Amelco and Sportradar launch in Tennessee with Action247

first_imgSports betting Tags: Sportradar Action247 Amelco Action247 is the first sports betting operation in the US to be powered by both Amelco’s full sports betting solution and Sportradar’s MTS. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting software and trading services provider Amelco and Sportradar have rolled out a full platform and managed trading services (MTS) solution with Tennessee-based online operator Action247. Amelco and Sportradar launch in Tennessee with Action247 Email Address Regions: Tennessee The operator will further expand its offering with the addition of Chalkline’s free-to-play range of sports games. 9th November 2020 | By Robert Fletcher Subscribe to the iGaming newsletter Read the full story on iGB North America. “We’re really going from strength to strength stateside as more and more operators start to see our products in action,” Amelco’s head of business development Brandon Walker said. The agreement saw Action247 roll out its new sports betting offering in the state on November 1, offering consumers in Tennessee the ability to wager on a wide range of sports. Topics: Sports bettinglast_img read more

Zenith Bank PLC (ZENITH.ng) Q12017 Interim Report

first_imgZenith Bank PLC (ZENITH.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2017 interim results for the first quarter.For more information about Zenith Bank PLC (ZENITH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Zenith Bank PLC (ZENITH.ng) company page on AfricanFinancials.Document: Zenith Bank PLC (ZENITH.ng)  2017 interim results for the first quarter.Company ProfileZenith Bank Plc is a financial services institution in Nigeria offering banking products and services for the personal, commercial, corporate, private and investment banking sectors. The company also offers non-banking services such as foreign exchange, treasury, trade services and cash management services. Its full-service offering ranges from transactional accounts, savings accounts and deposits to short term investment funds, association accounts, personal funds management, funds transfer service and import letters of credit. Established in 1990 and formerly known as Zenith International Bank Limited, the company changed its name to Zenith Bank Plc in 2004. The company has three subsidiaries: Zenith Bank (Ghana) Limited and Zenith Bank (Sierra Leone) and Zenith Bank (Gambia) Limited. It has representative offices in South Africa and The People’s Republic of China. Its company head office is in Lagos, Nigeria. Zenith Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

Forget gold! I’d buy cheap FTSE 100 shares today to make a million

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Peter Stephens | Sunday, 1st March, 2020 | More on: ^FTSE Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Forget gold! I’d buy cheap FTSE 100 shares today to make a million The FTSE 100 may have fallen by around 15% since the start of the year, but the price of gold has surged to its highest level in over seven years. Investors are increasingly flocking to less risky assets, and gold’s track record as a store of wealth means that it could move higher in the short run.However, in the long run the FTSE 100 could deliver impressive returns. It now appears to offer a wide margin of safety, while it has a solid track record of recovery. Therefore, investors who are looking to build a seven-figure portfolio in the long run may be better off buying undervalued FTSE 100 shares today rather than holding expensive gold.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Gold’s popularityGold has become increasingly popular in recent weeks due to its defensive characteristics. It has been viewed as a store of wealth for many years, and its price has therefore often risen during periods of economic uncertainty.With the ultimate impact of the spread of the coronavirus on the world economy’s growth rate still a ‘known unknown’, it would be unsurprising for investor sentiment to further weaken in the short run. Investors may, therefore, seek to reduce the risks they face through holding gold. This may lead to a rise in its price in the short run.FTSE 100 appealAt the same time, the FTSE 100 looks set to experience continued uncertainty in the short run. While this may mean that investors record paper losses over the coming weeks and months, over the coming years they may benefit from a recovery in the index’s price level.The FTSE 100 has always delivered new record highs following its various bear markets in the past. As such, buying a wide range of companies while they trade on low valuations could be a sound means of obtaining a favourable risk/reward ratio that catalyses your portfolio’s performance in the long run. I would rather do that than buy an asset like gold that may see its price falling again once stock markets start to rise.For example, stocks in sectors such as consumer goods, financial services and resources are currently trading on valuations that are significantly lower than their long-term averages. This suggests that investors may have factored-in the prospect of a negative impact from the coronavirus on their earnings. This could mean that they offer wide margins of safety that improve the risk/reward ratio of your portfolio.A logical strategyThe task of building a £1m portfolio is likely to be made easier through buying assets while they trade at low prices, and selling them when they trade at high prices. In order for shares, or any other asset, to be considered ‘cheap’, there usually must be significant risks present. As such, the near-term outlook can be highly uncertain.However, through focusing on company fundamentals and having a long-term outlook, you can capitalise on the low valuations currently present in the FTSE 100. It may take time for the index to recover, but its track record shows that it has always achieved this goal and it could, therefore, positively impact on your chances of making a million. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Our 6 ‘Best Buys Now’ Shares See all posts by Peter Stephens Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Addresslast_img read more

