realizing that maybe that wasn't appropriate. And she came over to me, there's a picture of it, and said, 'What are you doing?' I said, 'This is not my voice, I'm rewriting my questions, is that OK?' She said, 'I rewrite mine,' and she started helping me. I thought, oh my goodness, the generosity of that moment. I was so scared and I was so nervous and she validated my opinion. And after that day, she would ask me during the Hot Topics meeting, 'Well, what do you think, Sunny?' And I was like, 'Barbara Walters is asking me what I think, wow.'"
"Im grateful, I'm in my 30s, I always saw women in anchor roles, I always saw females on TV in those presences — but it's because she opened that door," Ana Navarro said. "That didn't exist before Barbara Walters. In every sense of the word, she was a pioneer."
Walters launched "The View" in 1997, with original panel Meredith Vieira, Star Jones, Debbie Matenopoulos and comedian Joy Behar. Behar remains the only original panelist still on the show, alongside Whoopi Goldberg, Sunny Hostin, Sara Haines, Ana Navarro and Alyssa Farah Griffin.
The original panelists on "The VIew," Star Jones, Joy Behar, Meredith Vieira, Debbie Matenopoulos and Barbara Walters.
©ABC/Courtesy Everett Collection / Everett Collection
A trailblazer in the industry, Walters worked for the "Today" show for 12 years before joining ABC News in 1976, becoming the first female anchor on evening news. She remained at the network — working for ABC News, joining "20/20" in 1980 and launching "The View" in 1997 — until her retirement in 2014. She won a total of 12 Emmy Awards.
"I do not want to appear on another program or climb another mountain," she said upon leaving "The View" eight years ago. "I want instead to sit on a sunny field and admire the very gifted women — and OK, some men, too — who will be taking my place."
Over the course of her career, Walters interviewed every U.S. president and first lady from the Nixons to the Obamas; she sat down with former President Trump and his wife, Melania Trump, before they entered the White House.
Walter's final appearance as a co-host on "The View" was in 2014, but she remained an executive producer of the show.
"Barbara was a true legend, a pioneer not just for women in journalism but for journalism itself," Disney CEO Bob Iger said in a statement on Friday. "She was a one-of-a-kind reporter who landed many of the most important interviews of our time, from heads of state to the biggest celebrities and sports icons. I had the pleasure of calling Barbara a colleague for more than three decades, but more importantly, I was able to call her a dear friend. She will be missed by all of us at The Walt Disney Company, and we send our deepest condolences to her daughter, Jacqueline."
247 News Around The World
The Fight is Not Over: Invest in Courageous, Progressive Journalism
The struggle for democracy persists as we come into the second half…
World's oldest person dies aged 118 after surviving two World Wars & Covid
THE world's oldest person has died aged 118. Blind French nun Lucile…
What are Bradleys and other Western combat vehicles bound for Ukraine?
Comment on this story Comment Ukraine's Western allies announced this month plans…
India bridge collapse: Many feared dead after hundreds plunge into river
A suspension bridge has collapsed in India, plunging hundreds of people into…
The A-list bar kit | Daily Mail Online
The A-list bar kit By Alice Hare For The Daily Mail Published:…
The best sales to shop today: Dyson, Samsung Frame TV, Philips Hue and more | CNN Underscored
Yung Gravy is getting a legal Rick-rolling from the man himself ……


text:
Karl Denson's Tiny Universe
Karl Denson's Tiny Universe Shows
Nearby Shows
Sorry. There are no upcoming Karl Denson's Tiny Universe shows near you.
All Upcoming Shows
The Ardmore Music Hall
Southern Avenue
High And Mighty Brass Band
McMenamins Elks Temple
The Crystal Ballroom
Okeechobee Music & Arts Festival
BassnectarVampire WeekendMumford & Sons
4 days • Mar 5 – 8, 2020
See Members of Karl Denson's Tiny Universe
DJ Williams' Shots Fired
Big Night Live
The Stone Pony
The Greyboy Allstars
Moe's Alley
The New Parish Music Hall
Crown Room at Crystal Bay Club
Crystal Bay, NV
Oteil & FriendsTurkuazThe Motet
Brooklyn Comes Alive
1 day • Mar 21, 2020
Latest Karl Denson's Tiny Universe Articles
Karl Denson's Tiny Universe Extends Winter Tour 2020
Karl Denson's Tiny Universe added a handful of shows to their 2020 winter tour.
