![]() IT IS A VIOLATION PUNISHABLE UNDER LAW FOR ANY PERSON UNDER THE AGE OF TWENTY-ONE TO PRESENT ANY WRITTEN EVIDENCE OF AGE WHICH IS FALSE, FRAUDULENT OR NOT ACTUALLY HIS/HER OWN FOR THE PURPOSE OF ATTEMPTING TO PURCHASE ANY ALCOHOLIC BEVERAGE.
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![]() The 55-acre park is home to 900 species, and with every ticket sold, visitors are able to help support more than 40 wildlife conservation projects around the world. The Houston Zoo sees a whopping two million annual visitors, and there's a good reason for that. ![]() On the conservation side of things, the zoo established two institutes to further its work: the WildCare Institute, which aids initiatives that protect animals from disease, poaching, and shrinking habitats, and the Institute for Conservation Medicine, which researches the impact infectious diseases have on the long-term survival of species and the health of animals, humans, and ecosystems. In addition to housing nearly 500 animal species, the Saint Louis Zoo is recognized worldwide for its innovative approach to animal care and wildlife conservation. See Also The Best VPN Server Countries to Connect Through "Unfair and irresponsible" claim? Pinoy vlogger sa South Korea, inimbestigahan ang "Hermes snub" kay Sharon Cuneta Hocus Pocus 2 Ver Películas Online Gratis Castellano 20 mejores campañas en redes sociales It has even transferred a white rhinoceros born at the park to the Ziwa Rhino Sanctuary, helping to reintroduce the animal to Uganda. But in addition to offering glimpses of tigers, lions, and gorillas, the zoological theme park has done wonders on growing its elephant and giraffe herds. Disney's Animal Kingdom Theme Park - Bay Lake, FloridaĪs you'd expect from the largest theme park in the world, Disney's Animal Kingdom has plenty of exotic animals living on its 580 acres. From this list, we selected 14 of the most popular zoos in the U.S., according to the AZA, to make your next visit a little easier to plan. To help you determine the best and most ethical zoos in the U.S., the Association of Zoos and Aquariums (AZA) came up with a list of AZA-accredited locations that provide excellent care for animals and a better future for all living things. Many go above and beyond to ensure animal welfare, protect endangered species, revive dwindling populations through captive breeding programs, and educate people on the plight of some of the world's rarest creatures. ![]() That's why it's important to do your research and carefully choose the one you support. But as amazing as it can be to witness these wild animals up close, many activists view zoos as prisons. Thanks to zoos, we can watch a family of orangutans swing from branch to branch and a lion cub snuggle into its mother in a single afternoon. There's something extraordinarily special about seeing some of the world's most incredible animals in one, easily accessible place. ![]() CanvasChamp Return PolicyĪccording to the CanvasChamp return policy, if your print is defective, CanvasChamp will replace the canvas or fix it at their cost. All told, there are 48 active CanvasChamp promo codes, giving them by far the most promo codes of any canvas printer we’ve tested this year. You don’t have to look far for CanvasChamp promo codes - they are neatly listed on a dedicated coupons and promo codes page on the CanvasChamp website.Īs you can see above, there is a wide range of CanvasChamp promo codes available at the time of writing, including buy two, get one free canvas print. CanvasChamp products also include 3D photo printing, photo pillows, and photo books. ![]() You can also get a variety of novelty items, like photo mugs, banners, and photo puzzles. In terms of photo prints, you can opt for canvas, metal, acrylic, or even wood, to name just a few. Today, their product line is quite extensive and includes everything from poster prints to photo mugs. CanvasChamp ProductsĪs noted earlier, CanvasChamp initially offered nothing more than canvas prints. Alternatively, you can use their contact page to get in touch. According to CanvasChamp, you can talk to a live person 24/7 if you call this number. If you have a problem or question, you can contact CanvasChamp’s customer service line at 1-80. You can order a canvas print or