Bishop of Barbados asks churches to address the age gap

first_img Submit an Event Listing By Rachel FarmerPosted Oct 2, 2019 Rector and Chaplain Eugene, OR Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Cathedral Dean Boise, ID Rector Albany, NY Rector Hopkinsville, KY Submit a Job Listing Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Youth Minister Lorton, VA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Press Release Service In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Tampa, FL New Berrigan Book With Episcopal Roots Cascade Books Family Ministry Coordinator Baton Rouge, LA Assistant/Associate Rector Morristown, NJ Anglican Communion Rector Shreveport, LA The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Bishop of Barbados asks churches to address the age gap Tags [Anglican Communion News Service] Churches need to do things differently, using social networks and technology to draw the younger generation back to church, according to the Bishop of Barbados, Michael Maxwell, who said there was a significant age gap in many congregations.Speaking at a lunchtime lecture in St. Mary’s Anglican Church, Bridgetown, the bishop said he had seen the demographic in the church change over the years with many more mature people now attending and a gap of those aged between 15 to 25.Read the full article here. TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Knoxville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Smithfield, NC Assistant/Associate Priest Scottsdale, AZ AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Curate Diocese of Nebraska Associate Rector Columbus, GA Assistant/Associate Rector Washington, DC Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Director of Administration & Finance Atlanta, GA Featured Events Rector Belleville, IL Associate Rector for Family Ministries Anchorage, AK An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Collierville, TN Submit a Press Release Priest-in-Charge Lebanon, OH This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Associate Priest for Pastoral Care New York, NY Rector (FT or PT) Indian River, MI Featured Jobs & Calls Rector Washington, DC Canon for Family Ministry Jackson, MS Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Music Morristown, NJ Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Martinsville, VA Rector/Priest in Charge (PT) Lisbon, ME Bishop Diocesan Springfield, IL Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Course Director Jerusalem, Israel Rector Pittsburgh, PA Missioner for Disaster Resilience Sacramento, CA Rector Bath, NClast_img read more

Caltech Grads,Undergrads Collect Impressive Array of National and International Prizes

first_img 3 recommended0 commentsShareShareTweetSharePin it Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. First Heatwave Expected Next Week Education Caltech Grads,Undergrads Collect Impressive Array of National and International Prizes By KATHY SVITIL Published on Friday, June 12, 2015 | 10:59 am Community News HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeautyRemove Belly Fat Without Going Under The KnifeHerbeautyHerbeautyHerbeautyThese Fashion Tips Are Making Tall Girls The Talk Of The TownHerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeautyHerbeautyTiger Woods’ Ex Wife Found A New Love PartnerHerbeautyHerbeauty Your email address will not be published. Required fields are marked * Make a comment Subscribe Name (required)  Mail (required) (not be published)  Website  Community Newscenter_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Caltech undergraduate and graduate students have collected an impressive array of awards this year, including three Fulbright grants, two Goldwater Scholarships, two Watson Fellowships, two Hertz Fellowships, a Soros Fellowship, a Marshall Scholarship, a Gates Cambridge Scholarship, and 31 National Science Foundation Fellowships.Fulbright FellowshipsSeniors Jonathan Liu, Charles Tschirhart, and Caroline Werlang were selected as Fulbright Scholars. The Fulbright Program is the flagship international exchange program sponsored by the U.S. government. Seniors and graduate students who compete in the U.S. Fulbright Student Program can apply to one of the more than 160 countries whose universities are willing to host Fulbright Scholars. The scholarship sponsors one academic year of study or research abroad after the bachelor’s degree. Liu, Tschirhart, and Werlang will be studying next year in Germany, England, and Switzerland, respectively.Barry M. Goldwater ScholarshipsSophomore Saaket Agrawal and junior Paul Dieterle were awarded Barry M. Goldwater scholarships for the 2015–16 academic year. The Barry Goldwater Scholarship and Excellence in Education Program was established by Congress in 1986 to award scholarships to college students who intend to pursue research careers in science, mathematics, and engineering.Thomas J. Watson FellowshipsSeniors Janani Mandayam Comar and Aaron Krupp were named 2015 Thomas J. Watson Fellowship winners. Each fellowship is a grant of $30,000 awarded to seniors graduating from a selected group of colleges. According to the Watson Foundation’s website, “Fellows conceive original projects, execute them outside of the United States for one year and embrace the ensuing journey. They decide where to go, who to meet and when to change course.” Fifty fellows were selected from a pool of nearly 700 candidates.Hertz FellowshipsCaltech seniors Adam Jermyn and Charles Tschirhart were named 2015 Hertz Fellowship winners. Selected from a pool of approximately 800 applicants, the awardees will receive up to five years of support for their graduate studies. According to the Hertz Foundation, fellows are chosen for their intellect, their ingenuity, and their potential to bring meaningful improvement to society.Paul & Daisy Soros Fellowship for New AmericansMohamad Abedi, a PhD candidate in bioengineering, received a Paul & Daisy Soros Fellowship for New Americans. Thirty fellows, selected from nearly 1,200 applicants “for their potential to make significant contributions to U.S. society, culture, or their academic field,” receive up to $90,000 to help cover two years of tuition, and other educational and living expenses, while studying any subject at any university in the United States. The fellowship was established to assist young new Americans—permanent residents, naturalized citizens, or children of naturalized citizen parents—at critical points in their educations.Gates Cambridge ScholarshipSenior Connie Hsueh, a physics major, was awarded a 2015 Gates Cambridge Scholarship that will fund graduate studies at the University of Cambridge. The Gates Cambridge Scholarship program, established in 2000 through a donation to Cambridge University from the Bill and Melinda Gates Foundation, recognizes young people from around the world who not only excel academically, but also display a commitment to social issues and bettering the world. Hsueh was selected from a pool of 755 applicants.Marshall ScholarshipSenior Adam Jermyn received the 2015 Marshall Scholarship to pursue graduate studies in Great Britain. Funded by the British government, the Marshall Scholarship provides support for two years of post–bachelor’s degree study—covering a student’s tuition, books, living expenses, and transportation costs—at any university in the United Kingdom. Each year more than 900 students from across the nation compete for this prestigious scholarship.NSF Graduate Research FellowshipsThe National Science Foundation (NSF) selected 31 current Caltech students and 12 alumni to receive its Graduate Research Fellowships. The awards support three years of graduate study within a five-year fellowship period in research-based master’s or doctoral programs in science or engineering.Caltech’s awardees for 2015 are seniors Bridget Connor, Boyu Fan, Mark Greenfield, Bryan He, Adam Jermyn, Robert F. Johnson, Ellen Price, Charles Tschirhart, Max Wang, Benjamin Wang, Caroline Werlang, Patrick Yiu, and Andy J. Zhou; and graduate students Louisa Avellar, Dawna Bagherian, Kevin Cherry, Rebecca Glaudell, Elizabeth Goldstein, Denise Grunenfelder, Nina Gu, Elizabeth Holman, Erik Jue, Kyle Metcalfe, Kelsey Poremba, Denise Schmitz, Rebekah Silva, Chanel Valiente, Grigor Varuzhanyan, Ryan Witkosky (also an alumnus), Emily Wyatt, and Nicole Xu. Caltech alumni in the 2015 class of Graduate Fellows are Karen Dowling, Melissa Hubisz, Pawel Latawiec, Laura Lindzey, Katja Luxem, Rocio Mercado, Bertrand Ottino-Loffler, David Sell, Benjamin Suslick, Jordan Theriot, Ryan Thorngren, and Matthew Voss. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