Karl Denson's Tiny Universe Announces January 2020 Tour
Veteran jam act Karl Denson's Tiny Universe will embark on the brief "Thick As Thieves" winter tour in January 2020.
Karl Denson's Tiny Universe Shares 'Something Sweet' Video
Karl Denson's Tiny Universe tapped drummer Zak Najor to create a video for 'Gnomes & Badgers' track "Something Sweet."
Karl Denson's Tiny Universe Announces Eat A Bunch Of Peaches Concert In New York City
Karl Denson's Tiny Universe will honor the music of The Allman Brothers Band during an Eat A Bunch Of Peaches performance in New York City.
Karl Denson's Tiny Universe Performs Live For Paste
10:25 am PDT
Nate Todd
Watch Karl Denson's Tiny Universe perform live takes on songs from their 2019 album "Gnomes & Badgers."
Gov't Mule & Karl Denson's Tiny Universe Swap Guest Spots In Boston
A short part of Gov't Mule's summer tour that featured Karl Denson's Tiny Universe as support ended with a collaborative night in Boston.
Zak Najor
Chris Stillwell
David Veith
Chris Littlefield
Latest Karl Denson's Tiny Universe Setlist
Karl Denson's Tiny Universe at MSC Divina
Rich Man's Welfare
Setlist info via setlist.fm.
About Karl Denson's Tiny Universe
For nearly three decades, Karl Denson has been electrifying adoring audiences around the world. He was a member of Lenny Kravitz's band and garnered critical acclaim as one of the founders of boogaloo revivalists The Greyboy Allstars. More recently, Denson joined Slightly Stoopid, while his primary creative vehicle, Tiny Universe, has become a major festival and club attraction. All of which have established his reputation as a modern day soul-funk icon. Denson delivers the latest addition to his oeuvre, a relentless 13-track dance floor grenade entitled, New Ammo.
The album is his debut on Slightly Stoopid's record label, Stoopid Records, and his first recording since 2009 with the Tiny Universe. Alongside Denson originals like the title track and"Everybody Knows That," which have become fan favorites from his live sets, he offers up searing versions of "Seven Nation Army" by The White Stripes, "Hang Me Up To Dry" by Cold War Kids and "Sure Shot" by The Beastie Boys. He's joined by a number of special guests, including Mike Dillon, The Cosmic Horns and Nicki Bluhm who adds vocals to the first single "My Baby." In Denson's own words: "We've finally figured out how to capture in the studio what the Tiny Universe does live. We move around a lot musically, but this record reflects who we are as a band and where we're headed with our music!"
— By jambase


What a great post. I find myself defending food bloggers more and more lately. You make some good points here. While I do think honesty and disclosure are important, the notion that a media tasting negates a review is ridiculous. Professional food critics also have their meals paid for and we're supposed to believe that it doesn't color their opinions? I'm not buying it. Opinions are subjective and the more voices at the table, the stronger the food community. I enjoyed reading this so much, Christy!
Thank you so much Kristin for the support. I so agree that the broader the conversation the better.


text:
High inflation points to bigger Social Security COLA in 2023
Joe Raedle | Getty Images News | Getty Images
Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation.
But that increase may not be enough to counter the loss in buying power recipients have experienced over the years, according to a new analysis from The Senior Citizens League, a non-partisan advocacy group.
A popular inflation measure, the Consumer Price Index for All Urban Consumers, known as the CPI-U, was up 8.3% over the past 12 months, staying near 40-year highs, according to April data released on Wednesday.
More Americans living paycheck to paycheck as inflation climbs
Where consumers plan to cut spending amid record-high prices
Americans say inflation has 'negative impact' on goals
Meanwhile, the index the Social Security Administration uses to calculate cost-of-living adjustments each year, the Consumer Price Index for Urban Wage Earners and Clerical Workers, or CPI-W, increased by 8.9% over the last 12 months.
That points to a cost-of-living adjustment of 8.6% for 2023, based on the April data, according to The Senior Citizens League.
That is down from the group's 8.9% COLA estimate based on March CPI data. At that time, the CPI-W had increased 9.4% over the past year.
Social Security beneficiaries saw a 5.9% bump to their monthly checks in 2022, the highest increase in about 40 years.
