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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
Home / Markets / Industries / Health Care
Wednesday, June 11, 2008
Vital Signs, Inc. Announces Appointment of Chief Operating Officer
Comtex
TOTOWA, N.J., Jun 11, 2008 (PrimeNewswire via COMTEX) ----Vital Signs, Inc. (Nasdaq:VITL) today announced the promotion of Alex Chanin to the position of Chief Operating Officer. Mr. Chanin will be responsible for managing operations of the subsidiaries and will retain his duties as Chief Information officer. He will report to Terry Wall, CEO. Mr. Wall commented, "I am pleased to announce Alex's promotion to Chief Operating Officer. Alex has been very instrumental in the analysis and oversight of all our businesses over the past few years and will be a great asset for us in day to day operational management."
Alex Chanin has served as Executive Vice President and Chief Information Officer for Vital Signs since January 2004. Mr. Chanin holds Bachelor of Science degrees in Electrical Engineering and Computer Science from Drexel University and a Master of Science in Computer Engineering from Princeton University. Alex started his career in the clinical diagnostics unit of E.I. duPont De Nemours and has spent the last 20 years in the in Consulting, Operations, Research and Development, and IT roles within the pharmaceutical and medical device industries.
Vital Signs, Inc. and its subsidiaries design, manufacture and market primarily single-use medical products for the anesthesia, respiratory/critical care, interventional cardiology/radiology and sleep/ventilation markets, achieving the number one market share position in five of its major product categories. Vital Signs is ISO 9001 certified and has CE Mark approval for its products. In 2006 Forbes Magazine named Vital Signs, Inc. as "one of the 200 Best Small Companies in America" based on financial criteria.
All statements in this press release other than historical statements constitute Forward Looking Statements under the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from such statements as a result of a variety of factors including factors referred to by Vital Signs in its Annual Report on Form 10-K for the year ended September 30, 2007.
VITL-G
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Vital Signs, Inc.
Vital Signs, Inc. Terry D. Wall, CEO Investor Relations Douglas Wall (973) 790-1330 http://www.vital-signs.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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