#goodstuff Limerick band chasing Number One!!

first_imgEmail Twitter Print Advertisement Facebook LifestyleEntertainmentNews#goodstuff Limerick band chasing Number One!!By Eric Fitzgerald – March 9, 2016 727 center_img Linkedin WhatsApp Hermitage Green – ‘Make It BetterHermitage GreenLIMERICK band Hermitage Green are currently sitting at Number 2 in the Irish Charts with their debut studio album ‘Save Your Soul’.  Can the band knock Adele off the top before Friday?Sign up for the weekly Limerick Post newsletter Sign Up The band have released a new video for their song ‘Make It Better’ made by Stoneface Films and filmed  in the basement of Grangegorman College- formerly Richmond Insane Asylum for women. The band made the video to celebrate International Women’s Day and a new era where, “gender, sexuality, race or creed is becoming increasingly irrelevant!”, say the band. Previous articleLimerick’s Bleeding Heart Pigeons launch debut albumNext articleUSI and SIPTU on campaign trail to Limerick’s School of Art and Design Eric Fitzgeraldhttp://www.limerickpost.ieEric writes for the Entertainment Pages of Limerick Post Newspaper and edits the music blog www.musiclimerick.com where you can watch and listen to music happening in the city and beyond.last_img read more

Analog Devices Reports First Quarter Fiscal 2021 Results at the High End of Guidance

