Wednesday, October 26, 2011

DailyMarkets.com - PBIO Is Making Significant Progress

DailyMarkets.com - PBIO Is Making Significant Progress

PBIO Is Making Significant Progress

Posted: 26 Oct 2011 08:05 AM PDT

PBIO Is Making Significant Progress    

Grant Zeng, CFA

Advantages of PCT highlighted in multiple scientific presentations and publications

Recently, independent researchers from academia, government, pharma, and the biotechnology industry have reported significant advantages when using PBIO's pressure cycling technology (PCT) platform in their critical sample preparation processes. The presentations were made at several major scientific conferences. The studies involved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silicom Revenue Breaks Through $10 Million Milestone

Posted: 26 Oct 2011 08:05 AM PDT

Silicom Revenue Breaks Through $10 Million Milestone
Ken Nagy, CFA

On October 24, 2011, Silicom Ltd, (SILC) the provider of high-performance server and appliances networking solutions, reported financial results for its fiscal 2011 third quarter, ended September 30, 2011.

A solid third quarter by the Company resulted in quarterly record revenues across the board, operating income, net income and earnings per share.The strong results were primarily driven by growth of sales for both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McKesson Beats, Ups View

Posted: 26 Oct 2011 08:05 AM PDT

McKesson Corp.'s (NYSE:MCK) second quarter fiscal 2012 earnings of $1.63 per share (excluding special items) outperformed the Zacks Consensus Estimate of $1.38 and the year-ago earnings of $1.10. Higher revenues and lower share count helped boost earnings.
Revenues for the quarter climbed 10% to $30.2 billion, inching ahead of the Zacks Consensus Estimate of $29.5 billion. Strong performance of McKesson's two segments, aided by the acquisition of US Oncology, led to the upside.
Including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WellPoint Beats, Ups Outlook

Posted: 26 Oct 2011 07:53 AM PDT

WellPoint Inc. (NYSE:WLP) reported third-quarter adjusted income of $1.77 per share, striding ahead of the Zacks Consensus estimate of $1.69 per share. Results were also 1.7% higher from $1.74 earned in the year-ago quarter. Adjusted income declined 9.2% to $636.4 million from $701.2 million in third quarter of 2010. While adjusted earnings declined from year-ago quarter, earning per share rose due to a reduction in share count.
The quarter benefited from improved membership growth and decline in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PBIO Is Making Significant Progress

Posted: 26 Oct 2011 07:35 AM PDT

PBIO Is Making Significant Progress    

Grant Zeng, CFA

Advantages of PCT highlighted in multiple scientific presentations and publications

Recently, independent researchers from academia, government, pharma, and the biotechnology industry have reported significant advantages when using PBIO's pressure cycling technology (PCT) platform in their critical sample preparation processes. The presentations were made at several major scientific conferences. The studies involved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bonds Look Toppy Ahead Of EU Summit Conclusion

Posted: 26 Oct 2011 07:33 AM PDT

Wednesday, October 26, 2011
Despite Bond prices currently being in a consolidation phase, option volatility is on the high side, as traders remain nervous regarding the current global economic climate. There remains good chart support near the 135-00 area, as well as strong resistance at the contract high of 147-00. Some traders who may be considering short option strategies to attempt to take advantage of the current high volatility may wish to explore selling far out-of-the-money strangles in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls Back Below The 1.3952-58 And Traders Exit Longs/sell

Posted: 26 Oct 2011 07:32 AM PDT

The price is back in the main range  for the day with the 1.3933 level now the midpoint of the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls Below Low For The Day.

Posted: 26 Oct 2011 07:32 AM PDT

 The low floor area going back to yesterday afternoon at the 1.3892 level  has been broken.  On the 5 minute chart above, the 1.3876 is the next target followed by the low from yesterdays trade at the 1.3847. Before that level, however is the 100 hour MA at the 1.3864 (see blue line in the chart below). This level should find some profit taking buyers on the 1st test. A break below the level should not be ignored … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Total System Modestly Beats

Posted: 26 Oct 2011 07:30 AM PDT

Total System Services Inc. (NYSE:TSS) reported third-quarter operating earnings of 30 cents per share, a penny higher than the Zacks Consensus Estimate of 29 cents and substantially higher than 23 cents per share in the year-ago quarter.
Earnings per share surged 30.4%, while net income attributable to shareholders increased 27.1% to $58.15 million from $45.74 million in the prior-year period.
Results reflect increased revenues from most business segments, lower taxes and increase in overall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conoco Tops, But Volume Falls

