Mccaw Cellular Communications the atT/Mccaw Merger...

SGMT 6050 – Case Write- ­Ã¢â‚¬ Up McCaw Cellular Communications: The ATT/McCaw Merger Negotiation Armin Ezatagha Student Number ⠏ Ã¯ £ ¦ 205 576 707 eMail ⠏ Ã¯ £ ¦ aezatagha12@schulich.yorku.ca Schulich School of Business Tuesday, March 05, 2013 Current Telecommunications Ecosystem McCaw Cellular Communications (MCC), although positioned†¦show more content†¦Precedent Transaction Analysis When comparing the potential MCC acquisition to precedent transactions of similar firms by size and by transaction date, we found a valuation of approximately $11.5 Billion (Appendix 2). The precedent transaction analysis can tell us how to deal with a negotiation based on historical transactions already completed. However, it is important that we understand the limitations of this method as every situation in which a merger or acquisition deal is made; there are multiple dependant variables at play with different strengths of correlation. As for this case, we decided to address the companies that were 2 most similar in size to MCC and that were most recent since the industry is rapidly evolving, and therefore, valuations are also rapidly changing. Discounted Cash Flow Analysis Finally,Show MoreRelatedMccaw Cellular Communications: the atT/Mccaw Merger Negotiation2593 Words   |  11 PagesATT and McCaw merger negotiation, provides us with an opportunity to negotiate the terms of the merger between McCaw cellular and ATT. McCaw was the largest competitor in the rapidly growing cellular telephone communications industry. ATT was the dominant competitor in long-distance telephone communications in the United States, and one of the largest corporations. Prior to the negotiations, it had no position in cellular communications. Brief Insight: McCaw Cellular Communications McCaw CellularRead MoreATT/McCaw Merger Negotiation.1250 Words   |  5 Pages1. What do you believe McCaw is worth? Prepare a careful DCF using the financial forecast of FCFs given in the case and in the associated spreadsheet. What key assumptions determine the range of high and low values in your valuation analysis? Also draw on any other valuation approaches and information that you can. For the sake of consistency, all groups should use a (low, Darden) risk premium of 5.5%. We performed a DCF Analysis for two scenarios: 1) assuming the purchase of the residual equityRead MoreAtTs Acquisition of Mccaw2285 Words   |  10 PagesIntroduction: McCaw Cellular Communications is a cellular telephone  pioneer in the  United States is faced with a challenging decision regarding the future of the firm. The direction of the company will depend on whether CEOs of McCaw Cellular Communication and ATT agree on an appropriate price of the company. In order to capture the value of McCaw Cellular Communications, three financial valuation models were developed while taking into account the trends in the industry and potential synergiesRead MoreNegotiations between AT and T and McCaw1962 Words   |  8 PagesMERGER BETWEEN ATT AND McCAW By: Shilpa Keswani Lakhani Kashif Khan Satyameet Singh Ahuja Moin Akhtar Madhur Chaudhary With multiple valuation numbers being arrived at ranging from 5.4 billion dollars to 173 billion, we believe that the most appropriate value for the organization is 12 billion dollars. It has been arrived at, by maintaining the industry standard of pricing a potentialRead MoreProject Managment Case Studies214937 Words   |  860 Pagesinstructor) An International Project Manager s Day (D) (see handout provided by instructor) Ellen Moore (A): Living and Working in Korea 177 Ji nan Broadcasting Corporation 196 4 PROJECT MANAGEMENT ORGANIZATIONAL STRUCTURES 205 Quasar Communications, Inc. 207 Jones and Shephard Accountants, Inc. 212 Fargo Foods 216 Government Project Management 220 Falls Engineering 222 White Manufacturing 227 Martig Construction Company 229 Mohawk National Bank 231 5 NEGOTIATING FOR RESOURCES 235 Read MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesImplementing a Student Management System at Jefferson County School System CASE STUDY IV-1 The Clarion School for Boys, Inc.– Milwaukee Division: Making Information Systems Investments CASE STUDY IV-2 FastTrack IT Integration for the Sallie Mae Merger CASE STUDY IV-3 IT Infrastructure Outsourcing at Schaeffer (A): The Outsourcing Decision CASE STUDY IV-4 IT Infrastructure Outsourcing at Schaeffer (B): Managing the Contract CASE STUDY IV-5 Systems Support for a New Baxter ManufacturingRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 Pagesfinances them and on its dividend policy. Understanding this relationship is key to making value-increasing decisions and to sensible financial restructuring. Conclusion Valuation plays a key role in many areas of finance -- in corporate finance, mergers and acquisitions and portfolio management. The models presented in this book will provide a range of tools that analysts in each of these areas will find useful, but the cautionary note sounded in this chapter bears repeating. Valuation is not anRead MoreContemporary Issues in Management Accounting211377 Words   |  846 Pagesinvestments. He is the author of more than eighty-five articles, published in such journals as The Accounting Review; Journal of Computer Security; Journal of Financial and Quantitative Analysis; ACM Transactions on Information and System Security; Communications of the ACM; Accounting Organizations and Society; Journal of Accounting and Public Policy; Journal of Business Finance and Accounting; Computer Security Journal; Managerial and Decision Economics; and Management Accounting Research. Dr. Gordon

