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News Article | May 23, 2017
Site: globenewswire.com

Dublin, May 23, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "NAND Insights Q1/17: MobileAgain" report to their offering. Strong demand from mobile contributed to the NAND shortage in 2H/16. It looks like history will repeat itself in 2017. This report provides a forecast of the supply-demand and application drivers for NAND flash memory out to 2021. Information on the following areas in included in this report: - NAND Flash Forecast - NAND Flash Revenue Trend - NAND Supplier Profitability - and more... This reports comes as a 27 page powerpoint presentation and an excel spreadsheet. Key Topics Covered: NAND Flash Forecast NAND Flash Revenue Trend - NAND Supplier Profitability - Capex - Wafer Capacity - Vendor Status - Technology Mix - Product Mix - 3bpc by Applications - 3D NAND by Applications Demand Flash Cards - USB Drives - Smartphones - Tablets - eMMC/UFS - SSDs - Applications Forecast Supply-Demand Pricing - Summary Excel File TOC - Revisions - Changes - Overview - NAND Supplier Operating Margin - Revenues - $ per GB - Capex - Supply-Demand - Applications - e-Reader - eMMC - Flash Cards - Mobile Phone - Smartwatch - Smart TV - SSD - Tablet - USB Flash Drives - Wafer Capacity - Bits by Vendor - Samsung - Toshiba - SanDisk - SK Hynix - Micron - Intel - Macronix - Powerchip - Winbond - YRST - ASP - eMMC Pricing - Overview Charts - Demand Charts - Supply Charts For more information about this report visit http://www.researchandmarkets.com/research/4cf54j/nand_insights


News Article | May 24, 2017
Site: www.forbes.com

Huge public companies still prospered this past year despite wild swings between market uncertainty and volatility, punctuated by unexpected political outcomes. The 2017 Global 2000 is bigger and more valuable in the aggregate than last year's list, with higher sales, profits, assets and market values. The list as a whole is significantly more valuable from the year prior, with aggregate market capitalization up 10%. Here's how we crunched the numbers. Despite slowing GDP figures, China and the U.S., whose companies make up more than 40% of the list, continue to dominate the top 10 list with financial giants including #1 Industrial and Commercial Bank of China (ICBC) and #4 JPMorgan Chase. China’s two-year stronghold of the top 3 spots was disrupted this year with Warren Buffett’s Berkshire Hathaway snagging the third spot, another signal that U.S. companies didn’t suffer terribly from market uncertainty that defined the year, as Berkshire owns many other American staple stocks. The FORBES Global 2000 ranking is based on a composite score from equally-weighted measures of revenue, profits, assets and market value. The 2017 list features public companies from 58 countries that together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion of assets, and have a combined market value of $48.8 trillion. All four metrics are up from the 2016 ranking, with market capitalization up 10% from last year. Despite a slowing of the global IPO market, several newly-public companies debuted on this year's list.  The biggest newcomer at No. 55 is Postal Savings Bank of China. The September 2016 IPO was the year’s largest, worth $8.1 billion. In the U.S., the most high-profile company to enter the list was Snap Inc. The company’s $24 billion market cap helped earn a spot at No. 1693. U.S. companies account for the most members of the list, 565, followed by China and Hong Kong, which is home to 263 Global 2000 companies. The world’s biggest companies have gotten bigger, more profitable and more valuable in the past year. 58 countries were represented, down from last year's 62 with Cyprus, Kazakhstan, Romania and Malta no longer boasting companies on the list. It wasn’t a good year for energy companies that fought against rock-bottom petroleum prices. Exxon Mobil fell 4 spots to #13, PetroChina fell off the top 10 to #102, and Chevron slipped to#359 from last year's #28 position. One big gainer this year is Charter Communications (#107), which climbed 677 spots by buying Time Warner, #214 last year,  knocking it off the list. General Electric climbed 54 spots to #13 and #83 Amazon broke into the top 100 from its previous rank of #237. Alibaba also moved up the list to #140. Some major names absent from the list were either acquired by another company or performed poorly and ranked under the #2000 position. Notable drop-offs include SABMiller, which was acquired by #126 Anheuser-Busch InBev. Western Digital bought #1266 SanDisk and Marriot acquired Starwood Hotels & Resorts which was #1214 last year. Chipotle, which suffered a terrible stock price after their food poisoned customers, also fell off the list. Casino giant Caesars Entertainment Corporation, #1198 last year, got knocked off too. For more coverage of the FORBES Global 2000 ranking of the world’s largest public companies, see below: Global 2000: The Largest Companies In China In 2017 2017 Global 2000: These Are The Largest Companies In Russia Here's How Much Of Russia's Biggest Banks And Drillers The Kremlin Owns World's Largest Retailers 2017: Amazon & Alibaba Are Closing In On Wal-Mart World's Largest Food And Beverage Companies 2017: Nestle, Pepsi And Coca-Cola Dominate The Field


