| Watsco, Incorporated Earnings Conference Call (Q4 2007)
Watsco, Inc., along with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States. Its products primarily comprise residential central air conditioners; light commercial air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. The company also offers various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies consisting of thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. Watsco operates through approximately 380 locations in 32 states. It distributes its products to contractors and dealers who service the replacement and new construction markets.
New Nike Sneaker Targets Jocks, Greens, Wall Street
The target audience for the latest edition of Nike Inc.'s landmark Air Jordan shoe is probably more concerned with its sleek styling than its carbon footprint. So when the Air Jordan XX3 is unveiled at the NBA All-Star Game festivities this weekend, sneakerheads probably won't pay much attention to what really distinguishes the shoe from its predecessors: the near absence of chemical-based glues and an outsole made of recycled material. The Beaverton, Ore., company's new sneaker is neither the first nor the only shoe in the industry to be touted as "green." For Nike, though, the Air Jordan XX3 is at the forefront of a broader effort that is intended to please not just environmentalists and jocks but also Wall Street. It represents a systemic shake-up of the company that is supposed to result in manufacturing operations that are both carbon neutral and cheaper.
July 2006
All evidence makes it clear that we cannot afford to wait to avoid catastrophic consequences. How much time do we have? The mounting crisis of energy prices, national security and global warming can be eased in part with the development of shallow water wind farms. Let’s embrace the Cape Wind project, the flagship of our country’s first offshore windfarm. Let’s get started now and make it work. Charles W. Kleekamp, P.E. Ret. Vice President, Clean Power Now Footnotes: 1. "Wind Farm Demonstration Project Launched," 2004 Talisman Corporate Responsibility Report. The project will receive $7 million from each of the Scottish Executive and the UK Department of Trade and Industry and $10 million from the European Commission.
Seahawks gearing up for stiff competition
The surprise was evident on the faces of the Myrtle Beach girls basketball players as they came to the bench for a timeout. For a team used to dominating every opponent from beginning to end, even Timberland's 6-3 advantage after three minutes of Friday's second-round playoff game was a shock to Myrtle Beach. The Seahawks answered with a 6-0 run to regain the lead and they never trailed again, but coach Mickey Hunter believes those three minutes of adversity could make a huge difference in the outcome of this season. "I think it helped us to be down three in the first quarter," he said. "We kind of realized Timberland is pretty good and we have to lace them up and be ready to play. We kept our composure when we did have a little adversity. That's something we haven't had to do." The Seahawks (24-2) have basically been on cruise control since Christmas, when they suffered their only two losses in the Crescent Bank Holiday Invitational.
Voltas chases the overseas chill
Mumbai, Feb 5: Voltas Ltd, the Mumbai-based Rs 3,000-crore air-conditioning and engineering services company, is likely to bag a large overseas order that could be worth Rs 600-800 crore. The order from West Asia would be in the electro-mechanical segment and come before the end of the current fiscal, a source close to the development said. It is also learnt that the Tata group company is readying itself for bigger bets into special economic zone space for long-term contracts. M M Miyajiwala, executive vice president-finance, Voltas, said, "Bidding and bagging orders is a continuous process for us and I don't want comment anything on fresh orders at this stage." He said that Voltas order book size has swelled to Rs3,500 crore, of which Rs2,700 crore are from overseas and Rs 800 crore from the domestic market.
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