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HPE Reports Fiscal 2017 First Quarter Results
FEBRUARY 23, 2017 • Press Release
HPE announces financial results for its fiscal 2017 first quarter, ending January 31, 2017
PALO ALTO, CA--(Marketwired - Feb 23, 2017) - Hewlett Packard Enterprise (NYSE: HPE)
First quarter GAAP diluted net earnings per share of $0.16, above the previously provided outlook of $0.03 to $0.07 per share
First quarter non-GAAP diluted net earnings per share of $0.45, near the high end of the previously provided outlook of $0.42 to $0.46 per share
First quarter net revenue of $11.4 billion, down 10% from the prior-year period and down 4% when adjusted for divestitures and currency
First quarter cash flow from operations of ($1.5) billion, down from ($75) million in the prior-year period
Returned $750 million to shareholders in the form of share repurchases and dividends
Updates FY17 GAAP diluted net EPS outlook to $0.60 to $0.70 from $0.72 to $0.82
Updates FY17 non-GAAP diluted net EPS outlook to $1.88 to $1.98 from $2.00 to $2.10
Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for its fiscal 2017 first quarter, ended January 31, 2017.
First quarter net revenue of $11.4 billion was down 10% from the prior-year period and down 4% when adjusted for divestitures and currency.
First quarter GAAP diluted net earnings per share (EPS) was $0.16, up from $0.15 in the prior-year period, and above its previously provided outlook of $0.03 to $0.07.First quarter non-GAAP diluted net EPS was $0.45, up from $0.41 in the prior-year period, and near the high end of its previously provided outlook of $0.42 to $0.46.First quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax costs of $505 million and $0.29 per diluted share, respectively, related to separation costs, restructuring charges, amortization of intangible assets, acquisition and other related charges, an adjustment to earnings from equity interests, defined benefit plan settlement and remeasurement charges and tax indemnification adjustments.
"I believe HPE remains on the right track," said Meg Whitman, President and CEO of Hewlett Packard Enterprise. "The steps we're taking to strengthen our portfolio, streamline our organization, and build the right leadership team, are setting us up to win long into the future."
HPE fiscal 2017 first quarter financial performance
Q1 FY17
Y/Y
GAAP net revenue ($B)
GAAP operating margin
GAAP net earnings ($B)
GAAP diluted net earnings per share
Non-GAAP operating margin
Non-GAAP net earnings ($B)
Non-GAAP diluted net earnings per share
Cash flow from operations ($B)
($1.5)
Information about HPE's use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below.
Three significant headwinds have developed since Hewlett Packard Enterprise provided its original fiscal 2017 outlook at its Securities Analyst Meeting in October 2016: increased pressure from foreign exchange movements, higher commodities pricing, and some near-term execution issues.Given these challenges, the company is reducing its FY17 outlook by $0.12 in order to continue making the appropriate investments to secure the long-term success of the business.
For the fiscal 2017 second quarter, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of ($0.03) to $0.01 and non-GAAP diluted net EPS to be in the range of $0.41 to $0.45. Fiscal 2017 second quarter non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $0.44 per diluted share, related primarily to separation costs, restructuring charges and the amortization of intangible assets.
For fiscal 2017, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.60 to $0.70 and non-GAAP diluted net EPS to be in the range of $1.88 to $1.98. Fiscal 2017 non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $1.28 per diluted share, related primarily to separation costs, restructuring charges and the amortization of intangible assets.
Fiscal 2017 first quarter segment results
Enterprise Group revenue was $6.3 billion, down 12% year over year, down 6% when adjusted for divestitures and currency, with a 12.7% operating margin. Servers revenue was down 12%, down 11% when adjusted for divestitures and currency, Storage revenue was down 13%, down 12% when adjusted for divestitures and currency, Networking revenue was down 33%, up 6% when adjusted for divestitures and currency, and Technology Services revenue was down 2%, up 4% when adjusted for divestitures and currency.
Enterprise Services revenue was $4.0 billion, down 11% year over year, down 6% when adjusted for divestitures and currency, with a 7.0% operating margin. Infrastructure Technology Outsourcing revenue was down 8%, down 7% when adjusted for divestitures and currency, and Application and Business Services revenue was down 17%, down 3% when adjusted for divestitures and currency.
Software revenue was $721 million, down 8% year over year, down 1% when adjusted for divestitures and currency, with a 21.4% operating margin. License revenue was down 9%, down 2% when adjusted for divestitures and currency, Support revenue was down 9%, down 2% when adjusted for divestitures and currency, Professional Services revenue was down 7%, down 5% when adjusted for divestitures and currency, and Software-as-a-service (SaaS) revenue was up 4%, up 6% when adjusted for divestitures and currency.
Financial Services revenue was $823 million, up 6% year over year, net portfolio assets were up 2%, and financing volume was down 10%. The business delivered an operating margin of 9.5%.
Revenue adjusted for divestitures and currency excludes revenue resulting from businesses divestitures in fiscal 2017, 2016 and 2015 and also assumes no change in the foreign exchange rate from the prior-year period. A reconciliation of GAAP revenue to revenue adjusted for divestitures and currency is provided in the earnings presentation at investors.hpe.com.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an industry leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.
Use of non-GAAP financial information
To supplement Hewlett Packard Enterprise's condensed and consolidated financial statement information presented on a generally accepted accounting principles (GAAP) basis, Hewlett Packard Enterprise provides revenue on a constant currency basis, revenue adjusted for divestitures and currency, as well as non-GAAP operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP income tax rate, non-GAAP net earnings, non-GAAP diluted net earnings per share, gross cash, free cash flow, normalized free cash flow, net capital expenditures, net debt, net cash, operating company net debt and operating company net cash financial measures. Hewlett Packard Enterprise also provides forecasts of non-GAAP diluted net earnings per share and free cash flow. A reconciliation of adjustments to GAAP financial measures for this quarter and prior periods is included in the tables below or elsewhere in the materials accompanying this news release. In addition, an explanation of the ways in which Hewlett Packard Enterprise's management uses these non-GAAP measures to evaluate its business, the substance behind Hewlett Packard Enterprise's decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which Hewlett Packard Enterprise's management compensates for those limitations, and the substantive reasons why Hewlett Packard Enterprise's management believes that these non-GAAP measures provide useful information to investors is included under "Use of non-GAAP financial measures" further below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for revenue, operating profit, operating margin, net earnings, diluted net earnings per share, cash and cash equivalents, cash flow from operations, investments in property, plant and equipment, or total company debt prepared in accordance with GAAP.
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any statements of the plans, strategies and objectives of management for future operations, including the pending divestiture transactions, the execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on Hewlett Packard Enterprise and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements or assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise's businesses; the competitive pressures faced by Hewlett Packard Enterprise's businesses; risks associated with executing Hewlett Packard Enterprise's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of Hewlett Packard Enterprise's products and the delivery of Hewlett Packard Enterprise's services effectively; the protection of Hewlett Packard Enterprise's intellectual property assets, including intellectual property licensed from third parties; risks associated with Hewlett Packard Enterprise's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Hewlett Packard Enterprise and its suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the results of the divestiture transactions or restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of Hewlett Packard Enterprise's business) and the anticipated benefits of the transactions or of implementing the restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Hewlett Packard Enterprise's Annual Report on Form 10-K for the fiscal year ended October 31, 2016 and subsequent Quarterly Reports on Form 10-Q.
As in prior periods, the financial information set forth in this press release, including tax-related items, reflects estimates based on information available at this time. While Hewlett Packard Enterprise believes these estimates to be reasonable, these amounts could differ materially from reported amounts in the Hewlett Packard Enterprise Quarterly Report on Form 10-Q for the quarter ended January 31, 2017. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except per share amounts)
Costs and expenses:
Selling, general and administrative
Amortization of intangible assets
Restructuring charges
Acquisition and other related charges
Separation costs
Defined benefit plan settlement and remeasurement charges (a)
Gain on MphasiS and H3C divestitures
Total costs and expenses
Earnings from operations
Interest and other, net
Tax indemnification adjustments
Loss from equity interests (b)
Earnings before taxes
Tax settlements (c)
Provision for taxes
(41
Net earnings
Net earnings per share:
Cash dividends declared per share