Greaves Brewery Case Analysis - 1462 Words

Greaves Brewery: Bottle Replenishment Case Analysis Case Synopsis The following is an analysis of the case, Greaves Brewery: Bottle Replenishment. It details the growing beer operation of Greaves Brewery located in the Caribbean island of Trinidad. The purchasing manager for the company, Alex Benson, is uncertain about how many bottles to order from the company’s German glass supplier. His decision is complicated by the possibility of a new bottle design being introduced that would compromise his existing inventory of bottles. Additionally, he is faced with storage limitations and erratic sales, all of which are impacting his decision. He is also concerned about over ordering to avoid issues from an off year, impact from†¦show more content†¦Purchasing manager, Benson had difficulty in determining how many bottles he needed to order to support sales. He was concerned about over ordering to avoid issues with overstocking bottles that would not be used and incur a cost or become a loss when all of the bottles were changed with the new design. The challenge for him was to determine an accurate forecast for Greave’s 2004 sales. When a company plans its ordering or production schedule for a product it sells to the public, it must forecast the customer demand for this product so that it can stock appropriate quantities – neither too much nor too little (Albright, Winston amp; Zappe, 2010). Data Analysis to Support Decision According to the case, prior to the implementation of the Trinidadian’s government excise taxes, Greaves Brewery was showing signs of growth (Erskine, Leenders amp; Piper, 2004). To show growth trends, a Time Series graph was run from 1999 to 2004. However, the purpose of the case is to determine the quantity of bottles that Greaves needs to purchase based on a sales forecast for 2004. Greaves provided five years and two months of annual sales data. Using Stat Tools, the following analysis were run: Moving Average, Exponential Smoothing Simple, Exponential Smoothing Holt’s, and Exponential Smoothing Winter’s. Following a comparison on the average on all models, the Exponential Smoothing Winter’s was found to be the most suitable model for the case. A graphShow MoreRelatedGreaves Brewery Case Analysis1441 Words   |  6 PagesGreaves Brewery Case Analysis Greaves Brewery: Bottle Replenishment Case Analysis Case Synopsis The following is an analysis of the case, Greaves Brewery: Bottle Replenishment. It details the growing beer operation of Greaves Brewery located in the Caribbean island of Trinidad. The purchasing manager for the company, Alex Benson, is uncertain about how many bottles to order from the company’s German glass supplier. His decision is complicated by the possibility of a new bottle design beingRead MoreGreaves Brewery1117 Words   |  5 PagesExecutive Summary Greaves Brewery is a growing beer operation based out of Trinidad. The purchasing manager for the brewery finds himself struggling in finding a balance between ordering enough bottles to support sales; yet minimizing over ordering to avoid issues associated with growth decelerating trend from an off year, continued impact from government excise tax, tourism, and growth of exports particularly the USA. In addition to previously mentioned concerns ordering the right number