To be sure, a bigger cost-of-living adjustment for 2023 is not guaranteed.
To calculate the COLA each year, the Social Security Administration compares CPI-W data from the third quarter to the third quarter of the prior year.
If inflation subsides, there is the possibility of a lower adjustment, or even no increase, for next year or in 2024.
Much of that will depend on how fast the Federal Reserve's efforts to tamp down inflation by raising interest rates takes effect, according to Mary Johnson, Social Security and Medicare policy analyst at the Senior Citizens League.
"I think the action at the Fed is going to slow things down," Johnson said.
One possibility is inflation may become deflation, where prices start going down very rapidly, she said.
However, even another record high cost-of-living adjustment may not be enough to stop the loss of buying power people who rely on those benefits have already seen over the years.
Social Security benefits have lost 40% of their buying power since the year 2000, according to a new analysis by The Senior Citizens League.
"People who have been retired the longest have really been impacted the most, because they've had a cumulative effect where their COLA hasn't been keeping up," Johnson said.
The sharpest drop in purchasing power ever recorded by the group occurred between March of last year and this March, when it dropped 10 percentage points.
Fastest-growing costs for older Americans from March 2021 to March 2022
Cost in March 2021
% Increase
1. Home heating oil $2.86 $5.13 79%
2. Gasoline (gallon) $2.86 $4.33 51%
3. Used vehicles (numeric data) 153.873 208.216 35%
4. Propane gas (gallon) $2.30 $2.98 30%
5. Eggs (dozen) $1.63 $2.05 26%
6. Bacon (lb.) $5.85 $7.20 23%
7. Oranges (lb.) $1.27 $1.48 16.5%
8. Coffee (lb.) $4.67 $5.41 16%
9. Premium Medicare Part B $148.50 $170.10 14.5%
10. Ground chuck (lbs.) $4.31 $4.87 13%
Source: Senior Citizens League, based on Bureau of Labor Statistics data through March.
Categories Business Tags business news, Income disparity, Inflation, Personal debt, Personal Finance, personal income, Personal saving, Personal spending, Prices, Retired finances, Social Issues, Social Security, US Economy, Wages and salaries, Withdrawn
Rogue Legacy 2 – Zero Punctuation
How to get Paxlovid, a pill that helps prevent COVID hospitalization: Shots


text:
BC First Nations earning carbon credits
January 24, 2013, Vancouver, BC – The so-called Great Bear Rainforest has become part of the carbon economy.
January 24, 2013 By Vancouver Sun
First Nations are now earning money through carbon credits by reducing the amount they and forest companies are allowed to log as laid out by new B.C. laws. They are also getting credit for the timber they and logging companies were prohibited from cutting after numerous areas were turned into conservancies.
The premise is that if fewer trees are logged, theoretically it means that more carbon dioxide will be sequestered from the atmosphere. Those tonnes of carbon dioxide – or greenhouse gas emissions – reductions can be sold in the new carbon economy to help industry and governments offset their emissions.
In the Great Bear Rainforest's first carbon transaction, the Crown corporation Pacific Carbon Trust (PCT) has purchased 300,000 tonnes of carbon reductions from nearby First Nations for an undisclosed price.
It's likely the carbon dioxide reductions were valued at more than $2 million, but neither the First Nations nor PCT will say. The six First Nations – Nux-alk, Wuikinuxv, Metlakatla, Kitasoo, Heiltsuk and Gitga'at – hope to sell millions more credits at home and globally in the next 25 years.
The idea is that the carbon credits will fetch a premium because of the "charisma" of the Great Bear Rainforest.
But there's a catch. In order for the carbon credits to be considered legitimate – both under British Columbia's system and under other global standards – they have to pass a key test called "additionality."
That test must show the project – in this case, the conservation of the forest – only went forward because revenue from the carbon credits made it viable, helping overcome some financial or technical barrier.
It's an issue B.C.'s auditor general is already examining in a review of the PCT expected to be released this spring.
UK's Estover wins approval for biomass CHP plants
EUA launches Biomas Heating Group


Blogging has quickly become one of the most popular ways of communicating and spreading information. There are millions of blogs online today. Blogging has also become a source of income for some people.
There are many reasons to start your own blog.