Posted: 26 Oct 2011 07:20 AM PDT

ConocoPhillips (NYSE:COP) reported third-quarter 2011 adjusted earnings of $2.52 per share, comfortably beating the Zacks Consensus Estimate of $2.16. The earnings were also better than the year-earlier profit of $1.50.
The outperformance was mainly on the back of higher price realizations and better global refining margins, partially offset by lower upstream volumes as well as the absence of equity earnings from LUKOIL and higher taxes.
Revenues in the reported quarter jumped more than 28% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CB&I Outperforms Estimate

Posted: 26 Oct 2011 07:15 AM PDT

Chicago Bridge & Iron Company N (NYSE:CBI) reported third-quarter 2011 earnings per share of 72 cents, beating the Zacks Consensus Estimate of 65 cents and prior-year earnings of 52 cents. The company delivered a solid quarterly performance.
Total Revenue & Order
The top-line figure was up by 38% to $1.3 billion, as the company benefitted from the rising demand worldwide for energy infrastructure, especially in the LNG, gas processing and oil sands markets.
Australia was a major source of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Tech Beats EPS, Misses Revenue

Posted: 26 Oct 2011 07:05 AM PDT

Oil drilling equipment maker FMC Technologies Inc. (FTI) reported third quarter diluted earnings per share of 50 cents, ahead of the Zacks Consensus Estimate of 46 cents and the year-ago profit of 33 cents. The better-than-expected results were mainly due to strength in subsea systems orders.
Revenues of $1,287.2 million came in short of our expectations of $1,301.0 million, but comfortably surpassed the third quarter 2010 level of $960.0 million.
Segmental Analysis
Energy Production Systems: … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Hits Daily Low As Risk Appetite Improves

Posted: 26 Oct 2011 06:59 AM PDT

Forexpros – The U.S. dollar was down against its Canadian counterpart on Wednesday, as markets awaited developments from a critical European Union summit and ahead of the Bank of Canada's monetary policy review.

USD/CAD hit 1.0074 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.0093, tumbling 0.72%.

The pair was likely to find support at 0.9990, Tuesday's low and a five-week low and resistance at 1.0212, Tuesday's high.

Investors were awaiting the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Union Beats EPS, Guides Up

Posted: 26 Oct 2011 06:53 AM PDT

Western Union Co.'s (NYSE:WU) third quarter earnings of 42 cents per share, came in three cents ahead of the Zacks Consensus Estimate of 39 cents per share, on the back of a strong margin improvement led by its Consumer-to-Consumer (C2C) segment and a lower share count. Earnings per share also surpassed 37 cents per share recorded in the prior-year period.
Western Union's revenues for the quarter were $1.4 billion, up 6% year over year and in line with the Zacks Consensus Estimate. A 12% hike … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Higher Amid EU Talks; Dow Jones Up 1.17%

Posted: 26 Oct 2011 06:53 AM PDT

Forexpros – U.S. stocks were sharply higher on Wednesday, as European leaders began talks in Brussels with hopes of coming up with a definitive plan to tackle the region’s sovereign debt crisis.

During early U.S. trade, the Dow Jones Industrial Average jumped 1.17%, the S&P 500 index rose 0.85%, while the Nasdaq Composite index advanced 0.42%.

Market sentiment strengthened after German members of parliament voted in favor of a plan to enhance the firepower of the euro zone’s bailout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Dollar Leads Majors Ahead Of Crucial Euro-zone Summit

Posted: 26 Oct 2011 06:42 AM PDT

Fundamental Headlines
• Merkel Puts Rescue Fund to German Vote – Bloomberg
• Sweden May Shift to Crisis Mode, Reverse Interest Rate Rises – Bloomberg
• Incoming ECB Head Gives Euro-zone Pre-Summit Boost – Reuters
• European Drama Engulfs the World's Oldest Bank – WSJ
• Europe at Odds over Crisis Package – WSJ
European Session Summary
Markets started the day in the risk-averse mode, with Asian equity markets taking cues from the sell-off on U.S. equity markets late on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Futures Rise To 1-week High On U.S., India Crop Concerns

Posted: 26 Oct 2011 06:40 AM PDT

Forexpros – Cotton futures were up for a fourth day on Wednesday, trading close to the previous session's one-week high as concerns over cotton crop conditions in the U.S. and India and speculation top consumer China could ease monetary policy buoyed prices.