Manipulation In Antony And Cleopatra Essay Example For Students

Manipulation In Antony And Cleopatra Essay A monologue from the play by William ShakespeareANTONY: All is lost!This foul Egyptian hath betrayed me:My fleet hath yielded to the foe, and yonderThey cast their caps up and carouse togetherLike friends long lost. Triple-turned whore! tis thouHas sold me to this novice, and my heartMakes only wars on thee. Bid them all fly;For when I am revenged upon my charm,I have done all. Bid them all fly, begone.O sun, thy uprise shall I see no more.Fortune and Antony part here, even hereDo we shake hands. All come to this? The heartsThat spanieled me at heels, to whom I gaveTheir wishes, do discandy, melt their sweetsOn blossoming Caesar; and this pine is barked,That overtopped them all. Betrayed I am.O this false soul of Egypt! this grave charm,Whose eye becked forth my wars, and called them home,Whose bosom was my crownet, my chief end,Like a right gypsy hath at fast and looseBeguiled me to the very heart of loss.What, Eros, Eros! [Enter Cleopatra. ] Ah, thou spell! Avaunt!Vanish, or I shall give thee thy deservingAnd blemish Caesars triumph. Let him take theeAnd hoist thee up to the shouting plebeians;Follow his chariot, like the greatest spotOf all thy sex. Most monster-like be shownFor poorst diminitives, for dolts, and letPatient Octavia plough thy visage upWith her prepared nails. [Exit Cleopatra. ] Tis well th art gone,If it be well to live; but better twereThou fellst into my fury, for one deathMight have prevented many. Eros, ho!The shirt of Nessus is upon me; teach me,Alcides, thou mine ancestor, thy rage.Let me lodge Lichas on the horns o th moonAnd with those hands that grasped the heaviest clubSubdue my worthiest self. The witch shall die. To the young Roman boy she hath sold me, and I fallUnder his plot: she dies for t. Eros, ho!

St. Anselm Essays - Religion, Philosophy Of Religion,

St. Anselm ?Now we believe that You are something that which nothing greater can be thought. Or can it be that nothing of such a nature does not exist, since ?the Fool has said in his heart, there is no God' (II).? * Saint Anselm's point in his argument for the existence of God is clear cut and simple to understand. He clearly sets forth the idea that if God is so great, than no greater being can be thought of or conceived. For one who already believes in God, this argument is meaningful and easy to accept, yet for the non-believer difficulties in acceptance can be overcome by St. Anselm's philosophical statements set forth in the Proslogion. Saint Anselm brings to light the belief that we are all created in God's image, yet we are so marked by sin that even though we are his image, we can never be as great as him. In relation to this St. Anselm points out that he does not even attempt to attain the greatness of God, and that humans can attain fulfillment through believing and understanding God's greatness. This leads to the ontological argument where St. Anselm professes what he believes and understands. He proves this to the non-believer in his references to ?than-which-nothing-greater-can-be-thought? statements and how even a fool can mentally conceive even though he does not understand; yet the impossibility of ?than-which-nothing-greater-cannot-be-thought? is reason for God's real existence. Additionally, St. Anselm provides ?if that-than-which-a-greater-cannot-be-thought can be thought not to exist, that-than-which-a-greater-cannot-be-thought is not the same as that-than-which-a-greater-cannot-be-thought, which is a bsurd (III).? Furthermore, St. Anselm returns to that-than-which-nothing-greater-can-be-thought in Chapter XV. Here St. Anselm reminds us that understanding this statement alone does not necessarily mean that we have total knowledge of God. Instead it means that God is greater than any idea we have about him; this does not mean that the argument is false, only that it is always possible to comprehend something greater than we already can comprehend. Problems may arise with St. Anselm's giving positive attributes of God: simply that whenever you have a concrete example of a positive attribute it is all the easier to come up with the negative attribute. Saint Anselm describes God as both merciful and impassible in Chapter VIII, but that sets the stage for critics to call God merciless, savage, and changing. To me calling God savage would be a very difficult thing to do, yet for a non-believer this may be an easy thing to do and evidence. Another example can be found in Chapter XIII where God is referred to as limitless or eternal. This can lead to statements of God being limited or ephemeral. St. Anselm attempts to address this concern with references to things in one place and the inability of those things to be anywhere else at the same time ? the actuality of those things. How only the metaphysical God can exist everywhere without limits or boundaries. Saint Anselm's God is the greatest thing imaginable. The concept of understanding God's greatness can only be pondered on because total understanding leaves nothing greater for our understanding. The reality remains that the greatest thing you can imagine or think of is God in all his glory and greatness. Philosophy

