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Redalyc.Market Segmentation: Venezuelan Adrs
INNOVAR. Revista de Ciencias Administrativas y Sociales ISSN: 0121-5051 [email protected] Universidad Nacional de Colombia Colombia Garay, Urbi; González, Maximiliano Market segmentation: Venezuelan ADRs INNOVAR. Revista de Ciencias Administrativas y Sociales, vol. 22, núm. 46, octubre-diciembre, 2012, pp. 73-85 Universidad Nacional de Colombia Bogotá, Colombia Available in: http://www.redalyc.org/articulo.oa?id=81827442007 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Finanzas y marketing revista innovarjournal market segmentation: Venezuelan adrs Urbi Garay Ph.d. en finanzas, Universidad de massachusetts, amherst, m.a. en economía internacional y desarrollo, yale University. economista, Universidad Católica andrés Bello. Profesor, instituto de estudios superiores de administración Correo electrónico: [email protected] Maximiliano González segmentación de mercados: adrs VeneZolanos Ph.d en administración de negocios y Finanzas, tulane University. magíster en resúmen: los controles cambiarios impuestos en venezuela en 2003 administración de negocios, iesa. licenciado en Ciencias administrativas, Universidad constituyen un experimento natural que permite a los investigadores ob- metropolitana Caracas venezuela. Profesor asociado, Universidad de los andes servar el efecto que tales controles tuvieron sobre la segmentación del mercado de capitales. este trabajo presenta evidencia empírica que su- Correo electrónico: [email protected] giere que, aún cuando el mercado de capitales venezolano se encontraba altamente segmentado antes de que se impusieran los controles, las ac- ciones de la empresa Cantv estaban, por medio de sus american deposi- tary Receipts (adRs o certificados de depósito americanos), parcialmente integrados con los mercados globales. -
Conclusiones
CONCLUSIONES 166 CONCLUSIONES De acuerdo a los datos compilados en el análisis de los resultados obtenidos, es oportuno establecer las conclusiones para cada uno de los objetivos establecidos en esta investigación; considerando que el conocimiento claro de los objetivos planteados para el diseño del sistema de telefonía básica facilita las labores de diseño asociadas al proceso investigativo. En tal sentido, para el diseño del sistema se aprovecha la infraestructura instalada actualmente, brindando los mismos servicios prestados a las redes móviles y básicas rurales. A partir de los fundamentos obtenidos de la empresa INFONET, se estableció para el sistema, la probabilidad de bloqueo (Pb) de 0.015; lo cual implica que el 1.5% de las llamadas que se generen no podrán ser atendidas en la hora pico. Además, se considera para la operación del sistema, el modelo Erlang B (las llamadas bloqueadas abandonan el sistema), en treinta y cinco (35) mE. En la fase de diseño del sistema se estudiaron tres (03) perfiles tecnológicos, de los cuales se seleccionó el sistema AS-300, en razón de la notable capacidad que posee para transmitir una taza de datos para canales de voz de cincuenta y seis (56) Kbps, para código sesenta y cuatro (64) Kbps, y para códigos ADPCM de treinta y dos (32) Kbps. Como parte de la misma fase, se planificó la red con un margen de reserva para el manejo de tráfico, en el 167 cual la capacidad de manejo del sistema esta siempre por encima de lo requerido por las dimensiones del tráfico actual, a los fines de prever cualquier crecimiento rápido e inesperado de usuarios. -
Telmex Y Cantv: De Administración, IESA Caracas, Venezuela ¿Cuál Es La Tasa De Descuento [email protected] Apropiada?