another item online at any day, day or night. Their pricing on their canvas prints is surprisingly low, and a quick review of their other products reveals low pricing for items like metal prints, home decor, and photography gifts. When talking about CanvasChamp, affordability is their primary concern. Their product line (discussed below) has grown significantly as well. As of 2018, the company had grown to a team of more than 180 people with production facilities on three different continents. Table of ContentsĬanvasChamp was founded in 2012 with just eight employees and one product - canvas prints. In this CanvasChamp canvas print review, I’ll outline the good, the bad, and the ugly of my CanvasChamp print. Usually, “cheap” means the price is low and the quality is low…īut in this case, did CanvasChamp surprise me with a cheaply priced canvas that rocked it out in terms of quality? CanvasChamp has a reputation for being one of the cheapest canvas printing companies you can find. ![]() The fact that we are living into our late seventies and early eighties is no guarantee that you will celebrate your next birthday in the material world. Nevertheless, I too manage to put off contemplating my own mortality for months at a time, despite my progressing age, increasing medication, and decreasing flexibility.īut you are going to die, whether you think about it or not. (So long as I live, I will never lose that dreadful memory.) Since then, I have lost many friends and family to accidents, to illness, to suicide, and to age. After all, I lost the notion that kids are exempt from death when I was in sixth grade - a classmate was abducted and murdered. I would love to say I never had that luxury. As for dying tomorrow in an auto accident, or being shot down in a mall by a mass murderer while shopping for Nikes, or catching some horrible, incurable disease like Ebola … well, the probability of Death catching us unawares like that seems to be vanishingly small, despite its omnipresence in the news. Well, yes, it will happen to us, too, sometime in the distant future, after we have become old and useless - a future that some scientists believe can be made very distant very soon. Of course, no one goes so far as to deny that death is a real thing. But to deny or minimize death is not the same as to affirm life. Like the “resurrectifix” one sometimes finds at certain churches, its silence about our mortality treats sin and death as if the Resurrection made them unimportant, even irrelevant to the gospel narrative. But there is a reason for the Ash Wednesday rite, a reason the first prayer, with its un-spiritual concern for the purity of our minds, seemingly does not comprehend. Indeed, “Repent and believe the good news” was the cry of the first evangelists. I don’t have a real problem with the injunction to repent and believe. The first blesses the faithful “that, as they follow the Lenten observances, they may be worthy to come with minds made pure to celebrate the Paschal Mystery of your Son.” The second, more traditional one blesses the ashes “that we, who acknowledge we are but ashes and shall return to dust, may … gain pardon for sins and newness of life after the likeness of your Risen Son.” The order in which the Missal gives the options is instructive, for the more traditional prayer and injunction are put in second place, almost (but not quite) as a grudging concession. There are also two options on the blessing. But the Roman Missal gives the priest an option: he can say instead, “Repent and believe in the gospel.” “Remember that you are dust and to dust you shall return.” These are the traditional words with which the priest traces the ashes on the foreheads of the faithful on Ash Wednesday. Traction Control retains tractive force when the operator is trying to pull forward, keeping less track wear and fuss in the yard. Stable Blade keeps the blade working at a consistent angle to the ground, reducing surface roughness up to 32% and saving you money on fuel costs. Working together, you’ll get through tough terrain with ease. It’s a smart dozer that knows what you’re about to do and adjusts to suit. ![]() It now consumes just as little fuel as the previous model but moves 20% more in the same amount of time. It is an ultimate modern class-leading dozer that combines high gradeability, a smooth ride, and very powerful performance.