Blogging is almost free or we can say – its affordable. You only need to get a Hosting Account and a Domain Name for your blog, which is pretty cheap nowadays. And then, you can get started and have your blog running in 60 minutes. The main part of blogging is that, blogs are inexpensive, easy to use and can be updated quickly.
Many things happen in your day-to-day life. You read, see, feel and hear many things everyday. But, with a blog, you can express yourself & your feelings. You can tell your stories, share your articles & also your knowledge with others around the world. It's a great feeling which money can't buy.
Blogging is about sharing what you see, or want to see, in the world. It's about teaching or sharing what you know and what you are learning. Blogging can surely help you learn new things. You'll learn about various things such as Coding, Domain, Hosting, Web Designing, Search Engine Optimization (SEO), Social Media and many more things just by blogging.
You'll learn a new thing everyday. And within a short time, you'll be proud of your valuable skills that you have learned. These skills alone can help you a lot in your blogging career and your future.
Blogging can surely make you a better person. It can improve your writing skills, communication skills & creativity skills. It can make you learn new things. It can also boost your confidence.
With Blogging, you can help people. You can inspire young people to discover and explore their true potentials. You can spread your information and knowledge through blogging. You can even help others by providing them solutions to their problems. Your knowledge or advice could be essential and very helpful.
Blogging can improve your writing skills. The more you write, the more you become good at it. Blogging can help you write better. Also, if you are a writer and love writing, then you would definitely love Blogging.
Don't just consume other's content, produce your own valuable content. It may help others.
Blogging is all about being creative & being unique. You can inspire & motivate others with your valuable & unique content which can make you stand out.
There are many people who are introvert or shy to express themselves and their feelings.
Blogging can help you to share your views and voice your opinions. With blogging, you can learn to recognize and build your strength, and also admit and improve on your weaknesses. Blogging can help you discover more confidence in your life. You can also inspire people and make them also confident about themselves.
We all are busy in our day-to-day lives. Those people who are busy or active, spend less time on social networking sites. Blogging can help you to keep in touch with your friends, colleagues and relatives. They can easily read everything about your activities, ideas and success through your blog. Blogging can be used as a communication tool. It can help you connect with successful bloggers around the world, who can inspire you or influence you.
We all have things that make us tick. It can be your hobbies, interests, passion or any other activities which you love to do. Blogging can help you promote it. You can showcase your artworks or designs on your blog. You can even showcase your portfolio on your blog.
Blogging helps you to be resourceful. It can help you to think better, imagine better and create unique ideas. It can make you think out of the world. In short, it can make you a creative person & boost your creativity.
Blogging can give you the freedom to work from anywhere, at any time of the day and on things you actually enjoy doing. It can give you the freedom to finally have ample time for your family and your hobbies. You can blog whenever you want. Freedom is a huge reason to start a blog and make it work at producing an income. No time limits, No deadlines. Just pure freedom.
Blogging can help you connect with various people around the world. It can help you build your own network. It can help you to make friends with people from all walks of life. You can share your ideas, views or interests with different people and inspire them. You can also learn different things from different people.
There are more than millions of blogs online today. Even big firms or companies have their own blogs, which can help them to provide various solutions to their customers about their products and also to interact with their customers around the world. It can help to build trust and grow the business.
Yes, you read it right ! You must have been heard or seen people who are making a lot of money by just blogging. Even you can make money out of your blog. Yes, it's possible to monetize your blog. It takes time, but once you have enough traffic to your blog, you will start making some small, yet passive income. But as time goes by, your blog traffic can increase which can ultimately generate income from your blog. Also, there are many people who earn their living from blogging.
Start Your Own Blog Today !


text:
Numlock News: November 12, 2018
The hottest get-rich-quick scheme these days is the Narcotic Rewards Program, a State Department offering that will pay out as much as $5 million if you're willing to narc on an international drug kingpin. Over the course of its run it's distributed $108 million for arrests of roughly 70 such individuals. In the past five years they've been on a tear, distributing $32 million to 33 people. And while it doesn't get the press of other cash-for-snitching operations, like the $173 million that's been doled out by the State Department for deets on alleged terrorists, war criminals and international organized crime figures, it's enough to make one go through the ol' contacts list to check if anyone is making good in transnational illicit pharmaceutical trade.
