Archive for the ‘Digital Money’ Category

Digital textbooks challenge schools to rethink learning environment

WASHINGTON — Are hardbound textbooks going the way of slide rules and typewriters in schools?

Education Secretary Arne Duncan and Federal Communications Commission Chairman Julius Genachowski on Wednesday challenged schools and companies to get digital textbooks in students' hands within five years. The Obama administration's push comes two weeks after Apple Inc. announced it would start to sell electronic versions of a few standard high school books for use on its iPad tablet.

Digital books are viewed as a way to provide interactive learning, potentially save money and get updated material faster to students.

Digital learning environments have been embraced in Florida, Idaho, Utah and California, as well as Joplin, Mo., where laptops replaced textbooks destroyed in a tornado. But many schools lack the broadband capacity or the computers or tablets to adopt the technology, and finding the money to go completely digital is difficult for many schools in tough economic times.

Tied to Wednesday's announcement at a digital town hall was the government's release of a 67-page "playbook" to schools that promotes the use of digital textbooks and offers guidance. The administration hopes that dollars spent on traditional textbooks can instead go toward making digital learning more feasible.

Going digital improves the learning process, and it's being rolled out at a faster pace in other countries such as South Korea, Genachowski said in an interview.

Genachowski said he's hopeful it can be cost effective in the long run, especially as the price of digital tablets drops.

"When a student reads a textbook and gets to something they don't know, they are stuck," Genachowski said. "Working with the same material on a digital textbook, when they get to something they don't know, the device can let them explore, it can show them what a word means, how to solve a math problem that they couldn't figure out how to solve."

Students can use the textbooks for video explanations to help with homework, they can interact with molecules, and they can manipulate a digital globe to see stories and data about countries, said Karen Cator, director of the Education Department's Office of Education Technology.

"We're not talking about the print-based textbook now being digital. We're talking about a much more robust and interactive and engaging environment to support learning," Cator said.

About $8 billion is spent annually in the U.S. on textbooks for children in kindergarten through 12th grade, said Jay Diskey, the executive director of the school division of the Association of American Publishers' School Division. Diskey said textbook companies have been working on the technology for the past five to eight years to transform the industry, but that in many cases, schools simply aren't ready.

"It's not only the future, it's the now. The industry has embraced this, but the difficulty does lie in the fact that schools are not yet fully equipped with the hardware. We hope that they get there soon," Diskey said.

After the tornado in May destroyed several schools in Joplin, the decision was made essentially to go textbook free at three sites hosting high school students from Joplin High School and the Franklin Technology Center. The United Arab Emirates donated money to buy each student a laptop.

The response from students has been mixed, said Angie Besendorfer, the district's assistant superintendent. She said the transition has proved difficult for some students accustomed to a standard routine of answering questions at the end of a chapter, but administrators are pleased with the online learning and hope eighth-graders also will go essentially textbook free.

"It's a little bit more work on the side of the students in that they are having to think and problem solve and do things differently, and some of our kids are not so fond of that, whereas other kids like it a lot," Besendorfer said.

 

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Digital textbooks challenge schools to rethink learning environment

LilMitch™ x J.StonerBeatz Collab – "Counting Money" [Full-Length] – Video

04-01-2012 17:37 Collab w/ the Homie J.Stoner | J.Stoner's Channel: YouTube.com | Twitter: Twitter.com Buy the Tagless / HQ Version now with a lease for $50.00. Contact LilMitchGotHitz@Gmail.com for purchasing info. © 2012. All Rights Reserved.

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LilMitch™ x J.StonerBeatz Collab - "Counting Money" [Full-Length] - Video

A Hidden Reason That Western Digital's Earnings Are Outstanding

It takes money to make money. Most investors know that, but with business media so focused on the "how much," very few investors bother to ask, "How fast?"

When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Western Digital (NYSE: WDC  ) .

Let's break this down
In this series, we measure how swiftly a company turns cash into goods or services and back into cash. We'll use a quick, relatively foolproof tool known as the cash conversion cycle, or CCC for short.

Why does the CCC matter? The less time it takes a firm to convert outgoing cash into incoming cash, the more powerful and flexible its profit engine is. The less money tied up in inventory and accounts receivable, the more available to grow the company, pay investors, or both.

To calculate the cash conversion cycle, add days inventory outstanding to days sales outstanding, then subtract days payable outstanding. Like golf, the lower your score here, the better. The CCC figure for Western Digital for the trailing 12 months is 1.1.

