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Nigeria Has No Business With Poverty But For Poor Leadership – ILCSIn recent years, there have been growing concerns about the impact of the intense nature of the Premier League on the well-being of players and managers. The relentless schedule, coupled with the pressure to perform at the highest level week in and week out, can lead to physical injuries, mental fatigue, and emotional strain. The intense scrutiny from fans, media, and club management only adds to the pressure, creating a challenging environment for those involved in the league.
1 2 3 4 Prayagraj: Addressing the 136th convocation of Allahabad University (AU), Chief Minister Yogi Adityanath advocated for holding student union (SU) elections in all the universities of the state. The suggestion of the CM comes at a time when it has been six years since elections for the student union were held at Allahabad University. The last elections for the student union were held at AU in 2018. The CM suggested that it should be called ‘Yuva Sansad' as the country needs talented and committed youth in politics. Yogi detailed how and who should contest the elections for this ‘Sansad'. "We want, and even Prime Minister Narendra Modi has said time and again that able youngsters should come into the field of politics and on this thought even universities should decide whether the concept of Yuva Sansad can replace the SU in the university system," said Yogi. The CM also suggested the methodology of the working of this Yuva Sansad. He said that a student cannot fight the election straight away when he is in the first year of the course. Rather, there should be an election within the class for the representatives and those representatives should decide who would contest the election in the third year or at the PG level. "Meritorious students, who can give direction to the society, should contest these elections," he said. On a lighter note, the CM recalled that once he met an office-bearer of a student union who was looking quite aged. "Someone told me that the son of that office-bearer is also a student of the same institution which means that the individual has taken admission in the university just to join the student union. There should be a limit to those who can contest the elections," he said. Those who want to stay in the university system for a longer time should be there to pursue research. Let them do it, but for contesting the elections for the student union or the Yuva Sansad, there should be some age limit. "Hold these elections simultaneously. Regularise your session and hold the elections between Aug 15-25 after completing all the admission processes," he suggested. Talking about the power of the youths, he criticised those who are using them for political mileage. "Those who are dividing our youths should remember that whenever the youths are divided on the basis of caste, creed and religion, this division will not harm the nation's potential, but those who are conspiring to divide are committing the sin of not only taking the nation backward, but they are blocking the development of the country too," he said. "And we should not let such forces progress who divide the youth on the basis of caste, creed, or religion," he added. Everyone, be it an institution, individual, or organisation, has to keep pace with the changing times. Everyone should meet the challenges of the changing times and adjust accordingly. Gone are the days when people used to say, "Hamari Mange Puri Karo" (fulfil our demand). "If you are indulging in any such activity, you are wasting your invaluable time," he said. The CM said that the first Gurukul of the world was established in Prayagraj by Saint Bharadwaj. "Upanishads taught us how to behave in society after graduating from an educational institution," he said. The CM also referred to the fast-changing scientific world and technology. He said in the 1990s there was a movement in the nationalised banks to oppose computerization. But later on everyone witnessed that the same computerisation made banking so easy. "Technological changes brought by ChatGPT and Artificial Intelligence (AI) have made work very easy and fast. But at the same time, youths should be vigilant while using such tools as technology has always been a double-edged sword," cautioned Yogi. He said that he is happy that of the eight students who were given medals by him at the convocation, seven are girls. But still, there is a lot to be done for girls' education,he added. Kumar Vishwas awarded honorary degree The 136th convocation of AU was held in the historic Senate Hall of AU. Chief Minister Yogi Adityanath was the chief guest, while AU's Chancellor and Chairman of Bombay Stock Exchange, Ashish Chauhan, was the special guest. Popular Hindi poet Kumar Vishwas was given the honorary degree at the convocation. Eight meritorious students of postgraduate and undergraduate courses were given medals by the CM. These included Diksha Pandey, Riya Tiwari, Riya Verma, Neha Uttam (all PG students), Anchal Tripathi, Mani Rashmi, Shubham Kumar Yadav, and Ritika Singh (UG students). AU Vice Chancellor Prof Sangita Srivastava said that under her regime, AU has come out of the dark age and is now heading towards a bright and prosperous future. She mentioned some of the milestones that AU has achieved during her tenure, foremost being the filling up of 70% of vacant teaching positions.