Ĭaterpillar bulldozer d6’s new, more compact design actually increases the amount of material moved by 20 percent. This capability, along with an increased amount of rollers in the blade mounting system, does a better job of smoothing out the ride when heavier loads are being hauled. The latest Cat D6 dozers feature a new clamshell bucket with an extended dipper edge that makes it easy to transport large amounts of material. Its new blade can carry up to 35% more material than before, while an updated roller is used for added stability at high speeds. No matter how tough a job site gets, the Caterpillar d6 dozer always delivers. The Cat d6 dozer also benefits from a 4-speed transmission with auto-shift that automatically selects optimal gear based on load and terrain conditions, maximizing both fuel efficiency and power to the ground. Equipped with advanced technology, the Caterpillar d6 is ready to work for you.Ĭat D6 bulldozer optimizes technological advancements, increasing the fuel efficiency of its Cat C9.3B engine and reducing fuel consumption, making it the best-performing machine for every job. The broadest range of technology features in the industry works together seamlessly to help you make the most of your equipment investment. Its fully automatic transmission, outstanding fuel efficiency, and reduced service/maintenance costs distinguish it from the competition. Learn more about selling equipment with Ritchie Bros., or contact us to discuss your options.D6 dozer offers the ultimate in performance for a variety of applications. every year-from one item to a complete dispersal. Thousands of companies sell equipment with Ritchie Bros. Looking to buy or sell mining and earthmoving equipment? Liebherr, a name synonymous with cranes, designed the hydrostatic PR 764 crawler tractor for heavy duty mining needs. Check out RitchieSpecs for more info on the John Deere. The 1050K is a 95,000-lb beast with a dual-path hydrostatic transmission that, according to the manufacturer, allows for pushing through turns without losing material. John Deere’s supremacy in the agricultural equipment market is well known, but the farming equipment giant makes a mean dozer too. Photo credit: William Walker for Automobile Magazine While not built for speed, the D11 is a powerhouse and the closest rival to Komatsu’s vaunted D575. auctions and usually turns heads when it hits the ramp. The D11 is a common sight at Ritchie Bros. The D11 has since gone on to become one of the most-used ripping dozers when it comes to moving rock, earth, soil and more. Caterpillar D11 dozerĪ premier piece of yellow iron in the Caterpillar fleet, the D11 was introduced in the mid-80s to replace the D10 with a bigger track and blade, thus increasing capacity and productivity. ![]() It weighs 152,600 kilograms (336,400 pounds) and can only be transported in disassembled form. The D575A-3 SD (SD stands for Super Dozer) is a heavy construction titan used predominately by surface mine operators in North America and Australia. While ACCO might have made the biggest dozer out there, Japan’s Komatsu holds the title for making the biggest crawler tractor currently in production. As of 2012, it was reported to be housed in its birthplace of Portogruaro, Italy. It was commissioned for earth-moving work in Libya in the 80s, but trade embargoes on that country prevented its shipment. Unfortunately, this massive machine never moved an inch of dirt. ![]() It measures 40 feet in length and 10 feet in height, with a blade stretching 23 feet wide. Bellissimo! The Italian-made ACCO Super Bulldozer claims to be the largest, most massive bulldozer ever made. ![]() U are actually sending packets to the server EVERYTHING u do What do u mean the server doesnt read the packets? Gui, Add, Edit, x100 y50 w115 r4, Constantly using skills w/ auto MP.