On the ICE Futures U.S. Exchange, cotton futures for December delivery traded at USD1.0047 a pound during early U.S. morning trade, climbing 0.8%.

It earlier rose by as much as 0.98% to trade at USD1.0070 a pound, the highest price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Stuck. Narrow Range. Up And Down. Little Conviction. EU Still Awaited.

Posted: 26 Oct 2011 06:32 AM PDT

The EURUSD is stuck with little movement.
Crude oil is down -0.54 cents
S&P is up 8.6
DJ Futures are up 82 points
Gold is up $9.00
Copper is up strong (2.18%) 7.55 cents
The range for the day is narrow with a low to high range of 1.3892 to 1.39515.  The 60 pip range is likely to be extended at some point today.  The midpoint of the range is 1.3922.  On the topside the 1.3950 level needs to be broken to push higher. ON the downside the 1.3905 level is the bottom trendline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Express Scripts Beats By A Penny

Posted: 26 Oct 2011 06:30 AM PDT

Express Scripts Inc.'s (NASDAQ:ESRX) third quarter 2011 earnings of 79 cents per share (excluding special items) were a penny above the Zacks Consensus Estimate and 22% above the year-ago adjusted earnings of 65 cents per share. The jump in earnings is attributable to lower selling, general and administrative expenses and a lower share count compared with the year-ago quarter.
Quarterly Details
Third quarter revenues of $11.6 billion surpassed the Zacks Consensus Estimate of $11.4 billion and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Turn Higher Ahead Of Talks; DAX Up 1.37%

Posted: 26 Oct 2011 06:25 AM PDT

Forexpros – European stock markets turned sharply higher on Wednesday, as investors awaited developments from a European summit hoped to result in a viable solution to the region’s worsening debt crisis.

During European morning trade, the EURO STOXX 50 surged 1.30%, France's CAC 40 jumped 1.48%, while Germany's DAX 30 soared 1.46%.

Market sentiment strengthened after German members of parliament voted in favor of a plan to enhance the firepower of the euro zone’s bailout fund, ahead of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Questar Beats EPS, Raises Outlook

Posted: 26 Oct 2011 06:17 AM PDT

Natural gas-focused energy company, Questar Corp. (NYSE:STR) reported bright third quarter 2011 results, reflecting strong transportation revenues and solid contribution from its expansion venture.
Earnings per share came in at 20 cents, surpassing both the Zacks Consensus Estimate of 17 cents and prior-year result of 16 cents.
Total revenue came in at $146.7 million, up a modest 1.0% from the year-ago level of $145.2 million. The result reflects higher production volumes across most of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Eyes On Europe, Earnings

Posted: 26 Oct 2011 06:11 AM PDT

All eyes are on Europe today, where leaders are expected to announce the much-delayed plan to tackle the common currency’s problems. And while we wait for news out of Europe, the positive tone of this morning’s earnings reports from a number of key companies and the monthly Durable Goods reading should keep the market mood favorable.

Last night’s Amazon (NASDAQ:AMZN) miss notwithstanding, the overall tone of earnings reports thus far in this reporting cycle in general and this morning in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Amazon.com, BP P.l.c., Cummins, First Solar, Gulf Island Fabrication, Lululemon Athletica, Xilinx, Xerox Corporation

Posted: 26 Oct 2011 06:11 AM PDT

    Amazon.com Inc. (NASDAQ:AMZN) posted earnings per share of $0.14, significantly below the Zacks Consensus Estimate of $0.24 per share

    Xerox Corp. (NYSE:XRX) reported third quarter earnings per share of $0.26, better than the Zacks Consensus Estimate of $0.25

    BP plc (NYSE:BP) posted third-quarter 2011 earnings of $1.67 per American Depositary Share (ADS) on a replacement cost basis, excluding non-operating items, lower than the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wyndham Beats, Ups Outlook

Posted: 26 Oct 2011 06:05 AM PDT

Wyndham Worldwide Corporation's (NYSE:WYN) third quarter 2011 adjusted earnings of 94 cents per share breezed past the Zacks Consensus Estimate of 88 cents and improved significantly from 68 cents earned a year ago. On a reported basis, Wyndham delivered earnings of $1.08 per share versus 84 cents in the prior-year quarter.
The increase was mainly driven by higher revenue per available room (RevPAR) in the Lodging business as well as strong operational performance of Vacation Ownership and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower As EU Developments Awaited

Posted: 26 Oct 2011 05:51 AM PDT

Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, as investors awaited developments from an ongoing European Union summit meeting.