Academia, Revista Latinoamericana de Administración, 44, 2010, 137-154. http://revistaacademia.cladea.org Carlos A. Molina Case study Instituto de Estudios Superiores TELMEX and CANTV: de Administración, IESA Caracas, Venezuela Which is the appropriate [email protected] discount rate? Miguel A. Santos Instituto de Estudios Superiores TELMEX y CANTV: de Administración, IESA Caracas, Venezuela ¿cuál es la tasa de descuento [email protected] apropiada? ABSTRACT This case study presents a dilemma situation on how to determine the discount rate for cash flows in places where the country risk perceived by investors differs considerably from the country’s sovereign debt premiums. Specifically, we present the case of TELMEX, the Mexican telecom corporation, valuing and presenting a bid offer for CANTV, the Venezuelan telecom corporation. Venezuelan capital markets and sovereign debt premiums have a lower correla- tion than those present in other Latin American and emerging markets. In this case and its study guide, we review the existing literature and propose a new and comprehensive methodology for the estimation of discount rates in the Venezuelan case, incorporating the difference in stock market volatilities into the country risk consideration. The proposed solution can be exported to other emerging markets with low correlations between their sovereign debt premiums and their internal capital markets. Key words: discount rate, cost of capital, cost of equity, country risk premium, sovereign debt, Latin America, cash flow valuation. This case study does not intend to make a value judgment on the acquisition offer made by Telmex for a block of Cantv shares, but, simply, to outline the Venezuelan situation as an investment scenario for an international company and to calculate the respective investment risk. -
UMTS: Alive and Well
TABLE OF CONTENTS PREFACE…………………………………………………………………...……………………………… 5 1 INTRODUCTION......................................................................................................................... 10 2 PROGRESS OF RELEASE 99, RELEASE 5, RELEASE 6, RELEASE 7 UMTS-HSPA .......... 12 2.1 PROGRESS TIMELINE .................................................................................................................. 12 3 PROGRESS AND PLANS FOR RELEASE 8: EVOLVED EDGE, HSPA EVOLVED/HSPA+ AND LTE/EPC ............................................................................................................................ 19 4 THE GROWING DEMANDS FOR WIRELESS DATA APPLICATIONS ................................... 26 4.1 WIRELESS DATA TRENDS AND FORECASTS ................................................................................. 28 4.2 WIRELESS DATA REVENUE ......................................................................................................... 29 4.3 3G DEVICES............................................................................................................................... 31 4.4 3G APPLICATIONS ...................................................................................................................... 34 4.5 FEMTOCELLS ............................................................................................................................. 41 4.6 SUMMARY ................................................................................................................................. -
GGSN Release 4.0 Command Reference
Cisco IOS Mobile Wireless Command Reference GGSN Release 4.0 Corporate Headquarters Cisco Systems, Inc. 170 West Tasman Drive San Jose, CA 95134-1706 USA http://www.cisco.com Tel: 408 526-4000 800 553-NETS (6387) Fax: 408 526-4100 THE SPECIFICATIONS AND INFORMATION REGARDING THE PRODUCTS IN THIS MANUAL ARE SUBJECT TO CHANGE WITHOUT NOTICE. ALL STATEMENTS, INFORMATION, AND RECOMMENDATIONS IN THIS MANUAL ARE BELIEVED TO BE ACCURATE BUT ARE PRESENTED WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. USERS MUST TAKE FULL RESPONSIBILITY FOR THEIR APPLICATION OF ANY PRODUCTS. THE SOFTWARE LICENSE AND LIMITED WARRANTY FOR THE ACCOMPANYING PRODUCT ARE SET FORTH IN THE INFORMATION PACKET THAT SHIPPED WITH THE PRODUCT AND ARE INCORPORATED HEREIN BY THIS REFERENCE. IF YOU ARE UNABLE TO LOCATE THE SOFTWARE LICENSE OR LIMITED WARRANTY, CONTACT YOUR CISCO REPRESENTATIVE FOR A COPY. The Cisco implementation of TCP header compression is an adaptation of a program developed by the University of California, Berkeley (UCB) as part of UCB’s public domain version of the UNIX operating system. All rights reserved. Copyright © 1981, Regents of the University of California. NOTWITHSTANDING ANY OTHER WARRANTY HEREIN, ALL DOCUMENT FILES AND SOFTWARE OF THESE SUPPLIERS ARE PROVIDED “AS IS” WITH ALL FAULTS. CISCO AND THE ABOVE-NAMED SUPPLIERS DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT OR ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE. IN NO EVENT SHALL CISCO OR ITS SUPPLIERS BE LIABLE FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL, OR INCIDENTAL DAMAGES, INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR LOSS OR DAMAGE TO DATA ARISING OUT OF THE USE OR INABILITY TO USE THIS MANUAL, EVEN IF CISCO OR ITS SUPPLIERS HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. -
An Architecture of Mobile Web 2.0 Context-Aware Applications in Ubiquitous Web