`nSkills on F9-12. Progress, m2 b fs18 zh0, Could not find client, ,, Courier New IniWrite, %ClickposY%, C:DEintlog.ini, section3, ClickposY IniWrite, %ClickposX%, C:DEintlog.ini, section3, ClickposX IniWrite, %Clickrest%, C:DEintlog.ini, section3, Clickrest IniWrite, %F12box%, C:DEintlog.ini, section3, F12box IniWrite, %F11box%, C:DEintlog.ini, section3, F11box IniWrite, %F10box%, C:DEintlog.ini, section3, F10box IniWrite, %F9box%, C:DEintlog.ini, section3, F9box IniWrite, %FMPbox2%, C:DEintlog.ini, section2, FMPbox2 IniWrite, %FHPbox2%, C:DEintlog.ini, section2, FHPbox2 IniWrite, %FMPbox1%, C:DEintlog.ini, section2, FMPbox1 IniWrite, %FHPbox1%, C:DEintlog.ini, section2, FHPbox1 IniWrite, %slider2%, C:DEintlog.ini, section2, MPvalue IniWrite, %slider%, C:DEintlog.ini, section2, HPvalue IniWrite, %fileselect%, C:DEintlog.ini, section1, fileselect IniWrite, %autoDE%, C:DEintlog.ini, section1, autoDE Gui, Add, Button, x16 y217 w60 h20 vButton gStart, Start Gui, Show, x1 y1 h260 w240, Darkeden - Slayer Gui, Add, Checkbox, x13 y240 checked%autoDE% vautoDE, Open with DE Gui, Add, Text,x160 y240 w70 h16, By eVanLiMs Gui, Add, Edit,x173 y144 w30 h20 vClickposY, %ClickposY% Gui, Add, Edit,x120 y144 w30 h20 vClickposX, %ClickposX% Gui, Add, Text,x33 y146 w100 h20, Click position: X ![]() Gui, Add, Edit,x95 y122 w30 h20 vClickrest, %Clickrest% Gui, Add, GroupBox, w210 h70 x15 y105, Options Gui, Add, Checkbox, x103 y74 checked%F12box% vF12box, F12 Gui, Add, Checkbox, x103 y50 checked%F11box% vF11box, F11 Gui, Add, Checkbox, x33 y74 checked%F10box% vF10box, F10 Gui, Add, Checkbox, x33 y50 checked%F9box% vF9box, F9 Gui, Add, GroupBox, w210 h70 x15 圓0, Trainning Gui, Add, Radio, x27 y225 unChecked vleftt,Left Click Gui, Add, Radio, x27 y200 Checked vrightt,Right Click Gui, Add, GroupBox, w100 h70 x15 y180, Capslock Gui, Add, GroupBox, w100 h70 x15 y105, HP Keys: Gui, Add, Slider, x92 y71 h20 vslider2, %MPvalue% Gui, Add, Slider, x92 y51 h20 vslider, %HPvalue% Gui, Add, Checkbox, x33 y70 checked vcheckvar2, MP : Gui, Add, Checkbox, x33 y50 checked vcheckvar1, HP : Gui, Add, GroupBox, w210 h70 x15 圓0, Hunting IniRead, ClickposY, C:DEintlog.ini, section3, ClickposY IniRead, ClickposX, C:DEintlog.ini, section3, ClickposX IniRead, Clickrest, C:DEintlog.ini, section3, Clickrest IniRead, F12box, C:DEintlog.ini, section3, F12box IniRead, F11box, C:DEintlog.ini, section3, F11box IniRead, F10box, C:DEintlog.ini, section3, F10box IniRead, F9box, C:DEintlog.ini, section3, F9box IniRead, FMPbox2, C:DEintlog.ini, section2, FMPbox2 ![]() IniRead, FHPbox2, C:DEintlog.ini, section2, FHPbox2 IniRead, FMPbox1, C:DEintlog.ini, section2, FMPbox1 IniRead, FHPbox1, C:DEintlog.ini, section2, FHPbox1 IniRead, MPvalue, C:DEintlog.ini, section2, MPvalue IniRead, HPvalue, C:DEintlog.ini, section2, HPvalue Gui, Add, Text, x20 y145,Ctrl+X: Exit`nCtrl+Q: Pause`nCtrl+R: Reload`nCtrl+M: Switch Modes Gui, Add, GroupBox, w210 h80 x15 y125, Hotkeys Gui, Add, Radio, x23 y71 unChecked vmode2 gvarchange2,Trainning Gui, Add, Radio, x23 y51 Checked vmode1 gvarchange1,Hunting Gui, Add, Edit, x100 y50 w115 r4, Auto Hp/Mp.`nAuto hold Caplock`nwhen pressed. ![]() Gui, Add, GroupBox, w210 h90 x15 圓0, Modes Gui, Add, Tab, x3 w235 h252, Main|Hunt|Train Msgbox,4, Your game client destination is: %fileselect%`nIs that correct? (Press YES or NO) IniRead, fileselect, C:DEintlog.ini, section1, key1įileselectfile, fileselect,Please select the game client,*.exe IniRead, autoDE, C:DEintlog.ini, section1, autoDE Menu, Tray, Add, Reload (Ctrl+R), ReloadScript Menu, Tray, Add, Exit (Ctrl+X), QuitScript If you are a student or an amateur, even an amateur who gets paid sometimes, then please identify yourself when making a self-post! Self-post content will be screened for quality, and unprofessional content submitted by people who don't clarify that they're students or amateurs will be removed.ĩ: Tutorial Videos must be high quality and correct.Nobody starts out as a pro cinematographer, so do your best at all times to keep an open mind and to help amateurs and students to learn and expand their skills!Ĩ: Students and Amateurs Must Identify Themselves! If you're a professional and you see work of a lower quality than your own, please refrain from labeling it as 'videography' or 'amateur' just to put down the OP.Any posts showing color grade comparisons must compare the grade against a standard Rec 709 LUT. Log footage (CLog, sLog, LogC, RedLog, etc) is not meant to be viewed directly.That type of content is not what this sub wants to focus on, and if you're interested in cinematography as a profession then you'd do well to avoid v-logs and travel videos as well!