Weighted-average shares used to compute net earnings per share:
(a) Represents adjustment to net periodic pension cost resulting from remeasurements of the Hewlett-Packard Enterprise pension plans in anticipation of the spin-off and merger of Everett Spinco, Inc. with Computer Sciences Corporation.
(b) Primarily represents the Company's ownership interest in the net earnings of H3C, which it records as an equity method investment.
(c) Related to the settlement of certain pre-separation Hewlett-Packard Company income tax liabilities of which $328 million (reported within Tax indemnification adjustments) is indemnified by HP Inc. through the Tax Matters Agreement.
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS,
OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE
(In millions, except percentages and per share amounts)
Three months ended January 31, 2017
Diluted net earnings per share
GAAP net earnings
Adjustments for taxes
Non-GAAP net earnings
GAAP earnings from operations
Non-GAAP earnings from operations
Non-GAAP adjustments
(b) Represents the amortization of the basis difference adjustments related to the H3C divestiture.
(In millions, except par value)
Financing receivables
Long-term financing receivables and other assets (a)
Investments in equity interests
Goodwill and intangible assets
Notes payable and short-term borrowings (a)
Employee compensation and benefits
Taxes on earnings
Deferred revenue
Other accrued liabilities
Long-term debt (a)
HPE stockholders' equity:
Preferred stock, $0.01 par value (300 shares authorized; none issued and outstanding at January 31, 2017)
Common stock, $0.01 par value (9,600 shares authorized; 1,663 and 1,666 shares issued and outstanding at January 31, 2017 and October 31, 2016, respectively)
Accumulated other comprehensive loss
Total HPE stockholders' equity
Non-controlling interests
(a) During the first quarter of fiscal 2017, the Company adopted on a retrospective basis the guidance on the presentation of debt issuance cost as a direct deduction from the related debt liability. As such, prior period amounts have been reclassified to conform to the current presentation.
Three Months Ended January 31,
Adjustments to reconcile net earnings to net cash used in operating activities:
Stock-based compensation expense
Provision for doubtful accounts and inventory
Deferred taxes on earnings
Excess tax benefit from stock-based compensation
Loss from equity interests
Other, net
Other assets and liabilities (a)
Net cash used in operating activities
Investment in property, plant and equipment
Purchases of available-for-sale securities and other investments
Maturities and sales of available-for-sale securities and other investments
Payments made in connection with business acquisitions, net of cash acquired
(Payments) proceeds from business divestitures, net
Short-term borrowings with original maturities less than 90 days, net
Issuance of debt
Payment of debt
Settlement of cash flow hedge
Issuance of common stock under employee stock plans
Repurchase of common stock
Net transfer from former Parent
Cash dividends paid
Net cash used in financing activities
Decrease in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
(a) Includes $1.9 billion of initial funding payments related to unfunded pension liabilities in association with the spin-off and merger of the Enterprise Services business with Computer Science Corporation.
January 31,
October 31,
Net revenue: (a)
Enterprise Group
Corporate Investments
Total segment net revenue
Elimination of intersegment net revenue and other
Total Hewlett Packard Enterprise consolidated net revenue
Earnings before taxes: (a)
Total segment earnings from operations
Corporate and unallocated costs and eliminations
Defined benefit plan settlement and remeasurement charges (b)
Loss from equity interests (c)
Total Hewlett Packard Enterprise consolidated earnings before taxes
(a) Effective at the beginning of the first quarter of fiscal 2017, the Company implemented organizational changes to align its segment financial reporting more closely with its current business structure. These organizational changes resulted in: (i) within the Enterprise Group segment, primarily, the transfer of the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of the Communications and Media Solutions product group previously reported within the Enterprise Services segment to the Technology Services business unit within the Enterprise Group segment.
The Company reflected these changes to its segment information retrospectively to the earliest period presented, which resulted in: (i) within the Enterprise Group segment, primarily, the transfer of net revenue from the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of net revenue from the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of net revenue, related eliminations of intersegment revenues and operating profit related to the Communications and Media Solutions product group previously reported within the Enterprise Services segment to the Technology Services business unit within the Enterprise Group segment.
The changes within the Enterprise Group segment had no impact on Hewlett Packard Enterprise's previously reported Enterprise Group segment net revenue and earnings from operations. The change between the Enterprise Services and Enterprise Group segments had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
(b) Represents adjustment to net periodic pension cost resulting from remeasurements of the Hewlett-Packard Enterprise pension plans in anticipation of the spin-off and merger of Everett Spinco, Inc. with Computer Sciences Corporation.
(c) Represents the Company's ownership interest in the net earnings of equity method investments, primarily H3C.
SEGMENT/BUSINESS UNIT INFORMATION
(In millions, except percentages)
Q/Q
Total Enterprise Group
Infrastructure Technology Outsourcing
Application and Business Services
Total Enterprise Services
SEGMENT OPERATING MARGIN SUMMARY DATA
Change in Operating
Margin (pts)
Segment operating margin: (a)
(0.6) pts
2.2 pts
(10.7) pts
Corporate Investments (b)
Total segment operating margin
(b) "NM" represents not meaningful.
CALCULATION OF DILUTED NET EARNINGS PER SHARE
Numerator:
Denominator:
Weighted-average shares used to compute basic net earnings per share
Dilutive effect of employee stock plans (a)
Weighted-average shares used to compute diluted net earnings per share
(a) Includes any dilutive effect of restricted stock awards, stock options and performance-based awards.
Use of non-GAAP financial measures
To supplement Hewlett Packard Enterprise's condensed and consolidated financial statement information presented on a GAAP basis, Hewlett Packard Enterprise provides revenue on a constant currency basis, revenue adjusted for divestitures and currency, non-GAAP operating expenses, non-GAAP operating profit, non-GAAP operating margin, non-GAAP income tax rate, non-GAAP net earnings, non-GAAP diluted net earnings per share, gross cash, free cash flow, normalized free cash flow, net capital expenditures, net debt, net cash, operating company net debt and operating company net cash financial measures. Hewlett Packard Enterprise also provides forecasts of non-GAAP diluted net earnings per share and free cash flow.
These non-GAAP financial measures are not computed in accordance with, or as an alternative to, generally accepted accounting principles in the United States. The GAAP measure most directly comparable to revenue on a constant currency basis is revenue. The GAAP measure most directly comparable to revenue adjusted for divestitures and currency is revenue. The GAAP measure most directly comparable to non-GAAP operating expense is total costs and expenses. The GAAP measure most directly comparable to non-GAAP operating profit is earnings from operations. The GAAP measure most directly comparable to non-GAAP operating margin is operating margin. The GAAP measure most directly comparable to non-GAAP income tax rate is income tax rate. The GAAP measure most directly comparable to non-GAAP net earnings is net earnings. The GAAP measure most directly comparable to non-GAAP diluted net earnings per share is diluted net earnings per share. The GAAP measure most directly comparable to gross cash is cash and cash equivalents. The GAAP measure most directly comparable to free cash flow is cash flow from operations. The GAAP measure most directly comparable to normalized free cash flow is cash flow from operations. The GAAP measure most directly comparable to net capital expenditures is investment in property, plant and equipment. The GAAP measure most directly comparable to net debt and operating company net debt is total company debt. The GAAP measure most directly comparable to each of net cash and operating company net cash is cash and cash equivalents. Reconciliations of each of these non-GAAP financial measures to GAAP information are included in the tables above or elsewhere in the materials accompanying this news release.
Use and economic substance of non-GAAP financial measures used by Hewlett Packard Enterprise
Revenue on a constant currency basis assumes no change in the foreign exchange rate from the prior-year period. Revenue adjusted for divestitures and currency excludes revenue resulting from businesses divestitures in fiscal 2017, 2016 and 2015 and also assumes no change in the foreign exchange rate from the prior-year period. Non-GAAP operating expenses, non-GAAP operating profit, and non-GAAP operating margin are defined to exclude the effects of a gain on the MphasiS and H3C divestitures and any charges relating to the amortization of intangible assets, restructuring charges, charges relating to the separation and divestituretransactions, acquisition and other related charges and defined benefit plan settlement and remeasurement charges. Non-GAAP net earnings and non-GAAP diluted net earnings per share consist of net earnings or diluted net earnings per share excluding those same charges and valuation allowances and separation taxes, adjustments to loss from equity interest, tax indemnification adjustments and tax settlements. In addition, non-GAAP net earnings and non-GAAP diluted net earnings per share are adjusted by the amount of additional taxes or tax benefits associated with each non-GAAP item. Hewlett Packard Enterprise's management uses these non-GAAP financial measures for purposes of evaluating Hewlett Packard Enterprise's historical and prospective financial performance, as well as Hewlett Packard Enterprise's performance relative to its competitors. Hewlett Packard Enterprise's management also uses these non-GAAP measures to further its own understanding of Hewlett Packard Enterprise's segment operating performance. Hewlett Packard Enterprise believes that excluding the items mentioned above from these non-GAAP financial measures allows Hewlett Packard Enterprise's management to better understand Hewlett Packard Enterprise's consolidated financial performance in relation to the operating results of Hewlett Packard Enterprise's segments, as Hewlett Packard Enterprise's management does not believe that the excluded items are reflective of ongoing operating results. More specifically, Hewlett Packard Enterprise's management excludes each of those items mentioned above for the following reasons:
