netrashetty
Netra Shetty
Fabrik Inc. is a manufacturer of external hard drives and digital content management software and services. Fabrik is the third largest supplier of external storage products in North America.[1] It is headquartered in San Mateo, with offices in Santa Ana and Culver City, California.
The company sells external hard drives and online backup software in a bundled product for consumers, small business users and audio/video (A/V) content creation professionals.[2] The company also hosts the free online digital content management and sharing site, Joggle.[3][4][5][6][7][8]
Fabrik’s product lines include SimpleTech, G-Technology, Joggle and Fabrik Ultimate Backup
Fabrinet (FN) (NYSE:FN) is an optics and electronic manufacturing service provider for OEMs of products, such as optical communication components and modules. It offer services in process engineering, design, supply chain management, manufacturing, final assembly and test. Its customers include 4 of the top 6 largest optical communications components companies. Its customer base consists of Coherent, Inc., EMCORE Corporation, Finisar Corporation, Infinera Corporation, and others. [1]
Demand for optical communications components and modules depend on the development of optical communications infrastructure and carriers and enterprises expanding their network. According to research firm Ovum-RHK, annual sales for global optical communications components and modules market was $3.1 billion in 2009. It is expected to increase to $5.2 billion by 2014. The increase in carrier’s network expansion is from the high network use and rising demand for higher bandwidth capacity. [1]
The company's initial public offering of stock filed on the NYSE. The initial price offer range is $12-$14. The company plans to sell 8.5 million shares and raise $111 million. [1]
For the last nine months ended on 26 March 2010, the company had $348.3 million in total revenue, down 2.9% from $358.7 million in total revenue for the last nine months ended on 27 March 2009. [1]
First American (NYSE: FAF) is the largest provider of title insurance in the U.S. by revenue.[1] Title Insurance protects buyers and lenders in a real estate transaction by insuring against defects in a real estate title, such as unknown claims to the property or restrictions on what the owner can do with the property.
First American's revenues are strongly tied to the real estate market. The more real estate closings and mortgage refinances, the more First American can earn.
Business Overview
Business & Financial Metrics[2]
In 2009, FAF generated a net income of $269.1 million on $5.97 billion in revenue. This represents a 849.0% increase in net income and a 3.9% decrease in total revenues from 2008, when the company earned $28.4 million on $6.21 billion in total revenues.
Business Segments
Title Insurance[3]
Direct Operations (34.0% of total revenue): Direct Operations refer to title insurance policies that First American deals directly with policy buyers. First American negotiates over the premium paid and performs the search and inspection on the real estate title in question. Then, the company issues the insurance policy and is responsible for any future losses incurred with respect to that policy. Direct Operations earn larger revenues per policy than Agency Operations because First American keeps all the revenue from a given policy. Revenues from
Contents
1 Business Overview
1.1 Business & Financial Metrics[2]
1.2 Business Segments
1.2.1 Title Insurance[3]
1.2.2 Financial Services[4]
2 Key Trends and Forces
2.1 Declining Mortgage Originations adversely affect Title Revenues
2.2 Government Regulations Set Title Premiums in many States
3 Competition
4 References
Agency Operations (25.8% of total revenue): Agency Operations revenue comes from First American using an insurance agent from outside the company to perform the search and inspection on the real estate title. First American then underwrites the insurance policy by assuming the risk of a defect in the title arising in the future. For Agency Operations, the agent earns part of the title insurance premium for their search and inspection service. The rest of the fee goes to First American for assuming the risk tied to the title. Agency Operations earn a smaller revenue per title because the agent takes a cut.
Financial Services[4]
Specialty Insurance (4.6% of total revenue): First American offers Home Warranties, property, and casualty insurance.
Information and Outsourcing Solutions (13.1% of total revenue): This segment provides services ranging from tax monitoring, flood zone certification, proprietary software to map geospatial data, and business process outsourcing.
'Data and Analytic Solutions (10.6% of total revenue): This segment provides licenses and analyzes data relating to mortgages and loans.
Risk Mitigation and Business Solutions (16.5% of total revenue): This segment includes FAF's subsidiary, First Advantage Corporate, which provides credit reporting for mortgages, consumer credit, and motor vehicle reporting.
Key Trends and Forces
Declining Mortgage Originations adversely affect Title Revenues
Nearly every mortgage is issued along with a title insurance policy. Therefore, when fewer mortgages are issued, there are fewer title insurance policies issued.
Government Regulations Set Title Premiums in many States
Title Insurance is heavily regulated in the United States. The rates which First American is allowed to charge for a policy are often set by the state or county. Title Insurance is similarly regulated in the rest of the United States, and therefore revenues are dependent on the government set rates.
Competition
Competitors to First American are either in the Title Insurance industry, Information Services industry, or both. The following are First American's four largest competitors in these industries:
Fidelity National Financial (FNF) is the second largest title insurer in the US by revenue.[1] Fidelity also competes with First American for escrow, closing and processing related fees tied to real estate transactions.
LandAmerica Financial Group (LFG) is the third largest title insurer in the US by revenue.[1]
Old Republic International (ORI) is an insurance underwriter operating in three segments: General Insurance, Mortgage Guaranty, and Title Insurance. While Old Republic typically generates less revenue from Title Insurance than First American, Old Republic is not as susceptible to fluctuations in the real estate market.