first_img Facebook May 2, 2020 WhatsApp Charitable foundation contribution 513,087 % 22,796 1,558 463,860 44.1 % (14,553 24 ANALOG DEVICES, INC. — 50,623 Repurchase of common stock — — 20 $ Gross margin $ 428 Gross margin Three Months Ended * The sum of the individual per share amounts may not equal the total due to rounding. (Unaudited) Gross margin percentage ~ $44 Million $ 687,685 ) $ (199,160 373,106 Adjusted 427,941 % (156,741 % 155,297 — % ) 455,423 Cost of sales 648,322 (1) The sum and/or computation of the individual amounts may not equal the total due to rounding. 19 574,714 % 89 311,856 $ $ $ 1,090 5,145,102 % Total current assets 226,217 Adjusted gross margin percentage $ Cash Return ) ) Dividend payments to shareholders % % 438 $ Jan. 30, 2021 42 11,136 Adjusted gross margin ) $ Adjusted operating expenses 2,332 380 bps $ 434,151 Trailing Twelve Months $ Adjusted income before income taxes Total revenue Other non-current liabilities ) (106,030 Cash Generation Diluted earnings per share 70.0 (20,804 1,045,371 Operating margin 2,493 1,090,368 % 27 $ Feb. 1, 2020 $ Capital expenditures Operating expenses (67 1,066,192 Previous articleAir Techniques Announces New Aerosol Reduction Studies in Course Offering at The Virtual Chicago Midwinter MeetingNext articleAbiomed Announces Appointment of Dr. Myron Rolle to Board of Directors Digital AIM Web Support 0.04 — (111,782) Income tax effect of adjustments above 361 % Jan. 30, 2021 Pinterest 23 $ ) % $ ) Total assets (67,388 22 Three Months Ended (54,732 ) 427,941 848,142 44 Acquisition related expenses (+/- $0.08) (157 % Goodwill 826,964 Income tax effect of adjustments above 27 (386 Income before income taxes $ (438) ) $ 557,200 $ Proceeds from other investments (209 (In thousands, except per share amounts) Effective tax rate $ Industrial Revenue 388,519 1,558,458 (Unaudited) % $ $ Aug. 1, 2020 Research and development 131,074 Operating expenses: Adjusted tax rate Operating margin 91,720 Diluted EPS % 40.7 $ ) ) 156,798 Automotive Trailing Twelve Months Shares used to compute earnings per common share – diluted 436,618 ANALOG DEVICES, INC. 21,440,110 Operating income 4,747,347 273,428 Acquisition related expenses (296 1,048,063 48,813 Results Summary (1) Capital expenditures ) % of Revenue ) Revenue CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS % Acquisition related expenses 27,242 481 37 Jan. 30, 2021 Net cash used for investing activities % $ 16,113 Operating income Other non-cash activity Three Months Ended Jan. 30, 2021 203,874 $ Special charges Charitable foundation contribution 11,136 1,045 372,264 18 (In thousands, except per share amounts) 1.05 Additions to property, plant and equipment $ $ Three Months Ending May 1, 2021 205,712 % % 1,364,986 CONDENSED CONSOLIDATED BALANCE SHEETS Local NewsBusiness 3,650,280 % 0.55 2,086,780 ANALOG DEVICES, INC. 145,044 (Unaudited) — $ TAGS  481,362 Revenue 618,640 368,880 % Effect of exchange rate changes on cash % (75,071 Selling, marketing, general and administrative 368,241 Net property, plant and equipment (in millions, except per-share amounts and percentages) 40.7 Operating margin 1,503,064 Other current assets ) 65.1 12,278,425 Intangible assets, net % 273 145,774 338 (229,179 1,303,565 % Revenue 855,454 % 21,440,110 Amortization of intangibles Changes in other financing activities Jan. 30, 2021 % of revenue 742 $ Three Months Ended 199,280 1,466,489 13 273,428 65.1 Net income $ 1,862,068 % Outlook for the Second Quarter of Fiscal Year 2021 For the second quarter of fiscal 2021, we are forecasting revenue of $1.60 billion, +/- $50 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 30.6%, +/-110 bps, and adjusted operating margin of approximately 41.0%, +/-70 bps. We are planning for reported EPS to be $1.06, +/-$0.08, and adjusted EPS to be $1.44, +/-$0.08. Our second quarter fiscal 2021 outlook is based on current expectations and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements. The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also “Non-GAAP Financial Information” section for additional information. Dividend Payment The ADI Board of Directors has declared a quarterly cash dividend of $0.69 per outstanding share of common stock. The dividend will be paid on March 9, 2021 to all shareholders of record at the close of business on February 26, 2021. Conference Call Scheduled for Today, Wednesday, February 17, 2021 at 10:00 am ET ADI will host a conference call to discuss our first quarter fiscal 2021 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com, or by telephone (call 800-859-9560, or 706-634-7193 for international calls, ten minutes before the call begins and provide the password “ADI”). A replay will be available two hours after the completion of the call. The replay may be accessed for up to two weeks by dialing 855-859-2056 (replay only) and providing the conference ID: 3567727, or by visiting investor.analog.com. Non-GAAP Financial Information This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release. Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as the primary performance measurement when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that the non-GAAP liquidity measure free cash flow is useful both internally and to investors because it provides information about the amount of cash generated after capital expenditures that is then available to repay debt obligations, make investments and fund acquisitions, and for certain other activities. The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow margin percentage. Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding certain acquisition related expenses1 which are described further below . Adjusted gross margin percentage represents adjusted gross margin divided by revenue. Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses 1; acquisition related transaction costs 2; restructuring related expense 3; and charitable foundation contribution 4 which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue. Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses 1; acquisition related transaction costs 2; restructuring related expense 3; and charitable foundation contribution 4 which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue. Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses 1; acquisition related transaction costs 2; restructuring related expense 3; and charitable foundation contribution 4 which are described further below. Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items 5 which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes. Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses 1; acquisition related transaction costs 2; restructuring related expense 3; charitable foundation contribution 4; and tax related items 5 which are described further below. Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow margin percentage represents free cash flow divided by revenue. 1 Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to inventory, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include severance payments, equity award accelerations, and the fair value adjustment associated with the replacement of share-based awards related to the Linear Technology Corporation (Linear) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance. 2 Acquisition Related Transaction Costs: Costs directly related to the proposed Maxim Integrated Products, Inc. acquisition, including legal, accounting and other professional fees as well as integration-related costs. We excluded these costs from our non-GAAP measures because they relate to a specific transaction and are not reflective of our ongoing financial performance. 3 Restructuring Related Expense: Expenses incurred in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future. 4 Charitable Foundation Contribution: Expenses incurred in connection with a one time contribution of registered shares of common stock to the Analog Devices Foundation. We excluded this expense from our non-GAAP measures because this expense has no direct correlation to the operation of our business in the future. 5 Tax Related Items: Income tax effect of the non-GAAP items discussed above. We excluded the income tax benefit/provision effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our ongoing operating results. About Analog Devices Analog Devices (Nasdaq: ADI) is a leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure, power, connect and interpret. Visit http://www.analog.com. Forward Looking Statements This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding our proposed acquisition of Maxim Integrated Products, Inc. (“Maxim”); the impact of the COVID-19 pandemic on our business, financial condition and results of operations; expected revenue, operating margin, tax rate, earnings per share, and other financial results; expected market trends, market share gains, operating leverage, production and inventory levels; expected customer demand and order rates for our products and expected product offerings; product development; and marketing position. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic; political and economic uncertainty, including any faltering in global economic conditions or the stability of credit and financial markets; erosion of consumer confidence and declines in customer spending; unavailability of raw materials, services, supplies or manufacturing capacity; changes in geographic, product or customer mix; changes in export classifications, import and export regulations or duties and tariffs; changes in our or Maxim’s estimates of our respective expected tax rates based on current tax law; our ability to successfully integrate Maxim’s businesses and technologies; the risk that the expected benefits and synergies of the proposed transaction and growth prospects of the combined company may not be fully achieved in a timely manner, or at all; adverse results in litigation matters, including the potential for litigation related to the proposed transaction; the risk that we or Maxim will be unable to retain and hire key personnel; the risk associated with the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; unanticipated difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; uncertainty as to the long-term value of our common stock; the diversion of management time on transaction-related matters; our ability to successfully integrate acquired businesses and technologies; and the risk that expected benefits, synergies and growth prospects of acquisitions may not be fully achieved in a timely manner, or at all. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission (“SEC”), including the risk factors contained in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances. Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners. 107,225 Restructuring related expense Adjusted operating income 23 (54,839 (In thousands) (40,000) $ % 411,796 — 12,087,746 Provision for income taxes (In thousands) % Jan. 30, 2021 % Cash flows from operating activities: % of Revenue 40,000 Long-term debt 100 608,260 1.04 349,648 Debt, current % 1,055,860 48,099 893 Stock-based compensation expense ANALOG DEVICES, INC. Interest income $ (27,275 (916 5,857,949 Three Months Ended 2,087 Facebook $ % 11.7 429,041 436,618 % of revenue 22,343 Total liabilities & equity Consumer 536,396 68.5 $ 70 $ 1,048,063 % Percent of revenue 27 Adjusted operating margin 257,073 Other, net Cash flows from investing activities: 438 Accounts receivable Charitable foundation contribution 245,250 11,997,945 Reported (0.08) (60,161 Analog Devices Reports First Quarter Fiscal 2021 Results at the High End of Guidance (22,522 1.04 (157,057 % Dividend paid $ 880 bps Restructuring related expense $ ) $ Acquisition related transaction costs WILMINGTON, Mass.