Hewlett Packard Enterprise recorded a gain on the sale of its assets and liabilities identified as part of the H3C and MphasiS transactions during fiscal 2016. Hewlett Packard Enterprise excludes these gains for purposes of calculating these non-GAAP measures because it believes that these one-time gains do not reflect the Company's ongoing operational performance, thereby facilitating a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods
Hewlett Packard Enterprise incurs charges relating to the amortization of intangible assets. Those charges are included in Hewlett Packard Enterprise's GAAP earnings from operations, operating margin, net earnings and diluted net earnings per share. Such charges are significantly impacted by the timing and magnitude of Hewlett Packard Enterprise's acquisitions and any related impairment charges. Consequently, Hewlett Packard Enterprise excludes these charges for purposes of calculating these non-GAAP measures to facilitate a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Restructuring charges are costs associated with a formal restructuring plan and are primarily related to (i) employee termination costs and benefits (ii) costs to vacate duplicative facilities and (iii) an accelerated employee stock compensation program. Hewlett Packard Enterprise excludes these restructuring costs (and any reversals of charges recorded in prior periods) for purposes of calculating these non-GAAP measures because it believes that these historical costs do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of Hewlett Packard Enterprise's current operating performance or comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Separation costs are expenses associated with HPI's (formerly known as "Hewlett-Packard Company" or "HP Co.") separation into two independent publicly-traded companies and the spin-off and merger transactions of the Enterprise Services business with CSC and the Software business with Micro Focus. The charges are primarily related to third-party consulting, contractor fees, early debt settlement costs, marketing and branding related expenses, and other incremental costs incurred to complete the transactions. Hewlett Packard Enterprise excludes these separation costs for purposes of calculating these non-GAAP measures to facilitate a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Hewlett Packard Enterprise incurs cost related to its acquisitions and divestitures, most of which are treated as non-cash or non-capitalized expenses. The charges are direct expenses such as professional fees and retention costs, as well as non-cash adjustments to the fair value of certain acquired assets such as inventory. Because non-cash or non-capitalized acquisition-related expenses are inconsistent in amount and frequency and are significantly impacted by the timing and nature of Hewlett Packard Enterprise's acquisitions and divestitures, Hewlett Packard Enterprise believes that eliminating such expenses for purposes of calculating these non-GAAP measures facilitates a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's past operating performance.
Adjustments to loss from equity interests includes purchase accounting adjustments and the amortization of the basis difference in relation to the H3C divestiture and the resulting equity method investment in H3C. Hewlett Packard Enterprise believes that eliminating these amounts for purposes of calculating non-GAAP operating profit facilitates a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Hewlett Packard Enterprise incurs defined benefit plan settlement and remeasurement charges relating to its defined pension plans. The charges are associated with the net settlement resulting from voluntary lump sum payments offered to certain terminated vested participants and remeasurement of plan assets in anticipation of the planned spin-off of the Enterprise Services business and merger with CSC, resulting in a decrease to the net periodic pension expense. Hewlett Packard Enterprise excludes these charges for the purpose of calculating these non-GAAP measures to facilitate a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Tax indemnification adjustments are related to changes in the indemnification positions between Hewlett Packard Enterprise and HPI that are recorded by the Company as pre-tax income or expense and not considered tax expense. Hewlett Packard Enterprise excludes these charges for the purpose of calculating these non-GAAP measures to facilitate a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
Tax settlements represent settlements of certain pre-separation Hewlett-Packard Company income tax liabilities shared with HP Inc. through the Tax Matters Agreement. The Company excluded this charge for the purpose of calculation non-GAAP measures to facilitate a more meaningful evaluation of Hewlett Packard Enterprise's current operating performance and comparisons to Hewlett Packard Enterprise's operating performance in other periods.
As a result of the separation, Hewlett Packard Enterprise recorded net tax benefits comprising the reversal of a previously recorded valuation allowance, the write off of certain deferred taxes that will no longer provide any future benefits to the Company and the effect of a separation related tax deduction. Hewlett Packard Enterprise believes that eliminating these amounts for purposes of calculating non-GAAP net earnings facilitates a more meaningful comparison of Hewlett Packard Enterprise's net earnings to other periods.
Material limitations associated with use of non-GAAP financial measures
These non-GAAP financial measures have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of Hewlett Packard Enterprise's results as reported under GAAP. Some of the limitations in relying on these non-GAAP financial measures are:
Items such as amortization of intangible assets, though not directly affecting Hewlett Packard Enterprise's cash position, represent the loss in value of intangible assets over time. The expense associated with this loss in value is not included in non-GAAP operating expenses, non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings or non-GAAP diluted net earnings per share, and therefore does not reflect the full economic effect of the loss in value of those intangible assets.
Items such as restructuring charges and separation costs that are excluded from non-GAAP operating expenses, non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net earnings per share can have a material impact on the equivalent GAAP earnings measure and cash flows.
Hewlett Packard Enterprise may not be able to immediately liquidate the short-term and long-term investments included in gross cash, which may limit the usefulness of gross cash as a liquidity measure.
Other companies may calculate revenue on a constant currency basis, non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net earnings per share differently than Hewlett Packard Enterprise does, limiting the usefulness of those measures for comparative purposes.
Compensation for limitations associated with use of non-GAAP financial measures
Hewlett Packard Enterprise compensates for the limitations on its use of non-GAAP financial measures by relying primarily on its GAAP results and using non-GAAP financial measures only as supplement. Hewlett Packard Enterprise also provides a reconciliation of each non-GAAP financial measure to its most directly comparable GAAP measure within this news release and in other written materials that include these non-GAAP financial measures, and Hewlett Packard Enterprise encourages investors to review carefully those reconciliations.
Usefulness of non-GAAP financial measures to investors
Hewlett Packard Enterprise believes that providing revenue on a constant currency basis, revenue adjusted for divestitures and currency, non-GAAP operating expenses, non-GAAP operating profit, non-GAAP operating margin, non-GAAP income tax rate, non-GAAP net earnings, non-GAAP diluted net earnings per share, gross cash, free cash flow, normalized free cash flow, net capital expenditures, net debt, net cash, operating company net debt and operating company net cash financial measures to investors in addition to the related GAAP measures provides investors with greater transparency to the information used by Hewlett Packard Enterprise's management in its financial and operational decision making and allows investors to see Hewlett Packard Enterprise's results "through the eyes" of management. Hewlett Packard Enterprise further believes that providing this information better enables Hewlett Packard Enterprise's investors to understand Hewlett Packard Enterprise's operating performance and to evaluate the efficacy of the methodology and information used by Hewlett Packard Enterprise's management to evaluate and measure such performance. Disclosure of these non-GAAP financial measures also facilitates comparisons of Hewlett Packard Enterprise's operating performance with the performance of other companies in Hewlett Packard Enterprise's industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.
Hewlett Packard Enterprise Announces FY18 Outlook
Q2 Results Summary
Hewlett Packard Enterprise Completes Spin-off and Merger of its Enterprise Services Business with CSC