News Article | May 23, 2017
Site: globenewswire.com

Dublin, May 23, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "NAND Insights Q1/17: MobileAgain" report to their offering. Strong demand from mobile contributed to the NAND shortage in 2H/16. It looks like history will repeat itself in 2017. This report provides a forecast of the supply-demand and application drivers for NAND flash memory out to 2021. Information on the following areas in included in this report: - NAND Flash Forecast - NAND Flash Revenue Trend - NAND Supplier Profitability - and more... This reports comes as a 27 page powerpoint presentation and an excel spreadsheet. Key Topics Covered: NAND Flash Forecast NAND Flash Revenue Trend - NAND Supplier Profitability - Capex - Wafer Capacity - Vendor Status - Technology Mix - Product Mix - 3bpc by Applications - 3D NAND by Applications Demand Flash Cards - USB Drives - Smartphones - Tablets - eMMC/UFS - SSDs - Applications Forecast Supply-Demand Pricing - Summary Excel File TOC - Revisions - Changes - Overview - NAND Supplier Operating Margin - Revenues - $ per GB - Capex - Supply-Demand - Applications - e-Reader - eMMC - Flash Cards - Mobile Phone - Smartwatch - Smart TV - SSD - Tablet - USB Flash Drives - Wafer Capacity - Bits by Vendor - Samsung - Toshiba - SanDisk - SK Hynix - Micron - Intel - Macronix - Powerchip - Winbond - YRST - ASP - eMMC Pricing - Overview Charts - Demand Charts - Supply Charts For more information about this report visit http://www.researchandmarkets.com/research/4cf54j/nand_insights


News Article | April 26, 2017
Site: www.theguardian.com

Bargain airport prices for favourites such as gin and Toblerone are now likely to be cheaper at the supermarket, Which? has found. A 360g bar of Toblerone cost £4 at Bristol World Duty Free but £3 at Asda, while a 70cl bottle of Tanqueray gin cost £18 at Heathrow Terminal 2 and £15 at Morrisons, the consumer group found. Despite a common assumption that airport shopping will cut out VAT, shoppers could save £21 by buying a 100ml bottle of Eternity for Men eau de toilette on Amazon for £25 rather than at Birmingham World Duty Free for £46. The Lego Star Wars Millennium Falcon was £20 cheaper at Toys R Us online than at Gatwick South World Duty Free. Which? said it was “stunned” to find the SanDisk Extreme Plus 64GB camera memory card selling for £73 more at Glasgow International’s Dixons Travel than at Currys online. The organisation checked all the prices between 10 and 13 March. They are rounded to the nearest £1 and include the cost of delivery for online orders. The watchdog also said consumers could find savings at airport shops, noting that it found the iPad mini 2 and Fitbit Flex 2 both for £10 less at Dixons Travel at Glasgow International airport than online at John Lewis. It urged shoppers to “always do your research before you head to the airport to make sure the ‘deal’ is not actually dearer than you find on the high street or online”.