How to pick a music streaming service: Spotify, Apple Music, Amazon Music Unlimited, YouTube, Tidal or Qobuz?SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025. Net revenue for the third quarter of fiscal 2025 was $1.516 billion , $66 .0 million above the mid-point of the Company's guidance provided on August 29, 2024 . GAAP net loss for the third quarter of fiscal 2025 was $(676.3) million, or $(0.78) per diluted share. Non-GAAP net income for the third quarter of fiscal 2025 was $373 .0 million, or $0.43 per diluted share. Cash flow from operations for the third quarter was $536.3 million . "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell," said Matt Murphy , Marvell's Chairman and CEO. "The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026." Fourth Quarter of Fiscal 2025 Financial Outlook GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. Conference Call Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ . A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 47973# until Tuesday, December 10, 2024 . Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, employee severance costs, and facilities related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell's revenues earned during the periods presented and are expected to contribute to Marvell's future period revenues as well. Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell's estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell's non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the third quarter of fiscal 2025, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results. Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "forecasts," "targets," "may," "can," "will," "would" and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Cloud, 5G markets, and Artificial Intelligence (AI) markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip ) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; our ability to retain and hire key personnel; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers' products outside of the United States ; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; risks related to use of a hybrid work model; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell ® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts) Three Months Ended Nine Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net revenue $ 1,516.1 $ 1,272.9 $ 1,418.6 $ 3,949.9 $ 4,081.2 Cost of goods sold 1,166.7 685.3 867.4 2,485.1 2,451.7 Gross profit 349.4 587.6 551.2 1,464.8 1,629.5 Operating expenses: Research and development 488.6 486.7 481.1 1,451.4 1,436.6 Selling, general and administrative 205.3 197.3 213.0 602.5 622.0 Restructuring related charges 358.3 4.0 3.4 366.4 105.3 Total operating expenses 1,052.2 688.0 697.5 2,420.3 2,163.9 Operating loss (702.8) (100.4) (146.3) (955.5) (534.4) Interest expense (47.2) (48.4) (52.6) (144.4) (159.1) Interest income and other, net (0.5) 2.6 11.4 5.4 22.1 Interest and other loss, net (47.7) (45.8) (41.2) (139.0) (137.0) Loss before income taxes (750.5) (146.2) (187.5) (1,094.5) (671.4) Provision (benefit) for income taxes (74.2) 47.1 (23.2) (9.3) (130.7) Net loss $ (676.3) $ (193.3) $ (164.3) $ (1,085.2) $ (540.7) Net loss per share — basic $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Net loss per share — diluted $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Weighted-average shares: Basic 865.7 865.7 862.6 865.5 860.1 Diluted 865.7 865.7 862.6 865.5 860.1 Marvell Technology, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions) November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 868.1 $ 950.8 Accounts receivable, net 997.9 1,121.6 Inventories 859.4 864.4 Prepaid expenses and other current assets 91.4 125.9 Total current assets 2,816.8 3,062.7 Property and equipment, net 781.9 756.0 Goodwill 11,586.9 11,586.9 Acquired intangible assets, net 2,957.7 4,004.1 Deferred tax assets 406.5 311.9 Other non-current assets 1,165.8 1,506.9 Total assets $ 19,715.6 $ 21,228.5 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 538.1 $ 411.3 Accrued liabilities 825.2 1,032.9 Accrued employee compensation 270.9 262.7 Short-term debt 129.4 107.3 Total current liabilities 1,763.6 1,814.2 Long-term debt 3,965.5 4,058.6 Other non-current liabilities 613.6 524.3 Total liabilities 6,342.7 6,397.1 Stockholders' equity: Common stock 1.7 1.7 Additional paid-in capital 14,629.0 14,845.3 Accumulated other comprehensive income (loss) (0.3) 1.1 Accumulated deficit (1,257.5) (16.7) Total stockholders' equity 13,372.9 14,831.4 Total liabilities and stockholders' equity $ 19,715.6 $ 21,228.5 Marvell Technology, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended Nine Months Ended November 2, 2024