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Parq Menaẖam Begin (hebreiska: פרק הדרום, פרק מנחם בגין) är en park i Israel.   Den ligger i distriktet Tel Aviv-distriktet, i den norra delen av landet. Parq Menaẖam Begin ligger  meter över havet.

Terrängen runt Parq Menaẖam Begin är platt. Den högsta punkten i närheten är  meter över havet,  km sydost om Parq Menaẖam Begin. Runt Parq Menaẖam Begin är det mycket tätbefolkat, med  invånare per kvadratkilometer. Närmaste större samhälle är Tel Aviv,  km norr om Parq Menaẖam Begin. Runt Parq Menaẖam Begin är det i huvudsak tätbebyggt.

Klimatet i området är tempererat. Årsmedeltemperaturen i trakten är  °C. Den varmaste månaden är juli, då medeltemperaturen är  °C, och den kallaste är januari, med  °C. Genomsnittlig årsnederbörd är  millimeter. Den regnigaste månaden är januari, med i genomsnitt  mm nederbörd, och den torraste är juni, med  mm nederbörd.

Kommentarer

Källor

Parker i Tel Aviv

redpajama_set_name: RedPajamaWikipedia


Irish actor Colin Farrell was snapped at the Heathrow Airport in London. He wore a pair of very well fitting jeans, an open neck light blue shirt and a black leather jacket. Can't wait to see his new movie "Saving Mr. Banks", where he is co-staring with one of my most fave's actor, Tom Hanks.


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Proposed porch for 'ugly stepchild' of a house rejected
Jill Callison
jcallison@argusleader.com
An "ugly stepchild" of a house on East 23rd Street should retain its original character, the Sioux Falls Board of Historic Preservation has decided.
Property owner Jesse Deffenbaugh appeared before the board Wednesday with a proposal to put a front porch on the 100-year-old stucco residence, saying it would help with curb appeal as he prepares the house for sale.
"To me, the one issue with the house, it has some character flaws," Deffenbaugh. "A colonial home needs symmetry. Nothing about the front of this house is symmetrical."
The house that Deffenbaugh called an "ugly stepchild," however, had its defenders on the historic preservation board, leading to a discussion of what would be best: maintaining a historical structure or making it a greater example of the classic colonial style.
"Is (preservation) our entire aim or is it having a better representative of an architectural style?," said board member Tom Keller.
Guidelines state distinctive features should be preserved, board member Ed Lund said. Adding a front porch would modify the house to such an extent that those features would disappear.
"We can look at (the submitted renderings) and say, yeah, that looks good, but it's still going to have an adverse effect," chairwoman Dixie Heib said.
The original builder might have deliberately chosen to make the house asymmetrical, board member Adam Nyhaug said. Decisions like that gives a historic neighborhood such as All Saints, where this house is located, its distinctive character.
"Part of what we don't want to lose, either, is the one lone example of an asymmetrical home in that style," Keller said. "We're preserving architectural history because we'll never get it back if we let it go."
Deffenbaugh can make interior changes and other alterations to preserve the stucco exterior. He said he viewed his proposal as a way to keep the house revitalized so it could live on.
"I'm not trying to change history, I'm trying to bring life to it," Deffenbaugh said. "What I'm trying to do here is get another 100 years out of the house."
The house is identified as contributing to the historic district but is not individually listed.

redpajama_set_name: RedPajamaCommonCrawl


The Day of the Russian Diplomat was marked in New Delhi.
The Russian Centre of Science and Culture in New Delhi marked the Day of the Diplomat with performances by youth folk dance ensemble 'Kristall' and flautist Mikhail Sadoev, along with a photo exhibit depicting the history of diplomatic relations between Russia and India and an exhibition of Russian folk costumes.
Jointly organised by the RCSC and the Russian Embassy, the programme marked the Day of the Russian Diplomat. A Photo Exhibition, "The History of Diplomatic Relations between Russia and India: Down Memory Lane" was on display. The exposition comprised 50 historic photos, including Indian Prime Minister Narendra Modi's official visit to Moscow in December 2015.
Among the guests were Ramadhikari Kumar, President, INDAPRYAL, Sanjay Vedi, Programme Director, Indian Council for Cultural Relations (ICCR) and Sergey Karmalito, Senior Counsellor, Russian Embassy.
Svetlana Ishkuzina, 'Honoured Worker of Culture' of the Tatarstan Republic, is Artistic Director of 'Kristall'. The artists from Kazan presented a medley of 11 Russian folk and national Tatar, Bashkir and Kolyma folk dance compositions, to great appreciation from the audience. Winner of several international competitions, the 'Kristall' team has been visiting India for the last three years; performing in Mumbai in January, and participating in the recent Surajkund Mela. The ensemble has won the Grand Prix at international festivals in Romania, Macedonia, Bulgaria, Germany, Finland, France, Italy, Greece, Hungary, Turkey, Ukraine, Kazakhstan, Georgia, Armenia, Lithuania, the Czech Republic and Poland.
Mr Vedi and Mr Karmalito felicitated the artists after their rousing performance.


Today, Oliver met with the Transport Secretary, Chris Grayling MP, to raise concerns about the abysmal service provided by Govia Thameslink. It follows an earlier meeting last week where the recent deterioration in the service was discussed.
Oliver used the meeting to present a dossier of more than a hundred complaints – describing constituents' immense frustration and despair at the service.
Oliver said: 'Since I stood for election in 2015 I have been inundated with a wave of phone calls, letters, emails and messages about the appalling service.
'I use the service every day and know all too well the horrendous commutes they describe – every day frustrated by missed stops, delays and cancellations.
Oliver used the meeting to draw the Transport Secretary's attention to the huge problems with the service north of the River Thames over the well-publicised problems that commuters face travelling on Southern.
He added: 'I was glad he shared my concern and that he undertook to investigate the causes of the problems – both with Govia Thameslink and Network Rail, which is responsible for rail infrastructure.
Later in the day, Oliver chaired a conference call with Charles Horton, Chief Executive of Govia Thameslink and a number of senior representatives from the company to raise many points from letters he has received in recent weeks and heard an update on performance.
He added: 'As your MP, I can't directly control the performance of Govia Thameslink but I can use my position as your elected representative to represent your anger over the service to Govia executives and ministers.


On March 18, 2016, Caisse de dépôt et placement du Québec ("CDPQ") and Fonds de solidarité FTQ announced a minority investment of $80 million in Triotech, the global leader in immersive and interactive attractions for the entertainment industry.
CDPQ is one of Canada's leading institutional fund managers which invests globally in major financial markets, private equity, infrastructure and real estate. The Fonds de solidarité FTQ is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further the province's development.
Miller Thomson advised both CDPQ and Fonds de solidarité FTQ with respect to this investment with a team that included Simon Labrecque, José Dorais, Stéphanie Normandin and Éloïse Gagné.


Say hello to springtime in Orange County with sunshine, fresh air and family-friendly activities. We've rounded up some of the best happenings of the season to get you outside and ready to enjoy the longer days.
Festival season is here, and Orange County is the spot for exciting spring festivals. Love movies? Film buffs can reserve passes to the Newport Beach Film Festival, which runs from April 25 to May 2. Check out films from around the world at this one-of-a-kind lifestyle event close to your Brookfield SoCal home.
If you're a music lover in need of an 80s throwback, Like Totally Music Festival is the event for you. This Huntington Beach show takes place May 11, featuring live performances by nostalgic favorites, including The Bangles and The Smithereens.
For families looking to connect with nature this spring, the Irvine Regional Park is the perfect location for outdoor action. Here, you can go hiking and visit the zoo or take the kids for a train or paddleboat ride. This historic park is a great place to spend the day.
The fun doesn't stop there! Explore the dining and shopping options at Lido Village in Newport Beach and then jump on the Balboa Island Ferry to experience the exciting attractions just off the coast. From whale watching and Duffy boat rides to a stop at the iconic Balboa Fun Zone, a day trip to this quaint Newport Beach treasure is an Orange County tradition that can't be missed.
Finally, don't let the spring pass you by without a tour of our Orange County neighborhoods—Beverly at Eastwood Village and Legado at Portola Springs. We're open daily from 10am to 6pm and Wednesdays from 2pm to 6pm.