JOURNAL OF SOFTWARE, VOL. 6, NO. 4, APRIL 2011 705 An Architecture of Mobile Web 2.0 Context-aware Applications in Ubiquitous Web I-Ching Hsu Department of Computer Science and Information Engineering National Formosa University 64, Wenhua Rd., Huwei Township, Yunlin County 632, Taiwan [email protected] Abstract—The rapid development of the wireless an uniformly access to cope with the heterogeneous communication technologies, including wireless sensors, effects, including various context presentation, context intelligent mobile devices, and communication protocols, information, mobile device constraints, and context has led to diverse mobile devices of accessing various middleware [4]. To allow interoperability among the context-aware systems. Existing context-aware systems only various context-aware systems and mobile devices, a focus on characterize the situation of an entity to exhibit the advantage of contextual information association. The common standard is needed to uniformly access context contextual information can represent semantic implications information provided via a fundamental infrastructure. to provide decidable reasoning services, but it has no The Web 2.0 technologies provide a catalytic solution to mechanism to facilitating the interoperability and this problem. reusability among heterogeneous context-aware systems and Within the last two to three years, the Internet has various mobile devices. This study addresses these issues greatly changed our way of sharing resources and developing a Multi-layer Context Framework (MCF) that information. As well known, Web 2.0 is recognized as integrates Web 2.0 technologies into context-aware system the next generation of web applications proposed by T. for supporting ubiquitous mobile environment. The O’Reilly [5]. -
Compaq Ipaq H3650 Pocket PC
Compaq iPAQ H3650 QUICKSPECS Pocket PC Overview . AT A GLANCE . Easy expansion and customization . through Compaq Expansion Pack . System . • Thin, lightweight design with . brilliant color screen. • Audio record and playback – . Audio programs from the web, . MP3 music, or voice notations . • . Rechargeable battery that gives . up to 12 hours of battery life . • Protected by Compaq Services, . including a one-year warranty — . Certain restrictions and exclusions . apply. Consult the Compaq . Customer Support Center for . details. In Canada, consult the . Product Information Center at 1- . 800-567-1616 for details. 1. Instant on/off and Light Button 7. Calendar Button . 2. Display 8. Voice Recorder Button . 3. QStart Button 9. Microphone . 4. QMenu 10. Ambient Light Sensor . 5. Speaker and 5-way joystick 11. Alarm/Charge Indicator Light . 6. Contacts Button . 1 DA-10632-01-002 — 06.05.2000 Compaq iPAQ H3650 QUICKSPECS Pocket PC Standard Features . MODELS . Processor . Compaq iPAQ H3650 Pocket . 206 MHz Intel StrongARM SA-1110 32-bit RISC Processor . PC . Memory . 170293-001 – NA Commercial . 32-MB SDRAM, 16-MB Flash Memory . Interfaces . Front Panel Buttons 5 buttons plus five-way joystick; (1 on/off and backlight button and (2-5) . customizable application buttons) . Navigator Button 1 Five-way joystick . Side Panel Recorder Button 1 . Bottom Panel Reset Switch 1 . Stylus Eject Button 1 . Communications Port includes serial port . Infrared Port 1 (115 Kbps) . Speaker 1 . Light Sensor 1 . Microphone 1 . Communications Port 1 (with USB/Serial connectivity) . Stereo Audio Output Jack 1 (standard 3.5 mm) . Cradle Interfaces . Connector 1 . Cable 1 USB or Serial cable connects to PC . -
World Bank Document
RESTRICTED FILE COPY Report No. P-459 Public Disclosure Authorized This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Public Disclosure Authorized REPORT AND RECOMMENDATION OF T HE PRESIDENT TO THE EXECUTIVE DIRECTORS ON A Public Disclosure Authorized PROPOSED LOAN TO THE COMPANIA ANONIMA NAGIONAL TELEFONOS DE VENEZUELA November 22, 1965 Public Disclosure Authorized INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PRESIDENT'S REPORT AND RECOMMENDATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO COMPANIA ANONIMA NACIONAL TELEFONOS DE VENEZUELA 1.*I submit the following report and recommendation with regard to a proposed loan in an amount in various currencies equivalent to US$37 million to the Compania Anonima Nacional Telefonos de Venezuela (CAN2rV). PART I: HISTORICAL 2. In early 1963, the Government of the Republic of Venezuela re- quested the Bank to consider a loan to assist in financing the foreign exchange costs required to carry out the five-year program for the ex- pansion and improvement of its national and international telephone and telex services. An appraisal mission visited Venezuela as early as Sep- tember, 1963, but further consideration of the project was delayed by several changes in personnel, both in the Ministry of Communications and in CANTV, following the presidential election in December, 1963. It is only recently that a new telecommunications law was adopted, the CANTV statutes revised, and a new Board of Directors of CANTV approved. -
Web & Mobile Security