Ħ: Color Grade Posts must be compared to REC 709, not to Log/flat footage. As voted by the community in general, none of the above types of submissions are allowed on this sub.If you are posting your own work in any capacity, select Original Contentĥ: No V-Logs, Travel Videos, or Crowdfunding Submissions If not sure which it should be placed in, choose "". When posting, flair your post with the desired category. In an effort to organize the wide array of posts, the sub will broken up into 7 categories:.However, one would do well to refrain from down-voting, name-calling, insults, flame wars, or other impoliteness or rudeness when interacting with others on the sub. As you'd expect then, opinions can sometimes be divisive. This means job listings, crowdfunding, equipment sales/rentals, advertisements or other material deemed solicitous. ![]() Solicitation of any kind will not be permitted.You many NOT post work simply to get views or subs! Talk about what you did right, what you did wrong, and where you need help. If you are a student or amateur, you must seek feedback on your work. This includes, but is not limited to: what camera/film the project was shot on, techniques used, lights used, difficulties and limitations experienced during production. Original Content (your or a friend's work) must be accompanied by no less than a 300 character description of the project submitted as a comment to your own post. Other BE SURE TO READ OUR FAQ! Check out our FAQ post for information on common terms and concepts, recommendations for cameras, lenses, and lighting kits, along with info on common cinematography myths! RULES 1: Posting your own work? Make a Submissions Statement! ![]() Through the use of lighting, composition, equipment choice, and a variety of other factors, a cinematographer is able to tell or enhance a given story. "Cinematography" pertains to the art and technology of motion-picture photography. Hide Self Posts WHAT IS "CINEMATOGRAPHY"? ![]() ![]() It is not to say that the software or app is ridden with problems once you have downloaded it or have paid for its services. We will, however, still add this here as you may have issues with the software in the foreseeable future. Perhaps customer support may not be the top priority in your criteria list. At the same time, you may want to know what are the steps taken in the event that an attack happened with the app or software. ![]() The bottom line is that you will need to ensure that the app you are using will not sell off your private information and data. There were times where some security software’s security have been compromised. What is a password management software if it isn’t for its safety? Without the safety and security aspect, your passwords and other documents stored in it may be subjected to theft.Īlthough a lot of software and apps are made to fight off threats or prevent threats from attacking them, attacks will still happen. You may want to check out and do some research about what people have to say about the app. A complicated setup may be a turn off for many potential clients and users, including you. ![]() Although we can say that a good lot of premium paying software and apps are made to be relatively easy to use for the mass.Īt the same time, if you are someone who is not tech savvy, you will want to know if the setup is easy. Even if it is a premium paying app or software, it does not mean that it is any easier to install and use. You will be surprised at how not all apps are made to be user friendly, and has really difficult and complicated setup. Even if let’s say you did pay for the package, do you really need every feature they have? Setup and User Friendliness There are times the features they have are the ones that are paid for. Note that not every feature offered on the software is something that you need or will use. Obviously first and foremost, the most important thing you should be looking for is the features available on OneSafe. There are many things a software can and will offer you, but do you know what you really, really want? Features Available Criteriaīefore we move on, there are some criteria you should look into when choosing a password manager software and app. They hope to make the user experience the best it can be. The end goal for OneSafe from both