For younger, fast-growth companies, the CCC can give you valuable insight into the sustainability of that growth. A company that's taking longer to make cash may need to tap financing to keep its momentum. For older, mature companies, the CCC can tell you how well the company is managed. Firms that begin to lose control of the CCC may be losing their clout with their suppliers (who might be demanding stricter payment terms) and customers (who might be demanding more generous terms). This can sometimes be an important signal of future distress -- one most investors are likely to miss.

In this series, I'm most interested in comparing a company's CCC to its prior performance. Here's where I believe all investors need to become trend-watchers. Sure, there may be legitimate reasons for an increase in the CCC, but all things being equal, I want to see this number stay steady or move downward over time.

Source: S&P Capital IQ. Dollar amounts in millions. FY = fiscal year. TTM = trailing 12 months.

Because of the seasonality in some businesses, the CCC for the TTM period may not be strictly comparable to the fiscal-year periods shown in the chart. Even the steadiest-looking businesses on an annual basis will experience some quarterly fluctuations in the CCC. To get an understanding of the usual ebb and flow at Western Digital, consult the quarterly-period chart below.

Source: S&P Capital IQ. Dollar amounts in millions. FQ = fiscal quarter.

On a 12-month basis, the trend at Western Digital looks very good. At 1.1 days, it is barely changed from the five-year average of 1.2 days. The biggest contributor to that improvement was DSO, which improved 3.7 days compared to the five-year average. That was partially offset by a 3.1-day increase in DIO.

Considering the numbers on a quarterly basis, the CCC trend at Western Digital looks good. At -15.4 days, it is 14.0 days better than the average of the past eight quarters. With both 12-month and quarterly CCC running better than average, Western Digital gets high marks in this cash-conversion checkup.

Though the CCC can take a little work to calculate, it's definitely worth watching every quarter. You'll be better informed about potential problems, and you'll improve your odds of finding the underappreciated home run stocks that provide the market's best returns.

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A Hidden Reason That Western Digital's Earnings Are Outstanding

Challenge to US schools: Embrace digital textbooks

WASHINGTON (AP) — Are hardbound textbooks going the way of slide rules and typewriters in U.S schools?

Education Secretary Arne Duncan and Federal Communications Commission chairman Julius Genachowski on Wednesday challenged schools and companies to get digital textbooks in students' hands within five years. The Obama administration's push comes two weeks after Apple Inc. announced it would start to sell electronic versions of a few standard high-school books for use on its iPad tablet.

Digital books are viewed as a way to provide interactive learning, potentially save money and get updated material faster to students.

Digital learning environments have been embraced in five states. But many schools lack the broadband capacity or the computers or tablets to adopt the technology, and finding the money to go completely digital is difficult for many schools in tough economic times.

Tied to Wednesday's announcement at a digital town hall was the government's release of a 67-page "playbook" to schools that promotes the use of digital textbooks and offers guidance. The administration hopes that dollars spent on traditional textbooks can instead go toward making digital learning more feasible.

Going digital improves the learning process, and it is being rolled out at a faster pace in other countries such as South Korea, Genachowski said in an interview. Genachowski said he is hopeful it can be cost effective in the long run, especially as the price of digital tablets drops.

"When a student reads a textbook and gets to something they don't know, they are stuck," Genachowski said. "Working with the same material on a digital textbook, when they get to something they don't know, the device can let them explore, it can show them what a word means, how to solve a math problem that they couldn't figure out how to solve."

Students can use the textbooks for video explanations to help with homework, they can interact with molecules, and they can manipulate a digital globe to see stories and data about countries, said Karen Cator, director of the Education Department's office of education technology.

"We're not talking about the print based textbook now being digital. We're talking about a much more robust and interactive and engaging environment to support learning," Cator said.

About $8 billion is spent annually in the U.S. on textbooks for children in kindergarten through 12th grade, said Jay Diskey, the executive director of the school division of the Association of American Publishers. Diskey said textbook companies have been working on the technology for the past five years to eight years to transform the industry, but that in many cases, schools simply aren't ready.

"It's not only the future, it's the now. The industry has embraced this, but the difficulty does lie in the fact that schools are not yet fully equipped with the hardware. We hope that they get there soon," Diskey said.

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Challenge to US schools: Embrace digital textbooks

Shut up and take my money! Multiplatform and Digital Distribution : Indie Chatter – Video

30-01-2012 11:55 Shut up and take my money! It's harder than you might think. New videos Monday, Wednesday, Friday! Subscribe! http://www.youtube.com Follow me on Twitter: http://www.twitter.com Check out Facebook too: http://www.facebook.com

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Shut up and take my money! Multiplatform and Digital Distribution : Indie Chatter - Video