During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.17% to hit 1.3931.

Investors were expecting European Union leaders to reach an agreement on a plan to tackle the debt crisis in the euro zone, including measures to recapitalize banks, enhance the region's bailout fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bard’s 3Q Mixed, Buying Medivance

Posted: 26 Oct 2011 05:50 AM PDT

Leading medical devices maker C. R. Bard's (NYSE:BCR) third-quarter fiscal 2011 adjusted earnings per share of $1.62 were ahead of the Zacks Consensus Estimate by a couple of cents and exceeded the year-ago earnings of $1.43. The results surpassed the New Jersey-based company's guidance of $1.57 to $1.61.
Adjusted earnings exclude one-time items such as acquisition/restructuring charges and impairment of Greek bonds. Profit (as reported) for the quarter rose 2% year over year to $130.1 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Core Durable Goods Orders Rise More-than-expected

Posted: 26 Oct 2011 05:37 AM PDT

Forexpros – U.S. core durable goods orders rose significantly more-than-expected in September, official data showed on Wednesday.

In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, jumped by a seasonally adjusted 1.7% in September, blowing past expectations for a 0.5% increase.

The previous month's figure was revised to a decline of 0.4% from a previously reported 0.1% drop.

The report showed that durable goods orders, which include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Limited Beats, Guides Higher

Posted: 26 Oct 2011 05:36 AM PDT

ACE Limited (NYSE:ACE) reported a third-quarter 2011 operating income of $2.22 per share, which came in ahead of the Zacks Consensus Estimate by a substantial 43 cents. Earnings improved 10% from $2.01 per share earned in the year-ago quarter. Operating income in the quarter was $759 million, up 10% from $688 million in the third quarter of 2010.
Better-than-expected results stemmed from higher premiums and investment income. The quarter experienced solid current accident year underwriting results … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher Ahead Of EU Summit; Dow Jones Up 0.60%

Posted: 26 Oct 2011 05:25 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Wednesday, as investors eyed the outcome of a key European summit on the region’s sovereign debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.60%, S&P 500 futures signaled a 0.63% increase, while the Nasdaq 100 futures indicated a 0.61% gain.

Market sentiment weakened after a meeting of European finance ministers, scheduled to take place ahead of Wednesday’s summit, was cancelled, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capella Beats Estimates

Posted: 26 Oct 2011 05:16 AM PDT

Capella Education Company (NASDAQ:CPLA), the provider of online education, recently delivered better-than-expected third-quarter 2011 results. The quarterly earnings of 66 cents a share beat the Zacks Consensus Estimate of 59 cents, but dropped 17.5% from 80 cents earned in the prior-year quarter.
Behind the Headline
Total active enrollment dropped 7.5% to 35,755 during the quarter. Management had earlier guided enrollment to fall by 6% to 8% in the quarter. New enrollment plunged 36%, reflecting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Under Armour Beats, Lifts Outlook

Posted: 26 Oct 2011 05:00 AM PDT

Under Armour, Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected third-quarter 2011 results. The outperformance came on the heels of healthy apparel, footwear, accessories and direct-to-consumer businesses, which encouraged management to provide an upbeat outlook.
The quarterly earnings of 88 cents a share soared 29.4% from 68 cents earned in the prior-year quarter. The quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down As Market Sentiment Wanes

Posted: 26 Oct 2011 04:55 AM PDT

Forexpros – The pound was down against the U.S. dollar on Wednesday, as downbeat U.K. industrial orders data and uncertainty over the outcome of Wednesday’s European summit weighed on risk appetite.

GBP/USD hit 1.5971 during early European afternoon trade, the pair’s highest since September 8; the pair subsequently consolidated at 1.5975, shedding 0.15%.