Singapore and France is to focus on the user experience. It also respond to questions and requests from the users. It receives any feedback from Lunabee apps and its users. As a global hub, the Singaporean tram communicates with the entire world. The team in Singapore is the marketing and communications team. They are often looking into the possible future, always looking to improve the app and adding new features to integrate into the app. However, the majority of the team is based in France, and they focus on programming and other finer details to make the app work and look great. Part of the team is based in France, and the other part is based in Singapore. Sorry SackBoy, but you've been benched.OneSafe is a password management app produced by Lunabee Pte Ltd. With Church of England's beef still fresh in memory, Sony's no doubt playing this one safe as can be. While the backstory seems to indicate "Tapha Niang" was a tasteful, if not highly regarded selection for LBP's soundtrack, the reality is Sony is beginning a process to remove the song's inclusion from the game. In fact, a profile published by Taipei Times describes Toumani Diabaté as "a devout Muslim, with his own prayer room next to his office." Wikipedia), we have yet to find evidence to suggest "Tapha Niang" (or any Toumani Diabaté production for that matter) has been criticized for possible religious offenses prior to today's development. You can even listen to the track in its entirety on Toumani's MySpace page.įrom the brief research we've done (um. So which track is it? Well, the song is "Tapha Niang" from the 2006 album Boulevard de l'Independance by Grammy award-winning Malian kora player Toumani Diabaté (and it's available on iTunes, both Zune and Amazon marketplaces, and we imagine just about any place popular world music is sold). As SCEE vaguely put it, "one of the background music tracks licensed from a record label for use in the game" is the cause of LittleBigPlanet's - now worldwide - delay. Further, chuck uses CRC-16 and optional 1Kīlocks. Unfortunately, its UNIX style, and is a bit weird - octal numbers, etc.īUT, it is a nice way to overcome the kludgy "echo the chars of the name" "block 0" which contains the filename, date, time, and size. YAM, which is also supported via his public domain programs for UNIXĬalled rb and sb - receive batch and send batch. People who were held back by 7-bit limitations.īlock size: Chuck Forsberg created an extension of my protocol, called So "my protocol was an 8-bit protocol", and I would just say "sorry" to THEY had a protocol, but it was "extremely complex", because it tried toīe "all things to all people" - i.e. Of the reasons it survived to this day in as many machines and programs asĬonsider the PC-NET group back in '77 or so - documenting to beat the band "full duplex", "multiple outstanding blocks", "multiple destinations", etcĮtc don't understand that the incredible simplicity of the protocol is one People who suggest I make SIGNIFICANT changes to the protocol, such as He did some clever programming to detect false ACK or EOT, but basically (a) a record 0 containing filename date time and size Rb and sb (receive batch, send batch), which was basically XMODEM with Put it in the public domain, and wrote a batch protocol for Unix called The form of Chuck Forsberg's YAM protocol. (2) propose an "incremental extension" to it, which might take "exactly" It - what can I 'reference'", or "I'm writing a paper on it, what do I put (1) document it (people call me and say "my product is going to include ONLY the fact that it was done in 8/77, and that I put it in the publicĭomain immediately, made it become the standard that it is. It was a quick hack I threw together, very unplanned (like everything Iĭo), to satisfy a personal need to communicate with "some other" people. In terms of the phrases like "not robust", etc. References to the MODEM or MODEM7 protocol have been changed to XMODEM toĪccommodate the vernacular. Protocol document and John Byrns's CRC-16 document are included for To complete this tome, edited versions of Ward Christensen's original Transfers with maximum throughput when used with end to end errorĬorrecting media, such as X.PC and error correcting modems, including 9600īps units by TeleBit, U.S.Robotics, Hayes, Electronic Vaults, Data Race, XMODEM/ CRC protocol except for minimal changes to support 1k blocks.