3 Types of Problems with Complex Phrasal Adjectives

3 Types of Problems with Complex Phrasal Adjectives 3 Types of Problems with Complex Phrasal Adjectives 3 Types of Problems with Complex Phrasal Adjectives By Mark Nichol In each of the following sentences, an error pertaining to hyphenation results in a faulty phrasal adjective. Discussion and revision explain and demonstrate how to solve the problem. 1. The company appeared to violate federal law by offering high-interest rate loans in states where such loans are prohibited. This sentence describes rate loans of a high-interest nature, but that’s not the intent of the statement. The phrase â€Å"high interest rate† serves as a phrasal adjective describing the type of loans in question, so those three words should be hyphenated together: â€Å"The company appeared to violate federal law by offering high-interest-rate loans in states where such loans are prohibited.† Alternatively, the sentence can be relaxed: â€Å"The company appeared to violate federal law by offering loans at high interest rates in states where such loans are prohibited.† (Note that no hyphenation occurs in â€Å"high interest rates† because here, high and interest do not modify rates; rather, high modifies â€Å"interest rates.† 2. A robust â€Å"think outside the box† process is needed to establish and sustain this vital dialogue between management and the board. The writer has enclosed â€Å"think outside the box† in scare quotes, apparently on the assumption that the phrase is an obscure idiom that needs to be emphasized as such, but it is familiar to the point of clichà © and therefore doesn’t merit any special treatment. But in this sentence, it is a phrasal adjective, so the four words should be linked with hyphens: â€Å"A robust think-outside-the-box process is needed to establish and sustain this vital dialogue between management and the board.† (If scare quotes were merited, the marks would serve to visually unify the phrasal adjective, so hyphenation would be redundant.) 3. Production environment access management controls can often be improved by providing user access based on role and title. It is technically correct to hyphenate the noun-cum-adjective stack that begins this sentence, but such a laboriously extended phrasal adjective is clumsy. Simplify such a construction by altering the syntax with insertion of prepositions, as in the first example above: â€Å"Controls for access management in the production environment can often be improved by providing user access based on role and title.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:Cost-Effective vs. Cost-EfficientBody Parts as Tools of MeasurementMay Have vs. Might Have

Death Penalty Essay

Death Penalty Essay Death Penalty Essay Stephanny Viana ENG 111-C2 Death Penalty 7/4/11 The death penalty has been a very controversial topic for quite some time. Many oppose it; however, many are for it. There have always been problems with the death penalty system, and are becoming more evident. â€Å"California was spending about $100 million a year on death penalty cases as of 2008 in state post-trial costs alone.† (Jost 2010 Pg.8) Also, many capital defendants are still receiving inadequate representation at trial and that many or even most death row inmates have little if any legal help in challenging their convictions or sentences afterward. (Jost 2010 pg.9) Capital punishment is cruel and unusual punishment and it is unconstitutional. Opponents of the death penalty say prosecutors may be seeking the death penalty less often because of the costs of a capital trial, sentencing and post-conviction proceedings. Not only are the prosecutors worried but the Jurors are too. The process of an actual death penalty is unreasonably expensive and adds $51 million an nually. (Jost 2010 pg.9) Many also worry about executing an innocent person. (Jost 2010 pg.1) Housing inmates on death row also costs $90,000 more per inmate per year than imprisonment in a maximum security facility. (Jost 2010 pg.9) In a study published in fall 2009, North Carolina alone could save nearly $11 million a year by abolishing capital punishment. (Jost 2010 pg.15) If all states would consider abolishing this inhumane punishment, the United States could save billions and invest in better safety, hire more police officers, and possibly remove these criminals off the streets. Programs that clearly benefit safety of society are being cut because of the budget crisis, but death penalty expenditures continue to rise. It is said to be one of the most expensive state programs, and it produces no measurable gain in public safety. The average police budget had to be cut, states are letting prisoners go early, curtailing ambulance services and closing schools. Cities like New York and Washington have been enormously successful in cutting murder rates without death penalty through programs like community policing and new technologies that focus on high-crime areas. They can execute perhaps one person per year at a cost of $10 million, or use the same money to hire 200 police officers. Over 99 percent of murders do not result in an execution. Those cases that do end in a death sentence are often overturned and frequently end in a life sentence. (Jost 2010 pg.22) These delays that create these preposterous costs are affected by the delays that lead to an actual execution. The Death Penalty Information Center claims that 119 people have been â€Å"released from death rows with evidence of their innocence† since 1973. The center calls these releases â€Å"exonerations† and counts 36 such cases just since 2000. (Jost 2005 pg.2) The reason for this revelation is due to the fact that innocent people were convicted and sentenced to death and in some cases came close to being executed. Many have thought of reducing the costs by removing moratoriums on the executions, however, investigations by Northwestern University journalism students and Chicago Tribune reporters were convinced that the state’s system from sending people to death row was â€Å"fraught with error.†(Jost 2005 pg.8) The Supreme Court became somewhat more receptive to death row inmates’ pleas by setting aside death sentences for mentally retarded, juvenile offenders, and in some individual cases because of racial discrimination, trials errors or inadequate legal representation. (Jost 2005 pg.13) The many errors made in court and the lack of moratoriums in certain cases helped improve today’s system. (Liebman pg.13) For example, In a Pennsylvania case, the court somewhat strengthened the requirement that defense lawyers investigate defendants’ background for evidence that could possibly prove their innocence. Also, In a Missouri case, the court ruled that the