WEB & MOBILE SECURITY KNOWLEDGE AREA (DRAFT FOR COMMENT) AUTHOR: Sascha Fahl – Leibniz University EDITOR: Emil Lupu – Imperial College London © Crown Copyright, The National Cyber Security Centre 2019. Following wide community consultation with both academia and industry, 19 Knowledge Areas (KAs) have been identified to form the scope of the CyBOK (see diagram below). The Scope document provides an overview of these top-level KAs and the sub-topics that should be covered under each and can be found on the project website: https://www.cybok.org/. We are seeking comments within the scope of the individual KA; readers should note that important related subjects such as risk or human factors have their own knowledge areas. It should be noted that a fully-collated CyBOK document which includes issue 1.0 of all 19 Knowledge Areas is anticipated to be released in October 2019. This will likely include updated page layout and formatting of the individual Knowledge Areas. Web and Mobile Security Sascha Fahl September 2019 INTRODUCTION The purpose of this Knowledge Area is to provide an overview of security mechanisms, attacks and defences in modern web and mobile ecosystems. This overview is intended for use in academic courses in web and mobile security, and to guide industry professionals who are interested in an overview of web and mobile security. Web and mobile security have a long history, and their impact on overall information security is tremendous due to the sheer prevalence of web and mobile applications. Covering both web and mobile security, this Knowledge Area emphasises the intersection of their security mechanisms, vul- nerabilities and mitigations. -
Multimedia Messaging Service : an Engineering Approach To
Multimedia Messaging Service Multimedia Messaging Service An Engineering Approach to MMS Gwenael¨ Le Bodic Alcatel, France Copyright 2003 John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England Telephone (+44) 1243 779777 Email (for orders and customer service enquiries): [email protected] Visit our Home Page on www.wileyeurope.com or www.wiley.com All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London W1T 4LP, UK, without the permission in writing of the Publisher. Requests to the Publisher should be addressed to the Permissions Department, John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex PO19 8SQ, England, or emailed to [email protected], or faxed to (+44) 1243 770620. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold on the understanding that the Publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional should be sought. Other Wiley Editorial Offices John Wiley & Sons Inc., 111 River Street, Hoboken, NJ 07030, USA Jossey-Bass, 989 Market Street, San Francisco, CA 94103-1741, USA Wiley-VCH Verlag GmbH, Boschstr. 12, D-69469 Weinheim, Germany John Wiley & Sons Australia Ltd, 33 Park Road, Milton, Queensland 4064, Australia John Wiley & Sons (Asia) Pte Ltd, 2 Clementi Loop #02-01, Jin Xing Distripark, Singapore 129809 John Wiley & Sons Canada Ltd, 22 Worcester Road, Etobicoke, Ontario, Canada M9W 1L1 Wiley also publishes its books in a variety of electronic formats. -
The Wireless LAN and HP Ipaq Handheld Devices
The Wireless LAN and HP iPAQ Handheld Devices Overview............................................................................................................................................ 2 HP iPAQ wireless products.................................................................................................................... 2 What is a WLAN?............................................................................................................................... 2 Common WLAN terms ......................................................................................................................... 3 WLAN standards................................................................................................................................. 4 What is roaming?................................................................................................................................5 HP supported authentication wireless protocols........................................................................................ 5 Then and now—HP iPAQ wireless implementation................................................................................... 7 ROM and driver updates ...................................................................................................................... 7 rx3000 series...................................................................................................................................... 8 h4100 and h4300 series .................................................................................................................. -
Hp Ipaq Pocket Pc Software Download HP IPAQ POCKET PC WINDOWS 8.1 DRIVER
hp ipaq pocket pc software download HP IPAQ POCKET PC WINDOWS 8.1 DRIVER. Navigate to hp ipaq h3800 pocket pc series and then to your product page and click download drivers and software. 2510 Series. Sleek hp ipaq handheld computing needs. The ipaq pocket pc h1910 model is hp's newest addition to the successful ipaq pocket pc family featuring a dazzling display, thin and lightweight design at a breakthrough price. Be respectful, keep it civil and stay on topic. The ipaq hx2790c pocket pc delivers performance. When the best deals at the connecting base. Incorrectly inserting the charging adapter plug into the connector on the bottom of the ipaq pocket pc can damage the connector pins. Discuss, ipaq batteries or printer. When the pocket pc screen begins to fade, release the calendar and itask buttons first, and then remove the stylus from the reset button. Dell laptop wireless. We delete comments that are highly functional for even more programs. We offer full version is not connect. Discuss, hp ipaq pocket pc hx2790b - handheld - windows mobile 5.0 premium edition - 3.5 series sign in to comment. 26-07-2004 review summary the handheld market has been getting squeezed lately, so it is no surprise that hp has finally decided to jump on the smart phone bandwagon with the ipaq h6315 pocket pc. Your ipaq pocket pc already includes all the software you need and more to fully operate your device. This reference guide will help to do everything it works. ATI RADEON HD 6670 2GB WINDOWS 8.1 DRIVER.