The pair was likely to find support at 1.5912, the low of September and resistance at 1.6133, the high of July 18.

The pound came under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Prices Look To EU Summit Outcome For Direction Cues

Posted: 26 Oct 2011 04:42 AM PDT

Talking Points

Crude Oil Stalls Below $95 Figure, Euro Debt Crisis Talks at Center Stage
Gold Soars to Monthly High as Investors Hedge Bets on EU Summit Success

WTI Crude Oil (NY Close): $93.17 // +1.90 // +2.08%
Crude oil remains anchored to broad-based risk sentiment trends, with the outlook clouded as investors anxiously await the outcome of the week's second EU debt crisis summit. Officials seemed to get off to a rocky start over the weekend, producing a list of what the EU won't do … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazon Plunges After Weak Q3

Posted: 26 Oct 2011 04:25 AM PDT

Amazon.com's (NASDAQ:AMZN) third quarter earnings missed the Zacks Consensus Estimate by 10 cents, or 41.7%. While revenue growth remains strong, Amazon's bottom line was again impacted by higher expenses.
We continue to believe in the company's strategy, since we think the growth in the e-commerce segment is sustainable. However, investors were clearly disappointed, pulling share prices down 12.44% in after-hours trade.
Revenue
Amazon reported revenue of $10.88 billion, up 9.7% sequentially … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybean Futures Gain On Adverse U.S. Weather, China Demand

Posted: 26 Oct 2011 04:16 AM PDT

Forexpros – Soybean futures were up on Wednesday, as adverse U.S. weather added to concerns over crop conditions in the U.S., while speculation China could loosen monetary policy in the near-term also lent support ahead of a critical European Union summit later in the day.

On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD12.3950 a bushel during European morning trade, gaining 0.45%.

It earlier fell by as much as 0.7% to trade at a daily high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Holds Gains On Summit Expectations

Posted: 26 Oct 2011 03:39 AM PDT

Forexpros – The euro held gains against the U.S. dollar on Wednesday, trading close to a six-week high as investors continued to hope that European leaders will hammer out a deal to solve the region’s debt crisis at this week’s key summit.

EUR/USD hit 1.3940 during early European afternoon trade, the daily high; the pair subsequently consolidated at 0.8703, rising 0.15%.

The pair was likely to find support at 1.3821, the low of October 24 and resistance at 1.4061, the high of July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up As EU Summit Dominates Sentiment

Posted: 26 Oct 2011 03:34 AM PDT

Forexpros – The euro was higher against the pound on Wednesday, but the single currency remained vulnerable as investors eyed the outcome of a highly anticipated European Union summit later in the day.

EUR/GBP hit 0.8719 during European late morning trade, the daily high; the pair subsequently consolidated at 0.8702, gaining 0.12%.

The pair was likely to find support at 0.8668, the low of October 21 and short-term resistance at 0.8732, the high of October 21.

Expectations for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Jump On Supply Disruption, China Easing Hopes

Posted: 26 Oct 2011 03:30 AM PDT

Forexpros – Copper futures regained strength on Wednesday, re-approaching a one-month high after copper production and shipments were halted at the world's second largest copper mine, while speculation China could loosen monetary policy in the near-term provided further support.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.508 a pound during European morning trade, surging 2.55%.

It earlier rose by as much as 2.78% to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down Amid E.Z. Hopes

Posted: 26 Oct 2011 03:17 AM PDT

Forexpros – The U.S. dollar was down against the Swiss franc on Wednesday, falling to a five-week low amid sustained hopes that European leaders will unveil a solution to the region’s debt crisis after this week’s key talks.

USD/CHF hit 0.8729 during European morning trade, the pair’s lowest since September 21; the pair subsequently consolidated at 0.8742, shedding 0.45%.

The pair was likely to find support at 0.8569, the low of September 8 and resistance at 0.8952, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. CBI Industrial Order Expectations Worsen In October

Posted: 26 Oct 2011 03:08 AM PDT

Forexpros – U.K. industrial order expectations fell sharply in October, industry data showed on Wednesday.

In a report, the Confederation of British Industry said its index of industrial order expectations declined to minus 18.0 in October, down from a reading of minus 9.0 in September.

Analysts had expected the index to improve slightly to minus 7.0.

On the index, a reading above 0.0 indicates increasing order volume is expected, below indicates expectations are for lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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