We examined the average cost of car insurance by state to help you figure out how much you Whether you're new to investing or a seasoned investor, our research and tools will help you build and manage your portfolio. Average Cost of Insurance: Car, Home, Renters, Health, and Pet (2018).
How much propane should cost. Average costs and comments from CostHelper's team of professional journalists and community of users. During the heating season (October.
Which cars are the cheapest to insure? How to choose a new car that won't cost you too much on insurance. What factors make your car insurance less? Here are the other cars that made the list of vehicles that will save you money on insurance costs compared to the national average.
Because of the extra expenses, homeowners are paying about $9,400 a year in.
Freigh Rate Calculator Cost analysis for a trucking business Freight Rates And Trucking Expenses: How to determine a fair rate in a rapidly changing market By Tilden.
No insurance. average Clutch subscriber swaps vehicles more than twice a.
Still, it might be wise to sample the offerings on your nondominant side from.
Get cheapest car insurance rates for free. It takes few minutes to update or get new car insurance quote. The highest rates are in Louisiana, Michigan and Georgia – $2,699, $2,520 and $2,155 accordingly. Totally low cost insurance quotes are in Maine, Iowa and North Carolina – $934, $1,028.
Learn all about car insurance costs. Read general car insurance prices, tips and get free insurance estimates. If you've got an automobile, then you will need car insurance to protect it. However, the cost can vary drastically depending on factors such as: the driver's age, car model, geographic.
Looking for car insurance information or your state? Try us and find auto insurance coverage laws and requirements as well as guides for all driver types. This is because not only are the parts more expensive, labor is also costly especially if the car is a new car or a pricey classic car.
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If the car is not rented out owners pay $8 a day for parking and insurance.
When you buy a brand new car, standard insurance coverages might not offer sufficient protection. Learn about 3 key coverages Repair provision coverage. Some policies may also cover the cost of repairs should there be only a partial loss to your new vehicle, regardless of its actual cash value.
NEW research has slammed the brakes. drivers are more likely to make a claim on their insurance than female motorists – and cost insurers greater amounts when it comes to pay-outs. Plus, men on ave.
Monthly plans with most pet insurance companies start at around $20 per month. Dog owners spend an average of $200 on kibble. chew on your new boots.
Car insurance in the UK can be expensive, but is it any more expensive in other countries? In the American state of Louisiana, drivers fork out an average of $2,699 a year for cover (around £1,789 Of course if you are involved in accident in New Hampshire, you're at fault and you don't have any.
If you're wondering what the average credit score is, you're probably wondering how your credit score compares to others and what you can get approved for.
New and sporty cars always cost more to insure, and if you live in an at-risk neighborhood for theft or vandalism, you will most likely pay Your monthly car insurance payment may not reflect the average car insurance payment for the state because of all of the factors that apply to your personal policy.
Average home insurance cost by state. While many factors go into calculating your rate, where you live is chief among them. As you'll see in the homeowners insurance cost by state chart below, Florida is the most expensive state for home insurance, nearly $2,350 more than the national.
women enjoy lower car insurance premiums on average, typically paying £701 a.
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Figuring out how much car insurance costs on average is not as simple as stating a number and saying that it is the present average. High horsepower cars with fewer seats are generally more expensive to insure than larger, less powerful This first one is Louisiana, with an average of $2,699.
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To get average car insurance rates for 1,700 used car models from 2006 to 2016, enter your information in the tool below. You'll see how much you Value – Whether new or used, the value of the vehicle is a big deal to insurers for your collision and comprehensive costs, since they may need to.
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This follows a Supreme Court's order dated July 20 in which it made it clear that.
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The Latest News, Analysis and Discussion of the New York Football Giants
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Wednesday's New York Giants Injury Report and Media Interviews
Posted by Eric Kennedy
Saquon Barkley – © USA TODAY Sports
Follow @BigBlueInteract
NEW YORK GIANTS INJURY REPORT…
Not practicing on Wednesday due to injury were wide receiver Sterling Shepard (cyst on back), tight end Evan Engram (knee), nose tackle Damon Harrison (knee), and linebacker Connor Barwin (knee).
"Looks like we're going to get more guys out there practicing today, I don't know what that will mean for the game but we'll have more guys out there," said Head Coach Pat Shurmur before practice. "(Shepard) had a little thing taken off the base of his back that is just going to take him a day or so to get back from, otherwise he'll be fine…Just a little cyst. It's fine."
Wide receiver Cody Latimer (knee), linebacker Olivier Vernon (ankle), cornerback Eli Apple (groin), and cornerback Antonio Hamilton (groin) practiced on a limited basis.
GIANTS SIGN JYLAN WARE TO PRACTICE SQUAD…
The New York Giants have signed offensive tackle Jylan Ware to the team's Practice Squad, filling the vacancy created last week when wide receiver Jawill Davis was promoted to the 53-man roster. The 24-year old, 6'7", 317-pound Ware was originally drafted in the 7th round of the 2017 NFL Draft by the Oakland Raiders. The Raiders waived him before the 2018 regular season started. He has played in one regular-season game with no starts.
HEAD COACH PAT SHURMUR…
The transcript of Pat Shurmur's press conference on Wednesday is available in The Corner Forum while the video is available at Giants.com.
THE PLAYERS SPEAK…
Transcripts and video clips of the media sessions with the following players are available in The Corner Forum and at Giants.com:
QB Eli Manning (Video)
RB Saquon Barkley (Video)
RT Chad Wheeler (Video)
S Landon Collins (Video)
NY Giants' Eli Manning: I'm not passing up open downfield shots for checkdowns by Art Stapleton of The Bergen Record
WHAT'S UP NEXT…
The Giants practice on Thursday and Friday in preparation for Sunday's away game against the Carolina Panthers. The team's coordinators will address the press on Thursday.
Eric Kennedy is Editor-in-Chief of BigBlueInteractive.com, a publication of Big Blue Interactive, LLC. Follow @BigBlueInteract on Twitter.
News and Notes Tagged with: Chad Wheeler, Eli Manning, Jylan Ware, Landon Collins, Pat Shurmur, Saquon Barkley
Monday Media Session with Head Coach Pat Shurmur Giants Coordinators Address Media; Good News on Injury Front
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Yeh very nice. I also just purchased gyeon rim coat too so ill be claying my te37s and calipers and getting two coats done.
Be curious to see how it holds up on calipers (I've heard it goes good). TE37s are thankfully very easy to clean and coat. Doing the Advan RZs took forever, never again.
Been some time since I've posted here but in any case, things have more or less remained the same until about now. My floor mats were in a pretty sorry state. Unfortunately Nismo ones are now discontinued and I'm not particularly interested in getting Aus-spec mats which have 200SX on them and I didn't really like the pattern effect on the JDM version. After some researching, I came across these. While they were a little more costly compared to OEM, upon arrival it definitely seems worth the extra cost. They're made to order, high quality finish and a lot thicker and overall I'd say OEM++.
Prior to just swapping these in, I spent a good few hours going through the interior, scrubbing down panels with the pictured cleaner + pad and then buffing with a MF Towel. While it didn't look drastically different, I knew it was worth the effort because the amount of dirt I pulled out was crazy. Definitely good piece of mind knowing everything is nice and clean. Was hoping to do a wet vac clean of the interior mats and seats but I haven't been able to secure the appliance.
And here's the final look, I much prefer the simplicity of black and doesn't stick out like a sore thumb like the OEM ones do.
Coming soon is a much much improved front end which I've really been looking forward to !
Interior looks super tidy, nice !
Thanks mate, appreciate the feedback!
So the front end I was talking about. Scored this quite cheap a bit of a drive away. Not in the best of condition but it will be going to a body shop in any case to be painted. Along with this, I've purchase a replacement pair of headlight lenses. I have refurbished my current headlights a few times however the sealing is quite poor on the driver's side so it takes in water and there are a number of cracks in the lenses themselves. I think the replacement lenses are an excellent choice as it saves me having to purchase new headlights entirely. They're made by 326 Power/Behrman/Wisesquare. They're plastic like OEM items and look exactly the same in design. They also come with the top seal and butyl tape to secure them to the headlight housing.
OEM boost gauge has been dead and not functioning for a while. Basically stopped lighting up when lights were flicked on. And the gauge itself would only work for a few minutes before dying and sitting on zero for the rest of that drive. Decided to go with a 52mm Defi Racer Gauge. Which meant that although I have the control unit for my Advance Zd, I can run this separate and install this with just the sensor module. A 52mm also fits the factory boost gauge location on the A-pillar without any modifications. The racer gauge is also much much cheaper and has more or less the same functionality while looking just as good in my opinion.
Keep up the neat work Taiyku!
Car is coming along nicely and glad to see updates on some of the older threads I've been following.