News Article | April 7, 2017
Site: www.techtimes.com

Looking for high-quality portable SSDs is quite a challenge, especially with differing prices on the market. Luckily, lauded brand Western Digital has run up to the SSD trend. Western Digital just announced its first portable SSD storage called "My Passport SSD," available in three storage configurations, complete with a USB-C port which replaces the USB 3.0 Micro B port of yesteryear. The My Passport SSD is tiny, almost palm-sized. It's also currently the fastest My Passport drive from Western Digital's lineup of storage devices, offering users the ability to move files at 515 MB/s. This is the first time for Western Digital to actually release a portable SSD drive, since the company is mostly recognized for its inexpensive solutions for HDD backups. As you can see, the My Passport SSD borrows the look of the recently redesigned My Passport drives, obviously shrunken down because of the absence of a magnetic drive. The move to finally release its own portable SSD is wise — and also unsurprising. The company acquired SanDisk last year to make inroads in the SSD department, which is something it's already doing with its internal SSDs. Its new My Passport SSD also signals its willingness to compete with Seagate and LaCie in the increasingly emerging market of SSDs, especially with the latter two companies already offering their own SSDs. But instead of just releasing a run-of-the-mill portable SSD, Western Digital was meticulous enough to also jump into the USB Type-C trend, which is slowly replacing previous-gen ports. But the company isn't leaving out those who don't have USB Type-C laptops: it's throwing in a USB Type-A adaptor in the box for anyone who might need it. "My Passport SSD is the perfect storage solution to rapidly manage large photo and video libraries, quickly back up files and important documents, run virtual machines from, or expand your SSD-laptop storage anywhere you take your computer," said Western Digital in an announcement. Western Digital's My Passport SSD, as previously mentioned, will come in three storage configurations: 256 GB, 512 GB, and 1 TB. Like all SSDs, however, don't expect these to come cheap. The lowest storage size will cost $99.99; 512 GB will cost $199.99; and 1 TB will cost $399.99. These are pretty fair prices considering other, more steep offers out there, but they're still pretty high, although this is mostly because SSDs are far more expensive the HDDs at present. By contrast, a My Passport 2 TB hard drive is just $79.99, much lower than the lowest My Passport SSD storage option. The drives are protected by 256-bit AES hardware encryption and password protection, and users will get a three-year warranty period for every purchase. The drives are shock resistant up to 1500 G of force and can withstand a 6.5 foot drop. They will be available "this quarter," according to the company. Thoughts about Western Digital's My Passport SSD? Feel free to sound off in the comments section below! © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


News Article | April 29, 2017
Site: www.prlog.org

Memory Card Data Recovery Software allows user to restore all deleted file and folders from SD card storage media. -- Memory Card Data Recovery Software provides facility to retrieve lost images, photos, pictures, audio-video files and other crucial data from memory card storage device. Memory card data recovery program uses advance disk scanning mechanism to search and recover all lost data from SD card storage media. Memory card data retrieval tool provides flexibility to recover missing data from all major types of memory cards such as SD card, mini SD, micro SD, SDHC, SDHC Plus, Compact Flash, Multimedia Card, Memory Stick (MS, MS Pro, MS Pro DUO), Picture Card and many more.Memory Card Data Recovery Software facilitates user to retrieve lost data saved in different types of file formats such as MOV, BMP, MP3, M4V, TXT, GIF, MIDI, MPEG, JPG, WAV, AAC, AVI and other similar file formats. SD card data recovery tool supports all major brands of memory card such as Kingston, Transcend, SanDisk, Olympus, Samsung and many more.Software features:1. Software provides facility to recover all lost or deleted data from corrupted memory card.2. Allows user to save all recovered files at user specified location on computer system.3. Recovers lost data even if an error message displayed "Drive not formatted" while accessing SD card on computer system.4. Provides data preview option to view all lost data before actual data recovery process.5. Software is compatible with all major capacities of memory card such as 512 MB, 1GB, 2GB, 4GB, 8GB and even higher capacity of memory cards.Visit: www.partitionrecovery.biz Email: support@partitionrecovery.biz