–(BUSINESS WIRE)–Feb 17, 2021– Analog Devices, Inc. (Nasdaq: ADI), a leading global high-performance semiconductor company, today announced financial results for its first quarter of fiscal 2021, which ended January 30, 2021. “ADI delivered strong first quarter results at the high end of our outlook, reflecting the diversity of our business and our alignment to the most important secular growth trends,” said Vincent Roche, President and CEO. “Revenue increased 20% year-over-year with growth across all market segments, including a record quarter for our Industrial business. While the economic backdrop remains uncertain, we are confident that a broad-based recovery is underway given continued momentum in ADI’s bookings and lean inventories across the industry.” Roche continued, “ADI remains focused on addressing our customers’ toughest challenges and providing breakthrough solutions, pushing the edge of what is possible. At the same time, we are passionately driven to deliver a positive impact on the world around us, enabling a more connected, safer and sustainable future, while creating value for all stakeholders.” Performance for the First Quarter of Fiscal 2021 Tax rate (0.06) 2,624,741 Acquisition related expenses 150 bps Shares used to compute earnings per common share – basic ) Earnings per share ) (15,236) (67,388 Shareholders’ equity 29.8 Deferred income taxes Proceeds from employee stock plans % 30.6% Net cash provided by operating activities (15,028 (495 ) Feb. 1, 2020 (363,823 47,211 (289,572 ) 12,282,751 Communications $ (29,888 156,798 Changes in other assets 144,069 % 29.8 RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW 3,535,475 (1,299 $ $ Jan. 30, 2021 635 Adjustments to reconcile net income to net cash provided by operations: Other current liabilities Feb. 1, 2020 Jan. 30, 2021 % of revenue* 1,304 21.0 37,501 0.55 $ 55 Inventories 288,150 Adjusted provision for income taxes 848,142 0.03 $ 1,526,295 Free cash flow $ $ Twitter $ 16 438 (229 (110,300) 21.0 185,275 (+/-70 bps) $ 464 3,156 1,919,595 ) 16 % 11,136 Adjusted Results $ % $ % Three Months Ended ) 1.03 ) $ ) Operating income 241,804 $1.06 388,519 % $ (7,797 6,086 Adjusted diluted earnings per share $ RECONCILIATION OF GAAP TO NON-GAAP RESULTS — $ 0.42 Oct. 31, 2020 Feb. 1, 2020 107 39,422 1,277,537 Non-cash contribution to charitable foundation 36 Gross margin percentage 67.1 % 11 $ Total adjustments 44,997 $ Adjusted gross margin 19 $ Cash and cash equivalents at beginning of period 23 168,364 Nonoperating expense (income): % of revenue* Adjusted operating margin % Jan. 30, 2021 ) Other investments $ $ ) 40,000 0.11 — $ (Unaudited) — (In thousands) (Unaudited) % ANALOG DEVICES, INC. $ Net cash used for financing activities Acquisition related transaction costs 1,040,975 5 (11,136) Gross margin 70,895 $ 33 Twitter 642,710 37.3 % Provision for income taxes (2,428 21,468,603 (13,982 (124,009 $ $ Jan. 30, 2021 463,860 19,920 $ Oct. 31, 2020 32 $ 654,408 ANALOG DEVICES, INC. $ — Feb. 1, 2020 2,517,688 $ 107,648 — Cash and cash equivalents at end of period ) $ 634,831 $ Net cash provided by operating activities (1,212 $ ) Interest expense % 399,220 Depreciation 48,099 41% (1) — 848 Revenue 28,280 *The sum of the individual percentages may not equal the total due to rounding. Restructuring related expense $ 226,217 Trailing Twelve Months Income before income taxes % % ) 11.0 36,638 $ % Cash flows from financing activities: 21,468,603 Change 33 15,236 0.42 29.2 $ 1,558,458 22,343 % ~ $44 Million 20 (+/-110 bps) 607,589 $ Net income 56,309 1,120,561 Adjusted operating expenses percentage Other assets % 581,511 ) $1.44 (3) % 0.55 40 % 455,537 Acquisition related transaction costs (178 1,909 70.0 $ 1.04 100 116,032 $ ) $ 68.5 ) Adjusted operating income 1.44 $ Three Months Ended 11% to 13% 1.44 (+/- $0.08) 1,055,860 Deferred income taxes % 36 (1) Includes $166 million of adjustments related to acquisition related expenses and acquisition related transaction costs as previously defined in the Non-GAAP Financial Information section of this press release. (2) Includes $23 million of tax effects associated with the adjustments for acquisition related expenses and acquisition related transaction costs noted above. (3) Includes $0.38 of adjustments related to the net impact of $0.44 of acquisition related expenses and acquisition related transaction costs, as well as $0.06 of tax effects on those items. (ADI-WEB) View source version on businesswire.com:https://www.businesswire.com/news/home/20210217005157/en/ CONTACT: Investor Contact: Analog Devices, Inc. Mr. Michael Lucarelli Sr. Director of Investor Relations 781-461-3282 [email protected] Contacts: Teneo Ms. Andrea Calise 917-826-3804 [email protected] Ms. Megan Fenton 917-860-0356 [email protected] KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SEMICONDUCTOR ENGINEERING TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING HARDWARE SOURCE: Analog Devices, Inc. Copyright Business Wire 2021. PUB: 02/17/2021 08:00 AM/DISC: 02/17/2021 08:01 AM http://www.businesswire.com/news/home/20210217005157/en Adjusted diluted EPS* 893,158 Three Months Ended 11.7 176,705 309,720 Acquisition related expenses Amortization of intangibles 1,558,458 $ Percent of revenue $ 1,456,136 18,566 1,317,060 Jan. 30, 2021 574,714 By Digital AIM Web Support – February 17, 2021 ANALOG DEVICES, INC. REVENUE TRENDS BY END MARKET (Unaudited) (In thousands) The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market. Restructuring related expense 1,129,214 672,598 Cash paid for asset acquisition ) Diluted earnings per common share Total cash returned 581,511 Jan. 30, 2021 281,049 Adjusted gross margin percentage % 9.9 % 38 Revenue (+/- $50 Million) 155,297 203,874 % (178,241 $ 53 Free cash flow $ % Net (decrease) increase in cash and cash equivalents $ $ Net cash provided by operating activities $ 16 40,000 ) Payments for acquisitions, net of cash acquired 0.55 86,729 737,536 36.9 Total operating expenses % CONDENSED CONSOLIDATED STATEMENTS OF INCOME Charitable foundation contribution Acquisition related transaction costs Basic earnings per common share 1,303,565 $ % Deferred tax assets Y/Y % ) ) Changes in operating assets and liabilities Nonoperating expense 36.9 (Unaudited) $1.60 Billion RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS 360,553 31.6 (1,940 28 $ $1.60 Billion 369,203 1,908,539 1,045,371 % 42,479 % 33 27 Cash & cash equivalents 59,863 (+/- $50 Million) $ % 11% to 13% (2) % 67.1 200 bps 15,236 Stock repurchases 0.00 $ $ 45,016 Pinterest WhatsApp 1.03last_img read more