Private day tour to Luxor and valley of kings from Cairo by flight. Private day trip to Luxor Karnak Temple, Luxor Temple, Valley of Kings, Hatshipsut Temple, and Colossi of Memnon from Cairo by plane.The tour also includes transfers, guide, entrance fees, and Lunch meal.
It is the largest temple complex ever built by man, and represents the combined achievement of many generations of ancient Egyptian builders. The Temple of Karnak is actually three main temples, smaller enclosed temples, and several outer temples located about three kilometers north of Luxor. Karnak is actually the sites modern name. Its ancient name was Ipet-isut, meaning "The Most sacred of Places". The three main temples of Mut, Montu and Amun are enclosed by enormous brick walls. The Open Air Museum is located to the north of the first courtyard, across from the Sacred Lake. Actually, there are a number of smaller temples and chapels spread about Karnak, such as the Temple of Osiris Hek-Djet, which is actually inside the enclosure wall of the Temple of Amun. Lunch meal will be served at five stars restaurant in Luxor or in a local restaurant as per your desire. Then cross to the Nile to the west bank.
Beginning with the 18th Dynasty and ending with the 20th, the kings abandoned the Memphis area and built their tombs in Thebes. Also abandoned were the pyramid style tombs. Most of the tombs were cut into the limestone following a similar pattern, three corridors, an antechamber and a sunken sarcophagus chamber. These catacombs were harder to rob and were more easily concealed. Construction usually lasted six years, beginning with the new reign. The texts in the tombs are from the Book of the Dead, the Book of the Gates and the Book of the Underworld.
The Temple of Hatshepsut is the best-preserved of the three complexes. Called by the people Djeser-djeseru, "sacred of sacreds", Hatshepsut's terraced and rock-cut temple is one of the most impressive monuments of the west bank.Situated directly against the rock face of Deir el-Bahri's great rock bay, the temple not only echoed the lines of the surrounding cliffs in its design, but it seems a natural extension of the rock faces.The temple was little more than a ruin when first excavated in 1891, but it has led to a great deal of successful reconstruction. The temple took 15 years to build and was modified throughout that time.
The twin statues depict Amenhotep III in a seated position, his hands resting on his knees and his gaze facing eastwards towards the river. Two shorter figures are carved into the front throne alongside his legs: these are his wife Tiy and mother Mutemwiya. The side panels depict the Nile God Hapy. Before leaving for Cairo you will stop for shopping opportunity at the Old Market in Luxor, where you may wish to pick up a few good quality souvenirs. Then you will be transferred to Luxor airport to fly back to Cairo with direct transfer to your hotel in Cairo. End of Luxor private day trip.
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Home Articles A Physicist's Faith
A Physicist's Faith
Victor F. Hess won the Nobel Prize in Physics in 1936 for discovering cosmic rays
Above: Photograph of part of the VERITAS array, a telescope completed in 2007 and designed to detect low-energy cosmic rays. Cosmic rays were discovered in 1912 by Victor F. Hess.
The following article was written in 1946 by Victor F. Hess, 1936 Nobel Prize winner in Physics. It was his contribution to the "My Faith" series of articles, which appeared in The American Weekly, a Sunday magazine supplement that was carried inside Hearst Corp. newspapers until 1966. This article was obtained from The San Antonio Light and is reprinted courtesy of Hearst Newspapers. The article was written at the beginning of the "Atomic Age," and shortly after the use of nuclear weapons had brought World War II to a close and shown both the power and dangers of science and technology. Hess won the Nobel Prize for his discovery of cosmic rays, which are subatomic particles of very high energy that impinge on the earth from outer space. This discovery inaugurated the fields of Cosmic Ray Physics and Astroparticle Physics, which have greatly increased our understanding both of fundamental particles and of astrophysical phenomena. For a short account of Hess's life and work see his biography on this website's "Important Catholic Scientists of the Past."
By V.F. Hess, Professor of Physics, Fordham University, Nobel Prize winner for Discovery of Cosmic Rays.
Can a good scientist believe in God?
I think the answer is: Yes.
In the first place, a scientist, more than other scholars, spends his time observing nature. It is his task to help to unravel the mysteries of nature. He comes to marvel at these mysteries. Hence, it is not hard for a scientist to admire the greatness of the creator of nature. From this it is only a step to adore God.
For me, it has always been fascinating to observe the phenomena of nature. Research done out of doors, in direct contact with the sea and land, the air and sky, has had a special attraction —above all, observation on high mountains or, still higher, in balloon ascents.
Ever since my old teacher, Franz Exner of Vienna, first aroused my interest in electrical phenomena of the atmosphere, I have engaged in the field of radioactivity. It was during balloon ascents in 1912, while measuring the electrical conductivity of the atmosphere, that I came to discover the cosmic rays.
Much of my early research was conducted in an observatory I set up on the top of a mountain of the Austrian Alps, 7,000 feet above sea level. It was wonderful to do useful work in such a spot. It was easy to feel oneself near to God.
In the second place, a scientist is easily led to believe in Divine Providence. More than others, he is forced to realize that mankind is passing through a terrible crisis, a grave transition period. The scientist is faced with the choice between despair and Faith.
All of us are horrified today — and justly so — by the mass destruction made possible by the discovery of the atomic bomb. Unlike the wartime uses, the peacetime uses of "uranium fission" are still far off. The horrors of mass murder seemed to be the direct result of scientific achievement. All that remains to be done for the utter destruction of civilization seems to be the invention of noiseless and practically invisible airplanes. Then we can destroy — or be destroyed — without the possibility of defense.
If we are not to despair, we must believe that the discoveries in the realm of atom science cannot be meant to give us merely the means of self-destruction. Surely there must be a Providence behind all this.
In the third place. I must confess that in all my years of research in physics and geophysics, I have never found one instance in which scientific discovery was in conflict with religious Faith. It is sometimes said that the "necessity" of the "laws" of nature is incompatible with men's free will and, still more, with miracles. This is not so. When scientists formulate the so-called "laws" of physics, they are fully aware, for example, that they can no more predict the actual life history of an atom of radium1 than they can predict the moral conduct of this or that person.
Many of our physical laws are in fact merely statistical statements. They hold for the average of a great number of cases. They have no meaning for an individual case. Modern scientists are fully aware of these limitations in their descriptions of physical processes.
Must a scientist doubt the reality of miracles? As a scientist. I answer emphatically: No. I can see no reason at all why Almighty God, Who created us and all things around us, should not suspend or change — if He finds it wise to do so — the natural, average course of events.
We scientists are simple observers of this natural, average course of events. We do our share in trying to find out the "laws" which govern this world of ours. In my span of life, discoveries in the field of physics have succeeded one another so rapidly that it is hard for the layman to keep up with them: X-rays, radioactivity, cosmic rays, artificial radioactivity, atom-smashing machines. The fission of uranium led to the most terrible and destructive of all weapons — the atom bomb.
Must we despair when we see that the final result of so many untiring efforts of such great scientists have led only to mass destruction?
No. It is true that, in the long history of scientific progress, many inventions have been used in warfare. Think, for instance, of the machines of war designed by the genius of Leonardo da Vinci. Nevertheless, all this progress has likewise served the peaceful purpose of mankind. Modern perfected clockwork has been used in time bombs. It has other uses as well. So of gasoline engines. They can be used not only in tanks and bombers. I'm sure that the urge of self-preservation will finally convince all nations that nothing can be gained by mass destruction of others.
This is not to say that scientists should turn from scientific discovery to the political problems of world peace. Many people believe that scientists might make better leaders of the nation than statesmen and diplomats. I do not share this view. In our day, scientific research can only be achieved by highly specialized workers. Such men have little time to become familiar with the problems of economics and politics, any more than they have with the problems of philosophy and theology. They may be morally better equipped than the average politician, but few of them are universal enough to be not only scientific but statesman or philosopher as well. In my opinion, a good scientist should not meddle in politics.
In regard to the deepest issues of mankind, scientists, like many others, are groping in the dark. Nevertheless, a good religious education, combined with scientific training, tends to give a scientist a better understanding both of nature and of human life.
Real Faith, for a scientist, as for anyone else, is often a matter of bitter struggle. The victory must be won — or the gift must be discovered — by each one in his own soul. It often takes the personal experience of grave danger of death to bring conviction and to prepare the way for Faith in Divine Providence. What is certain is that, when Faith comes, there follows a great serenity of soul and a deep peace in the human heart.
1… Here and in the next paragraph Hess is referring to "quantum indeterminacy." According to the principles of quantum mechanics the laws of physics are probabilistic. For example, the laws of physics do not determine when a radioactive nucleus, such as that of a radium atom, will disintegrate, but only give probabilities for its doing so.
"Nothing but…" Reductionism is Not Good Science: Why I as a neuroscientist reject reductionism.
A neuroscientist explains why he rejects the radical reductionism that claims to explain away the mind as "nothing but" the motion of ...
A Brief History of Catholic Evolutionism
Prof. Kemp gives an overview of the history of Catholic evolutionist thinking and the Church's reception of it.
A republication of a 1946 article by Physics Nobel Prize winner Victor F. Hess, in which he discusses his Catholic faith.