The upcoming 6th installment promises to deliver even more heart-stopping moments and gruesome deaths, with the filmmakers pulling out all the stops to ensure that fans will not be disappointed. Director Takashi Shimizu, known for his mastery of the horror genre, has promised that "Death is coming 6" will be the most terrifying entry in the series yet, pushing the boundaries of what audiences have come to expect from the franchise.RICE_Dickmann 31 pass from Warner (Horn kick), 12:33. USF_Wright 1 run (Cannon kick), 9:14. RICE_Jackson 12 run (Horn kick), 7:44. RICE_FG Horn 25, :22. RICE_Connors 23 pass from Warner (Horn kick), 6:32. RICE_FG Horn 25, :12. USF_S.Atkins 16 pass from Archie (Cannon kick), 12:22. RICE_Chiaokhiao-Bowman 33 pass from Warner (Sykes pass from Warner), 6:26. USF_K.Singleton 28 pass from I.Carter (Cannon kick), 3:09. USF_Brown-Stephens 32 pass from I.Carter (Cannon kick), 2:25. RUSHING_South Florida, Wright 6-35, Keith 3-31, Archie 10-21, Joiner 9-19, I.Carter 2-5. Rice, Francisco 12-42, Jackson 5-40, Connors 17-40, Chiaokhiao-Bowman 1-2, Warner 5-(minus 11). PASSING_South Florida, Archie 19-35-1-227, I.Carter 5-6-0-93, (Team) 0-1-0-0. Rice, Warner 27-42-0-437. RECEIVING_South Florida, Atkins 7-110, K.Singleton 7-107, Brown-Stephens 6-80, Singletary 2-5, Hardeman 1-12, Yaseen 1-6. Rice, Sykes 7-118, Connors 4-91, Chiaokhiao-Bowman 3-58, K.Campbell 3-52, G.Walker 3-45, Mojarro 3-16, Dickmann 2-36, B.Walker 1-12, Francisco 1-9. MISSED FIELD GOALS_Rice, Horn 41, Horn 39.
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Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial ResultsAs news of the six first prize winners spread, congratulatory messages and well-wishes poured in from all corners. Friends, family, and even strangers shared in the joy and excitement of the moment, united in celebration of the extraordinary stroke of luck that had befallen these fortunate individuals. It was a testament to the power of hope and the thrill of unpredictability that the lottery embodies.
By Emily Rose JERUSALEM (Reuters) - Al Jazeera television has clashed with the Palestinian Authority over its coverage of the weeks-long standoff between Palestinian security forces and militant fighters in the occupied West Bank city of Jenin. Fatah, the faction which controls the Palestinian Authority, condemned the Qatari-headquartered network, which has reported extensively on the clashes in Jenin, saying it was sowing division in "our Arab homeland in general and in Palestine in particular". It encouraged Palestinians not to cooperate with the network. Israel closed down Al Jazeera's operations in Israel in May, saying it threatened national security. In September, it ordered the network's bureau in Ramallah, to close for 45 days after an intelligence assessment that the offices were being used to support terrorist activities. "Al Jazeera has successfully maintained its professionalism throughout its coverage of the unfolding events in Jenin," it said in a statement on Tuesday. Palestinian Authority security forces have battled Islamist fighters in Jenin, as they try to control one of the historic centres of militancy in the West Bank ahead of a likely shakeout in Palestinian politics after the Gaza war. Forces of the PA, which exercises limited self-rule in the West Bank, moved into Jenin in early December, clashing daily with fighters from Hamas and Islamic Jihad, both of which are supported by Iran. The standoff has fuelled bitter anger on both sides, deepening the divisions which have long existed between the Palestinian factions and their supporters. Al Jazeera said its broadcasts fairly presented the views of both sides. "The voices of both the Palestinian resistance and the Spokesperson of the Palestinian National Security Forces have always been present on Al Jazeera’s screens," Al Jazeera said. (Reporting by Emily Rose, Ali Sawafta, editing by Ed Osmond)In conclusion, the partnership between Zhang Yimou and Sophie Marceau is a shining example of the magic that can happen when talent, passion, and vision come together. Their films remind us of the beauty and power of storytelling, transcending borders and uniting us in a shared experience of emotion and wonder. Through their work, they have inspired generations of filmmakers and audiences, leaving an indelible mark on the world of cinema.XRAY LEGAL UPDATE: A Lawsuit has been Filed Against Dentsply Sirona Inc. for Securities Fraud - Contact BFA Law before Court Deadline (NASDAQ:XRAY)
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