SC Orders De-Sealing Of Properties In Delhi; Sets Aside Report Of Court-Appointed Monitoring Committee [Read Judgment]

first_imgTop StoriesSC Orders De-Sealing Of Properties In Delhi; Sets Aside Report Of Court-Appointed Monitoring Committee [Read Judgment] Nilashish Chaudhary14 Aug 2020 7:33 AMShare This – xIn a significant judgment pronounced on Friday, the Supreme Court ordered de-sealing of residential units in Delhi which had been sealed by a Court-appointed Monitoring Committee.A 3-Judge Bench comprising of Justices Arun Mishra, BR Gavai and Krishna Murari arrived at this decision upon finding that the Committee had never been authorized to take action against the residential premises that…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a significant judgment pronounced on Friday, the Supreme Court ordered de-sealing of residential units in Delhi which had been sealed by a Court-appointed Monitoring Committee.A 3-Judge Bench comprising of Justices Arun Mishra, BR Gavai and Krishna Murari arrived at this decision upon finding that the Committee had never been authorized to take action against the residential premises that were not being used for commercial purposes. The Court categorically held that it had not granted authority to the Committee to seal residential premises on private land, particularly when they were not being used for commercial purposes. The Court went on to clarify that the Committee had been appointed only to check the misuse of residential properties for commercial purposes, but it could not have usurped statutory powers which had not been conferred on it by the Court. “It is apparent from the various orders passed by this Court from time to time and from the various reports of the Monitoring Committee that it was never authorized by this Court to take action against the residential premises that were not being used for commercial purposes. It was appointed only to check the misuser of the residential properties for commercial purposes. After that, this Court directed that the Monitoring Committee should also look into the matter of “encroachment on the public land” and “unauthorized colonies” that have come up on the public land and were wholly unauthorized without sanction. At no point in time, this Court had empowered the Monitoring Committee to act vis-¬à-¬vis to the purely residential premises.” -Reads the JudgmentIn 2006, the Court constituted a Monitoring Committee on 23.4.2006, for the limited purpose of addressing the issue of use of residential premises for commercial purposes, and was entitled to inspect premises in which illegal constructions had been made. However, despite its limited scope, the Committee illegally sealed other premises. The Court restored the Committee’s powers in December, 2017. A Special Task Force was then constituted by the Top Court via Order dated 24.4.2018. The responsibility of this Task Force was to remove encroachments on public roads, public streets etc., while the Monitoring Committee was to suggest areas where immediate action was required by the Force. The Task Force was also supposed to ensure that the order of the Court as well as the applicable bylaws were adhered to and implemented. Upon perusal of previous Court Orders, passed in the present matter, along with various reports of the Monitoring Committee, the Bench held that the Committee could not have sealed the residential premises in question. “It would not be appropriate to the Monitoring Committee to usurp statutory powers and act beyond authority conferred upon it by the Court. The Monitoring Committee could not have sealed the residential premises, which were not misused for the commercial purpose as done vide Report No.149, nor it could have directed the demolition of those residential properties.” – Recorded the Court. The Court further discussed the provision under Article 300A of the Constitution, and took note that the only way in which the property and right of residence could be deprived was in a manner that is prescribed by law. If a mode is described under a statute, deprivation of property cannot be allowed through other modes. Since the Court did not authorize the Committee to take such action, the same could not have been done except in accordance with the procedure laid down in various judgments that were highlighted before the Court. “The power of sealing of property carries civil consequences. A person can be deprived of the property by following a procedure in accordance with law. The Monitoring Committee is not authorized to take action concerning the residential premises situated on the private land. If there is unauthorized construction or in case of deviation, the requisite provisions are under the DMC Act, such as sections 343, 345, 347(A), 347(B).” In this light, since it was found that the Committee was not empowered to take such action, the Court further stated that incumbents could not have been deprived of due process of protection under the law. Hence, all the Reports related to the sealing of these residential premises, and the action of sealing itself were quashed by the Court. The Top Court went on to direct de-sealing of these properties within a period of 3 days. “We quash Report No.149 and other reports submitted subsequently in connection with Report No.149 and entire action of sealing pursuant (to it)… We also quash notices issued directing demolition where the matter was being heard by this Court and the Monitoring Committee had no power to look into the matter and to take any action. Let the property sealed as per Report No.149 be de¬sealed, and possession be restored to the owners forthwith. Let this order be complied with within three days.”- states the operative part of the judgment. With this, the Court also clarified that they did not mean to belittle the work done by the Monitoring Committee for the work they engaged in to protect Delhi.  Senior Advocates Ranjit Kumar, Anitha Shenoy and ADN Rao were Amicus Curiae in the matter. Senior Advocates Rakesh Khanna, Sidharth Luthra, Mukul Rohatgi, RC Mishra, Nalin Kohli, Wasim Qadri, and Sanjiv Sen with Advocates Abhimanyu Bhandari and Roohina Dua appeared for parties. Solicitor General Tushar Mehta appeared for the Centre. Additional Solicitor General Aishwarya Bhati, and Advocates DN Goburdhan, Naveen Kumar, and Karuna Nundy also appeared in the matter.Click here to download the judgmentRead Judgment Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. 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Seasonal variability of the warm Atlantic Water layer in the vicinity of the Greenland shelf break