News Article | May 3, 2017
Site: news.yahoo.com

Everyone knows that SanDisk is one of the biggest names in digital storage. Of course, everyone also knows that SanDisk products typically cost a little bit more than similar offerings from the company’s rivals. Paying a premium for a high-quality product isn’t a bad thing, but waiting for a good sale is always a smart play. And today, we’ve got a terrific sale to share. Right now on Amazon, you’ll find sweet discounts on the 250GB SanDisk Extreme 500 Portable SSD and the 500GB SanDisk Extreme 500 Portable SSD. They’re both insanely fast, very reliable, and they work with any Windows or Mac computer. Here are some key details from the product page: See the original version of this article on BGR.com


Boy oh boy do we have a great list of Amazon’s top daily deals for you today, and it all starts with $150 off one of the best Vizio sound bar models out there. Other highlights include a $21 gadget that will completely change the way you watch TV, the lowest price ever on Apple’s wildly popular Beats Solo3 wireless over-ear headphones, a $20 cable modem that will save you up to $120 a year when you return your leased modem, two different portable SSD drives from SanDisk, two different Asus Android tablets, and plenty more. You’ll find all of today’s top deals below. VIZIO SB4531-D5 Smartcast 45” 3.1 Slim Sound Bar System: $299.99 Beats Solo3 Wireless On-Ear Headphones - Gloss Black: Too low to display Linksys Advanced DOCSIS 3.0 Cable Modem for Comcast, Connector, F-type female 75 ohm Cable (DPC…: $19.99 SanDisk Extreme 500 Portable SSD 250GB SDSSDEXT-250G-G25: $99.99 SanDisk Extreme 500 Portable SSD 500GB SDSSDEXT-500G-G25: $169.99 ASUS C201PA-DS02 11.6 inch Chromebook (1.8GHz Quad-Core, 4GB LPDDR3, 16GB SSD), Navy Blue: $179.00 Mpow Bluetooth Receiver Streambot Hands-free & Wireless Car K…: Price too low to display Luminoodle Bias Lighting for TV with Color - Medium (78 in.) - USB-Powered RGB LED Strip with W…: $20.99 iMuto 20000mAh Portable Charger Compact External Battery Power Pack Power Bank with Smart LED D…: $23.99 SoundPEATS Bluetooth Earbuds Wireless 4.1 Magnetic Headphones Stereo Earphones with Mic, Secure…: $24.99 ASUS ZenPad 10.1", 2GB RAM, 64GB eMMC, 2MP Front / 5MP Rear Camera, Android 6.0, Tablet, Dark G…: $199.00 ASUS ZenPad 10.1", 2GB RAM, 16GB eMMC, 2MP Front / 5MP Rear Camera, Android 6.0, Tablet, Rose G…: $159.00 Spigen Kuel Stealth Car Mount Universal Phone Holder for iPhone 7 / 7 Plus / 6S / 6S Plus / Gal…: $15.99 SanDisk Ultra 128GB Dual Drive m3.0 for Android Devices and Computers (SDDD3-128G-G46): $31.46 Wink Hub 2: $90.00 See the original version of this article on BGR.com


You pull out your phone with just enough time to pop open the camera and frame the perfect photo before it's too late. Time is always of the essence when you're shooting real-life scenes and another second or two would have been too late. Your iPhone focuses, you snap the shutter button and boom... the dreaded "not enough storage" message pops up on your screen just as your subject vanishes. That's right, your iPhone was already full of photos and videos, and you didn't have enough storage to save another one. It's happened to us all at one point or another, but one simple device will help make sure it never happens again. Check out the SanDisk iXpand Flash Drive, which works with any iPhone or iPad that has a Lightning connector, and could be the best purchase you make this year. The iXpand flash drive features a Lightning plug on one end and a standard USB plug on the other. Using a free companion app, you can save all the photos and videos on your iPhone to the drive. Then you can keep them there or connect to your Mac or Windows PC and save them on your hard drive. Some product highlights: Free up space on your iPhone by moving photos and videos to your iXpand flash Automatically back up photos and videos from your camera Automatically back up your contacts Watch popular video on your iPhone or iPad Designed with a flexible connector to fit through most iPhone cases High-speed USB 3.0 transfer to and from your computer Secure file storage across your computer, iPhone and iPad Videos automatically saved to the drive if captured from within the iXpand Drive app The 32GB model is linked here and is on sale for $40, but there are also 64GB and 128GB models linked on the product page if you need more storage.