Kodak and Fujifilm Essay Example | Topics and Well Written Essays - 1500 words - 1

Kodak and Fujifilm - Essay Example The founder of Kodak, George Eastman, an American, was dedicatedly fascinated on still photography and cameras. He patented photographic film to be stored in a roll in 1884 and after four years he had developed the first camera in the world of his invention and started operating in London. Subsequently, gradually the company became the global leader and started to dominate in the global market which has transcended beyond a century. In 1975, firstly, the company brought in significant change in the world of photography inventing digital camera. However, after 1984 in the photographic industry Kodak noticed profound changes in relation to the behavior of customers but still it remained indifferent about the changes in technologies and marketing strategies. As a result, in the 21st Century, it had to stop to manufacturing of a number of products one by one for being unable to sustain and owing to a lack of demand of the products. Finally, in the year 2012, the company filed for bankrup tcy (Beaudette & Palank, 2013). Fujifilm, a Japan based company was established in 1934 and within a decade it spread its landmark in the global market with the incorporation of effective strategies and continuous modernization of technology. In 1980, in keeping with customer requirements and to ensure its sustainability in the global market, the company made a switch from the film to digital market. As a result, it was able leverage huge amount of money from the film business and gradually reached the pinnacle of success in the photographic segment (Fujifilm Europe, n.d.). Core Business of Kodak and Fujifilm Kodak is a well known organization in the photographic film products, equipments, materials, digital imaging and services. Another principal business of Kodak is Kodak international-financial & banking business (Francis & Nias, 2012). The primarily business activities of Fujifilm entail to be involved in the development, production, sales and services of the color photographic film, digital cameras, color paper, photofinishing chemicals, graphic arts materials and equipments, medical imaging equipments, optical devices, photocopiers and printers. By the availability of these varied products, segmentation and innovation, it has captured a big global market after 1990s and has become a market leader in the photographic world in recent times (Fujifilm Europe, n.d.). Compare And Contrast About The Approach Of Management Of Both The Companies To Embrace Innovation And Management Differences That Have Impacted The Relative Success Of Kodak And Fujifilm In the global market perspective, the key dimensions of ‘change’ and ‘innovation’ are the key determinants of success to sustain in the competitive business world. These two factors are the main reasons for the downfall of Kodak and pinnacle of success for Fujifilm in the photographic market. Though Kodak entered in the market of Japan in 1905 but the management of the organization did n ot take the market seriously for strengthening the distribution system, marketing strategies, segmentation, and for making customers needs and demands assessment. After a long period in 1977, it started to focus to strengthen the marketing chain, distribution system and advertising. As a result, it became one of the best photographic product producers of the year in Japan by