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The 27th Annual Jazz Loft Party, presented by the Jazz Foundation of America, will take place at Hudson Studios, 601 West 26th St. in New York City, on Saturday, Oct. 13 at 7:00 p.m. Titled "A Night for the Soul," the event will "honor the legendary Roberta Flack and pay tribute to blues and jazz giants," and also welcome "legendary musicians of Puerto Rico," according to an announcement.
Flack is among the guests who will appear at the event, along with Valerie Simpson, the Joe Lovano Quartet, the Randy Brecker Quintet, Eddie Palmieri, and many others.
The host will be actor Danny Glover and the musical director Steve Jordan.
Read Evan Haga's JazzTimes report on the Jazz Foundation of America's 2018 gala benefit concert at the Apollo Theater.


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2019 JAMB Literature Past Questions & Answers Online Practice
JAMB Past Questions
1 year ago 12 months ago
Attempt to answer this JAMB Literature 2019 Past Questions & Answers Online Practice if you're planning on writing the UTME 2022.
by Nwabueze Matthew 1 year ago 12 months ago
Attempt to answer this JAMB Literature 2019 Past Questions & Answers Online Practice if you're planning on writing the 2022 UTME.
1 When a writer deviates from the chronological arrangement of events in a literary piece, he uses _______________
Anadiplosis
Anachrony
Chrestomathy
2 The literary term for conflict in literature is_________
Anaphora
3 _______ is used to describe the situation where a character recognize his mistake
4 "Nightfall! Nightfall!! You are my mortal enemy". The dominant figure of speech above is a/an________
Allusion
5 ________is used to describe the 'god of inspiration' in literature
Deux Ex Machina
6 ________ is used to describe the predetermination of a future event in a literary piece
Analepsis
Prolepsis
Fatalism
7 The theme that runs through Hallowell's Dining Table is that of________
8 Which one of the following does not relate to the tone in Diop's Vanity?
9 Use the extract below to answer questions 9 - 13
Line 1: My heart leaps up when I behold
Line 2: A rainbow in the sky
Line 3: so was it when my life began
Line 4: so is it now
Line 5: so is it when I have grown
Line 6: the child is the father of the man.
The mood of the writer is that of _____?
10 The rhyme scheme of the poem is_________
acbcca
abccdc
abcacc
abacbc
11 The object of the extract is ___________?
childishness
the unchanging cycle of nature
the adverse effect of old age
12 The literary device used in line 1 is ________
Simile
Alliteration
Litotes
13 The literary device used in line 6 is an example of______
Synecdoche
Hyperbole
14 The atmosphere of a poem has to do with_________
Rhythm and Rhyme
Tone and Mood
Versification and Lineation
15 An overused expression is a/an _________
Cacophony
Epigram
16 What basically distinguishes literature from other disciplines is its________
use of creative imagination
exposition of human experiences
communication of ideas
portrayal of places
17 In drama, comic reliefs often occur in_______
historical plays
romantic plays
18 'A trouble shared is a trouble halved' illustrates the use of______
19 The art of using persuasive words in literary works is known as_______
Paronomasia
20 A poem is said to be good if it________
has elevated style
has rhyme and reason
is difficult to understand
has a regular rhythm
21 A struggle between opposing forces in a story/play is________
22 The second stanza of Awonoor's Anvil and the Hammer ________
deals with the conflict between African traditions and westernisation
deals with the disregard for African tradition
offers solution to the conflict between African traditions and westernisation
advocates for a radical change in the perception of Africans about their culture
23 The dominant mood in Tennyson's Crossing the Bar is that of___________
24 Lago's hatred for Othello is deep rooted because__________
he accused Othello of stealing
he loves Desdemona who is married to Othello
Othello is a better warrior that he is
Othello didn't make him the Lieutenant
25 The narrative technique adopted in Bayo Adebowale's Lonely Days is that of_________
a second person narrator
a first person narrator
an omniscient narrator
26 The specie of conflict exemplified in the Native Son is that of_______
man against society
man against nature
man against culture
man against man
27 Amma Darko's Faceless may be best described as a___________
28 "You can call me a rebel, but I need a job. That's what matters to me." The repercussion of this statement by Aloho is a pointer to the theme ____
of corrpution
that patience is a virtue
Of Retributive Justice
of unemployment
29 A short poem that expresses an idea in a clever way is called _____
An Epigram
A Limerick
An Ode
A Lyric
30 Adeoti's Ambush may be best described as____________
Prosaic
Analogical
Metaphorical
31 The most dominant poetic device used in Okara's 'Panio and Drums' is_______
Pathetic Fallacy
32 In Lenrie's 'The Panic of Growing Older', another significant theme therein is on the___________
fear of natural disasters
uncertainties of life
futility of war
essence of mankind and nature
33 The withdrawal of rest from man according to George Herbert in 'The Pulley' is particularly because_____
man by nature has the tendencies to be lazy
of the need for human survival
God wants man to feel less of himself
of the space for God's worship
34 Blake's 'The School Boy' advocates for____________
a fine balancing between work and pleasure for a child's development
the liberty of the child to explore nature and life without restraints
the promotion of the culture of excellence in a child's academic endavour
a proper disciplinary culture for the training of a child
35 A significant literary device employed by Morris in 'The Proud King' is that of________
36 Aloho begins her harvest of corruption when____________
she found out the truth about Chief Ade Amaka
she discovered she was 3 months pregnant and abortion was impossible
her best friend warned her about the deceitfulness of Chief Ade Amaka
she eventually died after giving birth to a baby girl
37 The metaphorical significance of Frank Ogodo's 'Harvest of Corruption' is seen in the theme of_____________
betrayal of public trust
38 The voice of reason in the 'Harvest of Corruption' is exemplified in the character of___________
Ochuole
Ogeyi
Madam Hoha
Aloho
39 The characterisation of Othello maybe pointed out in that__________
he remains at a distance from much of the action that concerns and affects him at the beginning
he refuses to appoint Lago as the Lieutenant
although he is a cultural outsider in Venice, his military skills are valuable to the State
Lago sees him as an enemy
40 The setting of Shakespeare's Othello is____________
41 Bayo Adebowale portrayed Yaremi as resilient, self reliant and strong willed particularly to__________
rebuke African superstitious beliefs
represent the image of African traditionalism
condemn male chauvinism
demonstrate the plight of widowhood
42 'They are as fearsome as they are fearless' is an example of______
43 In Herbert's "The Pulley", God's supremacy is exemplified through______
His withholding of the gift of rest
the insatiable nature of man's needs
His unending love for mankind
His blessings of man with many gifts
44 The dominant figure of speech in the below passage is
'The fair breeze blew
The white foam flew
The furrow followed free
We were the first that ever burst
Into that silent sea.'
rhyme scheme
45 Awonoor's 'The Anvil and the Hammer' is best described as a/an___________
blank verse
apologue
46 Read the poem below and answer questions 46 - 50
At dawn must I rise to till the rock
That our land has turned into
The land where on we'd gleefully harvested paddy
Planted and nurtured and tended on plots marshy
Our woes are bloody woes of accursed revenges
Of the land spirits aggrieved by paltry human respect
For the life of fellow man by his fellow
Kindred blood has counted for less than no value
Brother's wife has been wife to other brother's brother
Communal loot has emptied our country silos
The earth has stopped breathing and sighed
Soldered tears has the moon shed
The earth was scorched at noon-day night
And our land has turned to hoeing rock.
The theme of the poem is__________
drought and heat
abomination and retribution
sickness and death
famine and disease
47 The mood of the poet is one of________
48 'The earth has stopped breathing and sighed' illustrates__________
bathos
49 The run-on lines convey the speaker's_______
50 There is a predominance of words associated with________
51 Which one of the following is most influential to the substance of Hallowell's "The Dinning Table"?
the structure of the poem
the atmosphere of the poem
the poetic style
the setting of the poem
52 The figurative name for the manner in which Nightfall is directly addressed in the quote below is______
'Nightfall! Nightfall!
You are my mortal enemy'
53 The mood of Diop's 'Vanity' is__________
expressed through rhetorical questions
expressed through the use of innuendos
54 ____________ is the illustration which serves to persuasively sustain the interest of the readers in a literary piece
narrative hook
55 In literary criticism, a casual reference to a figure or an event is regarded as a/an_______
56 A transferred epithet is popularly known as a/an ___________
Epistrophe
Hypallage
Hendiady
57 A dramatic type directed against an individual or a private institute with the intent to severely ridicule is called_________
58 A novel written in form of a letter is said to be _______
59 Adeoti's "Ambush" ends on a note of ___________
bright aspirations
60 Use excerpt below to answer questions 60 - 62
"Now, by yond marble
heaven,
In the due reverence of a sacred vow
I here enrage my words." (Shakespeare's Othello)
What incident ignited the excerpt above?
the taking of a vow of revenge
Othello's rage about Desdemona's betrayal
Lago's conspiracy with Brabantio to kill Othello
Desdemona and Emilia's discussion on the lost handkerchief
61 The prevailing activity in the extract is _____________
the vow of revenge and pledge of loyalty by Lago to Othello
evident of the conspiracy between Lago and Othello
the vow by Lago to revenge upon Othello
reflective of Othello's rage
62 Consequent upon the act in the excerpt, _________________
Desdemona reconfessed her love for Othello
Othello became Lago's sworn enemy
Lago successfully executed Othello
Othello changed from being the hero to a villain
63 The bar in Tennyson's "Crossing the Bar" is a symbol for the___________
presence of God's and his guiding force
boundary between life and death
64 A story which explains a natural phenomenon is_______
65 ____________ may be said to be a critical subject of concern in Blake's "School Boy"
adventurism
futility of life and time
moral rectitude
66 Amma Darko's "Faceless" ended with ________
an inclination of tragi-comedy
an epilogue narrating how Baby T's spirit revenged her death
an epilogue narrating how Fofo started her early childhood
an inclination of indecisiveness
67 Richard Wright's " Native Son" may be described to a/an _______
picaresque
68 "The sudden throb of pain" in Lenrie's 'The Panic of Growing Old' signifies the_________
negative impacts of aging
difficulties of life
youthful age
69 A character whose action or qualities serve to heighten those of the hero through contrast is__________
an antagonist
a foil
an adversary
a protagonist
70 A poem of 14 lines is known as__________
sestet
71 Okara's reminiscence in the "Piano and Drums" as to how he walks to the farm with no shoes, marching thorns and dangerous leafs, and still finds this enjoyable creates a feeling of___________
neglect of African culture for civilized styles
clash of culture
72 Analogy is the arrangement of two ideas that are_________
73 A didactic poem, especially such with animals as characters may be distinctively described as a/an_________
gothic poem
74 One of the following is not significant to Morris' "The Proud King"
didacticism
75 'The dun dun of a drum' is an example of an__________
euphemism
assonance
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Decorative mirror: Look at the mirror in your bench that turns into a picnic table. You will find a lot of artwork for your toilet you can do using the mirror. The simplest idea is to decorate the mirror with crystal beads. Just apply some wood glue and sticks that the crystal beads to the mirror frame or to create certain pattern at the corner of this mirror.
Installing bench that turns into a picnic table wall storage cabinets will be simpler if it is carried out by two individuals. It doesn't need many tools and major construction involvement. Some measures below can help you installing the wall storage on your own. Ensure that you know the specific measurement of the room before purchasing storage, especially over the toilet cabinet. Take your measuring tape to be aware of the width of the wall as well as the length in the top of tank to ceiling.
There are some factors that could be had if you select many bench that turns into a picnic table stools and chairs from the store before purchasing one. Stability: the chairs and stools on the tub ought to have a model that's secure and stable.