first_imgThe warmest water reaching the east and west coast of Greenland is found between 200 m and 600 m. Whilst important for melting Greenland’s outlet glaciers, limited winter observations of this layer prohibit determination of its seasonality. To address this, temperature data from Argo profiling floats, a range of sources within the World Ocean Database and unprecedented coverage from marine-mammal borne sensors have been analysed for the period 2002-2011. A significant seasonal range in temperature (~1-2 °C) is found in the warm layer, in contrast to most of the surrounding ocean. The phase of the seasonal cycle exhibits considerable spatial variability, with the warmest water found near the eastern and southwestern shelf-break towards the end of the calendar year. High-resolution ocean model trajectory analysis suggest the timing of the arrival of the year’s warmest water is a function of advection time from the subduction site in the Irminger Basin.last_img read more

Athena Is Out, Improv Is In Saturday’s $100,000 Grade 3 Groupie Doll Stakes At…

first_imgAthena is out, so Improv is in Saturday’s $100,000, Grade 3 Groupie Doll Stakes, Ellis Park’s signature race.Trainer Helen Pitts-Blasi entered Athena in both the mile Groupie Doll and Mountaineer Park’s six-furlong West Virginia Secretary of State Stakes, also worth $100,000 but not graded. Athena’s defection allows the Rusty Arnold-trained Improv to draw in off the “also-eligible” list. She will start from the extremely outside.“You’d rather not be in the 12, but they tell me it’s not that bad a spot going a mile down there,” Arnold said by phone from Saratoga. “She’s got speed from the outside, so that shouldn’t hurt her. Better than being out there on the outside with no speed.”Improv is the first daughter of One Caroline, a mare Arnold considers “probably the best filly I never had” but whose career was compromised by injuries. After racing twice last year, Improv was off for 13 months with a stress fracture, but returned this March to easily win a Gulfstream Park maiden race. In an allowance race two starts later, she flashed speed but faded so badly – losing by 49 lengths, with Julien Leparoux wrapping up on her in the hopeless cause — that Arnold is simply throwing that race out.“We thought she’d injured herself,” Arnold said. “Julien said, ‘Hey, she just wasn’t there, and I didn’t press on.’ She came back to the barn, cooled out well, acted well.”Putting a line through that disaster was a lot easier to do after Improv in her next start led all the way to win a mile allowance race at Churchill Downs.“She ran the race I thought she should have run the race before,” Arnold said.“We’ve liked her from Day One. She’s had a few issues that have kept her from putting a string of races together. She’s good right now. I thought her last race was a big improvement and she’s starting to ‘get it.’ It’s time to get aggressive with her, because you don’t know how long they’ll stay around.”With Improv running, jockey Jon Court moves to that filly, leaving Chicago-based Iowa Distaff winner Innovative Idea in need of a rider. Trainer Eoin Harty said in a text message that he’s going to take a “wait and see approach” before committing to a rider, in case there are other defections.Back to Athena, Pitts-Blasi said owner Clifford Grum opted for the Mountaineer race because it seemed not as tough, or at least has fewer horses: eight versus the Groupie Doll’s capacity 12.“It’s pretty salty at Ellis, not that West Virginia is easier, but you’ve got less horses,” Pitts-Blasi said. “We’re 7-2 there and 8-1 at Ellis.”Pitts-Blasi has agonized over the decision, which might be a good thing. She also agonized over whether to run Athena in Arlington’s Chicago Handicap the same day as Churchill Downs’ Roxelana. She opted to stay in Louisville, and Athena won at 18-1 odds over I’m a Looker, whom she’ll face again at Mountaineer. Pitts-Blasi still has a Groupie Doll starter in Academic Break, a close fourth in a contentious July 1 Churchill allowance race whose top four finishers are all in the Ellis stakes: victorious Conquest Curlgirl, Emmajestic and Crown D’ Oro. Emmajestic seeking to claim a stakesWhatever happens, Groupie Doll entrant Emmajestic was a nice claim for $40,000 at Churchill Downs’ 2015 spring meet. Owner Agave Racing Stable and trainer Michelle Lovell won a pair of Churchill Downs’ allowance races last fall before the filly got the winter off.Emmajestic ran a decent fifth in the mud upon her return at the Fair Grounds — a stakes in which Groupie Doll 4-1 favorite Ahh Chocolate was third. After tiring considerably in a Keeneland allowance race, Emmajestic was off 2 1/2 months before returning to be a closing second in that tough July 1 Churchill allowance. “She’s been really good to us, and she’s maturing,” Lovell said. “We’re putting her in a tough spot, but she’s freshened and she ran a nice race in her comeback race. We’re 15-1, but I think she’ll make a good showing.“You’ve got your clear favorites, your horses in good form. Neil Howard’s horse (Ahh Chocolate) is a really nice filly, proven. But you never know. You’ve got to get in the gates and try ’em. I think we’ve got a chance to get a stakes-placing anyway. Horses don’t show up sometimes, and hopefully we will. I love the filly. She’s doing really well right now. She’s gotten through her (allowance) conditions really well, and this is the next step. It’s a tough race. (But) my filly really likes a mile. I think it’s a perfect distance for us.”Sophie Doyle, off since fracturing her shoulder and shattering her collarbone in a May 27 spill at Churchill, resumes riding Friday at Ellis. In need of a jockey on a day when many of Ellis’ top riders are out of town, Lovell took the gamble that Doyle would get her doctor’s clearance in time to ride. Entries were taken last Sunday for the Groupie Doll, with Doyle getting medical permission on Tuesday.Lovell, however, will be at Louisiana Downs, where she’s running Delusional K K in the Louisiana Cup Filly & Mare Sprint. Assistant trainer Leigh Bentley will saddle Emmajestic at Ellis. “Hopefully we’ll get somethingdone Saturday with both fillies,” Lovell said.Ellis Park Juvenile developmentsCardinal Sin, winner of a 5 1/2-furlong turf maiden race at Ellis by 5 1/2, is staying at Saratoga and won’t run in Saturday’s $75,000 Ellis Park Juvenile, leaving a field that now will be no more than five 2-year-olds. “We entered to kind of get a feel for how the race was going to come up,” said co-owner Harvey Diamond of Skychai Racing. Limited numbers aside, he said, “I think it came up pretty tough, really. There are three or four horses in there that look like they can run. The purse is a little bigger at Saratoga, but what really influenced us is that he’s already up here.”Cardinal Sin instead will run in a grass allowance race at Saratoga that Diamond hopes serves as a prep for a stakes at Kentucky Downs.Meanwhile, the short field — which includes the unraced Fairmount Park horse Decaro — encouraged Keeneland-based trainer Ben Colebrook to change his mind and take on the boys with the filly Caroline Test, who captured an off-turf 5 1/2-furlong maiden race at Ellis by 4 1/4 lengths. Colebrook had considered running in Saturday’s $60,000 Colleen on turf against fillies at Monmouth Park.“I train her for the breeder,” Colebrook said of Edward Seltzer and Beverly Anderson. “Once we can get black type (stakes placing), you can kind of do some other things, run her back in an allowance race at Kentucky Downs. The race at Monmouth came up a little tougher than we were thinking, and you’d have to ship. Here it’s just a local ship — and have her ready for Kentucky Downs — was the thought.”Caroline Test is from the same female family as Surgical Strike, a multiple stakes-winner on turf and Polytrack whom Colebrook trains for Seltzer and Anderson. “We kind of think she’s going to be better on the grass,” Colebrook said. “But she ran so well on the dirt at Ellis that maybe she is a dirt filly. And she’s run over the track, so there were a couple of things that swayed us to stay home.”“Making of a Racehorse” fan experience continues Saturday“Making of a Racehorse,” Ellis Park’s fan experience staged in conjunction with the Kentucky division of the Horsemen’s Benevolent and Protective Association, will be held every Saturday morning during August. The free event is designed to give racing fans, horse enthusiasts and the simply-curious an up-close look at everything that goes into getting a horse to the races. Fans are invited to arrive after 7 a.m. ET in the track southern parking lot by the Ohio River levee, which is in close proximity to the starting gate for morning schooling. The program begins at 7:30 a.m. with Ellis starter Scott Jordan and his crew explaining how horses learn to break from the gate. Participants then go for a backside visit to trainer John Hancock’s barn, with jockey Francisco Torres on hand to answer questions. Ellis announcer Jimmy McNerney and paddock analyst Megan Devine also will add commentary, with fans invited to attend their Saturday morning handicapping show at 9:30 in the clubhouse.For more information, contact Jennie Rees, Ellis Park publicity, at [email protected]  FacebookTwitterCopy LinkEmailSharelast_img read more