Olivia Carville, Bloomberg
All The Tender Sweetness Of A Seasick Crocodile
Speaking of international criminals, The Grinch from Illumination Entertainment pulled in $66 million at the domestic box office this weekend, crushing expectations of $50 million and taking the number one spot. The film stars Benedict Cumberbatch doing a mediocre James Urbaniak impression and tells the timeless story of a dog who succumbs to the banality of evil and abets the disturbing goals of a maniac despite a conscience telling him that his actions are wrong the whole time. This dark story, which exposes the distressing rot at the core of the human soul and the capacity for reasonable people to aid in the vile in exchange for trinkets and safety, comes from the twisted minds that brought us the similar parable Minions.
Frank Pallotta, CNN
Speaking of Frank Pallotta, I talked to him for yesterday's Sunday subscriber special! We went deep on why the box office is on a tear this year, and talked about the future and legacy of MoviePass. Thanks to the paid subscribers to Numlock News who make this possible. Subscribers guarantee this stays ad-free, and get a special Sunday edition.
In 2018, the average American wedding had five bridesmaids, up from four in 2007. It's not uncommon for some weddings to have bridesmaids in the double digits, which usually means grooms have to find a way to field an equivalent baseball team. Part of this is that the median age for women to first marry is now 27, up from the 20 to 22 that dominated most of the 20th century, thus giving people more time to make more friends. The other part is that if the crew you assembled is insufficient to rob a casino, Ocean's 11-style, how can you possibly expect them to pull off a coordinated jump during pictures?
Caroline Kitchener, The Atlantic
A Los Angeles band has been accused of faking a fanbase in order to land a 10-city European Tour. By faking Facebook likes and allegedly impersonating representation, the band Threatin pulled one over on a London club by claiming to have sold 291 tickets when they had, in fact, not. All of the 100 people who claimed on Facebook they would attend, in fact, lived in Brazil. A closer look led to evidence the band's YouTube presence was faked. The 43 monthly listeners should have probably been a red flag. It also appears the band's booking agency, label, and Soundcloud page were equally spoofs. Now the band's guitarist and drummer have quit and revealed they too were duped. If it pans out, it's an incredible grift.
BBC, and Vince Neilstein, Metal Sucks
The U.S. House of Representatives has 435 members, a figure that has been fixed since 1920. This is in spite of an enormous expansion in the size of the country: initially the founders of the country wanted 30,000 people per representative, but today that ratio is almost 750,000 people per representative. The number of seats in a legislature is — in wealthy democracies — typically pretty close to the cube root of the population. In the U.S., that would put us at a legislature with 593 seats. Such an expansion would keep the general count of safe seats for each party in the same ball park, but would expand the middle considerably, with 45 toss-ups expanding to an estimated 150.
The Editorial Board, The New York Times
In 2007, a group of lawyers, academics, writers and fans formed the Organization for Transformative Works, which maintains the largest database of fanfiction on the internet. Archive of Our Own maintains 4.2 million fan works encompassing 30,000 individual fandoms. If you like a television show, odds are good that somebody has written about two of the characters from that television show getting weird and odds are equally good that it's hosted on Archive of Our Own. It's an explicitly non-commercial space and is situated in a fascinating intersection of copyright, First Amendment law and good taste. The management has hewed to a maximalist approach, allowing the objectionable and misspelled without regulation. Some want a heavier touch, perhaps confusing an internet fanfiction hosting site with the Library of Alexandria. Nonetheless, the future of free speech and censorship could very well come down the Supreme Court deciding Amalgamated Content Inc. vs LunaLovepony420 et al., so I say we hear them out.
Elizabeth Minkel, The Verge
Over 100 million websites give audience data to Quantcast and in a single week the company can collect 5,300 rows and 46 columns of data about a single individual. This kind of tracking data — according to their data, over 90 percent of people click that "I Accept" button to consent to data collection — is then crunched and sold to data brokers. Acxiom, one such broker, sells data about 700 million consumers pulled from hundreds of sources.
Frederike Kaltheuner, Privacy International
Thank you so much for subscribing! If you're enjoying the newsletter, forward it to someone you think may enjoy it too!
Previous Sunday special editions: Voting Rights · Goats · Invitation Only · Fat Bear Week · Weinersmith · Airplane Bathrooms · NIMBYs · Fall 2018 Sports Analytics · The Media · Omega-3 · Mattress Troubles · Conspiracy Theorists · Beaches · Bubbles · NYC Trash · Fish Wars · Women's Jeans · Video Stores