text:
Muslims flee mobs in Central African Republic
The violence is in reaction to abuses carried out by Muslim Seleka rebels during their 10-month rule of the country.
By Krista LarsonThe Associated Press
DAKAR, Senegal — The mob violence wracking the Central African Republic imperils the future of the country's Muslims, with tens of thousands fleeing the daily violence and untold numbers killed.
Bangui, the capital, is engulfed in an orgy of bloodshed and looting despite the presence of thousands of French and African peacekeepers.
"We are in a moment where immediate action is needed to stop the killings," Peter Bouckaert of Human Rights Watch said, calling for a full-fledged U.N. peacekeeping mission. "Otherwise the future of the Muslim community of this country will be gone."
Muslims make up about 15 percent of Central African Republic's 4.6 million people. More than 800,000 people have fled their homes – about half of those from the capital, according to the United Nations.
"There are some who don't want Muslims in this country," Prime Minister Andre Nzapayeke said on local radio Saturday. "But when the Muslims have left the country, what happens next? The Protestants will throw out the Catholics, and then the Baptists against the Evangelists, and finally the animists? It is time we regain control and stop ourselves from plunging into an abyss."
Thousands of Muslims left Bangui in a massive convoy Friday that was jeered by crowds of Christians. One Muslim who fell off a truck was quickly killed by the mob. Muslim women who could not get on the trucks tried to hand their children to strangers aboard the vehicles. Whole neighborhoods are abandoned and Muslims who cannot leave are hiding inside mosques that have not already been set ablaze or destroyed by angry crowds.
Entire Muslim communities also have left towns in the rural northwest, sometimes only to come under attack from Christian militiamen and die while trying to get out of the anarchic country.
Across a wide stretch of northwest Central African Republic, Christian militiamen known as the anti-Balaka (or anti-machete) have driven tens of thousands of Muslims out of the area. Many are seeking refuge in Chad or Cameroon, as there are few corners of Central African Republic where Muslims are an outright majority.
The violence against the Muslims is in reaction to abuses perpetrated by the Muslim Seleka rebels during their 10-month rule that began last March. Seleke fighters tied their victims together and threw them off bridges to drown or be eaten by crocodiles, according to witnesses. Now that Seleka's leader Michel Djotodia stepped down from the presidency last month and a precarious civilian interim government is in charge, it is the country's Muslim minority that is now under assault.
No one knows the true death toll from two months of the worst inter-communal violence in this country's history: It is often too dangerous for crews to recover the corpses. More than 1,000 were killed during several days of fighting in early December, when a Christian militia tried to overthrow the Muslim rebel government then in power.
A preliminary investigation into potential war crimes or crimes against humanity has been opened, Fatou Bensouda, the prosecutor of the International Criminal Court said Friday.
Babacar Gaye, the U.N.'s special representative to Central African Republic, has called for the murderers to be held accountable.