Stewart Information Services (STC) Stewart Information Services has two operating segments: Title Insurance and Real Estate Information.
The company sells external hard drives and online backup software in a bundled product for consumers, small business users and audio/video (A/V) content creation professionals.[2] The company also hosts the free online digital content management and sharing site, Joggle.[3][4][5][6][7][8]
Fabrik’s product lines include SimpleTech, G-Technology, Joggle and Fabrik Ultimate Backup
Fabrinet (FN) (NYSE:FN) is an optics and electronic manufacturing service provider for OEMs of products, such as optical communication components and modules. It offer services in process engineering, design, supply chain management, manufacturing, final assembly and test. Its customers include 4 of the top 6 largest optical communications components companies. Its customer base consists of Coherent, Inc., EMCORE Corporation, Finisar Corporation, Infinera Corporation, and others. [1]
Demand for optical communications components and modules depend on the development of optical communications infrastructure and carriers and enterprises expanding their network. According to research firm Ovum-RHK, annual sales for global optical communications components and modules market was $3.1 billion in 2009. It is expected to increase to $5.2 billion by 2014. The increase in carrier’s network expansion is from the high network use and rising demand for higher bandwidth capacity. [1]
The company's initial public offering of stock filed on the NYSE. The initial price offer range is $12-$14. The company plans to sell 8.5 million shares and raise $111 million. [1]
For the last nine months ended on 26 March 2010, the company had $348.3 million in total revenue, down 2.9% from $358.7 million in total revenue for the last nine months ended on 27 March 2009. [1]
First American (NYSE: FAF) is the largest provider of title insurance in the U.S. by revenue.[1] Title Insurance protects buyers and lenders in a real estate transaction by insuring against defects in a real estate title, such as unknown claims to the property or restrictions on what the owner can do with the property.
First American's revenues are strongly tied to the real estate market. The more real estate closings and mortgage refinances, the more First American can earn.
Business Overview
Business & Financial Metrics[2]
In 2009, FAF generated a net income of $269.1 million on $5.97 billion in revenue. This represents a 849.0% increase in net income and a 3.9% decrease in total revenues from 2008, when the company earned $28.4 million on $6.21 billion in total revenues.
Business Segments
Title Insurance[3]
Direct Operations (34.0% of total revenue): Direct Operations refer to title insurance policies that First American deals directly with policy buyers. First American negotiates over the premium paid and performs the search and inspection on the real estate title in question. Then, the company issues the insurance policy and is responsible for any future losses incurred with respect to that policy. Direct Operations earn larger revenues per policy than Agency Operations because First American keeps all the revenue from a given policy. Revenues from
Contents
1 Business Overview
1.1 Business & Financial Metrics[2]
1.2 Business Segments
1.2.1 Title Insurance[3]
1.2.2 Financial Services[4]
2 Key Trends and Forces
2.1 Declining Mortgage Originations adversely affect Title Revenues
2.2 Government Regulations Set Title Premiums in many States
3 Competition
4 References
Agency Operations (25.8% of total revenue): Agency Operations revenue comes from First American using an insurance agent from outside the company to perform the search and inspection on the real estate title. First American then underwrites the insurance policy by assuming the risk of a defect in the title arising in the future. For Agency Operations, the agent earns part of the title insurance premium for their search and inspection service. The rest of the fee goes to First American for assuming the risk tied to the title. Agency Operations earn a smaller revenue per title because the agent takes a cut.
Financial Services[4]
Specialty Insurance (4.6% of total revenue): First American offers Home Warranties, property, and casualty insurance.
Information and Outsourcing Solutions (13.1% of total revenue): This segment provides services ranging from tax monitoring, flood zone certification, proprietary software to map geospatial data, and business process outsourcing.
'Data and Analytic Solutions (10.6% of total revenue): This segment provides licenses and analyzes data relating to mortgages and loans.
Risk Mitigation and Business Solutions (16.5% of total revenue): This segment includes FAF's subsidiary, First Advantage Corporate, which provides credit reporting for mortgages, consumer credit, and motor vehicle reporting.
Key Trends and Forces
Declining Mortgage Originations adversely affect Title Revenues
Nearly every mortgage is issued along with a title insurance policy. Therefore, when fewer mortgages are issued, there are fewer title insurance policies issued.
Government Regulations Set Title Premiums in many States
Title Insurance is heavily regulated in the United States. The rates which First American is allowed to charge for a policy are often set by the state or county. Title Insurance is similarly regulated in the rest of the United States, and therefore revenues are dependent on the government set rates.
Competition
Competitors to First American are either in the Title Insurance industry, Information Services industry, or both. The following are First American's four largest competitors in these industries:
Fidelity National Financial (FNF) is the second largest title insurer in the US by revenue.[1] Fidelity also competes with First American for escrow, closing and processing related fees tied to real estate transactions.
LandAmerica Financial Group (LFG) is the third largest title insurer in the US by revenue.[1]
Old Republic International (ORI) is an insurance underwriter operating in three segments: General Insurance, Mortgage Guaranty, and Title Insurance. While Old Republic typically generates less revenue from Title Insurance than First American, Old Republic is not as susceptible to fluctuations in the real estate market.
Stewart Information Services (STC) Stewart Information Services has two operating segments: Title Insurance and Real Estate Information.