News Article | April 27, 2017
Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corp. (NASDAQ: WDC) today reported revenue of $4.6 billion, operating income of $525 million and net income of $248 million, or $0.83 per share, for its third fiscal quarter ended March 31, 2017. The GAAP net income for the period includes charges associated with the company’s recent acquisitions. Excluding these charges and after other non-GAAP adjustments, third quarter non-GAAP operating income was $1.0 billion and non-GAAP net income was $716 million, or $2.39 per share. In the year-ago quarter, the company reported revenue of $2.8 billion, operating income of $88 million and net income of $74 million, or $0.32 per share. Non-GAAP operating income in the year-ago quarter was $347 million and non-GAAP net income was $317 million, or $1.35 per share. The company generated $1.0 billion in cash from operations during the third fiscal quarter of 2017, ending with $5.8 billion of total cash, cash equivalents and available-for-sale securities. On Feb. 1, 2017, the company declared a cash dividend of $0.50 per share of its common stock, which was paid to shareholders on April 17, 2017. “We reported strong financial performance in the March quarter, enabled by excellent operational execution by our team in a healthy market environment with good demand for all NAND based products, as well as for capacity enterprise and client hard drives,” said Steve Milligan, chief executive officer. “We also achieved targeted cost and efficiency improvements and improved our liquidity position with strong cash flow generation. “With three consecutive quarters of strong financial results since completing the SanDisk acquisition, we are seeing continued validation of our growth strategy and our ongoing transformation into a comprehensive provider of diversified storage products and technologies. We have constructed a powerful platform with the broadest set of products, enabling us to be a leader in the storage industry. Our transformation provides us with the opportunity to not only compete in today’s marketplace but also to be positioned to grow and thrive into the future.” The investment community conference call to discuss these results and the company’s guidance for the fourth fiscal quarter 2017 will be broadcast live over the Internet today at 2:30 p.m. Pacific/5:30 p.m. Eastern. The live and archived conference call/webcast can be accessed online at investor.wdc.com. Supplemental financial information, including the company’s guidance for the fourth fiscal quarter 2017, will also be posted on the same website. The telephone replay number in the U.S. is 1(855)859-2056 or +1(404)537-3406 for international callers. The required passcode is 94428076. Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the company’s preliminary financial results for its third fiscal quarter ended March 31, 2017; market and demand trends; achievement of synergy goals associated with our acquisitions; our product portfolio and market position; and our growth strategy. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. The preliminary financial results for the company’s third fiscal quarter ended March 31, 2017 included in this press release represent the most current information available to management. The company’s actual results when disclosed in its quarterly report on Form 10-Q may differ from these preliminary results as a result of the completion of the company’s financial closing procedures; final adjustments; completion of the review by the company’s independent registered accounting firm and other developments that may arise between now and the disclosure of the final results. Other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: uncertainties with respect to the company’s business ventures with Toshiba; volatility in global economic conditions; business conditions and growth in the storage ecosystem; impact of competitive products and pricing; market acceptance and cost of commodity materials and specialized product components; actions by competitors; unexpected advances in competing technologies; our development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with acquisitions, mergers and joint ventures; difficulties or delays in manufacturing; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including the company’s Form 10-Q filed with the SEC on Feb. 7, 2017, to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect new information or events. Western Digital, WD and SanDisk are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the U.S. and/or other countries. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. © 2017 Western Digital Corporation or its affiliates. All rights reserved. To supplement the condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the table above sets forth non-GAAP cost of revenue; non-GAAP gross profit; non-GAAP operating expenses; non-GAAP operating income; non-GAAP interest and other expense, net; non-GAAP income tax expense; non-GAAP net income and non-GAAP diluted net income per common share (“Non-GAAP measures”). These Non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with GAAP and may be different from Non-GAAP measures used by other companies. Western Digital Corporation believes the presentation of these Non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors for measuring the Company’s earnings performance and comparing it against prior periods. Specifically, we believe these Non-GAAP measures provide useful information to both management and investors as they exclude certain expenses, gains and losses that we believe are not indicative of our core operating results or because they are consistent with the financial models and estimates published by many analysts who follow us and our peers. As discussed further below, these Non-GAAP measures exclude the amortization of acquired intangible assets, stock-based compensation expense, employee termination, asset impairment and other charges, acquisition-related charges, charges related to arbitration award, charges related to cost saving initiatives, convertible debt activity, debt extinguishment costs, other charges, and income tax adjustments, and we believe these measures along with the related reconciliations to the GAAP measures provide additional detail and comparability for assessing our results. These Non-GAAP measures are some of the primary indicators management uses for assessing our performance and planning and forecasting future periods. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. As described above, we exclude the following items from our Non-GAAP measures: Amortization of acquired intangible assets. We incur expenses from the amortization of acquired intangible assets over their economic lives. Such charges are significantly impacted by the timing and magnitude of our acquisitions and any related impairment charges. Stock-based compensation expense. Because of the variety of equity awards used by companies, the varying methodologies for determining stock-based compensation expense, the subjective assumptions involved in those determinations, and the volatility in valuations that can be driven by market conditions outside our control, we believe excluding stock-based compensation expense enhances the ability of management and investors to understand and assess the underlying performance of our business over time and compare it against our peers, a majority of whom also exclude stock-based compensation expense from their non-GAAP results. Employee termination, asset impairment and other charges. From time-to-time, in order to realign our operations with anticipated market demand or to achieve cost synergies from the integration of acquisitions, we may terminate employees and/or restructure our operations. From time-to-time, we may also incur charges from the impairment of intangible assets and other long-lived assets. These charges (including any reversals of charges recorded in prior periods) are inconsistent in amount and frequency and are not indicative of the underlying performance of our business. Acquisition-related charges. In connection with our business combinations, we incur expenses which we would not have otherwise incurred as part of our business operations. These expenses include third-party professional service and legal fees, third-party integration services, severance costs, non-cash adjustments to the fair value of acquired inventory, contract termination costs, and retention bonuses. We may also experience other accounting impacts in connection with these transactions. These charges and impacts are related to acquisitions, are inconsistent in amount and frequency, and are not indicative of the underlying performance of our business. Charges related to arbitration award. In relation to an arbitration award for claims brought against the Company by Seagate Technology LLC, which was satisfied in October 2014, and the related dispute over the calculation of post-award interest, we have recorded loss contingencies. The resulting expense is inconsistent in amount and frequency. Charges related to cost saving initiatives. In connection with the transformation of our business, we have incurred charges related to cost saving initiatives which do not qualify for special accounting treatment as exit or disposal activities. These charges, which are not indicative of the underlying performance of our business, primarily relate to costs associated with rationalizing our channel partners or vendors, transforming our information systems infrastructure, integrating our product roadmap, and accelerated depreciation on assets. Convertible debt activity, net. We exclude non-cash economic interest expense associated with the convertible senior notes, the gains and losses on the conversion of the convertible senior notes and call option, and unrealized gains and losses related to the change in fair value of the exercise option and call option. These charges and gains and losses do not reflect our cash operating results and are not indicative of the underlying performance of our business. Debt extinguishment costs. From time-to-time, we replace our existing debt with new financing at more favorable interest rates or utilize available capital to settle debt early, both of which generate interest savings in future periods. We incur debt extinguishment charges consisting of the costs to call the existing debt and/or the write-off of any related unamortized debt issuance costs. These gains and losses related to our debt activity occur infrequently and are not indicative of the underlying performance of our business. Other charges. From time-to-time, we sell or impair investments or other assets which are not considered necessary to our business operations; are a party to legal or arbitration proceedings, which could result in an expense or benefit due to settlements, final judgments, or accruals for loss contingencies; or incur other charges or gains which are not a part of the ongoing operation of our business. The resulting expense or benefit is inconsistent in amount and frequency. Income tax adjustments. Income tax adjustments reflect the difference between income taxes based on a forecasted annual non-GAAP tax rate and a forecasted annual GAAP tax rate as a result of the timing of certain non-GAAP pre-tax adjustments.

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