Īnother extension is the YMODEM-g protocol. With YMODEM Batch Protocol, or with single file transfers identical to the The 1k block length (XMODEM-1k) described below may be used in conjunction 2)Ĭommunications programs supporting these extensions have been in use since 1981. Commercial implementations include MIRROR, and Professional-YAM. YMODEM is supported by the public domain programs YAM (CP/M), YAM(CP/M-86), YAM(CCPM-86), IMP (CP/M), KMD (CP/M), rz/sz (Unix, Xenix, VMS, Berkeley Unix, Venix, Xenix, Coherent, IDRIS, Regulus). ![]() Weaknesses while maintaining most of XMODEM's simplicity. The XMODEM protocol extensions and YMODEM Batch address some of these Performance compromises and complexity have limited the popularity of the Kermit protocol, which was developed to allow file transfers in environments hostile to XMODEM. ![]() To the majority of you who read, understood, and respected Ward'sĭefinition of YMODEM, I apologize for the inconvenience. YMODEM stands for, as Ward Christensen defined it in his 1985 coining of ![]() To put an end to this confusion, we must make “perfectly clear” what None of the XMODEM and YMODEM examples shown in that document Has mutated from “1024 byte Packets” to “YMODEM/ CRC File Transfer In one instance, the heading in YMODEM.DOC's Figure 1 Protocols in the public domain, anyone who wants to dink around with themĭocuments containing altered examples derived from YMODEM.DOC have added Jeff Garbers (Crosstalk package development director) said it all: “With Some have taken whatever parts of YMODEM that appealed to them,Īpplied them to MODEM7 Batch, Telink, XMODEM or whatever, and called the Motivated by competitive pressure implemented as little of YMODEM as This proved a rather naive assumption as programmers The YMODEM protocol as their programming skills and computing environments Readers of earlier versions of this document would implement as much of Sadly, I (Chuck Forsberg) am partly to blame for this mess.Īs author of the early 1980s batch and 1k XMODEM extensions, I assumed A “YMODEM Tower of Babel” has descended on the microcomputing communityīringing with it confusion, frustration, bloated phone bills, and wasted Competition from a variety of fronts could overwhelm the firm's network effect, inevitably disrupting its business model. ![]() LinkedIn's business model is relatively unproven, and historical growth has masked all cyclicality, which may be severe.We expect the firm's free cash flow margin to average about 6.4% in coming years, and the firm had no debt as of last quarter. LinkedIn has an excellent combination of strong free cash flow generation and low financial leverage.On its website, members create, manage and share their professional identity and build out their professional networks in order to facilitate a more productive and successful career. LinkedIn operates the world's largest professional network on the Internet in over 200 countries and territories.Return on invested capital (excluding goodwill) has averaged 72.5% during the past three years. The firm has been generating economic value for shareholders for the past few years, a track record we view very positively. LinkedIn earns a ValueCreation™ rating of EXCELLENT, the highest possible mark on our scale.We compare LinkedIn to peers Facebook (FB), Google ( GOOG), and Yahoo (YHOO). This process culminates in what we call our Valuentum Buying Index (click here for an in-depth presentation about our methodology), which ranks stocks on a scale from 1 to 10, with 10 being the best. We think a comprehensive analysis of a firm's discounted cash-flow valuation and relative valuation versus industry peers is the best way to identify the most attractive stocks at the best time to buy. Management probably agrees, but you won't hear them admit it. In fact, we think shares are fairly valued at $106 each, about half of where they are trading at. ![]() Still, we continue to believe the firm is overvalued. Hard to believe that management teams can actually create economic value this way, but it has happened. LinkedIn's ( LNKD) management recently decided that its stock price had gotten so far out of whack that i t decided to raise equity. |